Farcaster

Founders

Without the traditional structures of feedback, accountability, or the threat of failure (at least in the short term), the industry can feel bloated with mediocrity. However, some argue this phase is necessary for crypto to find its footing as the hype fades, leaving only genuinely useful, well-built solutions standing

This is a sharp observation about the current state of the crypto industry. The lack of traditional feedback loops—like consumer accountability, regulatory oversight, or imme!diate financial consequences—has indeed fostered an environment where projects can survive longer than they might in other sectors, even with subpar execution or unclear value propositions.