This sharp statement from #Vitalik directly exposes the various chaos in the current cryptocurrency circle, prompting deep reflection: What exactly is wrong with the crypto world? Why has the dream of disrupting traditional finance turned into a game of capital?
⚡ Vitalik's three major criticisms:
1️⃣ Overly chasing profits:
The crypto world now resembles a 'paradise for quick profits', with many projects lacking a technical foundation yet attracting funds through speculation. Short-term high returns have become the only goal, and technological innovation has been completely overlooked.
2️⃣ Ignoring the technical foundation:
At the birth of cryptocurrency, cryptography and cybersecurity were the soul, but now many projects can't even meet the most basic security standards, with frequent vulnerabilities and constant hacker attacks, leading to user asset security becoming a joke.
3️⃣ Deviating from the original intent:
From the ideal of decentralization in Bitcoin to the innovation of smart contracts in Ethereum, cryptocurrency was originally supposed to be a technology that changes the world, but now it has become a breeding ground for speculation and bubbles.
💡 Where should the future of the crypto world head?
📌 Return to technological innovation:
The industry needs to refocus on cryptography, cybersecurity, and genuine technological breakthroughs, rather than merely pursuing capital games. Whether revolutionary applications can be launched is key to the continued development of the crypto world.
📌 Enhance security standards:
Smart contract vulnerabilities and exchange security incidents are continuously eroding user trust in the industry. The development of cryptocurrency needs higher technical thresholds and security guarantees.
📌 Get rid of the speculation culture:
The long-term development of the crypto world requires a more transparent and healthy ecosystem, rather than chasing the next 'hundredfold coin' every day.
🤔 What can we do behind Vitalik's criticism?
Vitalik is right, but the root of the problem is deeper—the internal driving forces of the industry have deviated. Currently, most investors pursue high returns, and project teams cater to this, creating a vicious cycle. To truly change, the entire industry needs reflection and action.
For ordinary investors, rather than blindly chasing short-term profits, it is better to focus on the long term and support projects that concentrate on technological innovation and practical application. These are the forces that can truly create value and change the future.
🌟 About ρꪊρρⅈꫀડ: An example worth paying attention to
In the current chaotic market, the small project ρꪊρρⅈꫀડ is one of the few that focus on community building and application scenarios. With its low market cap and high activity, it is attracting more and more attention. More importantly, its community culture advocates long-term value investing, which stands in stark contrast to the current restlessness in the crypto world.
Perhaps projects like ρꪊρρⅈꫀડ are exactly what the crypto world needs as a touch of 'original intent'. Supporting technological implementation and valuing community strength may be a new direction for the crypto world to return to the right track.
The last sentence: The future of the crypto world lies not only in technological innovation but also in the choices of each participant. Support those projects that truly have value, and let’s bring cryptocurrency back to its original intent! What do you think about Vitalik's criticism? Will ρꪊρρⅈꫀડ become the next dark horse? Feel free to share your thoughts!$BTC $XRP #本轮牛市周期预期 
