Over the past 2 years we've seen an explosion in blockchain projects. Most started with a promising dream to change the world. Others tried to tap into every possible sector in order to take advantage of the situation.
Today, most of these projects have almost nothing to show other than over-exaggerated partnerships, fancy websites and shady youtube videos. The Blockchain revolution started almost a decade ago yet no project has had a widespread adaptation.
Humanity's primary purpose for existence is survival. Almost everything around us is means to accomplish this simple task. Whether we want to put our names in the spines of books, create projects that change the world or create offspring that will carry on our DNA further, the goal is much the same. Reproduction, creation, maintenance all aim for the simple task of our species perseverance.
Most people, whether developers or entrepreneurs, got into the space primarily for making a better life for themselves. They are guided from the same survival instincts. Some had children, others just started families or wanted to change their communities. Surely, after satisfying the basic needs, grander things lie ahead for most but they are still tied to the basic survival instincts. This is why women, villas and lambos are still the primary status and trend in the Blockchain community. This is also where the romantics of the situation give up.
For most developers working on the projects, motivation is no longer a part of the equation. Most of them became multi-millionaires, some billionaires over night. When they begun they used to work in a different mindset. Now they see themselves as angel investors, venture capitalists and crypto-space promoters. Their heads got shoved far deep into their own asses.
We have a shortage of developers and creators yet an abundance of bullshiters and kids that got rich too fast for their own good. These people have the means now to hire new blood but due to the sudden explosion in the space it is becoming harder and harder to find specialised programmers. Even those who join, soon take a taste of ico pre-sale deals, join the millionaire club and bail out. Human greed prevails over innovation.
There are a few people that still work on the projects on their own such as Vitalik's Ethereum but these people are rare. They are rare because of they are either autistic or awkward enough not to be affected by wealth. They are the exception to the rule. Yet these projects have more chance in surviving rather than the ones leaded by newly generated millionaires. This is also why I believe Ethereum will take over Bitcoin at some point. This is also why it has been relatively stable in comparison to other projects.
It will take a massive shake down for the market to grow in terms of creating products and applications for world wide adaptation. The retired millionaire developers will then hire newly hungry developers that did not take part in the great Blockchain Bull Market. This is the only way we move forward from here. Some things are quite easy to predict because humans are much the same, no matter what era they live. Their needs, dreams and desires do not change much. Immense wealth for those who create was never a motivation for innovation. If human history has taught us anything is that innovation comes either from brilliant reclusive minds such as that of Tesla or ordinary people in need to survive a dire situation. Currently in the Blockchain sphere we have well fed developers that are nowhere close to Tesla's tier.
