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instead of trying to pull off the next scam. To clarify, my guy intended this as a general admonition unconditioned on nationality.

senttoschool 4y ago
Actually, this is specifically for Taiwan's software tech scene. I've been following it, lived in it for a few years. It's mostly crypto startups trying to pull off the next crypto scam/rug pull. It's a terrible waste of Taiwan's tech talent.
- AlchemistCamp 4y ago
  There are some crypto startups but more are in SaaS, IOT, and several other categories. For some sense of the scene, look at Taiwan Startup Stadium's tags: https://www.startupstadium.tw/startups https://www.startupstadium.tw/startups What startup were you working on here?
  - senttoschool 4y ago
    Taiwan's number of crypto startups relative to total number of tech startups is much higher than Silicon Valley's. Also, I wouldn't use one. accelerator's lineup as an example because this accelerator might not accept crypto or as many crypto startups.
    - AlchemistCamp 4y ago
      Any source for your claim?
      - senttoschool 4y ago
        Anecdote evidence while traversing through Taiwan's startup scene for a few years.
        AlchemistCamp 4y ago
        Ah, interesting. The reason I ask is because I’ve spent most of the past 7 years doing the same, and my perception has been very different. I know many of the accelerators, most my friends are startup founders or early employees and only one is focused on anything crypto-related at work (and even then, it’s tangential).
        senttoschool 4y ago
        I'm first and foremost, from Silicon Valley. I've worked in SV for many years. I understand the startups here and the types of startups here. The number of crypto startups relative to non-crypto startups in SV is much smaller than in Taiwan. That's how my perception is shaped.
        AlchemistCamp 4y ago
        I was in SF/MV from 2012-2015 and then back in California for most of 2022, so I also spent a lot of time in both places. It must come down to timing and who we each met over the past decade. YC certainly hasn’t been adverse to crypto startups: https://techcrunch.com/2022/09/07/y-combinator-crypto-investment-summer-2022/amp/ https://techcrunch.com/2022/09/07/y-combinator-crypto-invest...
        senttoschool 4y ago
        In 2021-2022, everyone was hyped about crypto. SV too. But even so, the crypto to non-crypto ratio is much lower in SV than in Taiwan (and Asia in general such as HK, Taiwan, Singapore, Thailand, Vietnam, South Korea). In general, people in SV are far more skeptical of crypto. Asia is/was doing a lot of crypto because the people and governments there perceive it as an opportunity to build their own tech communities, like Silicon Valley. They can't catch SV in traditional tech companies, so they want to jump onto the next "big thing". What the governments don't understand is how crypto is only used for exploitations. And crypto companies are notorious for overselling the use cases and "technology" of blockchain since that's how they make money: marketing before building. This is why I encourage Taiwan's tech scene to not waste talent on blockchain/crypto.
    - throwawaysalome 4y ago
      Taiwan's number of crypto startups relative to total is much higher Such a statement can't be robust or meaningful. Nationwide measures see what they want to see. But for argument's sake, what if crypto were replaced with any other mechanism for zero-sum wealth transfer including casino gaming, stock brokerage, or even video games? Many would exclude video games since they ostensibly entertain, but so does gambling and financial speculation.

senttoschool 4y ago

Actually, this is specifically for Taiwan's software tech scene. I've been following it, lived in it for a few years. It's mostly crypto startups trying to pull off the next crypto scam/rug pull. It's a terrible waste of Taiwan's tech talent.

AlchemistCamp 4y ago
There are some crypto startups but more are in SaaS, IOT, and several other categories. For some sense of the scene, look at Taiwan Startup Stadium's tags: https://www.startupstadium.tw/startups https://www.startupstadium.tw/startups What startup were you working on here?
- senttoschool 4y ago
  Taiwan's number of crypto startups relative to total number of tech startups is much higher than Silicon Valley's. Also, I wouldn't use one. accelerator's lineup as an example because this accelerator might not accept crypto or as many crypto startups.
  - AlchemistCamp 4y ago
    Any source for your claim?
    - senttoschool 4y ago
      Anecdote evidence while traversing through Taiwan's startup scene for a few years.
      - AlchemistCamp 4y ago
        Ah, interesting. The reason I ask is because I’ve spent most of the past 7 years doing the same, and my perception has been very different. I know many of the accelerators, most my friends are startup founders or early employees and only one is focused on anything crypto-related at work (and even then, it’s tangential).
        senttoschool 4y ago
        I'm first and foremost, from Silicon Valley. I've worked in SV for many years. I understand the startups here and the types of startups here. The number of crypto startups relative to non-crypto startups in SV is much smaller than in Taiwan. That's how my perception is shaped.
        AlchemistCamp 4y ago
        I was in SF/MV from 2012-2015 and then back in California for most of 2022, so I also spent a lot of time in both places. It must come down to timing and who we each met over the past decade. YC certainly hasn’t been adverse to crypto startups: https://techcrunch.com/2022/09/07/y-combinator-crypto-investment-summer-2022/amp/ https://techcrunch.com/2022/09/07/y-combinator-crypto-invest...
        senttoschool 4y ago
        In 2021-2022, everyone was hyped about crypto. SV too. But even so, the crypto to non-crypto ratio is much lower in SV than in Taiwan (and Asia in general such as HK, Taiwan, Singapore, Thailand, Vietnam, South Korea). In general, people in SV are far more skeptical of crypto. Asia is/was doing a lot of crypto because the people and governments there perceive it as an opportunity to build their own tech communities, like Silicon Valley. They can't catch SV in traditional tech companies, so they want to jump onto the next "big thing". What the governments don't understand is how crypto is only used for exploitations. And crypto companies are notorious for overselling the use cases and "technology" of blockchain since that's how they make money: marketing before building. This is why I encourage Taiwan's tech scene to not waste talent on blockchain/crypto.
  - throwawaysalome 4y ago
    Taiwan's number of crypto startups relative to total is much higher Such a statement can't be robust or meaningful. Nationwide measures see what they want to see. But for argument's sake, what if crypto were replaced with any other mechanism for zero-sum wealth transfer including casino gaming, stock brokerage, or even video games? Many would exclude video games since they ostensibly entertain, but so does gambling and financial speculation.