在以太坊有市值之前，這只是大學輟學的頭腦的一個主意

這不是巧合。這是我們以前見過的模式的重複：大膽的想法，早期行動和零重視制度時間表。

If you're reading this, chances are you're interested in the future of crypto. But if the future of crypto is being planned in boardrooms by executives in starched shirts, then count me out. I'm not interested in that kind of crypto.

如果您正在閱讀本文，那麼您可能對加密貨幣的未來感興趣。但是，如果加密貨幣的未來是由高管們穿著澱粉襯衫在董事會中計劃的，那就把我算出來了。我對這種加密貨幣不感興趣。

I'm interested in the crypto that's being planned in dorm rooms and group chats by founders who don't wait for permission and many of whom don't finish college at all.

我對不再等待許可的創始人在宿舍和集體聊天中計劃的加密貨幣感興趣，而且許多人根本沒有上大學。

This isn't an accident. It's a pattern we've seen before with bold ideas, early action and no regard for institutional timelines.

這不是偶然的。這是我們以前看到的模式，以大膽的想法，早期行動和不考慮機構時間表。

In 2014, a group of students launched the Blockchain Education Network (BEN) to connect students exploring bitcoin and blockchain across college campuses. Within a year, BEN had more than 160 chapters in over 35 countries.

2014年，一群學生啟動了區塊鏈教育網絡（BEN），以將探索在大學校園中探索比特幣和區塊鏈的學生聯繫。在一年之內，Ben在35多個國家 /地區擁有160多章。

What started as grassroots education quickly became a launchpad for builders.

最初的基層教育迅速成為建築商的發射台。

BEN became a catalyst for its core members and for a global cohort of students who saw crypto as a blank canvas. Some dropped out. Others stayed in. Nearly all started building before the rest of the world caught on.

本成為其核心成員和全球學生隊列的催化劑，這些學生將加密貨幣視為空白的畫布。有些人輟學了。其他人則留在進去。幾乎所有人都開始在世界其他地方陷入困境之前就開始建造。

Projects fostered by that ecosystem have gone on to collectively peak at over $20 billion in valuations including IOTA, Optimism, Bitso, Augur, Wanchain, Notional and Roll.

該生態系統培養的項目繼續以超過200億美元的估值達到高峰，包括IOTA，樂觀，Bitso，Augur，Wanchain，Wanchain，notional和Roll。

That same spirit of early action led me and Erick Pinos, former president of MIT's Bitcoin Club, to co-found Dropout Capital, backing technical founders who move before the world notices.

同樣的早期行動精神使我和麻省理工學院比特幣俱樂部的前總裁埃里克·皮諾斯（Erick Pinos）共同創立了輟學資本，支持了在世界通知之前移動的技術創始人。

Pinos will speak at Consensus 2025 on May 16 in a panel titled "The Talent Pipeline: How to Find a Job in Crypto."

Pinos將在5月16日在2025年共識中發表講話，名為“ The Talent Pipeline：如何在加密貨幣中找到工作”。

As Pinos puts it:

正如Pinos所說：

"Over the past seven years we've met with countless student founders and at least half a dozen have become unicorns...we're excited to give others the opportunity to be a part of funding the next generation of blockchain innovation."

“在過去的七年中，我們與無數的學生創始人會面，至少有六個成為獨角獸……我們很高興能給其他人提供資金為下一代區塊鏈創新提供資金的一部分。”

This urgency isn't new. It's the same drive that shaped early tech giants. Steve Jobs (Apple), Steve Wozniak (Apple), Jack Dorsey (Twitter, Square), and Patrick & John Collison (Stripe) all left college behind to build companies that redefined their industries.

這種緊迫性並不新鮮。這是塑造早期科技巨頭的驅動力。史蒂夫·喬布斯（蘋果），史蒂夫·沃茲尼亞克（蘋果），傑克·多爾西（Jack Dorsey）（Twitter，Square）和Patrick＆John Collison（Stripe）（Stripe）都留下了大學，以建立重新定義其行業的公司。

Web3 founders are following the same path

Web3創始人正在遵循相同的路徑

Some of crypto's biggest names started the same way:

加密的一些知名人士以同樣的方式開始：

• Vitalik Buterin dropped out of the University of Waterloo to launch Ethereum (peaked at $500 billion+)

•Vitalik Buterin從滑鐵盧大學輟學，推出以太坊（達到5000億美元+）

• Charles Hoskinson left the University of Colorado before founding Cardano (peaked at $70 billion)

•查爾斯·霍斯金森（Charles Hoskinson）在成立Cardano之前離開了科羅拉多大學（達到700億美元）

• Jed McCaleb, co-founder of Ripple and Stellar, dropped out of UC Berkeley (Ripple peaked at $130 billion)

•Ripple和Stellar的聯合創始人Jed McCaleb退出了加州大學伯克利分校（Ripple（Ripple）達到1300億美元）

• Jesse Powell left Cal State to build Kraken (valued at $10 billion)

•傑西·鮑威爾（Jesse Powell

• Shayne Coplan dropped out of NYU in his first semester to start Polymarket (estimated at $1 billion)

•謝恩·科普蘭（Shayne Coplan）在他的第一個學期退出紐約大學（NYU

• Joey Krug left Pomona to co-found Augur (peaked at $1 billion)

•喬伊·克魯格（Joey Krug）離開波莫納（Pomona

• Jeremy Gardner, who co-founded Augur with Krug, dropped out of the University of Michigan (peaked at $1 billion)

•傑里米·加德納（Jeremy Gardner）與克魯格（Krug）共同創立了奧古爾（Augur），從密歇根大學輟學（達到10億美元）

• Jinglan Wang left Wellesley to build Eximchain and later helped lead Optimism (peaked at $11 billion+)

•吉蘭·王（Jinglan Wang）離開韋爾斯利（Wellesley）建立了外觀鏈，後來幫助樂觀（達到110億美元+）

• Noah Tweedale, co-founder of Pump.fun, never enrolled (estimated at $1 billion+)

•泵。

At Dropout Capital, we've backed early-stage companies including:

在輟學資本，我們支持了早期公司，包括：

• Vana, founded at MIT, building a decentralized data marketplace

•VANA成立於麻省理工學院，建立一個分散的數據市場

• SatLayer, started by MIT alumni and former VCs, creating Bitcoin-native compute for AI

•Satlayer，由麻省理工學院校友和前VCS創立，為AI創建比特幣本地計算

• Tenderize, launched by students at Marquette University, building a liquid staking marketplace

•Marquette University的學生推出，建立了液體堆積市場

• Algebra.Finance, founded by a Ph.D. in Computer Science with a background in mobile operating systems, rethinking on-chain prediction infrastructure

•代數，由博士創立。在具有移動操作系統背景的計算機科學領域，重新思考鏈上預測基礎設施

One place where these stories, and the stories of the next generation are already being shared is ChainStories, a podcast I host alongside Erick.

這些故事以及下一代故事已經共享的一個地方是Chainstories，這是我與埃里克（Erick）一起主持的播客。

ChainStories takes listeners behind the scenes of some of the most successful projects in crypto, including Plume Network, YesNoError, Algebra.Finance, Virtuals.io, TON, Horizon Labs, and many others, breaking down how real companies are built from idea to launch, and helping founders and VCs understand the decisions, tradeoffs, and risks that happen long before anyone notices.

ChainStories將聽眾帶入加密貨幣中一些最成功的項目的幕後，包括Plume Network，YesnoError，Algebra.Finance，Filetuals.io，Ton，Ton，Horizo​​n Labs等，從而破壞了真正的公司如何從Ideas啟動到啟動，並幫助創始人和VC了解任何事情，並在任何人中了解到這一決定，並在任何人中了解到這一問題。

The future of crypto isn't being theorized at conferences or slow-walked through corporate committees.

加密的未來並未在會議上或通過公司委員會緩慢地進行理論化。

It's being built by people who move early, take risks, and start building before the world even realizes what's happening. And, if history is any guide, the companies that matter most won't be the ones that waited.

它是由提早移動，冒險並開始在世界上意識到正在發生的事情之前開始建造的人們建造的。而且，如果歷史是任何指南，那麼最重要的公司就不會是等待的公司。