Chainfeeds Introduction:
Cryptography researcher NingNing believes that no matter how sophisticated the design of a Ponzi disk is, it is essentially a physical dissipative system that requires continuous input of energy or matter from the outside to maintain its structure and function. The cryptography industry needs to solve real problems and build projects that continuously innovate, improve efficiency, and create real value.
Source:
https://x.com/0xNing0x/status/1834199951783723364
Article author:
Ning
Viewpoint:
NingNing: Observing the Ponzi Scheme from the perspective of a physical dissipative system: "Low entropy" energy = "Ordered structure" of the funding system for new investors = Pyramid stratification of investors "High entropy" waste = loss of funds and loss of trust Reduced energy quality = More and more new funds are needed to maintain the same rate of return Limited external resources = Limited potential investor group Entropy accumulation = Overall decline in market trust Rising structural maintenance costs = The cost of attracting new investors is getting higher and higher Just as any dissipative system will eventually collapse due to the inability to obtain enough "low entropy" energy, the Ponzi scam will inevitably collapse due to the depletion of new funds. This is not accidental, but the inevitable result of the law of increasing entropy. The crypto industry has come to this day, inseparable from the early Bitcoin OG preaching and the subsequent top VCs such as A16Z and Pentera constantly creating new narratives and building new primitives. From the perspective of the theory of the market, they are creating the market on the one hand, attracting new investor funds on the other, and then exiting in the bull market cycle. But this "business model" has been involuted to this day, and may have approached the upper limit of this dissipative system. The path to breaking through is to build projects that are constantly innovating, improving efficiency, and creating real value. This can keep the system in a state of "far from equilibrium", generate new and unexpected structures and functions, and further enhance its sustainability. Therefore, the crypto industry urgently needs its own "ChatGPT" moment. The recently popular new tracks such as PayFi, Consumer Chain, AI Agent with Crypto Wallet, and chain abstraction are all new solutions born under such environmental pressure. Of course, when evaluating the value of these projects, we need to think in reverse about inherent thinking such as technological determinism, background determinism, and Infra worship, and return to products and growth.
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