Author: CryptoBeyer

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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.

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web3

Closing the Digital Divide: How Web3 Can Create a More Inclusive Future

Closing the Digital Divide: How Web3 Can Create a More Inclusive Future

Yesterday, at the Web3 for Good live event, I had the privilege of presenting the Proof of Good Framework and engaging in a crucial discussion about the digital divide. Reflecting on this, I see both incredible promise and undeniable responsibility in how technology shapes our world.

Yes, we are living in the Fourth Industrial Revolution, where innovation is transforming how we connect, work, and solve problems. Yet, while billions benefit, about 2.6 billion people still lack access to the internet. For many who are online, limited digital skills or expensive technology prevent them from fully participating. This digital divide, is not just about missing out on Facebook reels or online conveniences—it creates real barriers to education, financial stability, and opportunity. I believe Web3, the next phase of the internet, holds the power to bridge this gap if we approach its design and implementation thoughtfully. Let’s have the conversation how to do it.

One of the most promising ways Web3 can make a difference is through tools like Decentralized Finance (DeFi). DeFi is a new financial system that remove the need for traditional banks and offer financial services like loans and savings directly to individuals. For the 1.4 billion adults worldwide who don’t have bank accounts, this could be life-changing. Imagine someone in a remote village being able to access a small loan to grow their business or save money securely for the first time. But to make this vision a reality, people need tools they can actually use. Even for a reader such as yourself, I would not be suprised if you do not love your traditional bank and wish there where more alternatives available for your banking needs.

Unfortunately, many of today’s Web3 tools—particularly wallets—are too complex for the average person. Do you know how to use a Web3 wallet like Metamask? If not, you’re not alone. These wallets often require a technical background and don’t cater to non-English speakers, making them inaccessible to many. This is a problem, especially in areas where digital literacy is limited. But, yes there are wallets that are safe and easier to use such as Exodus and Tangem, but we need further developments in this area to combat the digital divide.

I argue that creating wallets that are user-friendly, multilingual, and secure is one of the most critical steps toward making Web3 accessible to everyone. Without intuitive tools, the promise of Web3 will remain out of reach for those who need it most. A wallet that is simple and easy to use could open the door for millions to participate in the Web3 ecosystem. It’s not just about holding digital assets—it’s about removing the barriers that make decentralized applications (dApps) difficult to use. Imagine a wallet that automatically manages transaction fees or securely handles identity verification without requiring users to navigate a maze of options.

A few days ago, Vitalik Buterin, co-founder of Ethereum, stressed the importance of creating wallets that balance simplicity, privacy, and security. He envisions features like social recovery, where trusted individuals can help you regain access if you lose your password—a feature that could reassure users new to the technology.

While a large part of the cryptocurrency community do not recommend sharing the keys to digital wallets, for Web3 to succeed in closing the digital divide, prioritizing ease of use seem essential to get more people to use this technology.

I think the rapid changes in society demand a conversation about equity and inclusion.

Who is benefiting from the technologies we’re building? Are they designed for the privileged few or for the billions who stand to gain the most?

I believe Web3 has the tools to close the digital divide, but only if we approach its design with intention. It’s not just about advancing technology—it’s about ensuring that technology works for everyone. Simplifying wallets is one way to start, but the broader effort must focus on making Web3 intuitive, affordable, and empowering.

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web3

Web3 for Good: How Do We Build for Real Impact?

The promise of Web3 is nothing short of revolutionary, but turning ideals into real-world impact? That’s a challenge worth tackling. If you're passionate about the intersection of blockchain, technology, and meaningful change, mark your calendar.

On December 4th at 4 PM CET, Cryptobeyer and Thrilld are hosting “Web3 for Good,” a live event where industry pioneers, innovators, and changemakers will dive into the most pressing questions shaping the future of Web3.

Why This Matters:

Web3 has the potential to reshape industries, empower individuals, and redefine equity in the digital age. But how do we ensure that the tools, platforms, and systems we build align with ethical standards, deliver tangible benefits, and foster sustainability?

What We’ll Discuss:

Expect a thought-provoking discussion with an incredible lineup of experts. Topics include:

✔️ What does (and does not!) “real impact” look like in Web3?

✔️ How can outsiders evaluate impact using frameworks like Proof of Good?

✔️ How can founders and businesses build impact beyond their individual projects?

✔️ Ensuring equitable use of financial tools like crowdfunding and market-making.

✔️ The role of Web3 in empowering people through IoT, AI, and quantum computing.

Meet the Speakers:

■ Frank ▄ ▀. – Founder of Masternode.one, whose leadership drove an annual trading volume of over $40 billion across centralized and decentralized exchanges.

💡 Jesse Wachtel – Founder of Decentralized Ventures and CTO of Thrilld Labs. Jesse is the creator of FundingChain, a decentralized crowdfunding platform changing how projects are funded.

🧠 Henrik Beyer – Author and creator of the Proof of Good framework, designed to align Web3 innovation with ethics and equity.

🌍 Alexandra Overgaag – CEO of Thrilld Labs and contributor to the Proof of Good framework, building tools for impactful and sustainable Web3 projects.

This isn’t your typical laid-back panel. It’s a live debate with real stakes.

Be Part of the Conversation:

Your voice matters. Share your questions, ideas, and experiences during the event as we explore how Web3 can truly impact the real world.

Don’t miss this chance to BUIDL for a better future.

👉 [Register now and join us on LinkedIn](https://www.linkedin.com/events/web3forgood-building-evaluating7266758955094134785/theater/)

Let’s redefine what “good” looks like in the fourth industrial revolution. See you there!

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web3

Why Trust Matters More than Ever

Why Trust Matters More than Ever

Unless you have lived happily on a deserted beach, you may have noticed the rising interest in cryptocurrencies in the media and among the general public. Aside from the increased Bitcoin price, political interest in cryptocurrencies in the US, and promising signs of clearer regulation, trust is the most important factor to consider in the cryptocurrency adoption discussion. Trust—or the lack of it—will show the way forward.

In Scandinavia, this skepticism is particularly pronounced. Studies show that only 7% of Swedes and Danes, and 9% of Norwegians, own cryptocurrencies—less than half the global average. A staggering 80% of people in these nations say they will never invest in crypto. This sentiment mirrors a broader global hesitation: people are intrigued by the idea of cryptocurrency, but many are unwilling to leap without assurances that their money is secure.

Trust is the foundation of financial systems, and for cryptocurrencies, it’s both their greatest promise and their biggest challenge. Without central banks or governments backing them, trust in crypto depends on the technology itself—its transparency, security, and the people behind it.

For Scandinavians, who place a high value on stability and transparency, this decentralized model can seem more risky than revolutionary. Their traditional financial institutions, rooted in decades of consistent performance and strong oversight, provide a sense of security that cryptocurrencies often lack. It is also interesting to note that most people outside of the crypto bubble will not trust Bitcoin unless it gets less volatile. While volatility is inconceivable for trust in the public, it equals opportunity for long-term investing for many. Trust seems to depend on a person's time horizon.

Tradition versus modernity is a trust game, particularly in financial markets. El Salvador’s adoption of Bitcoin as legal tender illustrates this. While some see it as a bold step toward financial inclusion, others view it as reckless. Scandinavians, with their pragmatic ethos, are more likely to ask: “Why fix what isn’t broken?”

The media plays a critical role in shaping how people view cryptocurrencies. For years, headlines have painted Bitcoin as a speculative gamble or a tool for criminals. In Sweden, this narrative continues. The head of the Swedish National Bank, Mr. Thedéen, says, “There is every reason to be skeptical of cryptocurrencies,” whereas the next US president, Trump, is considering adding Bitcoin to the US national reserve. I wonder if skepticism against crypto is only enhanced in Sweden, as people may relate crypto with Trump. Yes, most Swedes are critical of Trump.

Globally, however, the narrative is evolving. Media outlets now highlight crypto’s potential to empower people in developing nations. Countries like Turkey, Vietnam, and Nigeria lead the world in crypto adoption, where it provides an alternative to unstable currencies and limited banking access. This stands in stark contrast to Scandinavia, where robust financial systems make such alternatives unnecessary.

For cryptocurrencies to gain broader acceptance, I believe trust must be earned by prioritizing user-friendly platforms that are as secure as traditional banking apps. Scandinavian skepticism stems, in part, from fears of hacks and scams—stories that dominate headlines. I believe this is similar in other nations as well.

I know regulatory clarity is essential. The European Union’s Markets in Crypto-Assets (MiCA) framework, set to go live in late 2024, could make a difference. By setting clear rules and improving transparency, MiCA could reduce fear and encourage trust—not just in Scandinavia but across Europe.

Yes, people need to understand not just how crypto works, but why it’s valuable. In Scandinavia, where people are used to clear explanations and reliable systems, demystifying cryptocurrency is critical.

Cryptocurrency is at a turning point. On one side lies the promise of a revolutionary financial system; on the other, skepticism rooted in mistrust and confusion. Scandinavia’s cautious approach is a reminder that even the most innovative technologies must prove themselves to a public that values safety and transparency.

Let’s remember that trust isn’t just a nice-to-have; it’s the foundation of cryptocurrency’s future. If the industry can earn it, the potential for a more inclusive, innovative financial system is enormous. But if trust remains elusive, the digital currency revolution may falter. All in all, I would say it’s about earning the confidence of those who value tradition.

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Business & Society

How to Use the Proof of Good Framework to Build Impactful Web3 Projects

How to Use the Proof of Good Framework to Build Impactful Web3 Projects

The Proof of Good Framework is a practical, flexible tool designed to help Web3 projects achieve their goals while also delivering real societal value. Here’s a step-by-step guide to implementing this framework, specifically made to founders looking to blend profitability with purpose. Yes, the framework is simple to adapt, regardless of your project’s size or focus.

“I believe Web3 projects could really benefit from having a framework to help them assess the potential impact their work might have on society. It’s important that this framework is both practical and realistic… That’s why I created it!”

Here’s how you can get started.

Step 1: Focus on the pillars that align with your goals

The framework includes multiple pillars that address societal needs, such as inclusivity, transparency, privacy, and sustainability. Don’t feel pressured to tackle every pillar at once. Start with those that align best with your goals and build from there.

Example: A DeFi platform might start by focusing on equity and accessibility to make financial tools available to underserved communities. By narrowing the scope, you can create impact without overextending resources.

Step 2: Use the framework’s guiding questions to identify areas of improvement

Each pillar includes targeted questions to help founders identify areas where societal impact can be strengthened. This is where the framework’s adaptability shines—apply the questions to your project’s core areas and adjust as you go.

Example Question: From the Equity and Inclusivity pillar, ask, “Who benefits from my project’s success?” If the answer is limited to well-resourced users, consider expanding accessibility by lowering fees or simplifying onboarding.

Step 3: Start small improvements

The Proof of Good Framework isn’t about a major overhaul. Begin with small, manageable changes based on your findings, which will gradually bring your project closer to public-good principles.

Example Improvement: If your equity review shows that fees exclude lower-income users, try a tiered fee structure or offer discounts to first-time users. These incremental adjustments allow for sustained growth aligned with societal values.

Step 4: Reassess regularly

Web3 evolves fast. Make it a practice to revisit the framework quarterly or after each major milestone. Regular assessments keep your project aligned with both user needs and public-good principles.

Example Process: After launching a feature, review the Privacy and Data Security pillar to ensure that user data remains protected. This regular check-in helps build trust and keeps your project responsive to evolving expectations.

Step 5: Communicate your commitment

It’s a win-win situation. The Proof of Good Framework also helps showcase your values. Share your progress with users, investors, and partners to demonstrate your commitment to transparency and social impact.

Example of Sharing: Publish a quarterly report or blog post detailing your progress on the framework’s pillars, such as reductions in transaction fees or new privacy features. This openness builds credibility and attracts like-minded supporters.

Let’s take the first step

Starting with the Proof of Good Framework doesn’t require a complete transformation, just the willingness to explore and answer a few core questions. Begin with, “Who benefits from my project’s success?” and “How are we ensuring transparency and accessibility?”

The Proof of Good Framework is here to guide you, whether as a conversation starter or a full roadmap, making impactful Web3 projects achievable for founders of all types. Let’s build a digital future that’s not just profitable, but meaningful.

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web3

Launching the Proof of Good Framework: Guiding Web3 Toward a Better Future

Launching the Proof of Good Framework: Guiding Web3 Toward a Better Future

Web3 founders are increasingly under pressure to consider the societal impact of their projects. While the decentralized web holds the promise of an open, accessible digital world where communities have more control and power is more fairly distributed, Web3’s rapid growth has also revealed serious pitfalls. Investors, communities, and organizations are closely examining the social effects of these technologies, expecting more from those who develop them.

Without clear guidance, founders often find themselves wondering: how can they create a genuinely positive impact without losing sight of their vision or overburdening their teams? The need for a roadmap that balances innovation with social responsibility has never been clearer.

This is why I created the Proof of Good Framework, a flexible, step-by-step guide designed to help Web3 founders prioritize public good while still building profitable, sustainable projects. The framework isn’t just a set of vague principles; it’s an adaptable yet impactful tool, crafted to meet the demands and limitations of fast-moving start-ups. Its accessibility means that founders, whether seasoned or new, can navigate it without needing a team of specialists. With the rising pressure on projects to be “good citizens” of the digital world, this framework is as timely as it is necessary.

It is truly inspiring to see the potential of Web3 unfolding. However, it is also clear that founders are facing a dual challenge: creating cutting-edge products that deliver on their promises and ensuring these products don’t replicate the very problems Web3 set out to solve. Many early projects, despite noble intentions, have unintentionally reinforced the inequalities they aimed to break down. Countless stories exist of projects that claimed to democratize access, only to end up benefiting those with deep technical knowledge or financial resources.

This is where the Proof of Good Framework makes a difference. Designed with these real challenges in mind, it provides essential guidance for founders who want to address critical issues like equity, transparency, and sustainability without losing momentum on their core goals. By framing public good as a core part of project success, the framework helps founders ensure their ventures are not just another tech trend but a lasting contribution to a better digital future.

One of the framework’s greatest strengths is its adaptability. We need to be realistic. Many start-ups operate on tight budgets and limited resources, and the Proof of Good Framework was built with these constraints in mind. Founders can choose to use it as a complete blueprint for embedding societal values into every layer of their project or adopt it gradually, using specific pillars as conversation starters that evolve over time.

At its core, the framework revolves around 11 pillars, each a key consideration that can make or break the societal value of a Web3 project. These pillars include Equity and Inclusivity, Privacy and Data Security, Environmental Sustainability, Transparent Governance, and Community Engagement. Each one addresses an area where Web3 projects have the potential to fall short or to make a real impact.

Not every project will tackle all 11 pillars from day one. Some may focus on transparency in governance or privacy first, while others might prioritize environmental impact or equity. The beauty of the Proof of Good Framework is that it provides a roadmap without being rigid. Founders can address the pillars that resonate most with their mission and gradually integrate additional areas. This flexibility allows even resource-strapped start-ups to implement positive change without feeling overwhelmed.

Moreover, for those seeking to make a strong impression on investors, partners, and community members, the framework provides an attractive proof point. By openly sharing how they’re aligning with these principles, start-ups can build branding, credibility and trust. In a space where reputations are built (and lost) quickly, that trust can be invaluable. Furthermore, it’s not just a tool for developers or executives; it’s accessible for every team member who wants to understand how their work contributes to a larger societal mission.

All in all, with the Proof of Good Framework, founders can ensure that as they innovate, they’re also contributing to the broader good. It’s more than a set of principles, it’s a call to action for all of Web3 to step up and prove that technology can, and should, be a force for positive societal transformation. Let’s get it right.

Categories
Business & Society

Oracles: A Solution to Web3’s Determinism, or Just Another Trap?

Oracles: A Solution to Web3’s Determinism, or Just Another Trap?

Is Web3 genuinely breaking new ground, or are we just recreating old systems with shinier tools? Smart contracts and oracles promise a decentralized internet that serves the people, but are they leading us toward a more equitable digital landscape—or just spinning another hype narrative? Let’s take a look.

Smart contracts, hyped as the autonomous engines of Web3, are designed to execute automatically based on pre-programmed conditions. Their deterministic nature means that they operate on strict logic: if X happens, then do Y. In theory, this efficiency can streamline processes like aid distribution, bypassing traditional red tape. But I would say they are more simple than smart.

Here’s the problem: real-world issues rarely fit neatly into “if-this-then-that” conditions. Human needs evolve, and social challenges shift unexpectedly, and rigid code rarely adapts without an external input. For example, imagine an international relief aid organization that runs smart contracts that sends aid without considering what happens in the world.

This is where I see the value of oracles. Oracles provide a feed of live, real-world data, feeding smart contracts with the context they lack. While smart contracts operate within their coded boundaries, oracles allow them to respond to changes like weather shifts, public health metrics, or even the latest local news. For example, during a natural disaster, an oracle could detect rising water levels or weather reports, relaying this data to a smart contract tasked with deploying emergency funds. The contract could then release resources in response to these conditions, making relief far more timely and responsive.

Oracles undeniably offer a solution to the limitations of (dumb) smart contracts. They create a bridge between the digital and physical worlds, allowing Web3 to feel more grounded and less robotic. In a sense, they allow technology to “listen” to our world. But we need to stay aware of the problems with oracles.

We can’t ignore the “oracle problem”—the challenge of ensuring that the data oracles provide is trustworthy. I hear concerns about manipulation: if an oracle feeds incorrect or biased data into a smart contract, the entire system could be compromised, causing harm in sensitive areas like healthcare, emergency aid, or social services.

And then there’s the question of control. If a smart contract is only as good as the data it’s fed, who controls the oracle, and who determines which sources are “truthful”? The influence of these data providers could create a new form of centralization within a system that claims to be decentralized. If we’re not careful, oracles might simply shift the problem of centralized control from one place to another, undermining Web3’s vision of true autonomy.

As much as oracles can enhance Web3’s adaptability, they don’t eliminate the need for a human-centered approach. Just as Ethereum, Solana, and other Web3 platforms flirt with decentralization yet remain controlled by a few key players, oracles could easily become another layer of the same centralization, albeit wrapped in new technical jargon. As I see it, Web3’s promise of decentralization will ring hollow if we don’t ground these technologies in human values—equity, accountability, and the public good.

It’s too easy to get swept up in the hype that every new project will “change the world.” The reality is that technology alone won’t drive societal transformation; it’s the underlying principles and governance structures that will either foster inclusivity and fairness or perpetuate the same monopolies of Web2. In fact, if we allow technology to change society, without human interaction, we will likely see the end of humanity.

We need to ask hard questions of every Web3 initiative: Who benefits? Is it primarily the investors and developers, while users remain mere participants? If so, it’s likely that these projects are more about chasing profits than transforming society. It’s worth repeating.

“While technology builds the infrastructure, human values are the blueprints for the future.”

Even as we innovate, we have to remember that a better world requires that these technologies—yes, even smart contracts—adapt over time to evolving human values. Without this adaptability, they’re just programs, not solutions.

Oracles might hold the key to breaking free from Web3's deterministic confines, yet their true potential is based on more than just technological prowess. It’s how we choose to govern and ground these innovations in genuine human values that will determine their impact. Will we stand for transparency, equity, and accountability? Or will we let profit motives lead us back to centralized control under a new costume? For Web3 to build a better world, we need more than code; we need a community ready to uphold the values that technology alone can’t encode.

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Business & Society

Web3’s Hype-Driven Promise: Following the Money or Shaping a Better World?

Is Web3 a hype train toward a better world, or are we headed back to the same Silicon Valley model? Promising to decentralize the internet and put power back into the hands of individuals, Web3 offers bold visions of a future without intermediaries. But here’s the hard truth: as exciting as Web3’s promise is, much of the industry is still following the money.

Ethereum, Solana, and Binance Smart Chain are examples of this trend. These platforms, with their innovative approaches to decentralization, are making a strong impact on the digital world. Good and bad. Ethereum’s transition to proof-of-stake is aimed at making the system more efficient and eco-friendly, while Solana boasts about its speed and low fees. But when I scratch beneath the surface, I see they’re also platforms where whales have significant control. What about Binance Smart Chain? It’s technically decentralized, but with Binance's heavy influence, it raises questions about whether it truly breaks free from the centralized model we’re trying to escape. Are we going back to Web2 Silicon Valley?

 It’s far too easy to get caught up in the hype-driven nature of Web3, where every new project promises to be a game-changer. The word revolutionary is truly clichéd.

 Here’s the problem. If we’re not careful, we’ll just be repeating the patterns of platform capitalism that turned Web2 giants like Facebook into the monopolies they are today. Without a deliberate effort to ground these platforms in human-centered values, Web3 risks becoming a new arena for the same old power dynamics—driven by profit, not by societal good.

As we race to build this new decentralized world, we need to ask ourselves: Are these projects really about creating a better world, or are they just about profit in a new form? Sure, we want profit, but the fourth industrial revolution is also about creating a better world through the use of technology.

 When we evaluate whether a Web3 project is good for the world, we need to ask the following question: Who benefits from this platform’s success? If the answer is only investors and developers, while users remain passive or marginalized, it’s likely that the project is more about following the money than transforming society.

 "Technology is a tool, but values are the architects of the future."

 Even smart contracts need to adapt to evolving values over time to contribute to a better world. Therefore, they require human oversight to truly remain 'smart.'

As I see it, the challenge for Web3 is to not let hype and profit drive its evolution. If we want this technology to truly transform society for the better, we need projects that prioritize equity, sustainability, and human-centered governance. Otherwise, Web3 risks becoming yet another chapter in the book of capitalist control, wrapped in a cover of decentralization. Maybe I’ll write it.