| Illicit tactics aside which other comments seem to cover, for HN'ers, I suspect there's a very real opportunity to make money by providing security auditing services to crypto startups and projects. Other ideas: - Crypto lending/staking (risky) - Build blockchain based games (e.g. https://roobet.com/) - HODL (seriously, a lot of the money made is from buying and waiting) - Community-building (YT Channel, newsletter, blog, meetups, etc.) - Arbitrage (success stories are not googleable) - Flash-loan strategies (this verges on illicit, ymmv) - Build a fund. If you have a wealthy network that's not techy, there's probably interest. - Crypto-art (NFTs etc, budding community) - Mining. This is profitable if you have access to free/cheap power - Build technology that actually leverages blockchain -- streaming micropayment-based business models, truth estimation via prediction markets, distributed computing (Filecoin/RNDR/Codius/GNT), idea X where crowdsourcing is key to success. I agree that most of this stuff can be built with a centralized model, but that doesn't mean there isn't money to be made going the crypto route. In some cases the crypto aspect might be the interesting thing that builds your top of funnel and makes users actually use it. After all, real crypto enthusiasts are wanting for valid use cases. |
Why illicit?
Tell me more about flash lending, I've seen interesting things being done with uniswap and I find defi fascinating!!