When Crypto Developers Get Stuck in the Bottom: A Parable of Treasures Without a Future
Imagine a gardener who is only busy planting seeds, but forgets to water them. He works diligently, digs the soil, sows the seeds, and then walks away. "I've done my job," he says, "the growing is nature's responsibility." However, when the season passes and there is no harvest, he blames the weather, not himself.
So it is with some crypto developers. They focus on the foundation: creating tokens, setting up the blockchain system, or building the initial community. But after that, they're hands-off and leave everything to the whims of the market, as if visions of the future are irrelevant.
A Sturdy, But Empty Foundation
Crypto is like a house. A strong foundation is essential, but a house without walls, a roof, and decorations is just a bunch of rocks. Some crypto projects are built on the promise of revolutionary technology, but lack a plan to deal with future needs. They think about the basics, such as "how will this token be released?" but forget about long-term questions, such as:
What will make this project relevant 10 years from now?
How will users continue to utilize this technology?
What if the market changes?
Parable of the Endless Road
An explorer embarks on a journey to a city of gold that he has heard about through rumors. He carries enough provisions for a 3-day journey, even though the distance is 10 days. When his provisions ran out on the way, he was stranded in the desert, losing his way. The same is true for crypto projects without a long-term vision. While they initially attract investors and users, they eventually lose their competitive edge due to lack of innovation and sustainability.
Domino effect without control
Crypto projects without a vision create a domino effect. When one stone falls, the project loses trust. Without trust, its token value drops. When the value drops, the community disbands. In the end, all that remains is a name without substance.
Lessons for Developers
Being a crypto developer is not just about creating tokens or building a platform, it's also about building a long story. A vision is like a song - there should be a compelling beginning, a strong middle, and a beautiful ending. Developers need to think about a vibrant ecosystem, continuous innovation, and financial sustainability.
Like a gardener who must water and tend to his plants, a crypto developer must keep his project thriving, ensuring it doesn't just become a seed planted in dead soil.
What's the point of creating a beginning if the end is nothing?
The article titled "When Crypto Developers Get Stuck in the Bottom: A Parable of Treasures Without a Future" uses metaphors to illustrate challenges faced by crypto developers in creating sustainable projects. Here are the main concepts covered in the piece:
Summary of Key Points:
The Gardener's Metaphor: The article begins with a parable about a gardener who plants seeds but neglects to tend to them, drawing a parallel to crypto developers who build the foundational aspects of their projects but fail to nurture them for long-term growth. This ultimately leads to failure when the project doesn't produce results.
Foundation vs. Structure: The text emphasizes that while a strong foundation (like a well-designed blockchain or token) is crucial, it's insufficient without further development, akin to a house lacking walls and a roof. Developers must plan beyond just launching their projects; they need to consider long-term relevance and user engagement.
The Explorer's Journey: Another metaphor describes an explorer who sets off on a journey to find a city of gold but runs out of provisions and gets stranded. This reflects the fate of crypto projects that may start strong but lack a clear, sustained vision and strategy for future growth.
Domino Effect: The discussion points out that projects without a strong vision can create a domino effect of failure. When one aspect goes wrong, such as a loss of trust or token value, it can lead to a complete breakdown of the project and community.
Lessons for Developers: The article calls on crypto developers to recognize their role in building not just a product, but a long-term vision. It stresses the need for continuous innovation, a vibrant ecosystem, and strategic planning to ensure financial sustainability.
The Gardener's Responsibility: Lastly, it reiterates the importance of ongoing engagement and maintenance—just as a gardener must water and nurture their plants, developers must actively manage and develop their projects to avoid stagnation.
Conclusion
The piece serves as a cautionary tale for crypto developers, highlighting the necessity of having a forward-looking vision and a commitment to nurturing and evolving their projects. It urges them to think not only about immediate goals but also about the long-term sustainability and success of their initiatives.
If you have further questions or need clarification on specific points from the article, feel free to ask!