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7 years ago in #bitcoin by lukebrn (58)
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The ICO hype made some early investors rich while the ones late to the party had to pay for it - I think a lot of projects knew they just would live on the crypto hype and they didn't look long term
It is probably a combination of greed, impulsiveness, and evolution.
The greed would come in the form of the ICOs that were all the rage, collected Millions in a very lawless manor, and then were squandered or absconded with by the teams running them.
The impulsiveness would be seen where the technicians that knew block chain well and how to create a platform technically, not really have a handle on the business or how to build a plan to survive the future and invest the money well.
Evolution would bring more players to the market with similar ideas, and just do it better (marketing, planning, core technology etc.) I mean, as much as I love the marijuana industry, how many potcoins do we really need? ;)
I had no idea the number would be so high!
For trading advice and to hire a iot specialist
Wow, 8% that’s startling, I would have never expected that much. Well see what the next few years bring.
Every project needs a combination of talents to succeed. I heard one commentator describe projects as needing a Hipster, Hacker and Hustler. Many of the early crypto products did and many current ones do not have enough of diversity in the talent pool.
Of course it comes down to your definition of success. I have no doubt that many projects are get rich quick schemes for the founders and the fact they are no longer around may indeed be a huge success for those people :)
it would be very interesting to know how many of the failed projects are still listed at any exchange around the world. And how much money was burned?
I trust a good percentage of these were scam, not even designed to succeed at all. Many others, I assume did only focus on technology and had no valid use case in real world.
A significant part might have failed because they did not focus on the creation of an actual company, which incorporates far more than just creating a token and a whitepaper.
nice post man
pls vote and sapourt my posts friends,
Can Cryptocurrency Businesses like Coinbase Compete With Wall Street Conglomerates?
https://steemit.com/binace/@rockinggameworld/can-cryptocurrency-businesses-like-coinbase-compete-with-wall-street-conglomerates
Hi lukebrn... we've started a new blog where we do daily BTC TA summaries. We cover more than 10 analysts every day! I know you'll enjoy it. I've been part of many ICO's, even some lending platform :(, and understand the high risk involved with this new tech... The projects I back these days are projects with good technology and good teams like WAN Chain. Absolutely love that team and their vision. Anyhoo..... Head on over to our blog. You'll find it informative. Cheers
https://steemit.com/@btc-hunter