Ethical financing must direct the development of Crypto

Opinion: Daniel Ahmed, the co -founder of Vasit and the founding member of the private institution

Crypto was born from a vision to give an decentralized character to power, and to give the democratic character to financing and construction as the shares prevail over exploitation. Somewhere along the way, the movement lost a moral compass. The speculation has also increased, the purpose diminished.

We must re -encryption to its decentralized roots, a technological revolution based on a long -term value, inclusiveness and morals, rather than periodic and speculative gains. Industry must be inspired by emerging areas and how moral financial investment can help repair some of the ways that our industry has often outperformed.

Class 2

When Vitalik wrote a leaflet on the 2S code as an cultural extension of Ethereum, put a critical point not only in business and technology but human – what we build in this life should be more important than ourselves. Quoted from Blockchains, description of how 2s layer,, Which were formulated as sub -stops from Ethereum, not only differ in its technical benefits, but how their status and complications flow into the culture of their societies.

In the space in which the new layer 2 appears quickly, Vitalik visions are accurate and inspiring. When we build in a vacuum of resonance rooms and mono cultures, we miss the actual value of society in Web3.

What collects societies together? Often in encryption, this answer made people rich. What should be the common ideals that solve real problems. If it is done with the purpose and condemnation, this still can make people earn money.

while Rapid From class 2 and Layer 3 Solutions are the ability to expand and efficiently, and are often stimulated by speculative gains instead of creating permanent value. If there is any doubt, the numbers speak for themselves.

Regardless of Layer-2 fatigue, the huge scope of this data raises the question: Did our industry create just because it can, or does it create benefit in the real world that improves the lives of his human colleagues? There is nothing wrong with building something to earn money, but if this is the only reason that made us build something, this is a problem.

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We need to change the narration and consider how web3 resolved in resolving actual and basic issues in emerging markets – especially in areas such as the Middle East, Southeast Asia and Africa – as a North star of how to build our moral future.

What does innovation really mean?

If the encryption projects believe that innovation in the Web3 revolves around the VC -led donations collection, comparing transactions per second, or building the following large decentralized application for cat currency trade, perhaps it was not in a place where the simplest financial transactions were exhausted.

In emerging markets, where people wrestle with inflation, high transfers and limited access to financial services, we have seen how the meaningful monuments can transform the lives of millions daily. These are not abstract issues. It affects business owners, families, students, creators and more.

From Stablecoins to easy -to -use applications, web3 provides a unique opportunity to address these problems by creating central and decentralized financial systems that exceed inefficiency and inequality in traditional banking services. In order for Web3 a really difference in these areas, it must be designed with a focus on morals, accessibility and long -term benefit. We must lead to role models.

In these markets, if innovation does not create a meaningful disorder that improves people’s lives and addresses problems in the real world, this is nothing more than the word ton. The most powerful technology solutions are those that solve the greatest problems of the world.

Ethical financing – Web3 future?

If you want to inspire, pay attention to those who do something different. If you want to inspire others, you will lead to role models.

Ethical financing, especially Islamic financeProviding valuable lessons for Web3. The history of this sector dates back to the sixties and seventies in the Middle East and North Africa (until about 620 m), this sector was built on the participation of risks, moral investment and focusing on concrete assets.

Islamic financing has been borne for centuries because it rejects speculation in favor of real and meaningful value. For example, we saw the rise of moral financing institutions such as Al -Raji Bank, one of the most prominent Islamic banks in the world, known for its investments in concrete assets and financial products directed towards society.