Crypto Snapshot February 2022

Introduction

Now that I’ve been interested in crypto for a bit now, I think I’ve gone through a couple phases. [0]

Good and Bad

Good: Internet native money. This can genuinely help countries without sound money. Cryptocurrency tears down the barriers for entry to banking systems — and really just ways to hold sound money, or at least non-hyperinflationary currencies from other countries — for people outside of select countries. There are still obstacles of user experience and internet access.

Notes

[0] A basic timeline of my interest in crypto. I’ve been interested in crypto for close to 10 months now. My dad first started talking to me about Bitcoin back in March-April 2021 and I read the whitepaper and started exploring around then. I’ve been actively learning with a community at Illini Blockchain since the end of August.

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