The Crypto Community Needs Less Shills

In terms of the cryptocurrency community having shills, this is something I seen more in 2017 during the “ICO Boom”. However, now it is making more of a reemergence. Nowadays, people are using fancy buzzwords like DeFi or putting smart, IOT or decentralized in front of anything. Lots of projects don’t have much of a beneficial technological use case.

I seen ICOs and cryptocurrencies literally ran by having models or super models as the face of the crypto, confusing business plans, celebrity endorsements, etc. The stuff I seen were as bad as Bitconnect’s graphics when they had a pyramid on a landing page. They are inexcusable.

One time I talked to a “CEO” of one of these ICO scams in a blockchain event and she literally dodged all my questions. When I talked to her CTO, the only remotely technological answer he could give me is “we are doing an ERC20 token”.

The reason I am making this article isn’t to call out the entire community. There are people like myself who are building actually blockchain infrastructure utilized by thousands and thousands of developers. Many of us don’t need to be listed on hundreds of exchanges or giant telegram groups or flashy landing pages. We just need good software that gets picked up by the community because of how beneficial its usecase is.

The people you see right now who are just marketers taking advantage of people’s naiveness, are likely really popular. However, they haven’t built a piece of software utilized by over 100k+ developers. They also haven’t done lots of technological research for distributed computing infrastructure. In the long run, we will see who won.