Ethan Kravitz (theycallme.eth)

having lots of flashbacks and nostalgia listening to @kaiynne talk about 2017 ICOs https://t.co/Qxdo2sfAo3

People often conflate first mover advantage with network effects. Network effects in crypto are a huge moat. Sometimes first mover leads to network effects but sometimes it doesn’t. Like most things this comes down to a combination of execution and timing.