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Question about starting a crypto research startup
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So I just wanted to preface this with I am 21 and im pursuing a computer science degree.

I've always been interested in tech but I never dove into cryptocurrencies. I had crypto in my peripherals from about 2012-2015 or so but I really started reading into it back in 2016-2017. I didn't really understand it but I got the high-level basics and thought it was really cool. Anyways after the crash I lost some of my heat for it but always thought it was an interesting field and I should dive into it more.

Now snap back to 2020-2021 with covid giving me a lot more free time than I knew what to do with I dove fully into crypto. I read the bitcoin whitepaper, everything on ethereum.org and more. I would like to think i have a pretty comprehensive knowledge of the crypto space at this point. That covers everything from the block size wars to the DAO hack, all the way to DEFI and NFTs.

I actively save in ethereum and I've been encouraging my friends to make the effort to learn more. Sometimes I think im delusional but I think the crypto-revolution will easily be on same level as other civilizational changes like the printing press.

Now heres where I need help. I think more people want to get involved but I the difficulty is in the learning curve. My imposter syndrome is flaring up just thinking about it but because I live in a very crypto friendly city I wanted to start a research/consultant firm with the goal of helping businesses and investors learn how they could gain minimum (or more) exposure or use crypto as both a payment method or in their backend infrastructure.

I have friends who could help out and i know a couple businesses that could definitely benefit from the exposure but heres the problem. I don't know if I should do this or not. I've been learning solidity and im writing my macro economics paper on crypto currencies so I do have a knowledge base on crypto more in depth than the average person but the more I learn the more i feel uncomfortable telling someone else what they should do even when Im 90% confident I'm right.

My goals with this startup well honestly is:

  1. I genuinely believe in crypto and think if I understand it as well as I think I do then I should help others understand and gain from it
  2. Financial benefit for being early

I know some people will hate me for the 2) reason but thats part of why I am conflicted. I do have a passion for the ideology (decentralization and autonomy) but I can't ignore the fact that if I am right then by being this early ( and yes I genuinely think the story of ethereum and crypto as a whole is only 5% complete) then I can make a lot by encouraging adoption, helping business do that as well as conducting research for finance guys to digest.

So my question/TLDR:

Is this something the community encourages or is it better to wait and be cautious because the average joe associates crypto with scams so make sure you fully understand everything before trying a business like this?

2) If you supportive thank you! If not thank you! I just wanted some opinions from people who actually understand the space on what they think the best course of action is. However if you are supportive and you have some potential use cases for ethereum or crypto technology in general that could be applicable to businesses today if they understand it well enough to use them? what are they?

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3 years ago