I'm pretty sure that I've taken more risks than most entrepreneurs. It's a mistake to assume that if someone is not financially successful, that they haven't taken risks. This kind of logic was never accurate and it's getting even less so over time.
There is a lot of talent and there are many really great projects which go unnoticed these days. Our entire economy is founded on hype and misinformation. It's no longer possible to compete based on merit; the only way to win is through cheating and deception (e.g. the focus is not on value creation for customers, it's all about social scheming). Maybe that is why people are increasingly turning on entrepreneurs.
Social schemes which allow entrepreneurs to make money don't add value to society, they take away value. The VC funnel, corporate acquisitions, IPOs, social media advertising, etc... All these schemes don't create any value and yet that's where most of society's money seems to be going.
I think the financial system has failed. TBH I still can't believe that cryptocurrencies are worth so much money after so many years. The ongoing success of Bitcoin is proof that fiat money and the entire economy is completely speculative.
In a proper functioning economy in which money has real value, Bitcoin and other cryptocurrencies wouldn't have been able to last a single year.
It doesn't matter how many risks you take. What counts is taking the right risks.
Fiat currency works fine. Bitcoin only has value for money laundering and drug deals; its value doesn't tell us anything positive or negative about fiat currency.
There is a lot of talent and there are many really great projects which go unnoticed these days. Our entire economy is founded on hype and misinformation. It's no longer possible to compete based on merit; the only way to win is through cheating and deception (e.g. the focus is not on value creation for customers, it's all about social scheming). Maybe that is why people are increasingly turning on entrepreneurs.
Social schemes which allow entrepreneurs to make money don't add value to society, they take away value. The VC funnel, corporate acquisitions, IPOs, social media advertising, etc... All these schemes don't create any value and yet that's where most of society's money seems to be going.
I think the financial system has failed. TBH I still can't believe that cryptocurrencies are worth so much money after so many years. The ongoing success of Bitcoin is proof that fiat money and the entire economy is completely speculative.
In a proper functioning economy in which money has real value, Bitcoin and other cryptocurrencies wouldn't have been able to last a single year.