Many Blockchain Projects Use Nikola's Smoke-and-Mirror Tactics, Says Avalanche CEO

in hive-116221 •  4 years ago 

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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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