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Discussion on: How I lost 1 year of life doing failed crypto startup

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brianmcbride profile image
Brian McBride

Thanks for sharing. Unforunatly, it's a story that a lot of others have experienced as well in their on context. I am sure all you learned in this journey will help you years to come.

That was also a tough market to jump into. Cryptocurrenty is a solution to a problem that most people don't have. Same with blockchain in general. The ideas presented by it sound cool - but the actual use cases that would convince the average consumer to adopt it over their bank ATM card is pretty low. It's like building a VR headset but not allowing any games or adult content... a cool idea that lacks a compelling reason to buy into it.

It's a write up though. Hopefully others can take some of your learnings and make their own journey better. It is good that you're still inventing too. Again, it's going to be a lot of work in that blockchain space. A lot of technical issues and through processes to work out before wide-spread adoption.

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_pthomann profile image
Przemysław Thomann Author

Cryptocurrencies as a unique kind of digital money (especially Bitcoin) is I believe one topic which for many people, even countries (Africa) is really problem solutions. And in fact I focus on searching opportunity in payments (with bittery.io which is early mvp).

The blockchain related ideas are mostly not solving any real problems. These ideas very often completely redefine the thing like let's say DeFi as a decentralized banking. More futurism and ideology than business in it IMAO (currently). But I know it and now understand it better. And I think that in my case - I like it - to be a part of something what is rather movement than business opportunity.