Aman Dhesi
@aman
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?
11 replies
0 recast
0 reaction
Tayyab - d/acc
@tayyab
Yes. Open source does have a known business model, see Red Hat. But, it’s time for crypto to go back to its roots. Open source, open state, tokens to distribute value and gain traction. Provide utility by network. There will be closed-source convenience layers. And I think that’s ok.
1 reply
0 recast
0 reaction
Aman Dhesi
@aman
Generally traction = speculation, in a zero interest rate environment that works because numba go up. Products and services that people would pay for remain scarce
1 reply
0 recast
0 reaction
