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Why Projects With No Product Raise More Money: A Simple Game Theory Explanation
The piece explains how crypto projects without products often raise more money due to game theory incentives that reward hype over substance
> “The less real your product is, the more money you can raise”
> Reality limits valuation, working products expose hard facts like actual user numbers and real technical limitations which are usually disappointing
> The potential value of a whitepaper-only project on the other hand is limited only by your imagination and how much your audience is willing to believe.👇
Source: https://x.com/therosieum/status/1908478053988065462?s=52&t=txFAbiSPTdLLDlAYj9X_AA
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