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Failure Is Not Always Fraud: A Look at Founders in the Crypto Space

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by Giorgi Kostiuk

4 hours ago


This article discusses the challenging circumstances faced by founders in the crypto industry and why it is important to support them during failures.

The Stress and Pressure on Founders

In the crypto industry, there is a high degree of pressure on founders, where their successes and failures directly correlate with public opinion. The experiences of some entrepreneurs indicate that they are at risk of becoming victims of stress and public condemnation. This dynamic may lead founders to be reluctant to share their experiences and ideas.

Society’s Reaction to Failures

Society often perceives founders’ failures as a sign of fraud. Founders face criticism and anger even when their projects have a solid idea and effort but fail to achieve success. This tendency to form a negative opinion about founders upon failure can stifle industry innovation.

The Need for Support and Forgiveness

Creating a culture that supports founders and allows them to try again is crucial. Failure is part of the learning and development process. The community should be prepared to support those striving for innovation, even when they face challenges. Without support and understanding, new ideas may never be born.

The crypto industry needs a culture that allows founders to remain in the arena and continue working on their ideas. Support and forgiveness can open doors to new innovations and improvements.

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