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by monadmancer 3067 days ago
We aren't there yet. Successful projects are building protocols with the goal of developers using them to build next-gen products that people actually want. Current speculation (a16z, polychain, ...) is that it will take another few years for this rollout to really take effect.
1 comments

> products that people actually want

This part of the process is usually considered one of the first steps in a successful business.

> This part of the process is usually considered one of the first steps in a successful business.

You're absolutely right, of course. However, I'm reminded of this wonderful (recent) quote by Uber CEO Dara Khosrowshahi:

"Business is actually surprisingly good for everything that the company went through. The part of the business that is not going well is the profitability part. We have some details to work out."

https://www.axios.com/uber-ceo-1516627656-77c68a5a-6d42-4c85...

I don't understand the "however" part.

People actually want to press a button on their phone and have a car show up and take them somewhere seamlessly. Uber has been doing that since they launched.

Doing it profitably and sustainably is another question. But the basis of the enterprise isn't even a little confusing.

I think we're on the same page.

My point: a business without actual products people want to use is not viable (contrary to what some appear to think), but a business without profitability is not viable, either.

(you're right, Uber has a slick product, though arguably because they subsidise it.)

If we're talking about developers, then there are already a variety of projects that "people" developers actually want.

The consumer oriented blockchain-natively-dependent projects are not here yet because the protocol layer isn't mature enough.

This isn't just my opinion, but those of the "actual" investors in the blockchain space such as a16z and polychain.

Why there were no blockchain projects for the last 10 years?