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What I See in the Coin Circle Preface: Learn to accept that anything can happen and allow everything to happen, especially in the cryptocurrency industry. Regarding BTC: I don't believe in BTC, I haven't hung BTC before. But I am grateful for BTC, grateful for Satoshi Nakamoto. Regarding blockchain: Previously, the cryptocurrency circle was divided into three circles: pie circle, chain circle, and disk circle. People from three circles look down upon each other. Nowadays, people in the pie circle are either free or lose in various positions. Those in the circle have entered the chain circle through OKX TRX BSC. The coin circle only has the chain circle left. People in the blockchain industry dream of mass adaptation every day, but MEV cannot solve it. I don't know how to solve it, but I think MEV must completely solve it in order to move towards mass adaptation. The cryptocurrency community is all about players, not users. This sentence was said by me three or four years ago. That year, public blockchains and gamefi were flying everywhere, and a group of people were playing around. It still remains the same today. Just a few people are playing, there are no users, only money making players. This is currently the biggest problem with blockchain. At this point, I want to talk about U-cards. There are several evergreen tracks in the blockchain industry: public chains, exchanges, lending, and payments. The earliest BTC did indeed conduct payment settlement, as stated in Satoshi Nakamoto's white paper. The U-card actually has a very serious problem: People who need it are always prone to non-compliance (recently Bybit cards have been banned again), and compliant people cannot use it. This is also a microcosm of most blockchain projects. Bullish projects do not issue coins: USDT USDC. The coin issuance project is not impressive. Ultimately, without users, to be more concise, it's useless. This is the current state of the cryptocurrency industry, it's useless. Oh, there seem to be a few exceptions as well. There were a few amazing projects that issued coins, but they didn't use the coins, didn't distribute dividends, didn't repurchase, and gradually, there were no more users. Regarding MEME: Since it's useless, let's go straight to MEME. So this is the reason why MEME has become popular in the past two years. BTC breaks new highs, crypto players need to engage in wealth transfer movements, and the MEME wave is born. Whether you say it's money laundering or conspiracy, the tide is coming. I am a staunch believer in shanzhai, and I have been making profits and losses in MEME. The final settlement may be a draw. Why is the MEME bull market not sustainable and always cutting off from each other? Because there is no VC to take over. Why isn't there a VC to take over? One reason is that VC has run out of money and has already invested; Secondly, it's really difficult to explain why VC bought MEME. I have always told my friends that if VC does not accept the offer, it will be difficult for MEME to have a big market, but in the end, I still became greedy and went back. VC positions are generally held for a relatively long time. Without VC, it is difficult for the market to become bullish if it is dominated by retail and large investors. As soon as there is any disturbance, everyone will smash it into pieces, and over time, the ecology will deteriorate. Of course, I haven't joined a VC before, and I don't know any VCs. These are all my guesses. Will MEME continue to experience a bull market? I think it's difficult. Deceiving people is possible, but pay attention to the frequency. VC still won't take over, and the ecosystem won't change much. Regarding hairlifting, low-risk arbitrage, and arbitrage rates I was basically one of the earliest hairdressers in the cryptocurrency industry, and I haven't done anything since then. I think the hair raising track will continue to exist, and there will also be some amazing performances, but it's too intense. On chain arbitrage is still being conducted, but it is currently being considered as the risk is too high To manage your wallet well and ensure that there are no issues with the agreement, go ahead and try your luck. In my understanding, any protocol being hacked is only a matter of time. Is ETF CB BN necessarily safe? This is also a recent issue being considered. In middle age, people tend to worry unnecessarily. In the past two years, it has become increasingly difficult to do the set rate, which is also due to compliance. Now, as long as the market fluctuates slightly, the rate will disappear and the dividends will become less and less. These are all obvious things. Regarding the contract: Contracts are tools that amplify human nature. Those who can handle it can make money, but 99.99% of people are not suitable. I've been playing for 8 years, and the final tally doesn't make any money. Regarding human nature and practitioners: I think the people in the cryptocurrency circle are too bad now, they just want to take each other's money. The project team has also deteriorated. The VC coin model was invented out of fear that the project team would not work hard. Unexpectedly, the lower limit became lower and lower, and they stopped working after receiving millions of dollars. In the past, people really wanted to make the cake bigger, but now people only want to take a bite and leave. The number of people who want to eat this bowl of rice has also increased, from Dr. Stanford to Little Sister Spirit. There are more and more people in the industry, but there are also more and more bad people. Regarding Level 2: The second level of the cryptocurrency circle is the most tiring, 7 * 24. I want to share something, but it seems like I can't come up with any theory. I think it's all luck that always brings me back to life. Regarding Binance, OKX, Exchanges, and DEX I am an old user of BN, I started using it in 2017 and have used several accounts. There aren't many individual traders trading on VIP9, I'll count one. I really don't like the current BN, it keeps pooping in the industry, it smells so bad to me. The impression that the listing team gives me now is actually just one person. It's useless to just say it. We can only wait for them to change on their own. Nurse Xu also earned a lot of money and a lot of cake in her early years. After coming out of it, she should really want to do something for the industry. The problems that DEX needs to face are those experienced by CEX: When there are too many users, they will get stuck, and the chain will get stuck. Anyway, they will get stuck. There are also compliance issues, which are a long and arduous task. About me: Why withdraw from the circle? The main reason is that I feel meaningless in the cryptocurrency industry. Everything in the cryptocurrency circle is meaningless, it's all numbers. I am somewhat sentimental. There is only wealth transfer here, one A9 corresponds to 100 A7 bankruptcies. Because I used to be the bankrupt A7, sometimes thinking about it makes me feel a little uncomfortable. I want to do something truly meaningful. Afterword: All the current problems in the cryptocurrency industry mentioned above will be solved by a flood. But when floods flood, aren't other markets just as prosperous? The gap between people is bigger than the gap between people and dogs, "someone told me three years ago. At that time, I thought he was very contemptuous of personality, but now I find it increasingly reasonable. Fragmented thoughts: Back then, I was stubborn and couldn't listen to anything I said, but now I'm silent.