Considering the subsidy wars between other companies like Meituan and Alibaba and JD.com, Alibaba has Alibaba Cloud and Taobao, and JD.com has e-commerce, many crises actually come from giants in other fields.
The former three giants were Baidu, Alibaba, and Tencent. Baidu is a bit of a disappointment. I remember there was a Baidu Star competition back then, and they were burning money on AI, but it seems like nothing came of it.
That's how entrepreneurship feels. In most cases, the best option after reaching a certain level is to be acquired and quickly monetize. Why do so many public chains fail? It's simply because they don't have a powerful backer, like Binance or Coinbase, to provide long-term resource support. Of course, most public chains are just selling a story; they don't actually want to succeed.
When there aren't many competitors yet, taking advantage of the vacuum period to accelerate development and raise funds is the right thing to do. However, if you get carried away after raising funds and think you're all that great, then you're making a fool of yourself. OpenSea is a prime example of this.
I admire those who can delve deeply into a particular field, continuously build upon their skills, and persist in doing the most challenging things.
My reason for appreciating Binance's BSC chain isn't because of CZ and He Yi, whom I even dislike a bit 😄, or because of their awards, but because of people like @cyodyssey and @48ClubIan who are more pragmatic and engineering-oriented.
As for okx, it's because they have people like Fourteen, and they've also open-sourced a lot of things.
Just like Jet Li said, "This punch of mine is the result of 20 years of internal energy. Can you withstand it?"
Hopefully, in another 2-3 years, I'll be incredibly strong too. I need to focus more on learning RevM.
twitter.com/seaify1/status/200...
