We see a lot of noise out there. The headlines talk about all the major companies entering the space. We see validation by big business pertaining to ideas that were put forth by crypto. However, we have to keep in mind the early days can be a wild ride.
In this video I discuss how we need to separate the hype from what is truly unfolding. This is going to be a difficult situation in the next few years since there is so much speculation. That said, if we are smart, we can start to see where things are going. This means picking out the projects that have an opportunity to succeed long term.
▶️ 3Speak
It makes me wonder how many projects will survive all the volatility in the markets. PolyCUB isn't doing so well even though it's the first week and I saw that someone dumped a whole ton of CUB on the market too. Will most of the Defi projects end up failing or will they still be around in the future? It just seems like there are flaws in the system and we might need to wait for a Defi 3.0
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How is POLYCUB not doing well?
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Well, most of the APRs seem to be linked more to the price of PolyCUB. I have noticed that I am getting less and less xPolyCUB and the rate it is going up also isn't going up as fast. It seems to be slowing down as people don't seem to be that excited either and I wonder if the deflation will affect the liquidity in the farms.
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It appears that the current market price of POLYCUB is perceived as the same as the project itself.
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In regards to the lambasting, it takes courage and dedication to talk about this stuff, because it is so far out of the mainstream understanding. I remember reading your posts before Hive, and they were way, way out there beyond what anybody that I knew of was saying about our future and our potential. My part is bringing it down, down, down to a very unextraordinary level of understanding for the average person on reddit or tiktok who are complaining about the hopelessness of our position in the system, the 9 to 5 jobs, the housing market. I take your visionary work and the technicalities that you describe and metabolize them and give them to people outside of here in a way that they can understand when they're ready to hear it. I'm out there planting seeds.
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BEER.Summary:
In this video, Taskmaster discusses the importance of distinguishing hype from reality in the world of cryptocurrency and blockchain projects. Drawing parallels to the early days of the internet and the dot-com era, he emphasizes the chaotic nature of the current decentralized projects landscape. Taskmaster shares insights on the potential of various technologies like NFTs, DeFi, and DAOs, highlighting the need for innovative developments and experimentation in these fields. He encourages viewers to engage in projects actively, provide support, and stay vigilant in navigating the evolving crypto space.
Detailed Article:
Taskmaster begins by addressing the challenge of navigating the vast and diverse array of projects in the cryptocurrency space and the importance of discerning between hype and genuine progress. Drawing parallels to the early days of the internet and dot-com era, he points out the similarities in the chaos and complexity of the current decentralized projects landscape.
He acknowledges that while many projects may fail or turn out to be scams, there is potential for legitimate innovations and developments to emerge over time. Taskmaster emphasizes the need for experimentation and innovation in technologies like NFTs, DeFi, and DAOs, noting that while some projects may not succeed initially, they pave the way for future advancements.
Taskmaster underscores the role of community involvement and support in driving the success of cryptocurrency projects. He mentions the importance of actively participating in various ways, such as providing feedback, promoting projects, and educating others about key concepts related to blockchain technology.
Furthermore, Taskmaster reflects on his experience with making predictions about the growth of tokens and blockchain technologies, highlighting the rapid evolution of the cryptocurrency space. He stresses the significance of conducting due diligence, staying informed, and adapting to changes in the industry to capitalize on opportunities while navigating through the hype and uncertainties.
In conclusion, Taskmaster encourages viewers to remain engaged and vigilant in the cryptocurrency space, emphasizing the potential for significant technological advancements and financial rewards for those actively involved in supporting and developing blockchain projects.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.