The Crypto Keyword

Ethereum is emerging as a general purpose financial backend that reduces the cost and complexity of building financial services while improving their speed and security. For decades the internet accelerated communication but did not create a neutral system for defining ownership or enforcing obligations. Economic activity moved online without the accompanying machinery of rights, records, and jurisdiction. Ethereum fills this gap by embedding these functions in software and enforcing them through a distributed validator set.

Modern economic systems rest on two foundations: tools that expand productive capacity and institutions that define who controls their output. The internet transformed how information moves, but it did not reconstruct the institutional machinery that governs ownership and exchange. Digital economic life therefore expanded without a durable system of rights, enforcement, or jurisdiction. Blockchain networks, and Ethereum in particular, address this gap by embedding institutional functions in software and enforcing them through economic incentives and cryptographic verification.

We believe crypto has been incredibly successful at providing a trustless financial layer for the 21st century. In particular it has found product market fit in two main areas: In developing countries providing aids and tools to individuals that need to fight against inflation, censorship and for companies and individuals to be able to business. Internet native communities that need a financial layer in the web that allows them to express and coordinate at a scale that wasn’t possible before. They have created new financial assets and markets that seem absurd from outside. Many times they are also absurd from the inside. People that don’t live in a developing country or that didn’t grow up with the internet have enormous difficulties understanding crypto because they don’t have skin in its game. They believe crypto doesn’t have any “real” use case or that is not serious enough. They are right. The thing is that we are living in a world that’s is becoming more absurd. Memes do not only make you laugh anymore, memes are now winning elections.