Ethical finance must guide crypto’s evolution
The post Ethical finance must guide crypto’s evolution appeared on BitcoinEthereumNews.com. Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation Crypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled. We must return crypto to its decentralized roots, a technological revolution built on long-term value, inclusivity and ethics rather than cyclical, speculative gains. The industry should take inspiration from emerging regions and how ethical financial investing can help to repair some of the ways our industry has often fallen short. The rise of layer 2 When Vitalik wrote a blog post on layer 2s as a cultural extension of Ethereum, he brought up a critical point not only in business and technology but humanity — what we build in this life should be more significant than ourselves. Citing blockchains, he described how layer 2s, which he framed as subcultures of Ethereum, don’t merely differ in their technical benefits but how their positioning and intricacies trickle down into the culture of their communities. In a space where new layer 2s are emerging rapidly, Vitalik’s insights are accurate and inspiring. When we build in a vacuum of echo chambers and monocultures, we miss out on the actual value of community in Web3. What really brings communities together? Too often in crypto, that answer has been making people rich. What it should be is shared ideals that solve real issues. If done with purpose and conviction, this can still make people money. While the rapid rise of layer 2 and layer 3 solutions promises scalability and efficiency, they are too often motivated by speculative gains rather than lasting value creation. If there’s any doubt, the numbers speak for themselves. Layer-2 fatigue aside, the sheer…
The post Ethical finance must guide crypto’s evolution appeared on BitcoinEthereumNews.com.
Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation Crypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled. We must return crypto to its decentralized roots, a technological revolution built on long-term value, inclusivity and ethics rather than cyclical, speculative gains. The industry should take inspiration from emerging regions and how ethical financial investing can help to repair some of the ways our industry has often fallen short. The rise of layer 2 When Vitalik wrote a blog post on layer 2s as a cultural extension of Ethereum, he brought up a critical point not only in business and technology but humanity — what we build in this life should be more significant than ourselves. Citing blockchains, he described how layer 2s, which he framed as subcultures of Ethereum, don’t merely differ in their technical benefits but how their positioning and intricacies trickle down into the culture of their communities. In a space where new layer 2s are emerging rapidly, Vitalik’s insights are accurate and inspiring. When we build in a vacuum of echo chambers and monocultures, we miss out on the actual value of community in Web3. What really brings communities together? Too often in crypto, that answer has been making people rich. What it should be is shared ideals that solve real issues. If done with purpose and conviction, this can still make people money. While the rapid rise of layer 2 and layer 3 solutions promises scalability and efficiency, they are too often motivated by speculative gains rather than lasting value creation. If there’s any doubt, the numbers speak for themselves. Layer-2 fatigue aside, the sheer…
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