5 Reasons for Crypto to Be Thankful
Michael J. Casey Michael J. Casey is CoinDesks Chief Content Officer. Follow @mikejcasey on Twitter If youre an early investor in bitcoin, ether, SOL or Crypto Punk NFTs, you have lots to be thankful for this year. But as I prepared this special Thanksgiving edition of “Money Reimagined,” the idea of celebrating soaring crypto prices was rather unsatisfying. The good news is there are lots of developments in the crypto sector that capture its transformative economic and social potential and don‘t require embracing the rather distasteful “have fun staying poor” mindset of a few speculators. After looking through CoinDesk’s coverage the past 12 months, here are five things I think the crypto community can be thankful for. Youre reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here. 1) The advance of Layer 2″ scaling I chose this nerdy topic first because, ultimately, the question of whether crypto can one day be a viable alternative for the wider global economy depends largely on its ability to scale. It needs the capacity to rapidly settle a massive number of transactions without imposing burdensome costs