Yes, everything good tends to get built in long winters, but large numbers of talented people do tap out at various points along the way simply because they do not have the resources to stay interested. So macro good/micro ??.
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Replying to @vgr
ERC-721 standard was proposed in Jan 2018. The same month as the first big crash. All of everything *gestures* was all built out in winter. ¯\_(ツ)_/¯ #BUIDL
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