William Mougayar
The Bitcoin Ecosystem is Fragile: Beware of the Next Crash
Mougayar is a serial entrepreneur (over 30 years of experience) with a lot of investing experience. He blogs frequently on various business topics at startupmanagment.org.
Key Points:
- Bitcoin startups could bubble and pop in the same way internet startups did.
- Crowd sales/pre-mines/pre-sakes are too risky.
- Startups: Be responsible. under-hype and over-deliver
- Investors: fund dreams, not lies
- Consumers: be educated and follow those who have done diligence
- Media: research, research, research. Know the space before you publish.
- Everyone: Be careful.
Mougayar's Conclusion:
Be wise. Don't get caught up in unreasonable hype. Don't invest in products that don't exist. Work hard to build great things and educate others.
Takeaway:
As in all things, remain level headed. The crypto world is one in which it is easy to get caught up on an awesome new idea or technology that isn't really something we can make happen yet. In all aspects of our lives and careers we need to do out best to be informed and not get carried away by ideas that don't have any substance.
Take care. This isn't a gold rush, but there will be a few gems to be found in due time.
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