# kaal:claim:3606663-019

**Claim.** Because the digital asset market has been so hype driven, technical experience has not added significantly to overall market development and maturity, leaving many top projects in 2020 still afflicted by unresolved technical issues.

**Type.** mechanism  **Support.** argued

**Holds when.**

- cryptocurrency market through the early 2020s
- hype driven market conditions

**Source quote.**

> Because the market has been so hype driven, technical experience has not added significantly to overall market development and maturity.

**From.** Kaal, *Digital Asset Market Evolution* (2020), 3. Challenges for Early Stage Investors, page 34

**Cite as.** Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

**Verify.** sha256 of source PDF `d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202020%20-%20Digital%20Asset%20Market%20Evolution.pdf

**Failure mode.** hype crowds out technical learning  (family: cold-start-and-bootstrapping)

**Topics.** economics

**Keywords.** market-maturity, hype-cycle, technical-expertise, digital-assets, project-quality

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3949098-017

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.