Going back to the roots. A Crypto 2022 sum up and thoughts for the future
<p>In 1981, Odyssey released “Going back to my roots”. I’m literally sitting here and listening to it, while trying to figure out how to sum up a year that has shaken the crypto industry. Every time the industry is shaken, it gives us the opportunity to reiterate why we chose to come here in the first place, what we believe in, and the purpose of what we are trying to accomplish as an industry. Personally, I believe crypto and blockchain is the <strong>exchange of value, </strong>just like the internet became the <strong>exchange of information, </strong>and I believe their journey share many similarities. Bitcoin was created out of the 2008 financial crisis as a response to the broken Fiat experiment, which has been running for <a href="https://www.investopedia.com/ask/answers/09/gold-standard.asp" rel="noopener ugc nofollow" target="_blank">51 years now</a>. Bitcoin was created with the belief that the financial system should be better. However, 2022 showed us the ugly truth of when centralized entities are mismanaged and why Satoshi Nakamoto, the creator of the Bitcoin Network, was smarter than we thought (and we thought he was pretty damn smart in the first place). The industry suffers as a result of becoming the very thing it was created as a response to. It’s time to slam on the brakes, evaluate, and go back to the roots.</p>
<p><strong>The year of withdrawal halts — 3AC, Celcius, Voyager and FTX</strong></p>
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