In fact, the outcome of the war may have been predetermined, but a process is still needed to unify the consensus of the cryptosphere. In the end, if only one party must win, the result will only be encryption fundamentals. These people are the ones who implement the original intention of this industry. They have what V God said is the industry’s most scarce and unreplicable resource, and their legitimacy is like an imperial decree. Having said that, the whole process is still highly uncertain. How long it will last, and the compliance faction may be dominant for several years, is possible. These things have happened in 18 years, but the scale will be far smaller than this time.

Around this war, there will be a major reshuffle, a new narrative will unfold, and the value of the next ten years will be defined. Bitcoin's transformation from a piece of code to a trillion-dollar market capitalization is essentially a conquest of ideas. Relying on making money is too slow. The most advanced ones use ideas to spread and define a resource created by oneself as the wealth of the next generation.

Let’s talk about this first😆

The goal of the encryption industry has always been to subvert the inherent power structure and organizational form of human society. Decentralization, privacy, freedom, and fairness are all manifestations of this goal from different angles. Therefore, in the process of achieving this goal, there will definitely be conflicts with the vested interests of the old forces. Interested parties have long-term, antagonistic, and difficult-to-reconcile conflicts. The simplest is the way to deal with the governments of various countries, which is often referred to as supervision. Especially after the FTX explosion, even SBF, which has been closest to supervision, has had major problems, implicating many traditional financial institutions. It is conceivable that stricter supervision will definitely be introduced in the future, and it will be on a global scale. .

At that time, the encryption circle will definitely be divided into three factions. One faction embraces regulatory compliance, one adheres to the fundamental principles of encryption, and the other is centrist. The centrist will gradually polarize into the above two opposing camps in the process, so an internal encryption war is inevitable.

2/X

#221111

I find that I am still used to thinking about the future in WeChat group chats, and the more I chat, the more fun I get. I don’t have the urge to think and summarize here at all. I don’t know if it’s my own problem. I promised to post more here, but I failed to post it for many days, but in fact, the turmoil in the industry these days has brought a lot of inspiration. First force yourself to try it at this recording point and see if you can adapt to it.

Today, let’s talk about some assumptions and deductions about the future of this cycle. One guess is that an encryption war will break out in the next few years. At present, many crypto practitioners still have a high level of understanding of what this industry is doing. They still stay in the traditional dimension. They come to start a business and make products. There is a lot of money here and this is the future trend. These are all correct, but they are different from the original intention of this industry. Very far.

1/x

I plan to record some daily research thoughts here, which will not be too rigorous and may be whimsical. Declaring in advance can reduce the pressure and allow you to be more free. If there are unreasonable things, friends are welcome to discuss and correct them, but debates will not be accepted to reduce meaningless consumption.

I hope it can bring some quiet thinking power to myself and my friends in this anxious and changeable world, and find encryption rules that are still applicable across time and space😎

Hello, Binance