You fetch people’s attention when there’s money to be made. Blockchain was revolutionary from the start, but it only garnered mass interest when people understood it could turn a buck. And that in itself is not bad, but the funny thing about money is that it has this subtle quality of corrupting.
I’m now recalling and sharing some of what I brought up during my opening musical talk to the crypto-heads at Vilnius BlockForum from a couple of weeks ago.The question I wanted everyone at the conference to ask themselves is wether they actually believe in blockchain and its ability to challenge the status quo, or if they simply have faith that crypto will survive a bear market. I urged participants to consider what the great Oscar Wilde brilliantly phrased in one of his plays;
“A cynic is a man who knows the price of everything and the value of nothing”
Bitcoin arose under the premise and promise that financial transactions can be less shady. Gold-rush speculation and swarms of flaky ICO’s challenge that initial utopian promise of a distributed ledger that brings a community of people together who dare dream of a post-fiat world. It is the speculators and the cons that risk tainting something so pivotal for humanity.
The question is what you actually believe in. Are you going to treat crypto the same way you treated the previous tenders? Are you going to keep your inner “Scrooge McDuck” in check, are you going to weed out your shady peers? Are you going to be idealistic and above money when it comes to preserving the integrity of the community, the tokens and the platforms? Are YOU going to prove WE can self-regulate?
The truth of the matter is that you can’t fund a revolution without any cash. So, as a friend of mine likes to say, the answer to the riddle is somewhere in the middle. You’ve got to make money and keep your morals in check as well. Or as Oscar Wilde responded to his own quote in the next line of the same play-
“And a sentimentalist is a man who sees absurd value in everything and doesn’t know the market price of any single thing.”