Blockchain and your reputation

Read this if you support cryptocurrencies. Over 930 coins or tokens have already gone bust. See deadcoins.com for the gory details. That total will surely increase. Recent weeks have also seen a significant fall of all major coins. Have you considered that many if not all cryptos could fail outright.

What are the consequences for you professionally? If you don’t make your fortune on speculating in crypto, chances are you’ll need a job in the future. Or if you get an idea for a startup in another field, you’ll be searching for angel or VC investors. Expect that a firm wanting to hire you or invest in your idea will search your background.

Do you want them to see all those rah-rah postings you made on social media extolling the virtues of now defunct coins? What will they think of your insight? (“Should I invest $1 million in this person’s startup?”)

Protect yourself now. Stop posting those optimistic screeds on crypto. Let others shill. Unless you actually work for a crypto startup, you can surely do this. For more protection, delete earlier postings if you can. Maybe write a few postings warning of a fall in crypto.

Of course, you can still in emails advocate crypto. But think about it. If you stop doing this publicly, surely those coins you support still have other vocal advocates. Let them take the fallout.

All this is insurance. Hedge your future.