I say this as a builder who already had to pivot 4 times, the projects are either scams, gambling or killed by regulation.
Its not possible to have a legit ethical legal business in the ecosystem. Builders build then they realize the projects have no future and move on.
I like self-custody but thats about the most interesting use-case it delivers, everything else seems to revolve around zero-sum games.
Saying we are still early is a meme for the pyramid scheme.
The core issue with these companies may be that they're disconnected from users' actual needs, driven only by investors' and speculators' forecasts of what might eventually monetize.
But if they had built something people pay for, they wouldn't need to follow hype cycles, right? So maybe the problem—more than short cycles—could be companies not building something people actually need.
If they had something legal that people would pay for in itself, why would they need cryptocurrency?
gipp•3mo ago
salkahfi•3mo ago
wmf•3mo ago