The currency circle is too abstract. Recalling the last round of Defi Summer, we could still proudly tell outsiders that blockchain changes the world. Look at our P2P with second-level settlement on the chain, which is both transparent and safe. Your traditional finance is scum. This round, I am embarrassed to tell outsiders that I am a bad currency speculator. I can only hold Bitcoin silently without saying a word. When someone asks me what I buy, should I tell him that I am going to buy air coins? Tell him to come to the chain for PVP, where there are ten times or a hundred times the chance every day? Maybe others can only think that I am crazy.

So behind the seemingly crazy situation, it is not progress for the entire industry, but a big setback. If it continues to develop at this trend, the industry will eventually retreat to only one currency, that is, Bitcoin. It is like sailing against the current. If you don’t advance, you will retreat. There is no real innovation and development in the industry. A bunch of MEME coins are speculated every day, and the existing stocks are self-satisfied. Bad money drives out good money. Everyone should reflect on it. If this continues, what will we have left except for a short-term boom? Will everyone become electronic beggars in another five years? After so many rounds of bull and bear markets, it is a bit sad to see the current scene. Maybe this is the world of young people, and it is difficult for us old people to understand~