Cryptocurrency’s best ideas will never launch | Opinion

Key Points

1. Jeffy Yu, founder of Zerebro, faked his own death to escape harassment and blackmail, highlighting the extreme pressures faced by crypto founders.

2. The crypto industry often labels projects as scams based on market performance rather than actual fraud, creating a hostile environment for innovators.

3. Pegaxy, a crypto project co-founded by the author, experienced rapid growth and a 100x token price surge before crashing, illustrating the market's volatility and speculative nature.

4. The industry's culture of hype and rapid shifts in investor focus discourages long-term innovation and endurance, leading many founders to abandon further projects.

5. The author emphasizes the need for a more supportive environment that allows for failure and encourages repeated attempts at innovation in the crypto space.