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.
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Crypto Quiet Quitting
- Many crypto enthusiasts are less engaged due to decreased belief in crypto's potential.
- This quiet quitting stems from a disillusionment with projects' ability to solve real-world problems.
Past Crypto Optimism
- From 2017 to 2022, the crypto market saw significant investment based on the promise of solving real-world problems.
- Developments like DeFi, NFTs, stablecoins, and Axie Infinity fueled optimism, alongside Bitcoin's rising price and adoption by influential figures.
Disillusionment and Inertia
- Despite past optimism, many crypto projects lacked real value, leading to disillusionment.
- This realization has caused many to leave, while others remain less motivated but financially tied to the space.