So many crypto companies are building 100% commodity open source technology with no clear business model.

Funded by a glut of VC $$ chasing hot narratives funded by LPs with nowhere else to invest thanks to the money printer going brrrr.

What happens when the money dries up? Does it all come crashing down?

co-founder stelo.com. theoretical cs phd dropout. into math, music, ml, macro, markets, surfing, writing amandhesi.net

Comes crashing down and poisons public perception of people actually building 

https://warpcast.com/pdr/0xd18c9e

“Good casts: eclectic, quirky, witty” - @botornot

Reread your cast, and realized that I misunderstood it.

I thought that you meant “So many crypto companies are building [atop] 100% commodity open source technology with no clear business model.“

1/2

wdy mean by actually building? the people building open-source biz-model-less stuff are not actually building?