My great-grandfather, Siegfried Seelenfreund, a Jewish 桂林快3平台, fled Krakow for Tonga in the early 20th century. He built a life, a business. Then, the Holocaust. His story, and the inheritance my family lost because of it, fuels my passion for building wealth and legacy in the Web3 space. Today I live in Vaini, Tonga, his former stomping grounds. It's personal.

Web3 isn't just about memes and moonshots. It’s as much about using time-tested principles to do the right thing in a new frontier. Principles that, not coincidentally, I’ve observed as being foundational to the long-term economic success of the Jewish diaspora. Sounds crazy? Maybe. But stick with me.

I’m not referring to fortune of fate or some nefarious scheme. I'm talking about a mindset. A skillset. And a framework for navigating uncertainty. Steven Silbiger’s The Jewish Phenomenon lays out seven primary reasons for Jewish economic success. Of course, let’s take a look at how these might apply to the wild west of Web3.

Portable Wealth Knowledge Is Power

Jews of all times knew the value of portable wealth – culture, education, abilities, stuff that you couldn’t necessarily seize in an instant. This isn't just about physical assets. It's about intellectual capital.

In Web3, this means getting comfortable with blockchain tech, crypto wallets, smart contracts, DeFi protocols. It’s not just about learning to code, learning to analyze on-chain data, learning to operate in this woefully complex regulatory environment. When disaster does strike, the more you know, the better prepared—and more resilient—you are. In Web3, knowledge is your key. Your crypto wallet.

Consider this: how many "crypto gurus" are actually builders? How many can explain the underlying technology? Continue that investment in yourself, instead of the next hyped coin.

Community Support DAOs Are The New Kehillah

Without question, the Jewish community had been from the beginning, this powerful support system. From interest-free loans to mentorship, community is everything.

Web3 offers a digital analogue: DAOs (Decentralized Autonomous Organizations). DAOs have the potential to be incredibly powerful tools for pooling resources, sharing knowledge, and leveraging collective support.

Imagine a DAO that was specifically designed to uplift Pacific Islander entrepreneurship in the Web3 ecosystem. It would function exactly as the Pasifika Web3 Tech Hub that I established. Now imagine that a community-funded initiative is able to provide that same seed capital, along with mentorship and access to other resources. That's the power of community in Web3.

Professionalism Web3 Demands Excellence

Jewish culture emphasizes professionalism and entrepreneurship. A hunger, a desperation to succeed, to create something worthwhile.

Web3 demands professionalism. Slapdash projects fail. Rug pulls happen. Reputation matters.

  • Coding Skills: Highly sought after.
  • Marketing Expertise: Vital for project adoption.
  • Legal Acumen: Navigating the regulatory maze is crucial.
  • Community Management: Building and nurturing a strong community is essential.

Approach your Web3 efforts like the business you are. Don't cut corners. Invest in quality.

Verbal Confidence Ideas Need To Be Heard

Communication is key. Being able to communicate your vision in a clear and compelling way is key.

Web3 is all about community. It’s about convening, collaboration, persuasion, and being a champion for the vision you crave.

If you can't clearly explain your project, clearly articulate its value proposition, you'll struggle to gain traction. Develop your communication skills. Practice your pitch. Be confident in your voice.

Selective Extravagance Frugality Is Essential

Jewish tradition teaches us to be intentional with our spending. It calls for strong investments in education, family and community while encouraging thrift in other sectors.

In Web3, that means being good stewards of our financial resources. Don't blow your capital on Lambos. Continue to invest in multilingual and multi-modal education, regular security audits, and building community ties.

Use DeFi tools to manage your finances. Explore blockchain-based payment solutions to reduce fees. Be prudent with your resources.

Individuality Question Everything

A tradition of dissent, questioning authority, and independent thought have long been hallmarks of Jewish culture.

Web3 is all about questioning authority. And it’s about more than just decentralization, disrupting the status quo, or empowering the individual.

Don't blindly follow the crowd. Do your own research. Challenge the status quo. Think for yourself.

Drive To Succeed Prove The Doubters Wrong

This psychological drive to prove yourself, which is often stoked by the experience of being an outsider, turns out to be a much more powerful motivator.

Web3 is full of outsiders. People challenging the established financial system. People building a new future.

Use that drive to fuel your success. Prove the doubters wrong. Build something meaningful.

The incalculable loss my family experienced during the Holocaust has always been a stark lesson of how tenuous prosperity can be. It emphasizes the need for us to create the most enduring legacy possible. In short, Web3 is an incredible opportunity for Pacific Islanders. It’s empowering them and anyone who has been made to feel like an outsider to participate in the global economy and create a better future for them and their families, right from their ancestral homeland. This funding will be more than just dollars; it needs to be empowerment.

Proverbs 13:22 says, "A good man leaves an inheritance to his children's children..." Let’s create that legacy, not just with what we have always done, but with how we can do it better using new technology. It’s high time to seize the promise of Web3, made and maintained by the hands of ages-old, rudimentary rules.