Very interesting article, author analyzes the main problems in the modern world of crypto-currencies. In my opinion the most dangerous thing from listed in it is:
- ICOs that raise money, but don't deliver, a year or two after launch (often dev`s collect a lot of money in ico, but not officially announce project release date).
Topic: [2017-06-03] Why the Blockchain Needs More Failures to Succeed (Read 4129 times)
Why the Blockchain Needs More Failures to Succeed
In the world of startups, learning from failures is an inescapable reality, and part of the prevalent conventional wisdom. That is how the ecosystem and entrepreneurs move forward to greater heights, and with more successes.
But in the burgeoning blockchain segment, we haven’t seen that many failures yet. At least, not of the scale and variety required to extract long-lasting lessons for the entire industry. And certainly, not enough to warrant a call for an imminent crash or correction.
Failures are important because their sum results in a new body of knowledge that is rich with useful insights and best practices.
Read more: http://www.coindesk.com/blockchain-needs-failures-succeed/
In the world of startups, learning from failures is an inescapable reality, and part of the prevalent conventional wisdom. That is how the ecosystem and entrepreneurs move forward to greater heights, and with more successes.
But in the burgeoning blockchain segment, we haven’t seen that many failures yet. At least, not of the scale and variety required to extract long-lasting lessons for the entire industry. And certainly, not enough to warrant a call for an imminent crash or correction.
Failures are important because their sum results in a new body of knowledge that is rich with useful insights and best practices.
Read more: http://www.coindesk.com/blockchain-needs-failures-succeed/
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