Survivorship bias has led to an imbalance in the crypto ecosystem

Survivorship bias has led to an imbalance in the crypto ecosystem


With success comes a survivor bias ― the logical error of concentrating on people or things that made it past a selection process while overlooking those that did not ― as well as, potentially, a superiority complex ingrained in those who survived.

This has led to a preponderance of financial products in crypto because of their successes thus far, but a paucity of products and marketplaces for real trade. Entrepreneurs in the blockchain space do not cater to what was supposed to be the most common class of user, and those who do often end up shipping products that fail at commercialisation.

Blockchain and financial economy

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The 2016-2017 era of crypto startups saw the launches of many companies promising blockchain-powered products ― blockchain social networks, phones, logistics,

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