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Cults, Culture, & Crypto with Meltem Demirors | Layer Zero

5 snips
Apr 5, 2022
Meltem Demirors, Chief Strategy Officer of CoinShares, dives into the fascinating intersection of crypto and cult culture. She discusses how digital asset communities act like cults, shaping identities and values. Meltem reflects on her journey in the crypto space, the emotional dynamics of investing, and the importance of belonging. The conversation touches on the evolution of community governance and the parallels between cryptocurrency and traditional belief systems, highlighting the transformative power of these digital tribes.
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ANECDOTE

Crypto History Knowledge Gap

  • Newer crypto users often lack historical context about key events like the Bitcoin block size wars or the DAO hack.
  • Understanding this history is crucial for navigating the current landscape and appreciating how ideas have evolved.
INSIGHT

Centralization Concerns

  • The increasing centralization of crypto holdings in custodial institutions raises concerns about the industry's direction.
  • This trend deviates from the initial decentralized vision, causing some to question its alignment with original goals.
ADVICE

Emotional Detachment

  • Detach your identity from specific investments or projects to navigate the volatile crypto market.
  • Avoid emotional attachment to external factors to maintain sanity and avoid disappointment.
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