Cryptocurrency started as a technical discussion on a mailing list, grew into a small movement, attracted hordes of speculators, and then splintered into a zillion useless imitations of itself. We believe it’s destined to consolidate and eventually give way to a battle for power on the global stage. We foresee uncomfortable disruption, a real threat of catastrophe, and a real promise of increased prosperity. Let us try to explain why.

Money is broken in some parts of the world – corrupt governments have a hard time maintaining stable value in their currencies.

Centralized, dollar-backed cryptocurrencies are an excellent solution to this problem, offering an alternative to citizens of high-inflation countries, but we worry that these solutions won’t last.

We believe the future dominant cryptocurrency will be a decentralized, dollar-independent stablecoin, and it will change the economic situation in many countries around the world.