Inside JaiChai's Head: Life in the Crypto Space...

For many reasons, a business can lose foundational focus; forgetting that ultimately, it's the end users (customers) that make it possible for the business to exist in the first place.

Think of it.

(Owners should Think hard).

A business with little to no customers and lacking any significant, liquid assets will find it impossible attracting and securing growth capital.

And depending on reserves (akin to financial immunity), death of a business can happen as suddenly as a heart attack; or painfully slow, like terminal cancer.

Sure, they can try to "sell the farm to eat for a day". But let's face it, in the real world, even the most predatory vulture capitalists avoid that kind of carrion.

Lastly, I must address the elephant in the room: "Orchestrated Insolvency"

"Orchestrated Insolvency" (aka "Rug Pulls", scams, con games, etc.) are as prevalent as they are just plain despicably evil.

Out of a thousand rug pulls, maybe - just maybe one or two perpetrators actually get caught and prosecuted.

And with notable exceptions like MtGox, the endless sea of victims are rarely made whole.

The usual outcome?

An angry, pitchfork armed mass of people with empty or inaccessible account wallets; or even worse, completely dumbfounded and still clutching their bags of worthless shitcoins.

What a shame. What a shame, indeed!

Submitted for you to ponder in a quiet place.

May you and yours be well and loving life today.

In Lak'ech,

JaiChai