Avalanche founder Emin Gün Sirer reveals the secret behind identifying a solid crypto project.
, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project.
During the discussion, the Avalanche founder pointed out the crucial role of “staying power” in the crypto industry, condemning players that run from one project to another or jump into “every single new coin offering” in the hopes that they will go up. According to Sirer, the desire to reap quick profits from crypto will only turn the space into a terrible thing, and VCs are not to blame.
“If a project is headquartered outside the United States, you know that it's some kind of a Cayman Bahamas et cetera, some kind of a tax haven, or Austin, Texas et cetera, they are there to sell points and disappear. They have no staying power.”
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