The “crypto” has become extremely boring and absurd. The pioneering technological forces that once represented the spirit of rebellion and decentralization have gradually become conservative, backward, and dominated by cronyism. The entire industry has one or more "emperors" manipulating attention and funding flows, suppressing or deliberately ignoring genuine innovation, and deceiving themselves in a toxic environment lacking real growth attributes and positive externalities. Under the guise of "construction," virtual valuations and meaningless assets are created. Hypocritical eunuchs and sycophants dominate the timeline, forming a profit-driven cycle based on cronyism. From the forefront of innovation to fertile ground for corruption and decadence, the industry has vanished, becoming a casino that operates 24/7.