WHY CRYPTO CAN'T BUILD ANYTHING LONG-TERM

Summary from the TLDR Crypto newsletter

Crypto's structure makes long-term building nearly impossible, as founders are trapped in an 18-month narrative cycle where hype dictates funding, talent, and user attention. Each new trend, from NFTs to DeFi to AI agents, forces rapid pivots to stay relevant, leaving most projects perpetually “almost finished” but never complete. With capital chasing attention, not execution, unfinished products signal limitless potential while finished ones expose limitations. Founders, investors, and even users are incentivized to pivot, not persevere, since the market rewards novelty over durability.