In March of 2013, I wrote this post: Boost VC Welcomes Bitcoin.

It holds up well. Comparing Bitcoin to Napster was a stroke of genius (Way to go past Adam).

Bitcoin and the crypto markets are taking a hit, along with everything else in the world this week. And when markets are dropping, I feel it’s important to remember why you were in the market in the first place, and this is a good reminder to how the market has changed… but also stayed the same.

Coinbase as well as other crypto gateways (Gemini, Ripio, Shakepay, Coinhako…) moved the technology from the wild west to the “iTunes” era of alternative finance. Computer Scientists are using this technology, Financial people are using this technology, and Artists have begun to use it. The market has developed, but the mission remains the same - Build an open financial infrastructure for the world. Give everyone on earth the tools needed to be in the digital economy.

Another key indicator of progress is how many talented humans are having fun building in Web3. So many driven, dynamic people are pulling the “big tech” escape chord and jumping ALL IN to Web3/Crypto/Bitcoin.

The community is in a position where the wind is at their back, the mission remains the same, and the talent pool has only gotten bigger and better. The macro market is recalibrating for all assets… but all I keep thinking is “Do I really want to own any US Dollars over this better money?”

I’m not a trader. I don’t jump in and out of things. We may be headed into a crypto winter, we might not. All I know is that the game just started, and we get to witness one of the most historical global financial/societal shifts first hand, and that’s exciting. We are empowering individuals to be their own bank.

Back to work.

*Originally published on Adam’s Substack - https://www.adamdraper.vc/p/bitcoin-number-go-down

Bitcoin Goes Down.