Why 99% of innovation is garbage

Source: Daoshuo Blockchain

1. If crypto assets soar, it will attract more and more talents to enter this field, and explosive innovative applications will appear. Is this logical?

The surge in crypto assets will definitely attract more and more people to enter this field. However, there are a lot of people like this, including talents, investors, and speculators. I doubt how many of these people can create explosive innovative applications.

I believe that the people who can really create explosive innovative applications in this field are still motivated by interest, hobbies, enthusiasm, and even a sense of mission.

This is true in almost every field.

When Jack Ma founded Alibaba, he wanted to connect China and the world and provide new business opportunities and platforms for small and medium-sized enterprises.

When Larry Page and Sergey Brin founded Google, they thought they could improve the search experience and provide more accurate search results.

When Vitalik founded Ethereum, he wanted to create a blockchain platform with Turing-complete functions.

When OpenAI was founded, it hoped to develop an artificial intelligence that would benefit all mankind before the Internet giants.

......

There are countless examples like this.

The protagonists in these examples all encountered doubt, ridicule, and confusion in their initial stages.

None of them started their dreams because the Internet, blockchain, or artificial intelligence could bring them immediate visible economic benefits in the era when they started.

They all bravely broke into the wild places that their predecessors had never set foot in because of their inner pursuits, ideals, and enthusiasm, and finally created one disruptive application after another.

2. Magic switched to zkSync second layer. Do you still think this project is good?

I really don’t understand Magic’s switch to zkSync to develop its own second-layer extension. I think it is convenient and efficient to use Arbitrum’s technology stack to make a ready-made second-layer extension.

Perhaps this project has ideas or plans that are not convenient to be made public for the time being.

This project has been performing mediocre recently, neither good nor bad. I have kept its tokens and have not sold them.

3. After seeing so many so-called innovations, 99% of them are garbage.

In fact, this phenomenon is very normal, which is the law of nature.

In any field, most projects are runners-up; in any group, most people are followers; in any ecosystem, most species are at the bottom of the food chain.

Many times, there is not much difference between finding real innovation in a bunch of projects and finding a needle in a haystack: 99% of the time, you have to taste the bitterness and swallow the bitter fruit, but when you find that needle in that 1% chance, the sense of accomplishment is something that most people will never experience in their lifetime.

If you want to taste the sense of accomplishment of standing on the top, you must bear the fear of falling into the abyss.

4. Are there any projects that can be mined at home with ordinary laptops?

In the crypto ecosystem, it is sometimes not easy to see where a project’s advantages lie, but it is sometimes easy to see where its flaws lie.

For example, the mining mentioned in this message.

If this project can be mined with an ordinary computer and the mined minerals can be sold for money, it means that there are no technical barriers and participation barriers, and everyone can participate and make money.

If such a project is not a Ponzi scheme, then it will eventually become a situation where all participants desperately buy computers to mine, and whoever has more computers can really make money---the project will become a pure capital game.

For such a project, there is no need for ordinary retail investors to participate.