Discover and read the best of Twitter Threads about #cryptonetwork
Most recents (4)
A prolonged bear market is the best thing #crypto could've asked for to expose projects that never planned to deliver in the first place.
The fumes of exchange listings, prominent partnerships, and events + conference appearances will only carry a #cryptonetwork so far.
The only way to survive over the long haul is to build things people use, and if you have a #cryptoasset, making sure the demand-side and/or supply-side relies on it to access/provision the service.
Now that #crypto is lush with cash and talent, focused execution will separate the wheat from the chaff.
Users, developers and investors will only wait so long. Being a few months behind schedule is tolerable, but beyond that eyes start to wander to better executing alternatives.
Those alternatives then gain mindshare, creating a self-reinforcing cycle as user, developer and investor momentum builds. If the prior leader continues to not execute, this momentum can achieve escape velocity where the prior leader becomes the alternative and vice-versa.
In #crypto there is a straightforward avenue to supply creating its own demand.
By initially doling out the money to the supply side for providing the good or service that the #cryptonetwork specializes in, there is then organic liquidity in the asset *and* the service, which the demand side can participate in.
Whenever a supply sider transacts the cryptoasset they earned, they are then contributing to the GDP of that #cryptoeconomy.
1/ In 2017, the consensus structure to manage cryptoassets was a hedge fund. In 2018, we will see a trend of crypto-specific venture capital funds.
2/ We are seeing this already, with many of the prominent crypto hedge funds moving to raise venture capital funds— a good thing for the industry.
3/ Venture funds have committed capital (e.g., @placeholdervc’s is 10 years), which shields the fund from redemptions, providing more stable capital & allowing the managers to focus on helping the crypto-entrepreneurs.
