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#762 Winning and Losing Millions with Nathaniel Eliason
Tropical MBA: Entrepreneurship & Founder Lifestyle
Crypto Copycat
The crypto space often sees legitimate innovations, such as Bitcoin and Ethereum, generating significant interest and financial inflow, leading to a wave of copycat projects. As new ideas garner attention and success, imitators emerge, striving to capitalize on the original concept, targeting those who feel they missed out. This trend escalates to the point where some copycat projects forego even basic user interfaces, resorting to minimalistic approaches like linking directly to smart contracts on Ethereum, without any functional websites. Despite such precarious setups, users engage with these projects, illustrating the absurdity and speculative nature of the crypto market during peak farming periods.
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