On-chain observation
Seeing so many people sharing this post about how I wasted 8 years on Crypto, I feel a deep connection but also think it's overly pessimistic. Here are a few more objective thoughts:
1) I also entered the industry in 2017, which is exactly 8 years. Although there have been ups and downs, I think joining the Crypto field is the biggest opportunity in my life. Whether it is personal growth, wealth accumulation, resources and network accumulation, it far exceeds my experience in the Internet industry for more than 10 years.
This is absolutely true, and my gratitude to Crypto will always remain.
2) To be honest, from a purely personal experience perspective, the Crypto industry has matured over the past 8 years, but it has also gotten worse. It has lost the pure cypherpunk spirit of the past, the Holder faith, the motivation to continuously learn and innovate technologies, and the unwavering belief that Crypto will change the Internet in the future.
Instead, pure PVP gaming and nihilistic financialism have taken its place. Although it is difficult, disgusting, and frustrating, many people wear masks and pretend to enjoy it all for the sake of "making money".
3) The crypto industry itself is based on "consensus," and the difficulties everyone feels are a direct manifestation of the breakdown of consensus. But from the beginning when most people believed, to now when only a few people believe, and in the future when most people may leave, all the costs stem from the breakdown of consensus.
This is precisely why I repeatedly urge leading exchanges, veteran OGs, outstanding builders, and developers to reunite and collaborate on on-chain innovation. Because constant division and fragmentation, any false prosperity created by short-sightedness, will bring far greater costs, and in the long run, there are no winners. Yes, crypto for good! For you, me, and everyone.
4) Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of the industry and individualistic self-interest has overshadowed the industry's growth itself. However, I firmly believe that the majority still hopes for healthy industry growth, orderly market operation, and a respectable environment for making money.
Yes, even after seeing through the true nature of casinos, most people still hold the most rosy expectations for them. Pessimists are often right, but optimists are the ones who can change the world. I choose to be the one who "still loves the industry after seeing the truth."
5) The biggest paradox in the crypto industry right now is that it's using the most advanced technology to repeat the most primitive financial games. The disconnect between technology and application, and the decoupling of value and price, sounds contradictory, but it's even more ironic.
Fortunately, those who joined the Crypto industry earlier without hesitation brought many different things. The DeFi Lego edifice has not yet collapsed, and the collateralized lending and mining model has supported many DeFi farmers. The NFT, layer 2, and Agent craze has been criticized as a bubble, but it is undeniable that value always settles after each bubble bursts.
The crypto industry's unregulated nature gives it a unique advantage in terms of cold starts, trial and error, and iteration in innovative narratives. This gives both speculators and restless innovators a greater chance to seize opportunities. This fundamental characteristic of the crypto industry has never changed.
above.
I love Crypto because I love its complexity and unpredictability. Those who truly change the world are not those who choose to flee after seeing the truth, but those who choose to stay and fight despite knowing the truth. Let us encourage each other.
