The cryptocurrency industry needs to start following builders — not divas made famous by social media.
Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences.
But even as SBF’s influence grew, it seemed he just couldn’t resist shitposting, regularly engaging with other Twitter users who threw stones. At our company offsite this week with all the drama happening. Debating who is the bigger villain in crypto:c) Su Zhu - $3.5b loss from borrowersBut, the leaders of failed platforms aren’t the only ones guilty of social media braggadocio.
There are many, many more tweeters who have used online spectacle and trolling as a means of controlling the industry conversation. Think Ben Armstrong and Jim Cramer, to name just a couple more. There’s a small army of them. And, even though many are purged in each
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