You may have heard about the term crypto native, and you probably wonder what it means. Well, being a crypto native is more than using cryptocurrencies and de-fi. Crypto natives believe in core values like inclusion and freedom.
So what does a crypto native stand for? Is it about holding all your savings in bitcoin or spending all your time trading your money for that new crypto you have been eyeing?
We have to look into the origin of cryptocurrencies to understand more about being a crypto native. It is okay to categorize the early investors of bitcoin into three broad groups:
· The first is the nerds who understand the cryptographic principles of bitcoin and blockchain and how it can enhance the peer-to-peer money transaction without the need for any centralized authority.
· The second is the finance professionals who saw the potential of bitcoin and other cryptos as a bet on a new financial system and a hedge against financial crises and inflation.
· The third is the libertarians, who see cryptos and blockchain as a chance to liberate and take more control of states.
So what makes these people stay in the ecosystem? They share a common belief in the ideas of freedom and inclusion hence the rise of a crypto nation.
According to Alex Gierczyk, a crypto native, bitcoin and other cryptos give people the economic freedom to transact with one another or an option to be part of a system that runs parallel to the traditional banking system. Apart from freedom, crypto natives also believe in inclusion or acceptance.
This means that any geek can contribute to the open-source code of several projects. The popularity of decentralized autonomous organizations offers the smallest members a non-judgemental way to express their views. In other words, everyone can take part in the parallel financial world, but they have to study more to understand the intricacies of this system and security elements to make the most out of it.
Blockchain technology underpins the ideas of freedom and inclusion, and the power of this system comes from the fact that it enables trustless and permissionless transactions. It is trustless in that it doesn’t need a centralized institution like a bank or government to secure the currency’s value.
It is permissionless in that anyone can take part in the bitcoin network without the need to ask for permission from anyone. The system doesn’t discriminate, is beyond a nation’s laws, protects individual rights, and builds and depends on communities.
The government cannot interfere with the bitcoin community or demand that one account or person transfers their bitcoin to another. In other words, the principle of the cryptosystem is to provide a global, voluntary form of human organization beyond the centralized state.
The crypto nation believes in the power of freedom and inclusion thanks to blockchain technology. Crypto natives are not only here for the promise of wealth, but they also believe in the power of permissionless and trustless organizations, including but not limited to the financial sector.