$BTC That’s it—now even when telling stories, you have to turn in homework.
a16z recently posted saying that the crypto industry has entered an era where seeing is believing; you can’t just paint a rosy picture—you need to provide real data, on-chain records, and third-party endorsements. It sounds especially positive and energizing, urging everyone to build diligently.
But I think there’s a problem with that.
Think about it carefully: who most needs to emphasize “seeing is believing”? Is it those who truly have real products, or those who need to use new standards to filter out competitors?
Big institutions have money, resources, and legal teams. They can make compliance materials look impeccable and bring in a whole stack of third-party endorsements. What about small teams? Maybe their products are innovative, but they don’t have money to hire audit firms, and they don’t have connections to get traditional institutions to back them.
Source | Wu Blockchain
a16z recently posted saying that the crypto industry has entered an era where seeing is believing; you can’t just paint a rosy picture—you need to provide real data, on-chain records, and third-party endorsements. It sounds especially positive and energizing, urging everyone to build diligently.
But I think there’s a problem with that.
Think about it carefully: who most needs to emphasize “seeing is believing”? Is it those who truly have real products, or those who need to use new standards to filter out competitors?
Big institutions have money, resources, and legal teams. They can make compliance materials look impeccable and bring in a whole stack of third-party endorsements. What about small teams? Maybe their products are innovative, but they don’t have money to hire audit firms, and they don’t have connections to get traditional institutions to back them.
Source | Wu Blockchain