Top 3 Reasons Why Crypto Projects Fail and How to Find the Good Ones!
<p>The crypto industry was born over a decade ago as a corollary to the Bitcoin thesis.</p>
<p>Bitcoin solved the decentralization of money. For the first time in history, we have a hard monetary instrument with no natural issuer, working on a global, secure, decentralized, and permissionless digital network.</p>
<p>Bitcoin showed that tools and applications fundamental to human flourishing — such as money — do not need to be in control of any particular entity or authority. It showed that humans may gain sovereignty over essential elements of our socio-political and economic interactions.</p>
<p>Why is that important?</p>
<p>Because history shows that power corrupts, and entities that gain control over critical resources amass too much of it to remain sane.</p>
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<p><strong>Were we to succeed in decentralizing something as strategic and coveted as money, why stop there? Why not do the same with other essential applications?</strong></p>
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<p>That is the fundamental proposition of the original crypto ethos and the question that got me interested in this space. However worthy the proposition may have been, things didn’t play out in the best possible way.</p>
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