The Breakdown cover image

The Breakdown

Crypto's Pervasive Quiet Quitting

Sep 7, 2024
Explore the growing disillusionment in the crypto community as engagement wanes despite lingering ties to the industry. Discover how the Permissionless conference is shaping resilience amid regulatory challenges and workplace culture shifts. Learn about the current crypto landscape, where investing during downturns can prove beneficial, and gain insights into the parallels with the 1990s internet boom. Finally, assess the future of altcoins within this evolving market.
13:02

Podcast summary created with Snipd AI

Quick takeaways

  • The rise of 'quiet quitting' in crypto highlights a significant decline in enthusiasm due to unmet project promises and real-world applications.
  • Regulatory changes under new political leadership could revitalize the crypto landscape by enhancing legitimacy and fostering innovative value-driven token structures.

Deep dives

The Rise of Pervasive Quiet Quitting in Crypto

The concept of 'quiet quitting' has gained traction in the crypto space, reflecting a significant decline in enthusiasm among community members. Many participants are becoming disengaged, primarily due to a growing perception that crypto projects are failing to deliver on their promised potential to address real-world issues. This trend marks a departure from the optimism of previous years, where beliefs in projects like DeFi and NFTs generated excitement and investment. The current atmosphere is characterized by a stark realization that, despite the market growth, many projects lack viability and fail to fulfill their initial promises.

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