Can you explain what ‘crypto natives’ are?

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7 months ago

I’ve recently come across the term ‘crypto natives’ in a few discussions here and online. I understand that it’s related to the digital and crypto space, but I don’t grasp the full meaning of this phrase. It seems to come up particularly often in the context of cryptocurrency investments and new digital technologies in the financial spectrum.

Could anyone elaborate on what ‘crypto natives’ means? For instance, does it refer to people who work in the cryptocurrency industry, or is it more a label given to those who were early adopters of cryptocurrency? Is there anything specific about the skills or knowledge that ‘crypto natives’ possess? Understanding the depth of this term might help me to make sense of these discussions better.

Answers:

1 Votes
7 months ago

‘Crypto natives’ is a term that broadly refers to individuals or entities who are deeply ingrained in the cryptocurrency and blockchain technology sphere. It’s not limited to a specific type of activities; for example, it doesn’t only refer to people who work in the cryptocurrency industry or those who were early adopters of cryptocurrency. Rather, it’s a more general term to denote those who operate primarily in the realm of cryptocurrencies and blockchain technologies. This could include developers, traders, investors, and even companies that primarily deal with cryptocurrencies as a significant part of their business.

The term actually represents a certain awareness, understanding, and proficiency in the cryptocurrency space. This knowledge comes from being part of the evolution of cryptocurrency and the blockchain, understanding its intricacies, and keeping up to date with trends, technology advancements, techniques, and strategies. ‘Crypto natives’ usually have a profound understanding of elements like decentralized finance (DeFi), initial coin offerings (ICOs), token economics, and the unique attributes of various cryptocurrencies, like being fungible or non-fungible tokens for example.

Being a ‘crypto native’ also often implies a mindset that welcomes and embraces the philosophy and core values associated with cryptocurrencies, including decentralization, transparency, security, immutability, and financial inclusivity. They are often seen as advocates for the wider adoption of cryptocurrencies as a means of value transfer and storage, and promoters of the novel financial systems and business models which blockchain technology can facilitate. In a nutshell, ‘crypto natives’ are people who are effectiveness-able in the language of crypto and ingrained in its culture.

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