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Open original source ↗Most stuff in crypto goes to zero because of adoption...
A network gets more useful as more people use it, and that usefulness pulls in the next wave of users. Persistent attention keeps that loop running long enough to matter. But we don't see that persistence in many things.
I wrote up my full thoughts on this today: why most chains die, and how to weed out the survivors. As ever, please enjoy!
https://t.co/MnJ2dXj58D
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Hundreds of chains launched last cycle and most are ghost towns today. I tested the metrics everyone uses to identify the survivors and most of them are very poor at predicting success... Wrote the full thing up: https://t.co/7UuMefNlfM
RaoulGMI ↗