“From Libertarian Idealist to Crypto Realist”
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Chan’s confession also traces his personal journey: once a starry-eyed libertarian, inspired by Ayn Rand and Bitcoin’s cypherpunk ethos, he grew disillusioned after eight years in crypto. He says the Layer 1 boom “literally torched everyone’s money” chasing the next Solana, leaving him convinced that the industry prioritizes gambling over building real financial infrastructure.
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Classic evolution: ideology meets market reality, and pragmatism wins.
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Crypto keeps reshaping beliefs — idealism rarely survives real-world friction.