> Should a product officer be judged on whether the economy/financial markets change their mind on the value of risky things like crypto?
Yes, absolutely. The whole point of product management is to find sustainable locations in the product space to create lasting value.
People have been warning for years that the rise of crypto was unsustainable, a grift supported by locating dumb people with dollars to cash out the people who had large supplies of magic beans to sell them.
It's not like FTX was an outlier. FTX was the largest and most spectacular failure so far. But it's part of a rich tradition of crime, grift, and plain old collapse going back at least to Mt Gox in 2014. And it's part of a large network of other failures and soon-to-be failures: https://www.mollywhite.net/etc/ftx-contagion
Yes, absolutely. The whole point of product management is to find sustainable locations in the product space to create lasting value.
People have been warning for years that the rise of crypto was unsustainable, a grift supported by locating dumb people with dollars to cash out the people who had large supplies of magic beans to sell them.
It's not like FTX was an outlier. FTX was the largest and most spectacular failure so far. But it's part of a rich tradition of crime, grift, and plain old collapse going back at least to Mt Gox in 2014. And it's part of a large network of other failures and soon-to-be failures: https://www.mollywhite.net/etc/ftx-contagion