I Consulted Over 50 Crypto Projects — Almost All of Them Do Not Know What They’re Doing.

The deadline for YC S24 is tomorrow. Here's why you SHOULD NOT APPLY TO YC: YC seems like a reasonable proposition. They give you some money to help start your business, and they promise you access to a community of people that can help you along the way. In exchange, they don't ask for much. The standard YC deal is $500K for 7% equity. That doesn... See more

His main point is that there is lots of logical inconsistencies within the crypto space, simply, that pitches and business modes such as "Play to Earn", do not make any sense.

Takeaway: A successful, scalable project should have an obvious problem and a robust solution, regardless of whether it is in the crypto industry.