The true revolution of Crypto Assets concerns humanity, not technology.

Author: Badi Sudhakaran, Co-founder of VALR, Source: Cointelegraph, Translation: Shaw, Golden Finance

As we all know, the financial system we are familiar with excludes too many people. This exclusion is not only reflected in the ease of accessing banking or financial services but also concerns dignity.

When people are unable to preserve their wealth, or cannot understand why their money is depreciating, they lose not only purchasing power but also their control over life.

Fortunately, the democratizing nature of cryptocurrency offers people hope and a path to redemption. It is a way to combat inflation.

When "money" means more than just "money"

Cryptocurrency provides a way for people to regain lost dignity through financial education and inclusivity, something the current banking system often fails to do. While the price volatility of Bitcoin may make headlines, its value lies in something more fundamental: knowledge.

When people encounter cryptocurrency, they begin to ask some key questions. Why does currency have value? How does the financial system operate? What are the causes of inflation?

Knowledge is the "true wealth and source of glory for humanity." However, we must acknowledge the challenges faced by cryptocurrencies. This promise of liberating technology may also become another tool of exclusion.

For many people, cryptocurrency has become a speculative playground, and the complex interfaces and technical jargon create new barriers for those lacking technical skills. Industry participants often prioritize profit over education, resulting in new and vulnerable users facing risks they do not fully understand.

Learn from Scratch

The more honest path of blockchain development lies in building systems that prioritize human understanding over transaction speed, and community interests over individual interests. Technology alone cannot bring dignity. It must be combined with responsible development and meaningful education.

True financial dignity comes from an effective combination of knowledge and agency. This was evident when a grandmother in rural India used a crypto wallet instead of a bank-backed digital payment app, because she understood the purpose and meaning of crypto wallets, rather than being told to do so. This became apparent when a young entrepreneur in Johannesburg was able to participate in the global economy on an equal footing and had a clear idea of what he was doing and why he was doing it.

What is particularly noteworthy is the way this knowledge spreads within the community. A small cryptocurrency user study group can quickly develop into a local knowledge center, where experienced users guide newcomers and share time-honored technical skills and financial wisdom. This inclusiveness is common throughout the blockchain space.

Community-led initiatives are often more effective than formal training programs because they root new technologies in local contexts and cultural understandings. When education is provided by the community to its own members, the transfer of knowledge is more dignified and respectful.

Build a Human-Centered System

The hype and speculative tendencies in the cryptocurrency industry may overshadow these deeper benefits. What we need is a platform that can communicate in human language rather than technical jargon. We need systems that can provide protection while empowering, and communities that can offer support while developing. This means we need to rethink from the ground up how to design cryptocurrency platforms.

We should not start from technical capabilities, but rather from the perspective of human nature. How do people in different communities understand and use money? What are their fears and desires? What cultural factors influence their financial decisions?

By incorporating these human insights into our technological solutions, we can create a system that truly serves everyone, not just the technological elite or the financial privileged classes. If we cannot address reasonable concerns about accessibility and regulation, those skeptics who hold a negative view of cryptocurrency will only add fuel to the fire.

Wealth is not just money; it also encompasses knowledge, dignity, and connections. Cryptocurrency embodies these values at its best. It is not merely a technology, but a tool for empowerment, education, and unity.

The cryptocurrency industry should advocate for authenticity and excellence, ensuring that cryptocurrency serves everyone, not just a privileged few. In the future, money will ultimately hold more significance.