## What Does the Intense Debate Over the Moats in the Crypto Industry Reflect?
Recently, qw, co-founder of Alliance DAO, publicly shared his unique scoring system for competitive barriers across different industries, giving public chain projects a moat rating of only 3/10. This viewpoint immediately sparked heated discussion within the industry.
qw's scoring criteria list tech giants like Microsoft, Apple, and Visa as 10/10 (strongest moat), emphasizing their key SaaS, brand ecosystem, or payment network effects. In his evaluation system, Bitcoin is rated separately as 9/10, and ASML is at the
View OriginalRecently, qw, co-founder of Alliance DAO, publicly shared his unique scoring system for competitive barriers across different industries, giving public chain projects a moat rating of only 3/10. This viewpoint immediately sparked heated discussion within the industry.
qw's scoring criteria list tech giants like Microsoft, Apple, and Visa as 10/10 (strongest moat), emphasizing their key SaaS, brand ecosystem, or payment network effects. In his evaluation system, Bitcoin is rated separately as 9/10, and ASML is at the