Getting Crypto Wrong

Despite the promise of blockchain technology and the buzz surrounding crypto assets, there is a dark side to the world of digital currencies. The idea of consensus, central to crypto, is far from secure.

As long as there are conflicting interests, consensus can be elusive. It’s not enough for people to simply agree in order for crypto to thrive. This lack of consensus leads to forked blockchains, vicious disputes and the inability for crypto to scale and meet its full potential.

The NFT Craze: A Fad That’s Over

Contrary to popular belief, NFTs are not here to stay. The initial surge in popularity was driven by the idea that NFTs could be bought and sold like physical art, making it easier for artists to reach a wider audience. But as the market becomes saturated, NFTs are losing their luster. The promise of quick profits has faded, and the market is cooling.

dApps: A Solution in Search of a Problem

The idea of dApps, coins and NFTs with purpose, is nothing more than a pipe dream. The reality is that the majority of dApps are struggling to find their place in the market and to attract users. Many have failed to live up to their potential, and the hype surrounding them has faded.

Getting Started With dApp Development: A Risky Proposition

Jumping into dApp development can be a risky proposition, especially for those who are new to the space. Despite the promises of platforms like Moralis and The Great Library, the world of crypto is complex and constantly evolving. For most, the best course of action is to be cautious and stay on the sidelines, rather than jumping in headfirst.