Thread by @el33th4xor

The past week showed us yet another example of the fragility of traditional financial systems. Although the connection to this system is still vital to many, including many startups, this illustrates the need for more transparent and secure systems. #ThisisWhyWeCrypto

In difficult times or when crypto seems like it is under attack, we need to take a step back and recognize the advancement that has happened so far and will continue to happen. The saying “we’re here for the tech” is very cliche but in reality, it’s true.

In 2013 Dole had more shares available than they had actual shares. This issue can be solved by removing human error and utilizing the blockchain

https://twitter.com/el33th4xor/status/1610006092267880448?s=20

Wells Fargo has a history of misusing customer information for their own company advancement. It is very critical that people are in control of their own data

https://twitter.com/el33th4xor/status/1610359329198338049?s=20

The pace of the world quickens every year. People want their things faster, businesses want their parts faster and so much more. The stone age has passed, it’s time the supply chain moves to the actual chain.

https://twitter.com/el33th4xor/status/1610733392055898112?s=20

You wake up in the morning to find all of your money in your bank is frozen and you even notice the balance is smaller than it should be. Your keys, your coins

https://twitter.com/el33th4xor/status/1613219695926120449?s=20

Banks celebrating upping their fees, bank executives naming their boat “Overdraft" when they should be making decisions with your best interest at heart.

https://twitter.com/el33th4xor/status/1615412396415193106?s=20

Level playing field, that’s all we ask for right? Just because someone has money doesn’t mean they should get an advantage over someone that doesn’t.

https://twitter.com/el33th4xor/status/1617947836305534982?s=20

We’ve seen incredible advancements within the Gaming industry within Avalanche since the beginning of the year. This is truly amazing to see for gamers. Their hard work will no longer be going down the drain and can be shared across games.

https://twitter.com/el33th4xor/status/1620852134072954885?s=20

There are so many factors and steps involved with cross border payments, but crypto has reneged as the cheapest way to send money to a family member in need.

https://twitter.com/el33th4xor/status/1623354740418531331?s=20

Insurance is a service for which you pay to ease the stress of an extremely stressful situation so if it does happen, your losses are covered. We expect this service to cover us and relieve stress, not add to it.

https://twitter.com/el33th4xor/status/1630617618649432092?s=20

Ensuring authenticity of tickets is a fantastic use case for blockchain.

https://twitter.com/el33th4xor/status/1626268168053202944?s=20

Blockchains represent the emergence of a new way of building systems. When done properly, blockchains remain resilient through hardware failures and network outages, instead of going down like centralized services.

https://twitter.com/el33th4xor/status/1628453893855145986?s=20

During bear markets it’s important to remember why we are here. Hope the #ThisisWhyWeCrypto threads were useful in reminding people of the tangible need for crypto.