+1 to this - exactly the same experience. I started a company in the space because I believe that the decentralized technology and its ability to have world impact is truly amazing.
But after spending ~2y in the space, I realized another thing -- the people in this space right now are in it purely for speculation and monetary gains. There's a lot of talk about decade long horizons, but any app that achieves pmf in the short to medium term has to cater to the speculators or die.
We chose not to go down the path of launching a coin or doing speculative stuff, even though the demand for it was intense. We hit some PMF around creators, but didn't have the conviction that it would scale without speculation. A year down the line, I believe that was the right pov to have.
But after spending ~2y in the space, I realized another thing -- the people in this space right now are in it purely for speculation and monetary gains. There's a lot of talk about decade long horizons, but any app that achieves pmf in the short to medium term has to cater to the speculators or die.
We chose not to go down the path of launching a coin or doing speculative stuff, even though the demand for it was intense. We hit some PMF around creators, but didn't have the conviction that it would scale without speculation. A year down the line, I believe that was the right pov to have.