The importance of converting speculators into users
tonysheng.substack.com
I don’t like talking about price. Discourse around price is largely driven by speculators (who I have been dismissive of in the past) that make it noisy, misleading, and distracting for projects and believers with longer time horizons. But price has an unquestionable impact on the composition of individual cryptonetworks and the crypto industry as a whole. Trying to understand how to build and manage cryptonetworks without modeling for price would be like building a plane without considering wind because it’s more “pure” to focus only on the mechanics and physics of the plane in a vacuum.
The importance of converting speculators into users
The importance of converting speculators into…
The importance of converting speculators into users
I don’t like talking about price. Discourse around price is largely driven by speculators (who I have been dismissive of in the past) that make it noisy, misleading, and distracting for projects and believers with longer time horizons. But price has an unquestionable impact on the composition of individual cryptonetworks and the crypto industry as a whole. Trying to understand how to build and manage cryptonetworks without modeling for price would be like building a plane without considering wind because it’s more “pure” to focus only on the mechanics and physics of the plane in a vacuum.