Crypto Narrative with PMF

BackgroundI got pilled on Bitcoin in 2013, when I was 16 years old. With my still developing brain I was right for the wrong reasons. What initially captivated me was the concept of disintermediating financial rails. I had a knack for finding ways to make money in the digital world, and the financial system has a bias against kids.

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Introduction

This article examines two distinct ideological frameworks within crypto. Rather than advocating for either position, I aim to illuminate the assumptions and that shape each perspective. By understanding these contrasting visions, you can better evaluate your own beliefs about crypto’s purpose and potential.

Unconstrained

• We must build a new financial system from scratch,

• The unrealized market has to meet us where we're at, adopt our tech and morally superior principles.

• Traditional financial institutions are fundamentally broken and beyond reform

• Decentralization is a moral imperative, not just a technological preference

• Code is law - human governance and intervention should be minimized

• Privacy and self-sovereignty are non-negotiable rights in the digital economy

• Crypto will inevitably replace fiat currencies as people recognize their inherent value

• Regulatory compliance should be optional or built into protocols, not imposed externally

• Success means creating parallel systems that eventually make traditional finance obsolete

Constrained Vision

• Crypto is default dead unless we actively pursue mass adoption,

• We must take the world as it is today as a given, and adapt to the needs of the unrealized market,

• Regulatory compliance is necessary for mainstream adoption and longevity

• User experience must match or exceed traditional finance to drive adoption

• Incremental improvement of existing systems is more realistic than revolution

• Security and stability are prerequisites for growth and should be prioritized

• Partnerships with traditional institutions can accelerate adoption and integration

• Education and accessibility are critical to expanding beyond crypto-native users

• Success means becoming seamlessly integrated into the existing financial ecosystem

Conclusion

These contrasting visions reflect fundamental philosophical differences about progress and transformation. The unconstrained vision seeks comprehensive reconstruction; the constrained vision favors incremental adaptation. Understanding these frameworks illuminates the ongoing tensions within crypto discourse.

Footnote: Framework adapted from Thomas Sowell’s 1987 book “A Conflict of Visions,” which proposes that political disagreements stem from different assumptions about human nature.