Why the Blockchain Needs More Failures to Succeed

in #bitcoin7 years ago

 William Mougayar is the author of "The Business Blockchain" and a  board advisor to, and investor in, various blockchain projects and  startups (see disclosures). Tired of scams? In this opinion piece, Mougayar argues that more failures are what's needed to take blockchain technology to the next level

 In the world of startups, learning from failures is an inescapable  reality, and part of the prevalent conventional wisdom. That is how the  ecosystem and entrepreneurs move forward to greater heights, and with  more successes. But in the burgeoning blockchain  segment, we haven’t seen that many failures yet. At least, not of the  scale and variety required to extract long-lasting lessons for the  entire industry. And certainly, not enough to warrant a call for an  imminent crash or correction. 

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Nice article! Everything needs to go threw tough times in order to eventually succeed and get stronger. Patience is the name of the game

Completely agree...for a new system it is very important to taste failures since that is the best way to lay a solid foundation for future.

Nice article!By the way,I have upvoted your post,can you upvote my new post? Thanks

This post has been ranked within the top 50 most undervalued posts in the first half of Jun 04. We estimate that this post is undervalued by $16.41 as compared to a scenario in which every voter had an equal say.

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