What are Crypto Communities and How to Join One 

Prison Professors Masterclass Digital Economy: Lesson 12: Binance BNB

Be cautious of risks, but enjoy the benefits of shared knowledge and support. #CryptoCommunity #PrisonProfessors #MichaelGSantos

Lesson 35: What are Crypto Communities and How to Join One

Lesson Intro:

The world’s largest crypto exchange, Binance, entered into a collaboration agreement with our nonprofit, the Prison Professors Charitable Corporation. With this collaboration, we’re able to provide justice-impacted people with a great resource they can use to learn about cryptocurrency, decentralized finance (DeFi), Web3.0, Artificial Intelligence, and other topics that relate to the digital economy. The agreement is part of our nonprofit’s ongoing efforts to help people prepare for success after prison.

Some people have access to our videos, others do not. If a staff member in your prison will authorize videos, invite them to contact Prison Professors for information on how we can send DVDs with additional educational materials to help people learn–and potentially an in-person presentation in your facility.

Each lesson includes critical thinking questions and a glossary. We encourage participants to use these lessons, and to memorialize their learning path by building a profile on Prison Professors Talent. More information on how to build a personal profile at the end of this workbook.

35. Why Does Bitcoin Have Value


The crypto and blockchain world can be intimidating for those wanting to start their journey. The ever-evolving nature of blockchain and the sheer amount of information often overwhelm beginners. Finding a community of like-minded people can be a great way to get you started in the crypto space.


Web3 is a term describing the next iteration of the World Wide Web. It differs from its predecessor, Web2, as it’s built on fundamental principles of decentralization, trustless collaboration, censorship resistance, and ownership. Web3 applications allow users to interact or exchange data without the need for intermediaries.

While we aren’t exactly living in a Web3 world quite yet, there’s a community of people that are aiming to make that happen. Developers, investors, influencers, and other crypto enthusiasts have been working on a variety of Web3 projects, from infrastructure to decentralized apps (DApps).

What Is a Crypto Community?

Crypto communities are composed of people who are passionate about crypto. Community members could bond over their love for NFTs, DeFi, Layer 2 solutions, and all things crypto-related.

Crypto communities are essential for sharing knowledge, and blockchains like Bitcoin, BNB Chain, and Ethereum typically have their own communities. Relatively technical concepts, such as mining or Proof of Work (PoW), have become common knowledge thanks to the efforts of these crypto communities in creating more accessible information. Through their collective advancement of knowledge and education, crypto communities have proven to be a significant driving force for the blockchain industry.

Due to the borderless nature of crypto, communities often exist online and communicate through discussion forums, chat rooms, and social media. For example, the crypto Twitter community is a niche group of investors, developers, companies, and influencers, each championing their own crypto cause on the platform.

Benefits of Joining a Crypto Community

Staying updated

Joining a crypto community is an excellent way to stay updated on new trends, technologies, concepts, products, and tools. This allows you to make more informed decisions and participate in time-sensitive events.

Finding a mentor

Throughout your research, have you ever encountered complex technical papers or Web3 publications? Being in a community of developers, crypto entrepreneurs, and other experts can help make certain topics easier to understand and research.

Gaining an edge

As part of an active community, you are given an edge by having access to the latest information that is yet to be widely known. You can gain insight into developing trends and learn from people with similar experiences. Additionally, a community’s collective wisdom can help you make better decisions, network with other professionals, and stay updated on industry developments.

Customer service

Some communities have official administrators and managers. Rather than struggle alone, investors can receive direct feedback and assistance from members and administrators alike.

Starting a business

Informal conversations between community members could be the driving force behind new innovations. You can share business insights, discuss opinions, and exchange information through casual chats. Within a community, you might even find your future team members or business partners.

Sense of belonging

Are you team Layer 1 or Layer 2? Do you have a favorite NFT artist? Even if you’re the only crypto nerd in your friend circle, you’re bound to find others like you.

How to Join a Crypto Community

Explore projects and forums

As mentioned above, most projects and blockchains have their own established communities. To be part of the action, visit their websites or socials – including Telegram, Twitter, Discord, or Facebook. Alternatively, if you’re entering the crypto space alone with no specific community in mind, Reddit could also be a place to start. Reddit is an online forum where crypto enthusiasts can read crypto news, view user-submitted analyses, and participate in discussions. Some of the crypto communities on Reddit include /r/bitcoin, /r/btc, /r/binance, and /r/cryptocurrency.

Be vocal

Engaging in online conversations with others through the comments section of relevant crypto posts can be an easy way to find like-minded people. Share your opinions and interests; start engaging in discussions and activities.

Enroll in classes

Look for a Web3 course that interests you. Online or offline, the classroom can be a great place to start meaningful discussions about Web3 and form new connections. 


Attending a blockchain or crypto-related meetup, participating in an online discussion forum, or joining a social media group are great ways to connect with knowledgeable people. Some blockchain events facilitate networking parties, business matchmaking, and AMAs. Participating in these can help you gain exposure and meet new community members.

Contribute to a project or cause

Find a community that thrives on participating in the development of crypto. The blockchain ecosystem is collaborative by nature – its tenets of borderlessness, open-source, decentralization, and trustlessness all help to foster collaboration. 

Many projects in the crypto space adopt an open-source approach, where the source code used to build their technology is available to the public and can be modified to a degree. This allows community members to provide solutions and innovations faster.

One such community is GitHub, an online platform that facilitates collaboration between developers and users. It allows developers to share code and work together on open-source projects. Users can also discuss ideas, give feedback, and offer assistance. Platforms like GitHub also organize events such as hackathons and meetings to promote community involvement.

It’s also not uncommon for projects to launch incentive-based events called bounty programs to encourage people to contribute to their growth.

What Are the Risks in Crypto Communities?

Like any other online community, crypto communities come with their own risks. One of the main risks associated with crypto communities is the potential for fraud. As mentioned, communities are often open to anyone. This means that scammers and bots can join the group.

For example, you may receive a direct message from someone claiming to be a group admin. Do take extra care to verify that this is not a scammer trying to get your money. Scammers may try to get your personal information or private keys through a malicious link or other types of cryptocurrency scams.

There is also the risk that the community will differ from what you initially expected. For example, the community may be based solely on hype to drive up token prices. This can create a culture of greed and speculation that may differ greatly from the original reason you joined the community.

Similarly, crypto communities can be filled with misinformation, making it difficult to separate facts. Therefore, be careful when making investment decisions based on community conversations.


Depending on your interests and experience, there are many ways to join a crypto community. Whether pursuing a personal financial goal, a new business venture, or an unfamiliar topic to learn, having a community to collaborate with can be helpful. Share insights, form a network of like-minded individuals, and grow from each others’ mistakes. You could even find your future business team! From bouncing ideas off each other to providing moral support, having people to help you is crucial for success.

Further Reading

Disclaimer and Risk Warning: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance Academy is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Critical Thinking Questions

  1. How can decentralization and trustlessness in blockchain technology help promote fairness and transparency in various industries? Can you think of any potential drawbacks to these principles?
  2. In what ways can being part of a crypto community benefit individuals seeking to start a business or learn about new technologies? What are some strategies to mitigate the risks of misinformation and fraud within these communities?
  3. Consider the principles of Web3, such as ownership and censorship resistance. How might these principles change the way we interact with the internet and digital platforms?
  4. What are the potential social and economic impacts of widespread adoption of cryptocurrencies and blockchain technology? How could these impacts affect both individuals and communities?
  5. How does the collaborative nature of blockchain projects, such as those on platforms like GitHub, enhance innovation and development? Can you identify any challenges that might arise from this open-source approach?

Advocacy Initiative:

We encourage participants to begin memorializing the ways they are using time in prison to prepare for success upon release. I encourage participants to create a personal profile by:

  1. Writing a simple biography
  2. Writing a daily journal to show all that you’re learning
  3. Writing book reports that memorialize the books you read
  4. Writing a release plan to show the ways you’re preparing for success upon release

These strategies helped me immensely once I got out. By using my time wisely inside, I was able to raise capital, build businesses, and succeed in ways that few people would think are possible for someone who served multiple decades in prison. Anyone can do the same—if they prepare first.

If you’d like to follow in the same footsteps, I encourage you to begin building your personal profile. Get started by sending an email message to our team at:

Prison Professors Talent
[email protected]
32565 Golden Lantern, B-1026
Dana Point, CA 92629

Our interns will accept your email invite. You may then send the interns a message such as:

Dear Interns,  

My name is xxx, and I am in prison. I would like to begin showing the strategies I am using to prepare for success upon release. Please send me a Release Plan Workbook, and any other books that will help me prepare for the job market. After receiving those workbooks, I will begin building my profile to show others how I am using my time inside to prepare for success outside.  



  • AMAs (noun): Ask Me Anything sessions, often held online where experts answer questions from the public.
  • Blockchains (noun): Digital ledgers that record transactions across many computers in such a way that the registered transactions cannot be altered retroactively.
  • Collaboration (noun): The action of working with someone to produce or create something.
  • Communities (noun): Groups of people with a common interest or characteristic, especially within the crypto and blockchain space.
  • Concepts (noun): Abstract ideas or general notions that occur in the mind, in speech, or in thought.
  • Decentralization (noun): The distribution of power away from a central authority, often used in the context of blockchain technology.
  • Developers (noun): Individuals or companies that create and maintain software or applications, particularly in the context of Web3 and blockchain technologies.
  • Discussion (noun): The action or process of talking about something to reach a decision or to exchange ideas.
  • Entrepreneurs (noun): People who organize and operate a business or businesses, taking on financial risks to do so.
  • Incentives (noun): Something that motivates or encourages someone to do something, often used in the context of crypto communities to encourage participation.
  • Innovations (noun): New methods, ideas, or products introduced to improve something.
  • Intermediaries (noun): Individuals or businesses that act as a mediator between two parties, often eliminated in Web3 applications.
  • Misinformation (noun): False or inaccurate information, especially that which is deliberately intended to deceive.
  • Ownership (noun): The act, state, or right of possessing something, often referred to in Web3 as a key principle.
  • Proof of Work (PoW) (noun): A consensus mechanism used in blockchain technology that requires participants to solve complex mathematical problems to validate transactions.
  • Scammers (noun): People who deceive others, especially for personal gain in the context of crypto communities.
  • Technologies (noun): The application of scientific knowledge for practical purposes, especially in industry and computing.
  • Transparency (noun): The quality of being done in an open way without secrets, crucial in the context of blockchain and crypto communities.
  • Trustlessness (noun): A characteristic of a system where participants do not need to trust each other or a third party, often associated with blockchain technology.
  • Web3 (noun): The third generation of internet services for websites and applications that will focus on using a machine-based understanding of data to provide a data-driven and semantic web.

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