The story of inscriptions is indeed poignant, especially when looking back, as its very setting destined it to be a game full of competition. The so-called 'fair launch' seems decentralized, but in reality, it is difficult to escape the self-circulation of interests within the market. This model lacked genuine external incremental funding from the beginning, instead becoming a battlefield where internal players consumed each other.

In contrast, although the ICO era also had various problems, it at least attracted broader capital and attention in certain cases, forming a certain external driving force. Inscriptions, however, rely too heavily on 'internal faith', ultimately leading to difficulties in sustaining consensus. Miners remain miners, because inscriptions did not change their fundamental interest model, which may be one of the core reasons why inscriptions have failed to continue.

The essence of going beyond VC does indeed have contradictions: without strong financial support, it is difficult for projects to grow; but if they completely rely on internal funds, they often cannot escape the fate of internal competition. This story is not only a lesson from inscriptions, but also an experiment and reflection for the entire industry in exploring new models. #萨尔瓦多增持BTC #比特币市场波动观察 #PCE通胀降温 #市场调整後的机会？ #加密市场盘整