I was watching something on youtube recently that brought back memories of the early days of the internet and the campaign to discredit it (it will bring smut directly into your home... it will be all over in 5 years..) and now I see HN users glee with the failure of fellow engineers and entrepreneurs and the same campaign (it's a scam, it will bring drugs directly into your home...).
The bear market has been brutal and some very good teams were caught off guard because they lack to experience and know-how to balance a treasury or keep a startup alive. Many of us here are also equally unqualified to succeed though.
In the aftermath of the 99 crash, Amazon shares were trading for a few dollars and so were many other companies that today are huge monopolies. I believe that many of the blockchain native companies that survive this crash likely have the same growth.
The bear market has been brutal and some very good teams were caught off guard because they lack to experience and know-how to balance a treasury or keep a startup alive. Many of us here are also equally unqualified to succeed though.
In the aftermath of the 99 crash, Amazon shares were trading for a few dollars and so were many other companies that today are huge monopolies. I believe that many of the blockchain native companies that survive this crash likely have the same growth.