As mass adoption approaches, crypto has forgotten its roots
Mass adoption risks crypto’s cypherpunk roots. Privacy as a permissionless foundation must reclaim DeFi from surveillance, TradFi and memecoin casinos.
Opinion by: Dr Corey Petty, chief evangelist at Logos
When early cryptocurrencies were conceptualized, the vision was not one of complex leverage strategies, celebrity rugpulls and government treasuries. Rather, cypherpunks sought, through cryptographic tools, to empower people through the privacy-given freedom to exchange goods and services without the threat of government overreach and mass corporate surveillance
The crypto landscape is turning from one of decentralized networks into an extension of traditional finance. Centralized exchanges regularly account for over 80% of daily crypto transactions. If crypto is to hold onto its original ethos, privacy cannot be optional.
