Bitcoin Global News (BGN)
December 13, 2018 -- ADVFN Crypto NewsWire -- Was this year really
a success for the blockchain industry? Some, like James Greaves who
published a piece for Coindesk today on the subject, have stated
quite the opposite.
Whatever your industry
affiliations, several reasonable factors lead to them having a
strong case for doing so. With Greaves’ article, we can see what
these might be, as well as his ideas on how to make 2019 a better
year for crypto and the blockchain alike.
Central to his argument is
the suggestion that we should not rely on white papers anymore,
especially in the context of choosing which projects to invest in.
Instead, Greaves appears to counsel that we turn our attention to
whether these companies can produce real alpha versions of their
products, before they attempt to raise capital. While he is not the
first one to make this suggestion, his voice might be one of the
loudest, given that his article was given a top spot on Coindesk’s
front page today.
Furthermore, beyond suggesting that
we do away with white papers, he makes several other
recommendations that anyone would do well to listen to, given that
he is the founder of a blockchain project.
These include: foundational
blockchain projects that create base layers for new technologies
should take precedence over those that look too far ahead,
blockchain advisors should become non-existent, and companies that
deliver Minimum Viable Products should acquire those that cannot
seem to do so.
To all of this, he also adds that
we should do away with most blockchain conferences. If you have
attended some of these events, this idea might not be shocking to
you at all. Somehow, conferences seem to have lost their focus on
community-driven development and turned towards rampant speculative
opportunities instead, arguably to draw in a different
audience.
In the end, Greaves’ article is
sound in articulating its’ ideas on what is going wrong. What’s
missing is how to begin fixing these issues. As we take our first
steps into 2019, one idea might be to reflect on who we are
catering our blockchain projects and even our blockchain news
to.
Are we, as an industry, truly
seeking widespread adoption or have we fallen prey to the promise
of a quick profit? Are focusing on building or just holding our
assets for the moon?
By: BGN Editorial Staff