Cryptocurrencies are often labeled with various tags—"shitcoins," "digital stocks,"—but these descriptions are too one-sided.

In fact, crypto is the truly unique asset class. It can create genuinely liquid tools, trade 24/7 on permissionless decentralized networks, and can survive permanently on the chain. Traditional assets cannot do these.

This design philosophy is inherently elegant. It is not limited by trading hours, does not require intermediary approval, and the value carrier is permanently preserved. This is the fundamental change brought by crypto.