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I love it and agree. It's like this at the start of every major change that has an impact on all levels of society. Even if these tokens are failing, they exist
by xbkingx 8y ago
I love it and agree. It's like this at the start of every major change that has an impact on all levels of society. Even if these tokens are failing, they exist because they caught some unique insight into how the tech will change the world and they were able to communicate that clearly enough to get many, many investors. That they failed or were money making schemes is irrelevant because someone will see the core idea once the sector has matured and use that to build something cool and useful.
It should also be pointed out that 50% of small businesses fail within 5 years, and between 70-96% fail within 10. You'd think people so incompetent at identifying success would know when to STFU by now. "Hey, our industry is the go to source for how to run a business. Businesses have a 96% failure rate. Please continue to listen to us. Why are you laughing?"
https://www.fool.com/careers/2017/05/03/what-percentage-of-businesses-fail-in-their-first.aspx https://www.fool.com/careers/2017/05/03/what-percentage-of-b...
https://www.inc.com/bill-carmody/why-96-of-businesses-fail-within-10-years.html https://www.inc.com/bill-carmody/why-96-of-businesses-fail-w...