The Crypto Price-Innovation Cycle

every time we meet with entrepreneur's we always say how did you get in this space and almost invariably it's either 2011 2013 to 2017 you know their friends were buying these things and they started reading about it and but the prices like a hook right the price kind of got them into it but and hopefully they didn't stay because of that right they weren't I doubt many people here are in this just because they want to see the prices go up they're here because they actually believe in the technology right so what we've come to see is that people come in they you know because whatever they're trading or something they start to get interested maybe they they start following people on Twitter or reddit they start to have new ideas maybe that is reflected in kind of github activity and other things and there's new startups they come around in most start-up markets price is a lagging indicator in crypto it's weird right it's different like because you have this because these assets have prices and they fluctuate around and as a result you get this what I kind of have been calling the the price you know price interest activity kind of feedback loop or the price feeds back into the fundamentals you know basically the way I think of it now is we've in 2017 ish planted a whole bunch of seeds which are now you know going to hopefully kind of bloom in the next year or two and those will we hope will kind of drive another wave of innovation which in turn will kind of in this flywheel create you know more interest more ideas and just continue to kind of generate a positive feedback loop like that so this is our way of kind of trying to character I look whenever I talk to people that have in the space for a long time we always talk about the waves and the and it's people outside of the space or new to the space sort of like what are you talking about and this aren't you just focusing on price we're not focusing on price we're focusing on interest and activity so that's that's just kind of a historical context