Regulations aren't always bad. In fact, they may open the door for more talent to emerge, further advancing the industry, argues hal2001
, creativity, energy — and capital hungry to participate. Denver recently hosted one of the largest Ethereum conferences and hackathons of the pandemic era. Over nine days in February, ETHDenver welcomed more than 12,000 people to the in-person event to share ideas, build and reveal new protocols, curate investments and socialize.
These young people, in some cases, are leaving top schools to join DeFi teams or to develop protocols and products, and there is plenty of investment capital to provide a runway for big ideas, tools and decentralized applications.Meanwhile, members of the first wave of crypto have evolved into a so-called old guard, providing stability, cautiousness and experience to help usher in projects, decentralized autonomous organizations and protocols.
There is plenty of experience and know-how in traditional technology companies that can and should help build DeFi protocols, services and systems, thereby decentralizing finance. Not everyone will be open to the risk or uncertainty of the crypto space, but that sense of risk is reducing as Web3 organizations continue to receive large investments that provide plenty of runway and breathing room to generate stability and comfort.
But true builders in crypto don’t retreat in bear markets — they thrive. A bear crypto market can be more productive, especially for teams focused on good ideas and creativity. Bull markets tend to be more consumer- or trader-centric, and the noise can often drown out or blunt meaningful progress.