100 Hard Crypto Questions


  1. What exact efforts are we making to help developing/bankrupting countries to adopt cryptocurrency today? Can we build mobile cryptobanking branches?

  2. How do we make sure public have wider access to the truth and best advice on bitcoin and other cryptocurrencies at any time locally?

  3. Are people aware of crypto learning options? Are people interested in learning about cryptobanking options?

  4. How can we help people see the potential of decentralised economy without having to wait for prices to increase again?


Banks are positioned well to hold cryptocurrency for their clients.
People do mistakes and these companies are experienced custodians with retail networks. Also they have big atomic vaults which are useful when it comes to securing a part of our digital cryptocurrency private seed key.

However,  in a decentralised economy their service and product mix will need to change quite a bit.

One of the main function of banks is to provide credit to qualified borrowers. This is a privilege and function granted to them by central banks' licence once they obtain it.

But, for example, with Ether and MakerDAO people are now able to issue themselves with their own collateralised loan, no questions asked. And if you need more than you have standard collateral, then there will be decentralised credit scoring, just like the one by Bloom.

Using banks' vaults to secure a part of our private key won't be a necessity neither. You will be able to use distributed, decentralised and server-less digital custody apps just like Vault12

As a result, if banks want to stay relevant they will have to evolve with the open-source movement.

a) They can build and coordinate development of open-source crypto-wallets to maintain their consumer brand.

b) They can offer advising services to their clients on crypto-economy.

c) They can physically secure part of client's private seed (recovery) key(s) and offer premium services by automatic distribution to more physical locations and option of safety nets.

c) They can be building trust in their brand and supported distributed ledgers by running reliable nodes and miners for their clients - as an investment and to secure their monetary network of choice.

But that's about it.

Or no?


  1. Are mining rewards going to replace the transaction and account monthly fees for the banks? These are practically the same fees - for running and maintaining the network.

  2. Have banks actively started working on their transition to "cryptobanks"?
    Anyone can do mining now.

    To become a bank, one doesn't need an expensive building anymore.

    Bitcoin and other cryptocurrencies will do to banks industry what Airbnb has done to hotels - it will bring a distributed competition of people.


The decentralised economy of communities will need to be coordinated in a similar hierarchical manner as the one of sovereign states.
Communities will be identified by their own blockchains with own code of values and beliefs and will want to exchange goods and services with communities of other blockchains who have their own unique sets of own values and beliefs.
Interoperability is inevitable.
Groups of representatives will need to be established to agree on and oversight the terms of interoperability.
Solid governance models are, therefore, needed for any distributed decentralised project to successfully interoperate with others and thrive.


  1. Given how much is the blockchain space fragmented, are we paying interoperability rules enough attention?
    Where is the public debate on them?

  2. Decentralised communities will also need to be interoperable with the centralised world institutions for any foreseeable future.
    Do we need to establish shadowing institutions so we can have a productive dialog on equal levels?


  1. Are we having an open, sincere and wide enough dialog with current centralised institutions about how we can start decentralising?
    The invention can't be undone.

  2. Are we working out the transition?
    Those that will transition fast will benefit most. It's kind of like an early arrival to America...


  1. Are we uniting and coordinating our transition efforts?

  2. If the general goal is to eventually "unbank" everyone on Earth, where is the decentralised:
    a) open think-tanks
    b) world council
    c) and a local teams working on unbanking?

  3. The current monetary system has it's own international financial institutions such as IMF or BIS with treasuries financed by member states.
    Who are the "member states" in decentralised economy? The crypto communities? Do they have an accountable representation?

Accountability of DAOs

  1. What if a DAO on a blockchain A) commits a crime or an injustice to a DAO on a blockchain B)?

    a) Who is going to hold A) accountable? A centralised or decentralised institution?
    b) Who is accountable within the DAO A)? Everyone who voted in favour of the proposal? Whole way down the delegation tree? Or jus the delegates?

    These seems like a particularly hard questions.

Rewards for accountability

  1. If stakeholders are rewarded for their staking, how are delegated representatives rewarded for accountably acting as a board of directors?

Retail getting REKT

  1. How are we making sure that public doesn't get all rekt by "smart money" and algo-trading bots? Everyone who get's burned takes time to recover.

  2. When the next correction and bull market comes, how are we going to prevent the next wave of suicidal thoughts and people hurting themselves by
    a) unwise investing
    b) overtrading
    c) bad risk and money management?

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