crypto is beautiful

People come into crypto to make what they think will be easy money. A modest proposal perhaps but completely wrong. Crypto is the most competitive tech space on the face of the planet outside of AI foundation models, albeit in an entirely different way. In crypto there are incredibly well entrenched incumbents, retail that is far more discerning than you think, and hackers that will target your project relentlessly. Product market fit is as rare if not moreso than traditional technology, and you are building for a set of needs that are defined by an entirely new asset class. It can be mind bendingly hard to forecast what works vs. what doesn't.

Internet Capital Markets you say as a Web2.0 entrepeneur. I say go ahead and launch that token and watch it trend swiftly to zero. You may yearn for the days of being a private company and being able to hide temporary failure; there is no hiding in the public markets of crypto. This is the entire point; iron sharpens iron, and only the strongest survive on the frontier. The markets are 24/7 and there are no time outs. Ask yourself, can you handle this? In my experience, not many entrepreneurs have that type of motion.

The flip side is that if you stick around, build something with enduring PMF, and generates earnings, there is greenfield, and you will garner a multiple an order of magnitude higher than public markets. You can wield your token incentives like a sword, use the power of smart contracts to reduce costs, and scale globally with the speed only possible with networks. We used crypto to build the worlds largest money (BTC), the worlds largest computer (ETH), and many other products (stablecoins, DeFi) that are incredibly compelling. I believe all of these use cases will 10x in the near future, and many new use cases (Energy) will emerge.