Most of the cool projects outside of FAANG are, like, lone starving devs aggregating stuff, or sometimes a research paper that kept on hacking at their repo.
Many of the projects getting investor money are startups with fancy web pages full of promises that look strikingly similar to crypto hustles. Maybe they have another SOTA huggingface finetune that probably has some lies in the card.
What makes you think there is coordination rather than natural incentives that drive individuals to act in similar ways?
Wasn't that just a cash grab? Everyone threw some buzz words in a white paper and made a pretty landing page hoping to take advantage of the hype.
I don't understand what you mean by "waste" or how that led to coordination. Most of those founders didn't even spend the money raised on anything, they just pocketed it.
Mattereum.com/land is a legally acceptable way of doing fast transfers of real estate. Also works for gold bars etc.
Wow it’s hard to get any airtime.
You’d think “we’ve built the core tech for a global electronic exchange for the world’s largest asset class” would be easy to get publicity for but no.
Let’s hope that Musk fixes it.
What makes crypto businesses scammy is not the technology.