If you don't discover and develop your talent, you will tempted to do this

[Outhue]

Bitcoiners businesses you said? I think it's every businesses, people like do same business as others when they noticed that you are making a lot of money, and this is because we have highest population of people who thinks like this, so it's not a country thing but almost everywhere in the world.aling a financial decision is what millions of people can't do, they would rather listen to what others tell them to do or just copy the same thing that their friends or neighbours are doing to make money,  

[iv4n]

If you don't discover and develop your talent, you will tempted to rush into Bitcoiners businesses because of money

...

One of the most important one I want to touch on today is the issue of less creative or talent-less people rushing to do similar businesses of the talented/creative ones, simply because of money.  

So you think that everyone has the same abilities and we all start from the same position? And that everyone can simply find their own unique role? You are generalizing too much... things don't work that way.

We don't have equal abilities, and for sure, we don't have equal chances... And you wrote it like it's wrong to invest in Bitcoin. Why? There are a bunch of us without some special talent, and some invested in BTC early on... even that is some kind of talent & courage, to see what's good and give it a try.

[michellee]

That will not be easy, those people just follow others or the trend. Many people see something that explode and popular so they follow to sell the same product or modification product but they don't have original idea.

So that is normal people build a business because of money because they are in need of the money so they willing doing many things even doing bad things. If you want builds your business, you must search for the original things, ideas, creativities that will be unique, different than others.

Don't tempting with the popular or the trend because that will change following the time. If you can finds the original ideas and people needs that, they will becomes your loyal customers.

[kingstep]

The only time it may be OK to do similar businesses is if the original businesses aren't living up to expectation such as delivering good quality products/services. Or if the original are becoming too crowded, congested, slow and overwhelming to the owners. Or their products/services have become unaffordable or more expensive due to low supply and high demand

You must not start up a business or venture into something no one has ever done in the past. why wait till you come up with a fresh idea when you can still copy what is working and work on improving it to suit your personality and the present demand. even when working with an existing business, you can still make use of your skills and talents and it will even help position you in a unique place.

Start up is not all that easy and certainly require an high level of experience and exposure that often times you will get from working with others or even some people. you have to in addition to your talent go for what works and work on leveraging things that are at your disposal.

[el kaka22]

So you think that everyone has the same abilities and we all start from the same position? And that everyone can simply find their own unique role? You are generalizing too much... things don't work that way.

We don't have equal abilities, and for sure, we don't have equal chances... And you wrote it like it's wrong to invest in Bitcoin. Why? There are a bunch of us without some special talent, and some invested in BTC early on... even that is some kind of talent & courage, to see what's good and give it a try.

It's the opportunities that is the hardest one. Because humanity can't afford to give every child the same opportunities, it is not even about "good schools vs bad schools" because there are plenty of schools which was built to make sure only the rich people's kids go to, and education there is horrible, in the literal "learn chemistry and math" kind of way, it's only built to make sure they educate leaders.

Hence, they do not learn math or geography, they learn about people management, and that is done by wasting time building connections, and this way rich kids, grow up with rich kids, but they stay stupid on things that matter. So the opportunities part matters a lot and even if you are rich, send your kid to somewhere they can learn.

[YellowSwap]

OP, just know there many people have discovered their talent in the past years and today they are still struggling to make names for themselves, don't forget that they aren't the only ones, they have challengers as well.

To invent something new this day is not for the fainted hearts, and some even come up with new innovation and it still doesn't work out the way they expected, this life is far shallowing than many people think.

Just because you are doing everything right doesn't mean that greatness is waiting for you, everything can still bring you nothing, what I would rather advice others is not to live a life where they are restricted to do what they want to do.

Go all out and do what you want with wholeheartedly, either you will pass or fail it is still better than not trying at all.

[coinrifft]

If you don't discover and develop your talent, you will tempted to rush into Bitcoiners businesses because of money

I don't know about this premise though, as far as I know, those who invested on crypto are those individuals that have at least study jobs or have businesses that started to make money for them, hence they have discretionary funds at their disposal.

But before they became successful, obviously they might have undergone several processes in their lives. Like going to school and learning something that's why they have a good job. In that case, then they already developed their talent thru learnings.

And I doubt that those on what you call haven't discover their talents, meaning, they don't have stable job and doesn't make money, then I don't think they have something to invest in Bitcoin as we need capital here.

[Porfirii]

Where do you live? Surrounded by people whose only issue is where to invest?
The people not being able to save 100 satoshis are the biggest group in this world.

This is so funny
Your question was indeed needed
The OP’s argument is kinda flawed unless he is referring to “being involved in fraudulent activities with bitcoin”.
Being in the wrong environment with the wrong sets of people is generally not advisable because economically the individual will not grow.
Skill development in the area of one’s passion and interest is the ultimate hack for getting off the streets and being economically free.

Although I agree with your idea in general, I think it was not the intention of the OP to focus on that aspect in this topic. On the contrary, I think it refers to the fact that most, instead of creating something for themselves based on their skills and passion, they simply see what has worked for others and copy them, potentially generating competition that ruins the original project, at the cost of getting a few benefits for those who copy.

In my years of experience in this world, I have seen on many occasions how someone has a good idea, starts it, succeeds, and some individuals seeing the profit potential simply make a clone and divide the community, profiting in a few months from the market share they steal from the original project, and shortly afterwards both broke.

There are times when competition is positive, such as when a product is not good enough and there is someone who can do it better, or when the market grows and there is not enough supply for so much demand. But the examples I'm referring to were clones without any merit in a market that was nascent or small enough not to withstand such competition.

[Fortify]

If you don't discover and develop your talent, you will tempted to rush into Bitcoiners businesses because of money


Few potential issues were encountered while considering the mutually beneficial Bitcoin circular economy idea that was proposed here some time ago. One of the most important one I want to touch on today is the issue of less creative or talent-less people rushing to do similar businesses of the talented/creative ones, simply because of money.   Rather than find their own unique roles that haven't been served in the Bitcoin circular economy in order to further diversify the economy, they rush into other people's role or businesses, compete unhealthily and mess things up for everyone.
We want more Bitcoiners to start unique online/offline businesses, especially those they care about or love, and that are able to sustain them sufficiently without toxic competitors popping up from somewhere, with little to zero talents, to do thesame things, steal away customers/income,  add little to no value to the system. Then the much needed creative ones may eventually leave the system for better one, and  things become stagnant or degenerate into fiat-like system.

The only time it may be OK to do similar businesses is if the original businesses aren't living up to expectation such as delivering good quality products/services. Or if the original are becoming too crowded, congested, slow and overwhelming to the owners. Or their products/services have become unaffordable or more expensive due to low supply and high demand

There is no "bitcoiners business", it is just a way for people to exchange goods and services. What you are really implying is that people only get into the crypto game with the intention of speculation - hoping the value will go up and make them a big profit before they cash out, presumably leaving after that. Alternatively you're thinking that they do day trading, which requires high volatility in the asset and is probably not that helpful in the long term development of it as a usable device. It has been clear that as crypto matures there is less room to do either of these activities, because it is simply a currency. There are millions of businesses out there that actually make things which creates a profit incentive and that is where the majority of peoples money should be kept, if they want to be really responsible.

[passwordnow]

Anyone who invests is into money, I don't understand the idea of being tempted to invest into Bitcoin just because I have no talent. I think that I have no talent but I didn't rushed into investing to bitcoin because I've studied and learned it on the way. With a lot of losses and mistakes, it made me understood that this is also a skill because of the risk that we're taking, I think you can count yourself worthy of that as a skill.

[DiMarxist]

True success in Life lies in developing your God given talents, talent alone is not enough making it work to maximum potential is what is important so it's expected that we should give priority to our personal self development, in what ever area that we are interested in. The truth is that one can't successfully invest in Bitcoin without money in life. And one of the easiest ways to making money is by developing your skills which will invariably bring money to you on the long run.

[slapper]

This is a phenomenon in every economy, whether fiat or Bitcoin, it does not matter. Some would say a "coordination failure. Visible success attracts people together because it conveys a message of safety. Regardless of anyone's wants or wishes, security is what most humans seek to optimize. This is rational behavior inside a system that does not offer enough legible alternatives.

The real problem that you are addressing is economic diversity. And diversity does not happen naturally in any system. It must be tailored to. Incentivized. Protected even. Variety is not a by-product of free markets. They tend to converge on the most profitable thing at the moment. That is exactly what is known as the copycat problem.

What would it take to really address this? Maybe the Bitcoin circular economy needs something like a directory of unmet needs. Not "here is what is working" but "here is what is missing". Redirect that entrepreneurial energy toward gaps instead of overlaps.

And some of it is due to community culture, as well. If only positive stories about the successful merchants are celebrated, then everyone wants to be a merchant, of course. How about the documentation, translation, education, local onboarding person? Those are contributions. They do not look very cool in a forum post though.

To create the economy that we desire, we need to broaden our conceptions of what is valuable. Not just who we let in.

[Rgram]

If you don't discover and develop your talent, you will tempted to rush into Bitcoiners businesses because of money

Not having to discover and develop your talent doesn’t always have its end point to be necessarily Bitcoin or cryptocurrency investment. There are a bunch of other fields out there but, it is okay whichever way any individual looks for prospects and chooses. These days, people can make money from their hobby, running a channel or prompt some content, there are not talents for sure but are some skills that can be developed and monetized.

[Obulis]

Some how some times if not most times, talent is usually overrated! Without thinking twice at times talent is usually copied and to start with, is Bitcoin any body talent? Sometimes that which we love is not usually the answer because some people don't always have detailed definition of what they say or think they love and I love this at times is usually copying other peoples doings and this usually leaves some people without a direction and that's to say the other way round that copying other peoples work has become some peoples work.

Spreading coverage can also be the reason why the same businesses are usually established and even on that all might not or can not stand the test of time.

[Mhizlove]

In this era of open and fast-paced media, people no longer strive for unique products. Honestly, that's truly rare; most are product modifications packaged with a good marketing strategy. Well, the key to business success in this century is how you introduce your original or imitation product to the public. Otherwise, you won't find a market. The consumer market is largely controlled by broadcast algorithms.

Honestly speaking good marketing can attract people's attention, but can not keep customers forever if the product do not deliver. People can buy once because of attractive advert or hype, but if the quality disappoints, they will not come back again. In this digital era, businesses needs both product and a strong marketing that Will truly solve people's problems. Social media algorithm can help brand grow faster, but it's good reviews, customers satisfaction and consistent quality that helps a business to remain successful over time. At the end of the day, the best marketing is when a satisfied customer recommends your business or product to others

[BitDiscussion]

Anyone who invests is into money, I don't understand the idea of being tempted to invest into Bitcoin just because I have no talent. I think that I have no talent but I didn't rushed into investing to bitcoin because I've studied and learned it on the way. With a lot of losses and mistakes, it made me understood that this is also a skill because of the risk that we're taking, I think you can count yourself worthy of that as a skill.

If in financial context, then yeah. But the word 'invest' is also too general. It is like we only allocate different thing into a thing. Apart from money, there is also time, effort, etc.. that we can put. Talent on the other hand is more known like dancing, singing, and the likes... but Bitcoin is mainly just a coin (a currency) but BTC can be more than that. BTC is a new technology too, an asset, etc.. More like it was about 'interest' on why people consider it. Talent can be hard to have for some but BTC seems easier.

So why not that a person has no talent to make money can just rely on BTC instead? I think that in a BTC business, we still need some luck in order to be successful. Then, emotions and mentality can play a role too.

[Cheema02]

Bitcoiners businesses you said? I think it's every businesses, people like do same business as others when they noticed that you are making a lot of money, and this is because we have highest population of people who thinks like this, so it's not a country thing but almost everywhere in the world.aling a financial decision is what millions of people can't do, they would rather listen to what others tell them to do or just copy the same thing that their friends or neighbours are doing to make money,  

Today there is no limitation of Bitcoin relevent business models it almost related to every field and industry. It's the behavior of our societies that if an individual makes good money every one wants to copy his business model without having any knowledge about it's business and even they don't know they have the abilities or skills to adopt this business model. It's the mentality of almost all countries in the world that individuals feels save in doing that business what other are doing but they don't have courage to built a more authentic business instead of copying others for for financial stability. Mostly who copying other business models whiteout having knowledge about it they can lead to loss. So at the end success is always support to pattern of skills in the form of good knowledge about your business or any way so to run a successful business you should have calculated knowledge about it.

[Royal Cap]

It is not always true that doing the same type of business will be bad or toxic competition. Many times someone new comes into the same sector and brings better service or lower costs that improves the entire market, In my opinion the problem is not in the same business, the problem is copying and not adding any new value. If someone just looks at others and imitates, then it will not survive. Now when I go to Facebook I see countless advertisements for the same type of product. Everyone is doing business in the same category but not everyone is successful. Those who can offer good quality, good service or something different, in the end are the ones who survive. So in my opinion the problem is not in the same business, the problem is not being able to add any new value.

[Charleslie]

If a person does not discover his/ her talent and also the skill they're good at he /she might end up being tempted to copy others, chase every thing they make and also envy their success and settle for a life that doesn't truly fit who you really are. Your talent is a special gift but it only create opportunities when you develop it through different ways like learning and practice . if someone really need to discover and develop his or her talent they need to stop comparing there self to other instead discover what you're naturally good at to invest positively in it and also let it grow.

[Cryptomultiplier]

It is not always true that doing the same type of business will be bad or toxic competition. Many times someone new comes into the same sector and brings better service or lower costs that improves the entire market, In my opinion the problem is not in the same business, the problem is copying and not adding any new value. If someone just looks at others and imitates, then it will not survive. Now when I go to Facebook I see countless advertisements for the same type of product. Everyone is doing business in the same category but not everyone is successful. Those who can offer good quality, good service or something different, in the end are the ones who survive. So in my opinion the problem is not in the same business, the problem is not being able to add any new value.

Doing a business that doesn't add value or have value because it is just a copy and paste prototype of another business, is a bad venture.
The most successful business men are those who think differently and offer an experience that customers don't forget.
Even if one must do same existing business, they can add something or focus on a particular aspect that other similar businesses ignore and this is just what the Polymarket and Kalshi is doing, because while Polymarket is decentralized, Kalshi is more centralized and if we look at both, they claim to not be gambling businesses with the regular gambling license and laws.
They are trying to carve out their own niche and for that, they get a different law or policy or regulations than what regular gambling businesses operate with.