Core components of AI today came from research in the 80s and it took so long for it to be generally acceptable. The same goes to Crypto as well
Sometimes, if your application is on things that require an extremely high bar to be accepted, you WILL take a lot of time
Seeing more and more people feeling disillusioned about crypto progress.
Letâs frame it this way - we are an early stage industry and thus we should be compared to other early stage industries.
Is our hit rate when it comes to putting out good companies lower than other speculative industries? I donât think thatâs true at all.
Whatâs AIâs hit rate so far at putting out profitable and durable businesses? What about tech unicorns in the 2000s?
Probably below 1%.
We are right where we supposed to be. 99% of protocols should die. But just in the last cycle we got Solana, Hyperliquid, Polymarket, Pump, Base, Ethena, Pendle and probably a few others iâm missing.
Seems to be on pace if not better.
7.49K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.