Emin Gün Sirer, the founder and CEO of blockchain protocol Avalanche, alleges that many blockchain projects tend to overhype their technology, such as EV-startup Nikola.
They usually follow the same playbook that includes overmarketing their tech solutions with "smoke-and-mirror" claims to forge dubious partnerships:
This is how many blockchain projects work: lots of hype, lots of technical-sounding claims, partnerships with companies too embarrassed to say they were duped, and no actual working novel system, just smoke and mirrors around old tech.
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