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The incentives for building a crypto product with real intentions of bringing a product to people vs. writing a whitepaper for fundraising are alarming. Beside
by phaser 9y ago
The incentives for building a crypto product with real intentions of bringing a product to people vs. writing a whitepaper for fundraising are alarming.
Besides the rising fees (which can be mitigated with added protocol layers like lightning) the real problem is people understanding cryptocurrencies as investment. "Crypto investors" and people hoping to get rich quick who don't understand the fundamental philosophy of Bitcoin/Crypto are strangling innovation by adding "noise" attention to whatever developers like us "signal" are making.
Personally, I hope the bubble bursts, everyone lose their money and we go back to the original community of people building stuff, who see cryptocurrency as a technology, not an "investment". If Bitcoin drops to $1, I will still write software for it and won't miss the 'craze' factor.