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web3

Sweden’s Innovation Legacy: Setting the Stage for Web3

Sweden's Innovation Legacy: Setting the Stage for Web3

As a Swede, I hear about our strong history of creating powerful solutions, like Spotify, Bluetooth, and the pacemaker, which have changed everyday life for people around the world. This same spirit of innovation can now be used to make things like money management, voting, and even how we share information online more fair, safe, and easy for everyone through new digital ideas. Yet, when it comes to Web3, I can’t help but feel we’re sitting on untapped potential. Here’s what Sweden could do.

For inspiration, I looked at what Sweden could learn from Singapore.

Sweden has distinct advantages that, if properly utilized, could position us as leaders in Web3. These strengths lie in our love for equality, transparency, and social welfare. Yes, these values align perfectly with the principles of decentralization and trust that underpin Web3 technologies.

Sweden could use blockchain to enhance transparency in public services or create decentralized systems that empower underserved communities. These aren’t far-fetched ideas; they’re practical applications of Web3 that could improve how we live and work. But first, we need to recognize these opportunities.

One of Sweden’s greatest strengths is its dedication to transparency. I would say this is a big selling point for Web3 for Scandinavian hearts since we know that transparency increases trust. Whether it’s open government data or accessible public records, we truly value clarity and accountability. Web3 offers a chance to take this even further.

I would also like to highlight the possibilities of a blockchain-based system for tracking medical records, making healthcare more efficient and equitable. Let me tell you, the healthcare sector needs it badly.

In Singapore, blockchain is being used to enhance supply chain transparency, ensuring consumers know exactly where their products come from. They’ve also piloted blockchain solutions for cross-border trade, reducing fraud and increasing efficiency. If Singapore can do it for trade, why can’t Sweden do it for public services?

Sweden’s robust social welfare system—with universal healthcare, social benefits, and social support—is one of our proudest achievements. However, it is also characterized by a complex and extensive bureaucratic framework. Now, picture enhancing it with Web3 solutions that make services faster, cheaper, and more inclusive.

For instance, blockchain could simplify the process of verifying eligibility for pensions, unemployment support, or housing assistance. This would reduce bureaucracy while ensuring no one falls through the cracks.

Singapore has implemented blockchain-based identity verification systems to improve access to government services. These systems allow citizens to securely share personal information only when necessary, protecting privacy while speeding up processes. I wonder if Sweden could adopt similar solutions to make social welfare more efficient?

"If Sweden uses Web3 technology to strengthen our social safety net even further, we’ll set an example for the rest of the world."

Sweden has a long-standing love for gender equality and inclusion. I suggest, develop targeted programs that encourage women and underrepresented groups to engage with Web3 technologies. Offer workshops, scholarships, and mentorship initiatives to create a more diverse and inclusive community. Well, I guess it’s early…

However, Singapore actively supports diversity in tech through partnerships with universities and industry leaders. Programs like TechSkills Accelerator (TeSA) provide training in blockchain and other emerging technologies, ensuring that everyone has access to new opportunities.

Swedish authorities could look further into providing secure digital identities, protecting citizens’ privacy online with Web3 technology. Take a sneak peek at Singapore’s government, which has invested heavily in blockchain infrastructure to foster trust in both public and private sectors.

Who cares? Well, in our digital world, trust is more important than ever.

When I think about Sweden’s potential in Web3, I see potential that we would create a future where technology works for everyone, not just the few. Blockchain technology can ensure fair elections, make healthcare more accessible, and empower small businesses to compete globally. These aren’t distant dreams—they’re already being pursued by other nations and are within reach if Sweden chooses to pursue them.

So, we can build on what we already do best: promoting equality, fostering trust, and solving real-world problems. By applying these values to Web3, we’ll create solutions that most Swedes think would improve society even more.

I wonder, will we seize this opportunity?

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web3

Web3’s Missing Soul: Why Reality Isn’t Found in Code

Web3's Missing Soul: Why Reality Isn’t Found in CodeYour Heading

Here’s my truth: Reality isn’t found in code. It’s found in connection. Not the kind of connection you make by hitting "like" on a post or buying an NFT, but the kind that happens when you look someone in the eye, shake their hand, or share a laugh together. If Web3 really wants to improve our lives—and not just impress us with its promises—it needs to remember this simple fact. And right now, I see a problem.

Web3 is all about the digital world. That might seem obvious, but stay with me. The fact that it lives almost entirely online is holding it back. Why? Because we’re human beings first and I’m not convinced that we are naturally digital creatures.

We need touch, smell, taste, and real-life experiences. We long for things that can’t be captured by screens or blockchain transactions. Sure, Web3 has the potential to change industries, help creators, and level the playing field—but if it stays stuck in cyberspace, it risks being nothing more than a shiny illusion, a pretend revolution that never touches the ground.

Have you ever felt that strange feeling while scrolling through your phone or chatting about someting? You know, that little voice whispering that something’s missing? That’s exactly where Web3 needs to meet us—in the real world. Being a somewhat spiritual person myself I would say it’s our soul calling for something.

However, I would say that the physical is slowly gaining ground in the Web3 space. Sure, speculation is a considerable part with thousands of useless tokens created on Pump.fun. But I genuinely feel a shift is happening, a move away from speculation and toward utility. This trend suggests that Web3 technologies are starting to focus on solving real-world problems and touching us on a human premise.

Tokenization of real-world assets is doing just that, opening new possibilities for investment and ownership. By turning tangible items like art, real estate, and even agricultural produce into digital tokens, Web3 is unlocking trillions in new markets. This isn’t just about making money; it’s about democratizing access to wealth-building opportunities that were once reserved for the elite.

Meanwhile, decentralized finance (DeFi) is evolving beyond speculative trading. It’s entering what experts call the "dividend era," where protocols distribute revenue directly to users and token holders. This is great news because, instead of chasing quick gains, DeFi is building sustainable financial systems that benefit everyone.

The classic Web3 wet dream where small businesses in remote villages can access loans instantly, without needing traditional banks—or where individuals can earn interest on their savings without relying on centralized institutions. This is slowly becoming reality.

Stablecoins, too, are great examples. They’re now transforming how businesses and consumers conduct transactions. Their stability makes them ideal for everything from cross-border payments to everyday shopping. I heard the transaction volume of stablecoin transactions are higher than that of Visa and Mastercard. Even though the legacy system processes more small-value transactions, stablecoins are clearly gaining traction.

When doing research, I was reminded of the clearest sign of all. Major companies are embracing blockchain technology to improve operations. From tracking supply chains to managing healthcare records, these systems are reaching our physical reality. Medical records are securely stored on a blockchain, accessible only to authorized parties, ensuring privacy and accuracy. Or consider tracking the origin of pharmaceuticals to combat counterfeit drugs.

I was stunned the other day. Apparently, some hardcore Bitcoiners are realizing that Bitcoin hasn't lived up to its utility promises.

Moreover, the fact is that businesses and institutions and consumers now demand real utility.

My gaze drifts to the window, where the world outside moves freely. I better call my daughter for a walk.

I wonder “What does this mean for Web3?”

These examples show that Web3 doesn’t have to exist solely in the abstract world of code. When it steps into the physical realm, it becomes more relatable to us, more impactful, and more meaningful. Like a walk in the park. "Hi Siri! Call Tara.“

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web3

How I Went from Laughing at Crypto to Having Existential Web3 Thoughts

How I Went from Laughing at Crypto to Having Existential Web3 Thoughts

Five years ago, if you had told me I’d be writing about Web3, I would have smiled and said, “Of course,” because I’m too curious for my own good. Crypto? Blockchain? NFTs? It all sounded like a scam.

And yet—here we are. Once again, ahead of my time, I’m actively trying to convince Swedes—a people who trust banks more than their own mothers—that this actually matters. Somewhere along the way, my skepticism turned into curiosity, my curiosity turned into obsession, and my obsession led me to actually start writing about this stuff.

The moment it all started to go wrong

Like many, my introduction to crypto came through a friend who lost a ton of money trading Bitcoin. “I mean, why just hodl when you can beat the market?” The Swedish media had already confirmed what I suspected—crypto was either a Ponzi scheme, a money-laundering tool, or just a really good way to lose money. And as a rational, law-abiding Swede, I knew better.

Then, one evening, sitting there with my daily bowl of porridge, I made the mistake of watching some YouTube videos. First, it was harmless curiosity. But soon, I had spent hundreds of hours watching Raoul Pal, Charles Hoskinson, Paul Barron, Brad Garlinghouse, and Michael Saylor rant about decentralization and financial freedom. Sweet Buddha, I even found myself lying in bed watching BitBoy Crypto and cursing every time Gary Gensler made the news. My friends were getting worried.

And then it hit me.

"Wait a second… what if they’re right?"

They weren’t just gambling on dog coins. They were talking about a new internet, a financial system that doesn’t require permission, and the possibility that trusting massive institutions with everything we own might not be the best idea ever.

My existential crisis

At first, I tried to shake it off. After all, Sweden had a perfectly regulated financial system! Who needs crypto when we have Swish and our government-approved banking overlords?

But Web3, I realized, wasn’t just about money. It was about power, ownership, and control. It was about the fact that most of us willingly hand over all our data, assets, and digital identities to a handful of companies who monetize every click we make.

Meanwhile, Sweden’s Web3 discourse is… well, let’s just say it needs some work. The conversation still sounds like this:

"Crypto is a scam."
"But blockchain could revolutionize finance!"
"Okay, but Bitcoin is bad for the environment."
"Yes, but Ethereum moved to proof-of-stake"
"I don’t trust it. My bank works just fine."

Meanwhile, the U.S., Europe, and Asia are already integrating blockchain into finance, healthcare, and governance, while Sweden still acts like Web3 is some rebellious teenager who just needs to grow up and get a corporate job.

So, why am I still here?

Well, my mom says I’m special. So, obviously, I had to step in.

Honestly, it wasn’t one single “aha” moment. It was one major realization:

If people like me—who care about social development and human well-being—don’t engage with Web3, then the space will be shaped by those who only care about profit.

So now, I’m here, running Cryptobeyer, asking the questions Sweden isn’t—hoping that one day, someone will actually answer. ”Hello does anyone hear me?”

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web3

What Web3 Can Learn from Past Industrial Revolutions

What Web3 Can Learn from Past Industrial Revolutions

History reminds us that no industrial revolution—from the steam engine to the assembly line—has been solely defined by its economic potential. Each era of transformation has eventually bent toward addressing deeper human needs, whether through labor reforms or environmental considerations. As I look at the Web3 space, while profit remains a powerful catalyst, societal values will ultimately shape its trajectory. Soon.

Web3 holds great promise
Blockchain technology, decentralized finance (DeFi), and non-fungible tokens (NFTs) promise unprecedented levels of efficiency, transparency, and inclusivity. But let’s be honest. These systems are being built with the same profit-driven logic that fueled past revolutions. Just as mechanized textile production slashed costs during the First Industrial Revolution, blockchain platforms aim to streamline global transactions, reduce intermediaries, and unlock new markets. More money is created to address inefficiencies left by previous industrial shifts.

We are witnessing the migration of physical assets onto digital ledgers. Real estate, art, intellectual property—these are just some examples of tangible goods being tokenized for easier trade and management. Financial instruments such as stablecoins and liquidity pools offer investors access to previously inaccessible opportunities. This shift mirrors earlier eras when railroads connected distant markets or electricity powered factories. We did this to enable exponential growth. However, much like those transformations, Web3's initial focus on profit overlooks critical questions about equity, ethics, and sustainability.

Lessons from history
History does not repeat, but it sure seems to rhyme. The consequences of unchecked profit-seeking are clear. During the First Industrial Revolution, mechanization brought immense wealth but also dehumanizing working conditions. Factories turned workers into "cogs in a machine," subjecting them to grueling hours and unsafe environments. Similarly, the Second Industrial Revolution's emphasis on mass production further centralized power, leaving many marginalized. Let me tell you, working in the Ford factory in New Jersey in 1913 was no picnic.

It wasn't until widespread social unrest and advocacy movements forced governments and industries to reconsider their priorities that meaningful reforms emerged. Labor laws, safety regulations, and fair wages became cornerstones of modern employment practices. Likewise, the environmental crises of the mid-20th century prompted a reevaluation of industrial growth, leading to policies aimed at preserving natural resources and promoting sustainability.

Moreover, the push for regulation highlights a broader truth: societies tend to respond reactively rather than proactively. We often wait for crises to unfold before implementing solutions. In the public health field, we have started to consider the health consequences of letting companies freely produce and market unhealthy foods. In this discussion, the crashes of FTX and Terra Luna serve as wake-up calls, forcing us to confront the limitations of unregulated markets. By learning from these failures, we can be smarter in the Web3 ecosystem.

The role of regulation
These incidents underscore a growing demand for regulation—a socially constructed need born out of necessity. Governments around the world are now scrambling to establish frameworks that protect consumers while fostering innovation. After all, few would board an airplane without confidence in aviation safety standards.

Regulation in Web3 is not merely a bureaucratic imposition; I say it reflects society's evolving understanding of what constitutes sensible innovation. Much like labor laws were crafted to address exploitation in previous industrial revolutions, regulatory measures in Web3 aim to safeguard against fraud, manipulation, and environmental harm. For instance, concerns about the energy consumption of proof-of-work blockchains have already spurred shifts toward more sustainable alternatives like proof-of-stake, and a growing part of Bitcoin mining is powered by green energy.

Glimmers of hope in Web3 projects
Already, we see glimmers of hope in projects focused on environmental sustainability, financial inclusion, and community empowerment. Decentralized autonomous organizations (DAOs) are experimenting with governance models that prioritize collective decision-making. Tokenized carbon credits are incentivizing climate action. Microfinance platforms are extending credit to underserved populations worldwide. This is great.

Yet, the future of Web3 lies at the intersection of technological advancement and human-centered values. Take real-world assets, for example. As physical assets continue to go online, they will increasingly be managed in ways that align with sound environmental values and social justice. In the traditional financial sector, these are called ESG funds, sustainable funds, and responsible investment funds. Banks optimizing cross-border transactions will do so with energy-smart, low-cost, and efficient blockchain technology. Some companies tokenizing real estate will ensure more equitable distribution of benefits. Investors trading NFTs may support artists who contribute positively to their communities. These opportunities are unique in this industrial revolution.

Learning from the past
In a way, it is frustrating that we seem to be repeating past mistakes, but we can address them earlier than we did before. Like previous industrial revolutions, Web3 will evolve through trial and error, shaped largely by market forces. But if history teaches us anything, it is that profit alone cannot sustain progress. People and our values can.

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Business & Society

The Elephant in the Room: Global Inequality and Web3’s Potential

The Elephant in the Room: Global Inequality and Web3's Potential

The elephant curve reveals a blunt reality: inequality is stark reality in the global economy. I couldn't help but wonder if Web3 could help bridge the gap between the wealthy and the struggling. Here's what I discovered. The Elephant Curve chart, created by economist Branko Milanovic, tracks global income growth from 1988 to 2008. It shows two peaks: one for the growing middle class in emerging economies like China and India, and one for the ultra-rich. The dip, or "trunk," shows the struggles of the working and middle classes in developed countries.

In the late 20th century, globalization took off with trade liberalization, new technology, and companies moved parts of their production or services to countries with lower labor costs. This reshaped the global supply chain. Developing nations thrived, creating jobs and lifting millions out of poverty. But in the U.S. and much of Europe, the middle and working classes struggled as manufacturing jobs disappeared, wages stayed flat, and economic security declined. It appears that Sweden's experience with the elephant curve reflects increased income inequality driven by capital gains at the top.

Why care? In short, economic imbalance in society has led to the political and social unrest we see today. Populist movements are increasing, and we are now aware that globalization may not be fair. We need to be vigilant to create a better world.

I thought we had learned something, but the updated elephant curve data, extending to 2016, shows otherwise. After 2008, income growth in emerging economies slowed, and inequality at the top only worsened. The ultra-wealthy aren’t just taking bigger slices of the pie—they’re baking entirely new pies. Between 1980 and 2016, the top 1% captured over 27% of global income growth, while the poorest half of the world barely saw 12%. It’s clear that progress hasn’t been shared equally.

Regionally, the global middle class saw mixed fortunes. In East Asia, rapid industrialization fueled rising incomes, while regions like Sub-Saharan Africa and Latin America saw stagnating growth. In advanced economies, the middle class continued to hollow out, with wages often failing to keep up with inflation. Looking ahead to 2050, researchers warn that inequality could either deepen or lessen, depending on the policies we choose today.

I wonder, will economic divides widen, creating a world of prosperity for a few, surrounded by growing discontent? What to do?

Here’s where I see Web3’s true potential. I won’t dive into the usual buzzwords like decentralization, transparency, or community ownership—you know the drill. Web3, the decentralized internet built on blockchain, offers a chance to rethink our economic systems. Unlike today’s internet, controlled by a few powerful corporations, Web3 promises a fairer, more equitable future. Beyond cryptocurrency, Web3 includes DeFi, DAOs, NFTs, and new ways of managing digital ownership, all aiming to break the control of banks, governments, and big tech. Oops, I guess I slipped into the basics after all. I have a distinct feeling that I need to mention memecoins.

I think Trumpcoin and Fartcoin are both a way to gamble but also an urge to try to beat inflation and rising costs. Remember, we live in an era when traditional investments feel inaccessible for many, memecoins invite newcomers into the fight for financial opportunity. At their core, memecoins embody Web3's inclusive values: anyone with internet access can participate. However, the reality is often harsher. The general sentiment is that 70-80% of memecoin investors lose money due to high volatility, scams, or poor timing. For every success story, there are many more of financial losses, often felt most by those who can least afford it.

Anyway, Web3's promise of inclusion raises another crucial question: Could it unintentionally create a technocracy? This is a world where those with early access, technical expertise, or control over blockchain infrastructure hold disproportionate power. The National Bureau of Economic Research shows that the richest 1% of Bitcoin holders control more than 27% of the total supply. This is mirroring traditional financial inequalities. We want to move away from that right!? Similarly, DAOs, while promising on paper, often see decision-making concentrated among a small group of highly engaged or wealthy participants. So, what world are we creating here? The same?

Decentralized finance (DeFi) could open up access to capital, especially in areas with limited banking services. DAOs enable communities to make decisions together, bypassing centralized authorities. Meanwhile, NFT technology has the potential to revolutionize intellectual property rights, giving artists and creators unprecedented control over their work. This is just the beginning of what Web3 could unlock.

But as we build this new system, we must ask: Who benefits? To me, it seems that we are merely replicating the power dynamics of the old system in a shiny new technological wrapper.

To make sure Web3 benefits everyone, we need intentional action. Policymakers must create regulations to protect newcomers from exploitation, developers need to prioritize equity in their designs, and communities must hold power accountable to stop wealth from concentrating. Only then can we unlock Web3’s true potential for all.

We must ask: How can innovations like Web3 help create a fairer economy? Yes, it can—if we ask the right questions while building it. We need to have that conversation.

That’s why I created the Proof of Good Pledge. By signing it, you can join the movement, get rewards, and be part of the solution. Because to me, the elephant curve—where the gap between the haves and the have-nots keeps widening—feels less like a warning and more like a prediction already coming true.

If you're ready to make a difference, sign the pledge and let’s start shaping a fairer future together. Join the conversation here.

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Business & Society

The Idealism of Web3: A Hindrance or a Guiding Light?

The Idealism of Web3: A Hindrance or a Guiding Light?

Web3, with its promises of decentralization, user ownership, and fairness, feels like a vision of a perfect world. A world where power isn’t concentrated in the hands of a few corporations and where diverse voices shape the future of technology. Wonderful! But let’s be honest—this vision can feel overly idealistic, almost impossible to achieve.

The very idea of decentralization, while compelling, raises serious practical challenges. How do you build systems that truly function without central authorities? Honestly, I believe that most founders, regardless of industry, do want to hold control of their project/company. Sometimes we need a reality check. After all, how do you ensure that “everyone” has a say when so many still lack basic internet access or the technical literacy to participate? Web3 technologies are still complex, and the user interface can be frankly terrible. And even within diverse communities, whose voice gets heard the loudest?

These questions are not easy to answer. But I believe they’re worth having a conversation about, because while idealism may feel like a hindrance, it can also be a guiding light. The key lies in balancing lofty aspirations with grounded, practical approaches. In a way, it’s about a dream.

Decentralization
Decentralization sounds great in theory, but implementing it often leads to messy realities. Let’s not kid ourselves—fully decentralized systems can be inefficient, slow, and prone to conflict. Decision-making in a decentralized autonomous organization (DAO), for instance, can lead to disagreements or be dominated by those who hold the most tokens, undermining the very principles of fairness and inclusivity.

Similarly, the idea of platforms “working for everyone” is a beautiful goal, but is it truly realistic? Socioeconomic divides, language barriers, and cultural differences make it nearly impossible to design a single system that serves everyone equally. These idealistic values can feel paralyzing, setting goals so high that progress seems unattainable.

Rather than dismissing these ideals as unworkable, what if we treated them as guiding principles rather than rigid blueprints?

“Idealism doesn’t have to mean perfection; it can mean striving to make things better, step by step.”

Pragmatic approaches to idealistic goals
For instance, decentralization doesn’t have to be absolute. Hybrid models—where some aspects are decentralized, while others remain centralized for efficiency—can offer a pragmatic compromise. Why not use a decentralized ledger and a centralized operation management with a heart in the right place?

Similarly, “working for everyone” doesn’t mean solving every inequity overnight. It could mean prioritizing accessibility and building tools that are simple and intuitive. It could also mean focusing on specific underserved communities rather than trying to please the entire world at once. Instead of saying, “We’ll build a platform that works for everyone,” we might say, “We’ll onboard 1,000 underserved users this year and provide them with the tools they need to succeed.”

Striking a balance in the fourth industrial revolution
Handling idealistic values in the Fourth Industrial Revolution requires a delicate balance. On one hand, we need the inspiration of bold ideals to keep us pushing forward. On the other, we must be realistic about what’s achievable in the short term.

I think for Web3 to succeed, we should approach it with humility and flexibility. Let’s be open to feedback, adaptations on designs, and recognizing that progress often comes in baby steps. It also means accepting that no system will ever be perfect, and sharing what didn’t work is just as important as celebrating successes.

When I get idealistic about something I care deeply for, I like to take a step back and see it as a challenge. A challenge to dream big while reminding myself to stay pragmatic. The Fourth Industrial Revolution isn’t going to be shaped by idealism alone, but that doesn’t mean idealism doesn’t have its place.

The heart of Web3
When it comes to Web3, that idealism—creating a project that’s good for society or aiming to improve the world—is messy. It’s full of obstacles, compromises, and tough decisions. But it’s also necessary. Without that vision to guide us, we risk losing the heart of why we’re building in the first place. It’s about holding on to those big dreams while doing the hard work to make them real.

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Business & Society

Why Values Must Be the Core of the Fourth Industrial Revolution

Why Values Must Be the Core of the Fourth Industrial Revolution

I believe, strongly, that we’re at a pivotal moment in history. The Fourth Industrial Revolution and its technologies are transforming the way we live, work, and connect. As we try to navigate these societal transformations, one thing is clear: values are not just a nice-to-have; they must be at the heart of everything we build. I say, “Values must be a core feature in the digital era.”

Why Values Matter in Technological Innovation
Values shape how we live in society, and they will define the success or failure of the technological systems we create. Without them, innovation risks becoming cold, impersonal, or even harmful. But when we intentionally embed human values—like fairness, accountability, and transparency—into our systems, technology can become a force for empowerment and trust. Let’s remember:

“Technology reflects who we are.”

It seems that we often get caught up in the "coolness" of new, shiny tools. Let’s build! But remember, we’ve seen how technology without values can leave people behind. In the age of Web2, for example, social media platforms exploded with promise, only to later expose cracks—privacy violations, misinformation, and algorithms that prioritize profit over well-being.

The truth is, problems from previous industrial revolutions still exist because those systems failed to center values. Some people are still unbanked and don’t even have internet access. It didn’t have to become that way, but I think it was a system lacking human-centered values.

Web3: A Second Chance to Build Better Systems
Web3 gives us a second chance. It’s a chance to build digital systems that reflect who we are and what we care about as humans. We have seen the future: a world where creators get fair compensation for their work, where users own their data, and where transparency isn’t just a buzzword but a fundamental design principle. These aren’t just technical features—they’re values in action.

Sure, some people don’t care. But I have a feeling that many of us are tired of feeling powerless in the face of technological giants. Web3 promises to give power back to individuals and communities. However, decentralization on its own doesn’t guarantee fairness. That’s why it’s crucial to design these systems with trust, inclusivity, and accountability baked in from the start. Values.

If we want Web3 projects to serve everyone, we need to actively consider issues like accessibility. Who gets to participate in this new economy? Who benefits from it? Designing for inclusion isn’t automatic; it’s a value-driven choice.

The Risks of Ignoring Values
When we treat values like annoying things to fix later, we risk creating systems that exclude, exploit, or harm people—again. But when we treat values as features, we get something mindfully transformative. I know it may not sound as sexy as the PornRocket token , but prioritizing fairness and shared ownership is good for society. We need to remind ourselves that code doesn’t build a better society—values do.

Creating a Future That Works for Everyone
If we embed human values into our technology, we can create a world where innovation works for everyone. But it’s not going to happen by accident. Regulators, developers, and users like you and me need to push for systems that reflect what we believe in. I say fairness, inclusion, and sustainability is a start. Let’s start that conversation today.

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Business & Society

2024: The Year Bitcoin Took Center Stage—Except in Sweden

2024: The Year Bitcoin Took Center Stage—Except in Sweden

Two years ago, most people outside the crypto world thought Bitcoin was experiencing yet another death. Multiple bankruptcies in the crypto lending industry had left the market in turmoil, and Bitcoin was swiftly dismissed as a risky, crime-ridden asset plagued by scams. But in 2024, Bitcoin proved many wrong. It didn’t just bounce back again—it surged, transforming from a niche asset into a global force that's now reshaping the landscape of finance and politics in forward-thinking countries.

It wasn’t just a year of recovery—it was the year Bitcoin became a cornerstone of modern financial strategy. From ETFs to political endorsements, the story of Bitcoin in 2024 is one of legitimacy and momentum.

The rise of Bitcoin ETFs
When the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs in January 2024, it changed everything. These ETFs made owning Bitcoin as simple as buying a stock, removing the barriers that kept many investors at bay. In less than 12 months, these funds outpaced U.S. gold ETFs in assets under management, proving the hunger for Bitcoin among institutional and retail investors alike.

I think this accessibility has been the real game-changer. Bitcoin ownership in the United States already stood at 28 million users—about 13.8% of the population. But the ETFs gave a broader range of people a way to join in, whether they were casual investors or massive asset managers like BlackRock and Fidelity. The U.S., while third in the total number of Bitcoin owners, leads the world in Bitcoin trading volume and saw record flows into these ETFs.

Globally, the numbers are even more staggering. India leads the pack with 75 million Bitcoin users, followed by China with 38 million. And smaller nations like the UAE and Vietnam boast the highest percentages of cryptocurrency ownership, at 30.4% and 21.2% of their populations, respectively.

This highlights a crucial trend: Bitcoin is no longer just for tech enthusiasts or the financially elite. It’s becoming a universal asset, though its use and significance differ widely across regions.

Bitcoin entangled with national interests
Here’s a fact that might surprise you: the U.S. government is the largest institutional holder of Bitcoin, with 207,189 BTC—worth over $19 billion at current prices. Most of this comes from seizures related to criminal activity, but it underscores a larger point: Bitcoin is becoming entangled with national interests. Yesterday I heard that even Canada will likely become Bitcoin-friendly with a new administration.

While the U.S. has embraced Bitcoin ETFs and holds the top spot in trading volume, it lags behind countries like India and China in individual ownership. This divide shows how Bitcoin’s adoption is shaped by geography, population size, and local attitudes. For instance, in places like the UAE and Vietnam, Bitcoin’s appeal lies in its ability to provide financial sovereignty in volatile or underbanked economies. In the U.S., it’s more about speculation, investment, and, increasingly, policy.

Donald Trump’s pro-crypto pivot
If someone told me a few years ago that Donald Trump would become Bitcoin’s biggest cheerleader, I’d have called it a joke. Back in 2019, he dismissed crypto as a scam. But in 2024, Trump’s transformation into a crypto advocate has been nothing short of extraordinary—and market-shifting.

Trump ran his 2024 campaign on a boldly pro-crypto platform, vowing to make the U.S. “the crypto capital of the planet.” This wasn’t just talk. His administration-in-waiting features crypto-friendly figures, such as Paul Atkins, tapped to lead the SEC, and Bo Hines, a 29-year-old slated to head a new presidential advisory council on digital assets.

The promises were sweeping: creating a national Bitcoin reserve, opposing a U.S. central bank digital currency (CBDC), and streamlining regulations for crypto trading and token sales. While the details remain murky, the market responded with enthusiasm. Bitcoin surged past $107,000, with a market cap exceeding $2 trillion, while the broader crypto ecosystem soared to $3.7 trillion. Even XRP finally rose over 300% and is looking at a bright future.

What makes Trump’s pivot particularly impactful is the political backing it has resulted in. Crypto-friendly candidates now dominate the House of Representatives, and the industry poured $245 million into the 2024 election. Trump’s embrace of Bitcoin has turned a once-contentious technology into a centerpiece of U.S. economic and financial strategy.

Filling gaps in traditional finance
What’s fascinating about Bitcoin in 2024 is how it’s filling gaps that traditional financial systems can’t. In a world increasingly defined by geopolitical tensions and economic fragmentation, Bitcoin is emerging as a lifeline. For nations, it’s a hedge against sanctions or asset freezes. For individuals in countries with unstable currencies, it’s a way to preserve wealth.

Take India, for example, with 75 million users—the highest globally. For many in India and other emerging markets, Bitcoin isn’t just an investment; it’s a necessity in navigating financial instability. Meanwhile, in the UAE and Vietnam, Bitcoin’s adoption rates reflect a growing desire for digital financial tools in rapidly modernizing economies.

Even in the U.S., where Bitcoin is more about portfolio diversification, the cultural shift is clear. More people are seeing Bitcoin not just as a speculative asset but as a legitimate alternative to traditional stores of value like gold.

Beyond halving events
For years, Bitcoin’s price followed a predictable pattern tied to its halving events—a spike, a crash, and a long recovery. But 2024 showed that the halving event was a non-factor in terms of the price of Bitcoin. Now, it’s real-world forces like institutional adoption, regulatory clarity, and political endorsements that seem to drive the market.

This isn’t without its risks. The influx of institutional money has brought a slight stability, but also the potential for bigger crashes if things go south. Leveraged purchases and speculative euphoria could lead to sharp corrections, especially as the market adjusts to the realities of a pro-Bitcoin administration in the U.S.

Sweden: an outlier in crypto adoption
Despite Stockholm’s reputation as a fintech hub, cryptocurrency adoption in Sweden is relatively low compared to global trends. A recent survey by K33 Research and EY found that only 7% of the adult population—about 550,000 Swedes—have invested in crypto. This adoption skews heavily toward younger demographics, with nearly half of investors under 30 and another 40% between 30 and 50 years old. Urban centers like Stockholm show slightly higher ownership rates at 10%, but the traditional finance sector and government remain hesitant to embrace the technology.

Sweden’s cautious stance is further reflected in its focus on centralized solutions, like the e-krona pilot, while largely ignoring the broader potential of blockchain and decentralized finance. Yes, some industry players in finance, accounting, and real estate have noticed the possibilities of blockchain technology, but this contrasts sharply with countries like the UAE and Vietnam, where Bitcoin adoption is fueled by its promise of financial sovereignty, or the U.S., where pro-crypto policies are reshaping financial markets. Singapore is also embracing the fourth industrial revolution with clearer regulations during 2024.

Yet, I am optimistic: 20% of Swedes expressed interest in acquiring crypto within the next decade, signaling a slow but potential shift in attitudes. For now, though, Sweden stands apart—a cashless society hesitant to dive into cryptocurrency.

Looking ahead to 2025
As we head into 2025, the big question is whether this global momentum can be sustained. Will policies catch up to the hype? Will Bitcoin’s role in national reserves expand? I think so. One thing is clear: 2024 was the year Bitcoin became part of the global fabric—and it’s not going back.

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Business & Society

Web3 för nybörjare: Vad är det och varför borde vi i Sverige bry oss?

Web3 för nybörjare: Vad är det och varför borde vi i Sverige bry oss?

Web3 – det nya begreppet som ofta dyker upp i samtal om framtidens internet. Men vad är det egentligen? Och varför borde vi i Sverige, ett land som länge har varit ledande inom innovation och digitalisering, lägga märke till det?

Web3, eller det "tredje internet", är ett koncept där internet blir decentraliserat med hjälp av blockkedjeteknologi. Tänk dig ett internet där du som användare har full kontroll över dina egna data och digitala tillgångar – utan att behöva förlita dig på stora techjättar som Google eller Facebook. Det handlar om att skapa en rättvisare och mer transparent digital värld där makten ligger i användarens händer, inte i centraliserade företag.

Så varför borde vi i Sverige bry oss? För det första har vi en lång historia av att omfamna ny teknik. Dessutom pågår den fjärde industriella revolutionen och Sverige vill inte komma efter i den globala utvecklingen. Det som oroar är en tydlig skepticism mot kryptovalutor och blockkedjeteknologi – många associerar det felaktigt endast med bedrägerier och spekulation. Jag kommer bemöta detta i senare artiklar. Vad många missar är att Web3 inte bara handlar om kryptovalutor. Det handlar om smarta lösningar som kan revolutionera allt från hur vi röstar online till hur vi delar energi eller lagrar personliga data. Det är en rörelse som handlar om tillit, transparens och ökad tillgång till samhällsviktiga digitala tjänster. Allt som Sverige i sak håller kärt.

I ett samhälle som Sverige, där jämlikhet och transparens är centrala värden, kan Web3 öppna dörren för nya sätt att tänka kring demokrati, hållbarhet och entreprenörskap.

Det kan ge mindre företag möjlighet att konkurrera på lika villkor och erbjuda medborgarna mer insyn i beslutsprocesser.

Men här är utmaningen som jag ser det: Kunskapen om Web3 är låg. Enligt undersökningar äger endast 7 procent av svenskar kryptovalutor, och majoriteten av befolkningen avfärdar ämnet som irrelevant. Det är ett tankefel vi inte har råd med.

Om Sverige ska fortsätta att vara en ledande kraft inom teknologi och innovation, behöver vi ta oss tid att förstå och engagera oss i Web3. Det är inte bara framtiden – det är redan här. Frågan är: Vill vi vara med och forma den?

Vad tycker du? Är Sverige redo att omfamna Web3, eller riskerar vi att stå vid sidlinjen medan andra länder tar ledningen?

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Business & Society

Are All Altcoins Just Fancy Memecoins? Murad Mahmudov’s Bold Claim Under the Microscope

Are All Altcoins Just Fancy Memecoins? Murad Mahmudov’s Bold Claim Under the Microscope

Influencers want attention, but Murad Mahmudov’s assertion that "all altcoins are essentially memecoins, just more complex versions" really grabbed my attention. On the surface, it’s a compelling argument. Many altcoins are hyped on social media, their value driven by communities, memes, and speculation, rather than any inherent technological value. It's easy to see how someone could group them all together. But hold on a minute—there’s more to this claim than meets the eye.

Let’s be clear: Mahmudov isn’t entirely wrong. The cryptocurrency space is sick of altcoins that have unclear value propositions, relying more on hype than real-world utility. Many of these projects—often powered by little more than memes—are certainly speculative in nature. It’s a reality check we all need, reminding us to think twice before we invest. But here’s where I take issue with his argument: reducing all altcoins to Fartcoin is an oversimplification that risks clouding people’s understanding of this diverse and complex space.

Take XRP, for example. Mahmudov mentioned tokens like XRP and Cardano in his interview on Coin Bureau, branding them as “complex memecoins.” But this is where his argument begins to fall apart. XRP is not just a speculative asset; it powers the XRP Ledger, a blockchain designed to solve real-world problems with cross-border payments. XRP is used to close the gap between different currencies, enabling faster and low-cost transactions—a far cry from the meme-driven antics of Fartcoin. Yes, it’s true that XRP is yet to blossom fully and still faces regulatory hurdles, but calling it a memecoin outright dismisses the substantial infrastructure and genuine utility that’s being built globally around it.

And then there’s Cardano. This is a project that has been meticulously developed, with a foundation rooted in academic research and peer-reviewed processes. Yes, it’s a blockchain that is academically researched before launch. Cardano’s goal is to create a scalable, secure, and sustainable blockchain ecosystem for decentralized applications, with ADA as the token that powers it all. To call it a memecoin undermines the years of rigorous development and the ambitious vision behind it. There’s real value here, not just speculation. Moreover, Cardano’s founder, Charles Hoskinson, has been actively involved in policy discussions, positioning himself as a key figure in the future of blockchain technology. Surely, this isn’t the work of a memecoin.

Now, I can agree with Mahmudov on one thing: the crypto space is filled with speculative tokens. There are projects out there that exist mainly as speculative assets with little to no practical value. But the crypto market is far from monolithic. By lumping all altcoins into the same category as memecoins, Mahmudov risks distorting the public’s understanding of what cryptocurrencies can really achieve. Newcomers to the cryptocurrency field and the casual observer, already overwhelmed by the noise of the market, could easily mistake XRP, Cardano, and other serious projects for the latest meme coin to trend on social media. This only adds to the confusion in an already complex and rapidly evolving fourth industrial revolution.

The core issue here is this: Mahmudov’s critique, while valid in many cases, brushes aside the real-world innovations taking place in the blockchain space. He’s right to point out the role of community and speculation in driving the value of many tokens, but this doesn’t mean that all altcoins lack technological substance. The reality is that some projects—like XRP and Cardano—are laying the groundwork for blockchain to be used in ways that could change entire industries.

In short, Murad Mahmudov’s statement about altcoins and memecoins is far from the full story. Yes, there are plenty of projects driven by hype and community speculation, but to call all altcoins “fancy memecoins” is a disservice to the innovation happening in this space. Cryptocurrencies like XRP and Cardano are not just speculative bets; they’re part of a broader movement that could change the future for a broad number of sectors in society.

If we’re going to have a meaningful conversation about the future of cryptocurrency, we need to look beyond surface-level labels and dig deeper into what these tokens really represent.