This is something that is important to Hive, blockchain, and Web 3.0.
The difference between builders and price watchers is in their terminology.
In this video I discuss how people like Elon Musk, Jeff Bezos, Mark Zuckerberg and Steve Jobs, some of the greatest technology builders, never talked about price. They were always speaking in terms of building.
▶️ 3Speak
Google's co founder Sergey Brin And Larry Page also always seem to talk about building stuff up rather than talking about price.
I'd like to think that they were concerned about price when they were still starting/smaller. That is important to getting investors. But now that they have big successful companies, the price don't matter as much, and the quality takes priority.
Summary:
The host discusses the importance of being a "builder" versus a "price watcher" in the context of Web3 and blockchain technology. He contrasts successful business leaders like Elon Musk, Steve Jobs, and Jeff Bezos, who were focused on building revolutionary companies and products, with those in the Web3 space who are overly preoccupied with token prices and market fluctuations.
The host argues that too many people in Web3 are "market players" rather than true builders, constantly talking about bull/bear markets and token prices instead of focusing on developing features, acquiring customers, expanding into new markets, and building sustainable businesses. He believes this mindset is holding back progress in Web3, as the market-focused individuals lack the long-term vision and business acumen of the builders.
The host emphasizes that successful business leaders do not get distracted by short-term market movements, but rather remain steadfast in executing their strategic plans. He contends that Web3 needs more of these builders who can create real value, rather than speculators who are only concerned with price action. The key, he says, is to recognize the difference in language and priorities between builders and market players, and to prioritize the former over the latter when it comes to driving innovation and growth in the Web3 space.
Detailed Analysis:
The host begins by highlighting the common traits of successful business leaders like Elon Musk, Steve Jobs, Jeff Bezos, and others - they are all "builders" who have led companies that have revolutionized their respective industries. Whether it's electric vehicles, online shopping, or social media, these individuals have driven transformative change by focusing on innovation, market expansion, and building sustainable businesses.
In contrast, the host argues that the Web3 space is dominated by "price watchers" - individuals who are overly focused on token prices, bull/bear markets, and other short-term market fluctuations, rather than the fundamentals of building successful companies and products. He believes this mindset is a major problem, as it leads to a lack of long-term vision and a preoccupation with superficial metrics rather than tangible business achievements.
The host draws a parallel to public company earnings calls, where CEOs rarely discuss stock prices, but rather focus on metrics like revenue growth, market share, new product launches, and profitability. He argues that this is the language of builders, not market players, and that Web3 needs to embrace this mindset if it wants to achieve meaningful progress.
Using Amazon as an example, the host explains how Jeff Bezos was able to grow the company over the course of decades, weathering various market cycles and economic downturns, by remaining focused on expanding the business and capturing market share, rather than worrying about short-term stock price movements.
The host then directly calls out the Web3 community, stating that there are too many "market players" and not enough "builders" in the space. He believes that this focus on price and speculation, rather than product development and business strategy, is holding back the growth and adoption of Web3 technologies.
Ultimately, the host emphasizes that Web3 needs to learn from the examples of successful business leaders and shift its mindset away from market-centric concerns and towards building innovative, customer-focused products and services. He argues that this is the only way for the Web3 space to truly thrive and fulfill its transformative potential.