Internet Computer Founder Dominic Williams Warns of 'Snake-Oil' Issue in Crypto Industry

Saturday, 27 April 2024, 16:38

In a bold statement, Dominic Williams, founder of Internet Computer, highlights the prevalence of 'junk' blockchains in the crypto industry. He emphasizes the industry's focus on narrative over substance, suggesting a need for a shift in priorities to address the underlying issues.

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Internet Computer Founder's Warning

In a recent statement, Dominic Williams, founder of Internet Computer, sheds light on the prevalence of 'junk' blockchains in the crypto industry.

The 'Snake-Oil' Problem

Williams criticizes the industry for prioritizing narrative over substance, leading to widespread issues.

Key Takeaway: Only 5% of blockchains are deemed viable, highlighting a significant quality problem.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.