Ten Aspirational Goals for the Future Development of Cryptocurrencies: Achieving Anonymous Payments, Sharing Protocol Revenues...
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Ten Aspirational Goals for the Future Development of Cryptocurrencies: Achieving Anonymous Payments, Sharing Protocol Revenues...
Cryptocurrencies have the potential to drive the digitization and decentralization of global finance in the future.
Navigating Web3 tides with focused insightsAuthor: Ignas | DeFi
Translation: Baicai Blockchain
Cryptocurrency has made remarkable progress over the past decade, evolving from Bitcoin's inception to today’s diverse digital asset ecosystem. Currently, cryptocurrencies not only play a significant role in investment and trading but are also gradually integrating into finance, technology, and society at large—evident in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), and the broad application of blockchain technology. However, with increasingly defined regulatory policies and continuous technological advancements, the future development of cryptocurrency will face new challenges and opportunities. In the future, cryptocurrencies are expected to coexist with traditional financial systems within safer and more compliant environments, further driving the digitization and decentralization of global finance. Meanwhile, innovations in privacy protection, self-sovereign identity, and smart contracts will empower individuals and enterprises alike, shaping a fairer and more transparent digital economy.
X (formerly Twitter) user @DefiIgnas shared his top ten wishes for what he’d like to achieve using cryptocurrency, hoping to inspire developers to turn these ideas into reality:
1) Use my on-chain stock portfolio as collateral to borrow funds.
Imagine using a tokenized version of an S&P 500 index within a DeFi lending protocol.
2) Send stablecoin payments from my primary wallet without revealing my wallet address or holdings.
In short: anonymous payments.
3) Automatically and programmatically earn yield by holding a protocol’s token.
This sounds simple, but few protocols have implemented fee-sharing mechanisms.
4) Use protocols, not blockchains.
When I lend USDC, it shouldn’t matter which chain my deposit is on. Liquidity should be unified across all chains, not fragmented.
Never need token approvals again.
5) Use my BTC as collateral to borrow stablecoins or fiat in an immutable and decentralized manner.
Additionally, issue native USDC or USDT on Bitcoin as RuneTokens.
6) Securely transfer assets from my non-custodial wallets to my family after my death.
7) Enable blog, YouTube, or X (Twitter) subscribers to pay via cryptocurrency.
By the way, Subst*ck may soon support this feature through Stripe’s stablecoin payments.
8) Self-sovereign identity: Verify my identity on any Web2 service without undergoing KYC or risking exposure of private data.
For example, I upload my KYC data and store a verifiable “proof” on-chain, without storing the actual data itself.
9) Smart legal contracts: Sign, store, and transfer all government and private agreements with tamper-proof identity verification.
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Real estate purchase/rental agreements
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Vehicle transactions, insurance policies
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Certifications and diplomas
Say goodbye to lost paper documents.
10) Gradually replace venture capital with growing Venture DAOs.
Venture DAOs come with built-in communities and user bases, whereas traditional VCs are often funded by non-crypto natives.
Currently, Venture DAOs face disadvantages due to their transparency and public operations compared to the opaque nature of traditional venture capital.
Finally, what’s on your crypto wishlist? Share your thoughts in the comments.
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Ignas | DeFi Research
