The Crypto World’s Pressure on Founders
Recently, Jeffy Yu, the creator of Zerebro (ZEREBRO), staged his own death. His wallet moved afterward, sparking confusion. Thankfully, it was a hoax. Jeffy wanted to escape harassment and blackmail. While this act was extreme, it highlights a common issue in crypto.
Crypto is unpredictable. Projects can vanish overnight. Founders frequently enough feel the urge to disappear due to intense pressure. Even when they build with good intentions, a bad chart can label them as scammers.This isn’t about one person; it’s about the harsh surroundings we’ve created. We claim to reward risk but punish mistakes harshly. People are reduced to token prices, and failure is seen as fraud. this culture discourages innovation.
Take Pegaxy, a game I co-founded in 2021. It gained popularity quickly. We launched our token at a low valuation for organic growth. The market, however, pushed it to 100x returns. Suddenly, the focus shifted from the project to the token price. When the price dropped, I went from hero to villain. Not because of fraud,but due to market speculation. When success becomes a liability, founders face immense pressure. The market’s focus on token prices overshadows actual progress.
Failure isn’t always fraud. yet, we often assume bad intent. This mindset deters new ideas. Young founders fear the cycle of hype,hate,and exhaustion. Talent isn’t the issue; endurance is.
- Founders face extreme pressure in crypto.
- Success can become a liability.
- Failure is often misinterpreted as fraud.
How do founders survive? They build mental resilience. They disconnect from negative comments. They focus on silent progress.For me, it’s about rejection training and taking breaks. The crypto space needs to change. We must separate market fluctuations from moral wrongdoing. Only then can we foster genuine innovation.
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The Crypto Culture’s Impact on Founders and Products
The crypto world can be unforgiving. Early in my career, I faced rejection daily. but nothing prepared me for the intense backlash in this space. When a group decides your company is worthless, staying focused becomes tough.
This harsh culture hurts more than just founders. It also distorts products. Teams design for appeasement, not real users. They cater to the loudest holders rather of genuine users. This leads to products that fail to satisfy anyone.
We’re losing more than just people. We’re losing the core purpose. teams build to please critics, not users. This creates products that fail.We need to change this.
It’s not just about founders. It’s about the products too. Many communities focus on extracting value, not sustaining it. This results in ineffective solutions. we must support those who fail but learn. Not everyone who fails is a bad actor. We need to allow for second chances. Crypto needs a culture that encourages experimentation, not exile. We must differentiate between genuine builders and grifters.Let’s create an environment where builders can keep trying. Crypto should reward persistence, not punish it.
Instead of banishing every failed experiment, let’s foster a culture of learning. we need to back those who genuinely want to innovate. By doing so, we’ll foster real progress.
Let’s make room for second acts.Not every failure is a fraud.by embracing this mindset,we can build something truly valuable. Encouraging retries will lead to better outcomes. let’s shift the focus to real innovation.
For crypto to thrive, we must support those who genuinely aim to create. By doing so, we’ll see real progress. Crypto needs a culture that values real builders. This shift will lead to meaningful advancements. Let’s prioritize builders over critics. This approach will drive real change. we need a culture that sustains, not just extracts. This shift will bring lasting success. We must support those who try and fail. This will drive meaningful growth.We need a culture that sustains, not just extract.This will ensure a brighter future for the industry. We need a culture that values real builders. This will help us build what truly matters.
