Time is our most valuable asset. With more time we can get more done. It’s one of the only things in life that humans cannot influence. With or without us, time will move forward. There is nothing that can be done to stop it.
Entrepreneurs are famously busy individuals. Once that big idea comes it’s all systems go until execution is complete. What’s so interesting is that you can distinguish the one factor that has historically separated hugely successful entrepreneurs from the rest. It’s the approach to time.
Time matters more than you realize
An in-depth look into long-term thinking for entrepreneurs like Jeff Bezos, Bill Gates, Warren Buffett, Ray Dalio, and Elon Musk has revealed that real visionary thinkers take a different approach to time than the average person. Sure, they can’t control it, but they see it differently.
The analysis looks into individuals that have created staggeringly large businesses and comes to the conclusion that the best minds are planning their product and market development decades or centuries into the future. Initially playing the long game seems like a hard thing to do because it delays gratification and likely sacrifices short term rewards. In reality though the practice of long term thinking is thought to be ditching a poor investment for a much better one. On top of this, purpose and passion is considered to grow over time and spur additional success.
A long term thinking is in a better position to capitalize off the market for years to come, while a short term thinker is too focused on succeeding in the now to observe where the market is heading.
In short, long term thinking shows dedication and drive to succeed. It also conveys an in-depth understanding of the target market not just at present, but where it’s heading too.
We believe there are a number of cryptocurrency projects flying under the radar at the moment because they are playing the long game – one of which is Constellation
Crafting the future of Big Data
Constellation isn’t the typical cryptocurrency project. They aren’t here to try and drum up unwarranted hype and attention. Their target business is focussed on cybersecurity and Big Data and their actions show they are thinking far beyond the average crypto.
For starters, Constellation is heavily product focused. They are attempting to disrupt a huge industry by creating a solution that is significantly better than existing alternatives. There is a drive to create distributed ledger technology innovations because they view it as a necessary component for the growth of their business in the long term. A great example would be their horizontal scaling network.
Besides building a competitor-beating product, Constellation is focused on building real partnerships that should pay dividends over time, rather than just generating initial hype for no payback. These are the sort of partnerships that could fuel true business success.
For example, Constellation is partnered with the United States Air Force (USAF) to tackle the issues surrounding big data within the military. The team has also revealed that they are working with the U.S. Department of Defense (DOD) and stakeholders from various Government agencies, aiming to establish Constellation as a standard for how data is securely transferred between devices and infrastructures. Constellation is also partnered with Quant and Chainlink.
Long term thinking in cryptocurrency – does it matter?
Constellation (DAG) has been in the cryptocurrency space for a while now, but they seem to have the long term thinking trait that not many other businesses possess, which could be even more vital in cryptocurrency.
We are part of a nascent industry. Things are changing incredibly quickly. Just two years ago a cryptocurrency project could raise millions of dollars just by presenting impressive plans. In 2020 this is no longer possible. Cryptocurrency businesses are under much tighter scrutiny from investors. But the fundamental analysis conducted doesn’t begin to compare to traditional finance.
Thus, with the speed the market is changing, here more than anywhere else the long game is critical. Short term thinkers may be able to keep up with the market today, but history insinuates that soon the market will move beyond their grasp. The long term thinkers that are building products for the future should be the ones that prosper.
With a proven entrepreneur at the helm of the company as CEO and a technological savant leading the development, we are extremely interested to see where the long game can take Constellation over the years to come. History has shown that being successful in business is about preparing yourself for the long run and predicting the change, not adapting to the change. As of now, Constellation is fitting this description with ease.