Open Money does not pursue extreme positions but rather offers a middle path.

Author: Daniel McGlynn

Translated by: Deep Tide TechFlow

Open Money is a form of currency that protests.

In other words, Open Money is anything that stands in opposition to the mainstream narrative, or what you wish it to be.

So, what does this actually mean?

It is indeed fascinating to observe the process by which cryptocurrencies are demonized or praised by politicians and business leaders.

Typically, people hear statements like, “Cryptocurrency has no value” or “it is just a tool for criminals”.

On the other hand, there are those who launch meaningless meme tokens or hoard Bitcoin in a way that seems more like gambling than a financial strategy.

**But in reality, cryptocurrency, or more specifically, **Open Money, is not about pursuing some extreme ideology. Its essence lies in enabling people to find alternatives for parts of the existing system that do not meet their needs.

The practical applications of Open Money may include more convenient cross-border payments, more efficient means of storing value or generating income, and the monetization of creative works without relying on becoming an influencer or affiliate merchant.

Open Money does not pursue extreme positions but rather offers a middle path.

The main advantage of an alternative system running parallel to the existing financial system is that it can provide a balanced pivot during times of chaos or turmoil.

Open Money is a tool that helps people find direction in extreme times while building personalized financial and informational products. These products can provide both personal control and global connectivity (sometimes both).

However, as cryptocurrency gradually integrates into the mainstream system, will it lose some of its practicality?

Ambiguity of Use Cases: An Advantage

Not long ago, it was easier for people to understand cryptocurrency, or at least know what it was not.

Early cryptocurrency users and developers often dedicated themselves to creating alternatives, attempting to stand in opposition to the traditional system.

But in the past year or two, cryptocurrency has gradually become more like a part of the traditional system rather than a completely independent entity. For example:

• The launch of cryptocurrency ETFs and the influx of institutional funds;

• Cryptocurrency becoming part of presidential political discourse;

• Cryptocurrency-based prediction markets competing with traditional media during presidential elections.

Nevertheless, the core value of cryptocurrency—the developers and teams exploring the boundaries of possibility—still needs to continue innovating in the margins.

Open Money: A Hedge Against Change

At the end of each year, people always reflect on the past while looking to the future.

Recently, I noticed some news: the appointment of a new "cryptocurrency czar," the influence of newly formed cryptocurrency lobbying groups, and whether the incoming SEC (Securities and Exchange Commission) chair has sufficient cryptocurrency-related experience. These headlines made me realize how quickly cryptocurrency has shifted from a marginal topic to a focal point, with its development speed being astonishing.

However, the trend towards "legitimacy" seems to overlook the core meaning of cryptocurrency. It is important that we avoid being misled by this superficial "legalization" and not sacrifice our original intentions, creating another "too big to fail" financial system.

The world is undergoing rapid changes.

We need alternatives, backup mechanisms, and flexible systems that can expand from the individual level to the global level to respond to these changes.

We have explored how demographic shifts, advancements in information technology, and adjustments in the economic landscape drive transformation. In this context, decentralized, permissionless, and non-custodial assets will become particularly important in the future.

In summary, we are facing a future filled with uncertainty, transformation, and change.

On one hand, these changes may bring disruptive shocks; on the other hand, they may create new opportunities. In this context, we need a middle path.

Open Money provides people with more options to respond to change in the following ways:

• Permissionless systems allow users to choose the systems that best suit their needs (whether in finance, information, identity, or creative fields).

• Non-custodial wallets and key management give users complete control over their assets, which is particularly important for enhancing asset liquidity, portability, and privacy.

• Interoperable and programmable systems support various applications of digital assets, such as peer-to-peer payments, cross-border transfers, or value storage of digital assets.

These features make Open Money capable of maintaining personal freedom while empowering users with tools and networks on the scale of the internet.

As the world enters a period of restructuring and dramatic change, these attributes of Open Money will become increasingly important.

We still need a form of "rebellious currency."

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