The crypto industry must prioritize long-term value creation over short-term speculation to ensure sustainable growth, according to a recent opinion piece by Jocy at IOSGVC. The article highlights the importance of building a robust ecosystem that supports public goods, infrastructure, and talent development, drawing a contrast between the U.S. and Chinese crypto landscapes. While U.S. industry veterans reinvest in foundational elements, the Chinese crypto scene risks being dominated by short-term speculative activities, potentially leading to talent loss and stagnation.
The piece uses Warren Buffett's metaphor of not letting a cathedral be consumed by a casino to emphasize the need for a value-driven approach. It argues that without systemic feedback mechanisms and value-driven investments, the crypto industry could devolve into a zero-sum game, deterring those who aim to create genuine value. The call to action is clear: to avoid being undermined by short-termism, the industry must foster a positive feedback ecosystem through strategic investments and public goods development.
Crypto Industry Urged to Focus on Long-Term Value Creation
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