Fatigue in the crypto industry is not just a transient feeling. It is a collective reevaluation of values that has affected millions of participants. Posts claiming that eight years in the crypto industry were wasted are spreading quickly. But is that really the case?
From Romance to Reality: Why Doubts Arise
In recent years, people in crypto have experienced a lot. Day trading on exchanges during new token launches, sleepless nights for airdrops, participation in numerous community projects. From liberal ideals of decentralization through blockchain experiments to today’s craze for meme tokens and perpetual contracts — the dynamics have been dizzying.
But the main structural problem remains: narratives change faster than real products develop; speculation outpaces building; the hero cult coexists with widespread skepticism; many projects end not in failure but in simple disappearance.
These doubts are justified. They arise from genuine contradictions within the industry, not from participants’ lack of faith.
What We Really Need to Understand by “Faith in Crypto”
When people say they believe in crypto, they are not trusting specific developers, KOLs, or short-term narratives. They believe in the fundamental significance of this technology for the world.
Nic Carter, co-founder of Castle Island Ventures, highlighted five key areas where crypto truly changes the architecture of the world:
Creating a healthier monetary system independent of centralized control
Coding business logic into smart contracts for automation
Transforming digital ownership into real assets
Increasing the efficiency of capital markets
Expanding access to the global financial system for billions of people
These goals are not New Year’s promises — they are real problems that the world must solve.
Bitcoin as a Response to Systemic Crisis
In 2008, the world received a lesson. Financiers and politicians forced the rest of humanity to pay for their irresponsible risk management. That’s when Bitcoin appeared — not as a speculative asset, but as a solution to a specific question: can we create a monetary system that does not depend on any centralized institution?
The first line of the Bitcoin whitepaper states this clearly: peer-to-peer electronic cash system.
For the first time in history, people gained money that no one needs to trust. It is the only financial system on the planet that truly does not belong to any country, corporation, or individual.
Any Web2 company can freeze your account tomorrow, but no one can prevent you from sending a Bitcoin transaction. They can criticize, attack, but no one can change the system itself.
Global inflation has become the norm. Sovereign debt is growing. Interest rates distort capital markets. Financial pressure on populations increases. Privacy is disappearing. All this makes the vision of crypto not outdated but even more relevant.
Real-World Applications: Examples from Life
In countries with hyperinflation, Bitcoin and stablecoins have already become a parallel financial system that saves people.
In Argentina, stablecoins account for 61.8% of all crypto trading volume. When the national currency constantly depreciates and access to dollars is limited, USDT becomes a digital safety net. For freelancers, digital nomads, and people with international business, exchanging pesos for USDT with a click of a button is a lifeline.
In Turkey and Venezuela, the situation is even worse, and crypto is the only way out. Hundreds of millions of people who have never had a bank account now have access to the global financial system. International payments no longer require banks. This is not speculation — it is everyday reality.
Moreover, just a few years ago, Wall Street institutions did not take crypto seriously. Today, almost all top-20 global funds have Web3 divisions. TradFi giants (BlackRock, Fidelity, CME) continue to enter. Almost all spot Bitcoin ETFs in the US are setting capital inflow records. Over 15 years, Bitcoin has entered the top-10 financial assets in the world.
These changes are not a speculative bubble. They are a systemic transformation.
Why It Was Not a Waste of Effort: A Lesson from Internet History
Many still ask: if in a few years all these blockchains and protocols will be replaced by newer ones, is our work today pointless?
Look at the history of the internet. In 2000, the dot-com bubble burst — NASDAQ fell by 78%. Thousands of startups disappeared. Humanity thought it had wasted years. But that was far from the truth.
In 1995, Amazon was simply called “a site for selling books.” In 1998, Google was considered worse than Yahoo. BBS, dial-up portals, paid email — almost all of it vanished. 90% of the first mobile products did not survive. But they laid the groundwork.
The infrastructure they left — browsers, TCP/IP, early servers, compilers — became the foundation for Facebook, Google, Apple, mobile internet, cloud computing, and AI. The history of social networks is an endless cycle of exhausting previous versions. TikTok grew on the ruins of Orkut, Myspace, Friendster.
No technological industry develops purely and linearly. All go through chaos, bubbles, mistakes, and misunderstandings — before changing the world.
Crypto is following the same path.
You Are Not Alone, and This Is Not the End
The technological revolution of crypto has never been carried out by a single generation. Even if Ethereum is replaced by newer blockchains, L2s rewrite architectures, and all DEXs disappear — it will not be a wasted effort.
Because you are laying the groundwork for the future. You experiment, set parameters, conduct social experiments, forge the road, and leave experience for future generations.
You are not the end of the story.
And you are not alone. Millions of developers, researchers, fund managers, node operators, builders, and traders around the world are moving this era forward together with you.
But you must remember: even if results come slowly, even if doubts sometimes outweigh faith, you are part of a systemic transformation that has already begun and will change the world.
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Why You Still Should Consider Crypto as the Future
Fatigue in the crypto industry is not just a transient feeling. It is a collective reevaluation of values that has affected millions of participants. Posts claiming that eight years in the crypto industry were wasted are spreading quickly. But is that really the case?
From Romance to Reality: Why Doubts Arise
In recent years, people in crypto have experienced a lot. Day trading on exchanges during new token launches, sleepless nights for airdrops, participation in numerous community projects. From liberal ideals of decentralization through blockchain experiments to today’s craze for meme tokens and perpetual contracts — the dynamics have been dizzying.
But the main structural problem remains: narratives change faster than real products develop; speculation outpaces building; the hero cult coexists with widespread skepticism; many projects end not in failure but in simple disappearance.
These doubts are justified. They arise from genuine contradictions within the industry, not from participants’ lack of faith.
What We Really Need to Understand by “Faith in Crypto”
When people say they believe in crypto, they are not trusting specific developers, KOLs, or short-term narratives. They believe in the fundamental significance of this technology for the world.
Nic Carter, co-founder of Castle Island Ventures, highlighted five key areas where crypto truly changes the architecture of the world:
These goals are not New Year’s promises — they are real problems that the world must solve.
Bitcoin as a Response to Systemic Crisis
In 2008, the world received a lesson. Financiers and politicians forced the rest of humanity to pay for their irresponsible risk management. That’s when Bitcoin appeared — not as a speculative asset, but as a solution to a specific question: can we create a monetary system that does not depend on any centralized institution?
The first line of the Bitcoin whitepaper states this clearly: peer-to-peer electronic cash system.
For the first time in history, people gained money that no one needs to trust. It is the only financial system on the planet that truly does not belong to any country, corporation, or individual.
Any Web2 company can freeze your account tomorrow, but no one can prevent you from sending a Bitcoin transaction. They can criticize, attack, but no one can change the system itself.
Global inflation has become the norm. Sovereign debt is growing. Interest rates distort capital markets. Financial pressure on populations increases. Privacy is disappearing. All this makes the vision of crypto not outdated but even more relevant.
Real-World Applications: Examples from Life
In countries with hyperinflation, Bitcoin and stablecoins have already become a parallel financial system that saves people.
In Argentina, stablecoins account for 61.8% of all crypto trading volume. When the national currency constantly depreciates and access to dollars is limited, USDT becomes a digital safety net. For freelancers, digital nomads, and people with international business, exchanging pesos for USDT with a click of a button is a lifeline.
In Turkey and Venezuela, the situation is even worse, and crypto is the only way out. Hundreds of millions of people who have never had a bank account now have access to the global financial system. International payments no longer require banks. This is not speculation — it is everyday reality.
Moreover, just a few years ago, Wall Street institutions did not take crypto seriously. Today, almost all top-20 global funds have Web3 divisions. TradFi giants (BlackRock, Fidelity, CME) continue to enter. Almost all spot Bitcoin ETFs in the US are setting capital inflow records. Over 15 years, Bitcoin has entered the top-10 financial assets in the world.
These changes are not a speculative bubble. They are a systemic transformation.
Why It Was Not a Waste of Effort: A Lesson from Internet History
Many still ask: if in a few years all these blockchains and protocols will be replaced by newer ones, is our work today pointless?
Look at the history of the internet. In 2000, the dot-com bubble burst — NASDAQ fell by 78%. Thousands of startups disappeared. Humanity thought it had wasted years. But that was far from the truth.
In 1995, Amazon was simply called “a site for selling books.” In 1998, Google was considered worse than Yahoo. BBS, dial-up portals, paid email — almost all of it vanished. 90% of the first mobile products did not survive. But they laid the groundwork.
The infrastructure they left — browsers, TCP/IP, early servers, compilers — became the foundation for Facebook, Google, Apple, mobile internet, cloud computing, and AI. The history of social networks is an endless cycle of exhausting previous versions. TikTok grew on the ruins of Orkut, Myspace, Friendster.
No technological industry develops purely and linearly. All go through chaos, bubbles, mistakes, and misunderstandings — before changing the world.
Crypto is following the same path.
You Are Not Alone, and This Is Not the End
The technological revolution of crypto has never been carried out by a single generation. Even if Ethereum is replaced by newer blockchains, L2s rewrite architectures, and all DEXs disappear — it will not be a wasted effort.
Because you are laying the groundwork for the future. You experiment, set parameters, conduct social experiments, forge the road, and leave experience for future generations.
You are not the end of the story.
And you are not alone. Millions of developers, researchers, fund managers, node operators, builders, and traders around the world are moving this era forward together with you.
But you must remember: even if results come slowly, even if doubts sometimes outweigh faith, you are part of a systemic transformation that has already begun and will change the world.