Last year, attending the Consensus Conference, I lamented that it was the least consensus-oriented conference I'd ever attended. This year, I feel it's become the most "consensus-oriented" yet non-consensus conference. Here are two points: 1) The old crypto consensus, built around the cyclical consensus of constructing high-performance blockchain infrastructure, high-yield DeFi, and PVP gameplay like MeMe, is nearing collapse. Most projects are only clinging on by inertia, relying on their last bastions of community. While Wall Street institutions bring glamour and prestige, they lack warmth. This sense of the old consensus's irretrievable fragmentation is very strong. 2) The new crypto consensus revolves around the Agentic Economy and its derivative prediction market scenarios, Agent-related infrastructure (wallets, chains, distributed protocol networks), and Agentic... Native applications and other technologies are becoming the "fuzzy certainty" consensus of the next cycle, but most people are still dismissing this with the pessimistic view that AI doesn't need encryption. In short, the consensus of the old cycle is collapsing, and the consensus of the new cycle has already ignited among agents. The choice is yours: will you cling to the outdated and corrupt old consensus, grumbling and predicting the demise of encryption, or will you join the nascent mega-narrative of the next cycle and preemptively position yourself and build your business?