Lisk CEO, Max Kordek says many cryptocurrencies out there are just ‘coins,’ circulating in a dead network solving no problem.
“I can't speak for every cryptocurrency but many never had any bigger goal, target market, or use in mind,” he said via email. “However, even projects with a great vision have problems (failure rate for regular startups is about 90%. In the Blockchain industry this number is probably bigger). I think the biggest mistake everyone has is to solve everything at once and trying to implement dozens of different features. It's a marathon. I don't think within the next 12-18 months we will see major adoption cycles. It takes time to build the foundation, then it takes time to build a good product, then it takes time to design a great UX, and maybe then you can expect hundred of thousands of users. Not before. So staying in the game for a long time and being consistent. This is key for me.”
“I can't speak for every cryptocurrency but many never had any bigger goal, target market, or use in mind,” he said via email. “However, even projects with a great vision have problems (failure rate for regular startups is about 90%. In the Blockchain industry this number is probably bigger). I think the biggest mistake everyone has is to solve everything at once and trying to implement dozens of different features. It's a marathon. I don't think within the next 12-18 months we will see major adoption cycles. It takes time to build the foundation, then it takes time to build a good product, then it takes time to design a great UX, and maybe then you can expect hundred of thousands of users. Not before. So staying in the game for a long time and being consistent. This is key for me.”
Nice post but it does not reflect on the price. There is no buyer confidence in LSK now that there is a whale who put big sell walls discouraging the buyers. If this keeps up for months then expect to see more dumping and price falls. Also no one really knows who the whale is or what his motives are and that makes him really dangerous.
The only thing that is dangerous is your thinking taking up all of your energy. It is quite simple, he had the coins from the start and there has been a couple of move ups and he hasn't sold many if any. Quite clearly a believer in LISK and the future price as well. This time he showed his might was after the mini pump even though he had the coins on there weeks in advance. You mini pimps are putting to much thought into something really simple. EVERY SINGLE COIN HAS WHALES HIS SIZE AND BIGGER. If you don't like it, be the bitch you are and sell, end of story.
