Chapter 14. Lessons Learned: Blockchain Best Practices
What a journey we’ve taken together! You’ve learned practical, real-world insights into how successful blockchain projects are built. You’ve taken the difficult, messy paths of these early pioneers and distilled their valuable lessons into stories that will stick.
By reading (and rereading) these lessons, you’ll save countless hours and millions of dollars in creating your own blockchain success story. Now, let’s lock in that learning by summarizing the blockchain best practices seen throughout these success stories.
Blockchain Best Practice 1: Have a Great Origin Story
Draw inspiration from bitcoin and its mysterious founder Satoshi Nakamoto, who created a world-changing invention, accumulated a fortune, and then vanished without a trace. The human brain is hardwired for stories, so whether you are pitching a blockchain business or launching a new token, strive for a great origin story:
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Remember, for example, how Nimit Sawhney’s childhood experience with voter coercion in India led him to start Voatz, the blockchain-based voting system.
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Or Helium, where Sean Fanning’s background from Napster and Amir Haleem’s background in gaming led them to ask, “What if we could get these network hotspots to mine bitcoin?”
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In CryptoKitties, that great quote from Mack Flavelle: “We’re going to put cats on the blockchain. Why cats? The question you should be asking is, ‘Why not cats?’”
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With the Binance Charity Foundation, recall ...
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