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Today at 03:16:20 AM |
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I've been in crypto for about 10 years now, and I've spent roughly the last 6 years seriously studying blockchain development and Web3/Solidity development.
For years, I've had more ideas for things I wanted to build in this space than I could possibly have time to build. I finally feel like I've reached the point where I actually have the technical ability to turn a lot of those ideas into reality.
AI has played a huge role in that.
Before AI, learning to build this stuff could be brutal. You'd run into a specific problem, spend hours searching Google, maybe find a forum post that was vaguely related, wait for someone to answer, and then discover that the answer didn't actually solve your problem. You'd keep digging until you eventually figured it out.
AI completely changed that. Suddenly, instead of searching through ten-year-old Stack Overflow posts, you could describe exactly what you were trying to do and get detailed help in seconds. And now AI has progressed to the point where it can actually build substantial pieces of software for you.
If you understand what you're trying to build and can communicate it properly, the barrier to turning an idea into a working product has dropped dramatically.
And that's where I've started running into a problem I honestly didn't expect.
I've been building things that, five years ago, I genuinely believe would have seemed almost unbelievable to most people. Some of the ideas I've been working on are things that, if someone had shown them to me five years ago, I would've assumed they were potentially million-dollar opportunities.
Today, I don't even know where you're supposed to market something like that.
It feels like crypto has become so saturated with scams, rug pulls, worthless tokens, fake projects, and people trying to extract money from the community that the default assumption has become:
**"It's crypto, so it's probably a scam."**
And honestly, I can't even blame people for thinking that way.
That's what makes this so frustrating.
I'm not talking about trying to launch the 10,000th meme coin or another generic PoW/PoS chain. I'm working on actual applications. Some are games. Some involve NFTs because I genuinely find the concept of digital ownership interesting, particularly in games where an asset can actually belong to the player and potentially have real-world tradable value.
I also have projects I'm working on that don't involve a token or coin at all.
But they're still crypto projects.
And that seems to be enough to immediately create a trust problem.
If I build a normal web application, I can potentially market it to practically anyone. I can put it in front of gamers, businesses, consumers, developers, or whatever audience the application is actually designed for.
But when you build something around blockchain, your potential audience immediately shrinks.
People outside of crypto often don't want anything to do with it because they've heard "crypto" and immediately associate it with scams, speculation, gambling, or people trying to sell them something.
Then you try marketing to people who are already in crypto, and you run into the opposite problem:
**They've seen thousands of scams already.**
So how do you convince someone that you're actually building something legitimate when their default assumption is that you're trying to scam them?
It almost feels like you need an established reputation before you're allowed to establish a reputation.
If you're already a major name in the industry, people will at least give you the benefit of the doubt.
If you're an unknown developer saying, "I've been working on this for years and here's what I built," you're competing against thousands of other people making exactly the same claim while trying to figure out how to prove that you're different.
And that's where I'm starting to question whether I've made the wrong decision by continuing to build in crypto.
I've spent years fascinated by blockchain technology and what it could potentially be useful for. Maybe I've overestimated its importance. Maybe blockchain really is destined to remain a niche technology used primarily by a relatively small group of people who are obsessed with it.
Or maybe the technology is still useful, but the culture and reputation surrounding the industry have become such a massive obstacle that building legitimate applications in the space simply isn't worth the extra difficulty.
Because the alternative is becoming increasingly attractive.
I could take some of these ideas, remove the blockchain component, and build them as normal applications.
It would probably be easier technically.
It would certainly be easier to explain to people.
And, most importantly, I wouldn't have to spend half my time convincing people that I'm not trying to scam them before they'll even look at what I built.
That's the part that's really getting to me.
**Has the crypto industry become so saturated with scams that it has effectively destroyed the ability for unknown developers to build trust and launch legitimate new projects?**
I'm curious what people who have been around this space for a long time think.
Is crypto still a place where an unknown developer with a genuinely good idea can build something, earn a reputation, and find an audience?
Or have the scams actually damaged the space to the point where the only projects capable of breaking through are the ones backed by established names, massive communities, or enormous amounts of money?
Because after spending roughly a decade fascinated by this technology, I'm honestly starting to wonder whether I should stop building in crypto altogether.
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