The article discusses the dilemma of being in cryptocurrency "for the tech" versus being in it for the money. While media software developers like the creator of VLC media player can prioritize the technology and keep it free, in the crypto space, the money and the technology are intertwined. Bitcoin relies on its value to enable peer-to-peer transactions, and Ethereum's smart contracts can support non-financial use cases. However, there is growing pressure for crypto projects, including Ethereum, to prioritize maximizing tokenholder value and focus on apps that can boost the price of the native token. This shift poses challenges for developers who prioritize functional use cases over money-making ideas, as they may receive less market attention.
Content Editor ( blockworks.co )
- 2025-01-30
Ethereum holds the line between ‘in it for the tech’ and ‘for the money’
