A profound critique of He Yi’s point of view: revealing the truth about the free market and VC investment in the currency circle
He Yi's article attempts to beautify the free market and VC investment in the currency circle, but in fact, her views are seriously misleading and ignore many key issues.
free market hypocrisy
He Yi claimed that the currency circle is a free market, with liquidity interoperability between CEX and DEX, but she completely ignored the problems of market manipulation and liquidity concentration in reality. Large exchanges significantly affect currency prices and market sentiment through currency listing fees and market creation, and conduct market manipulation, destroying market fairness and harming the interests of ordinary investors.
VC’s double standards
He Yi tried to defend VC investment, claiming that project parties with large financing are more likely to survive the bubble cycle, but she ignored the reality that many projects still fail to fulfill their promises after receiving financing. VCs obtain large amounts of tokens at extremely low costs in the early stages of a project, while ordinary investors can only enter at high prices and ultimately bear higher risks and losses. This monopolistic behavior is extremely unfair.
The illusion of DeFi
He Yi regards the rise of DeFi as the charm of the free market in the currency circle, but ignores the serious security and regulatory issues caused by DeFi. Although DeFi has increased liquidity, it has also caused a large number of security issues and lack of supervision, making the market more likely to become a breeding ground for illegal activities.
The real dilemma of IEO
He defended the rationality of IEO and the stability of market pricing, but ignored the actual problems of IEO. Many projects still have problems such as exaggerated publicity and immature technology. Market bubbles and hype still exist, and investors are prone to fall into high-risk investment decisions.
Summarize
He Yi's article is full of misleading and biased, seriously underestimates the control power of CEX on the market, overly beautifies the prospects of VC investment, and ignores the actual problems caused by DeFi and IEO. As a rapidly developing industry, the currency circle is full of opportunities and challenges. Investors should keep a clear mind, conduct in-depth analysis of project fundamentals, make prudent decisions, and avoid being influenced by market noise and emotions.
He Yi, I hope you can pay attention and participate in deeper conversations instead of simply blocking those who express different opinions. Investment is risky, so be cautious when entering the market.
