Congressional hearing

I recently watched the congressional hearing about crypto regulation and wow .... Some statements that were made by one particular witness were nothing short of outright lies. Clearly, the person has no knowledge whatsoever of the technology they are talking about, but do however have incredible prejudices against our community. "They (90% of the crypto projects) misappropriate customer funds"

I really believe someone prominent in the community like Vitalik should explain the real state of the networks and the concepts of decentralisation. I believe understanding crypto right now for the average Joe is like reading the terms of service of Instagram or some other data mining app. The latter has already hurt people's trust a lot.

We need to stand up against the misinformation and AT LEAST create some easy to follow videos and/or articles that explain decentralisation and what is really going on like an ELI5 version of Lex and Vitalik's conversation. The way to fight misinformation is to put information in words understandable by all.

This information needs to come from the community otherwise we get the voices that are assigned to us like Kevin O'Leary. No offense to Kevin O'Leary. He is an accomplished human. However, it's not difficult to see that he doesn't quite understand the tech. He does understand the potential and I suspect greed does the rest.

One silver lining has come out of the FTX fiasco. People are listening. It is our responsibility to speak our message lest we get lost in the debate between technologically challenged "leaders" and highly opinionated prejudiced "experts".