1. The bull market is almost over. Is now a good time to adjust the portfolio and replace the underperforming ones?
Sometimes it is difficult to measure a project in the short term. The poor performance of a coin in the past period of time may be due to its own reasons or market reasons.
If it were me, I would not simply judge whether a coin is performing poorly based on its price performance.
I will pay more attention to the fundamentals of the coin, comparing it vertically and horizontally. Vertical comparison mainly sees whether it is better than in the past and whether the team is still building; horizontal comparison is to compare it with other projects in the same track to see whether it lags behind other projects.
If the fundamentals are lagging behind, I might consider it, but if there are no major problems with the fundamentals and the coin price is just average, I might still keep it.
2. What do you think about the future crypto market?
I am still optimistic and look forward to the arrival of a real bull market. I still believe that we will usher in a bull market in the second half of this year and the first half of next year.
3. Is cake worth holding for the long term?
I don’t hold Cake and don’t know much about this coin. Of the DEX coins, I only hold CRV.
4. What do you think of the Ton ecosystem?
I don’t have any tokens of this ecosystem. The main reason is that the positioning of this ecosystem is rather awkward. From a purely application perspective, I think it is difficult to see whether it can develop a unique ecosystem for the time being.
But I am fascinated by the story behind Ton, especially Telegram. This team has a strong crypto spirit, which I sincerely appreciate.
This team is from Russia.
The Russian nation has produced a large number of rebellious people in both modern and contemporary times. In the traditional software field, the team behind Telegram is a typical example. In the encryption field, Vitalik is a typical example.
The Telegram team dared to reject the Russian government in order to protect privacy. Vitalik has repeatedly fought against strong pressure to defend privacy and his ideals. Recently, he was angry about the infringement of personal privacy by a new bill of the US government.
Sometimes, when I see that the team behind some highly crypto-focused projects is from Russia, and if I also know that they have a rebellious spirit, I will pay extra attention to them.
5. Is it appropriate to make regular investments when Ron falls?
Compared to Magic, at least in the gaming ecosystem, I think Ron's current performance is better. But my understanding of it is still very general, and I think it needs to be observed, so I just bought some, and I will not make regular investments in this cycle.
Magic has a new initiative to build its own second-layer expansion system. This approach is very similar to Ron's. Although it is hard to say how effective it is, at least it is empowering the ecosystem, which I think is worth observing.
6. Which coin on the first layer network is worth investing in?
I only invested in Bitcoin and Ethereum on the first layer of the network, and did not invest in any other coins.
7. What do you think of Sora?
This is a question about artificial intelligence. I have been learning some knowledge about artificial intelligence recently, so I will try to share my views.
Many people regard Sora as just a video processing tool, and then extend it linearly along this line of thought: we can make 5-minute videos now, 30-minute videos in the future, and 120-minute videos in the future... If we continue like this, one day artificial intelligence will subvert Hollywood and the film industry.
Is this idea correct?
Of course it is true, but it is too restrictive and not divergent enough.
This is just like when people first saw the Internet in the last century and saw that they could read news on web pages, they immediately thought that we would no longer have to read newspapers and that the Internet would subvert traditional media.
Now let’s look at it again, isn’t this association too flimsy?
The same goes for Sora.
One of the important significance of Sora is that it pre-processes the data in video format and then passes it to GPT, which can process the video.
So the key point here lies in data preprocessing, which is Sora’s core innovation.
According to this idea, as long as we can design appropriate data preprocessing tools, we can hand over data from various fields to GPT for processing.
This is actually how our brain works.
Our five senses collect completely different data, but all of them can be processed by the brain. In this process, the core role of our five senses is to pre-process the collected data.
According to this principle, as long as we know how the eyes pre-process data, we can make such a pre-processing device and connect it directly to the brain. The blind can then have the same vision as normal people. Humans may even have vision without physical eyes.
Similarly, as long as we can make suitable pre-processing equipment and connect it to the brain, we may also be able to possess the special abilities that animals have.
