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BULLISH ERA👻👻
@bullcycle
Why Projects With No Product Raise More Money: A Simple Game Theory Explanation The piece explains how crypto projects without products often raise more money due to game theory incentives that reward hype over substance > “The less real your product is, the more money you can raise” > Reality limits valuation, working products expose hard facts like actual user numbers and real technical limitations which are usually disappointing > The potential value of a whitepaper-only project on the other hand is limited only by your imagination and how much your audience is willing to believe.👇 Source: https://x.com/therosieum/status/1908478053988065462
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