When people focus upon markets, they tend to miss simply business building ideas.
Within the cryptocurrency industry, the fascination with price is a cancer that has hindered the progress from almost the start. This is something that leads almost all involved to concern themselves with green candles and mooning. It distracts from the true nation of change, building.
Over the years, a lot have come and gone. We see people talking about markets, bulls and bears, as well as when things will turn around. These are the ones who have no interest in building anything. While they might discuss it, the reality is they only want market activity.
Mind you, there is nothing wrong with markets. These are very important for global trade and commerce. However, without builders, what do you have? Nothing but hyp.
This is the situation that crypto finds itself in.
Services
Let us take a quick list.
- Amazon
- Spotify
- Netflix
- Hulu
- Google search
- ChatGPT
- Well Fargo
- TD Ameritrade
- Wikipedia
What does this list have in common?
These are all services that are provides AND people can use. When people log onto the Internet, they can go to these pages, receiving some type of service. Some of it is financial, information, or communications. Whatever the sector, there is something being offered.
What do we have within cryptocurrency? Think of the services that are offered in Web3. Let us get a list.
Just what I thought.
We are heard pressed to find anything. Here is where the industry is shooting itself in the foot.
Time For Builders
Business people think much differently than market participants. They look at things from the customer perspective.
This means surveying the market to find something that is not being provided yet could be in demand. It, naturally, extends into products also. Whatever is being offered, people have their needs filled.
What needs are being filled within crypto? Other than the quest for riches, tell me what solutions we have come up with?
Going back to the participants, the challenge is we have a ratio of maybe 95/5. Only about 5% of the people are building anything. The rest are simply looking to get the quick hits that come with speculation. If the ratio was reversed, we might see massive progress.
Unfortunately, this is where we stand.
Crypto is in desperate need of entrepreneurs and business builders. These are the type of people who actually drive an economy. If we want to see the economies on these networks take off, services are needed. This is what is offered out to the public.
It is also what garners attention. Social media is filled with people trying to pump their token and get people to buy it. Instead, it would be more effective to promote a service that people can utilize.
Here is where we arrive at a crossroads. The reason why so many believe crypto will fail is because there are few services offered. If that is the case, people cannot see how any of this is tied to the "next generation Internet".
Perhaps it is time people start taking a different approach.
Article by @taskmaster4450le
Posted Using InLeo Alpha
This is what I think Hive needs to do in general. I'm not saying we should get rid of the rewards pool like some people, but we need to bring new users with the promise of something besides rewards. Let the rewards just be the icing on the cake.
Congratulations @lbi-token! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 9750 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: