Bloomberg published an editorial stating that Bitcoin has no industrial use, no actual cash flow, and no connection to the real economy.
Bitcoin is merely a purely speculative tool. Its price entirely depends on how much a bigger fool is willing to pay.
Besides wasting taxpayer funds, creating a Bitcoin reserve will only enrich existing Bitcoin owners. The U.S. government will become that 'bigger fool' in the market.
1. The Governance Chapter Labs and Binance have long been in competition. Since the renaming to Yzi, with Ella in charge and CZ directly overseeing, despite investing thousands, there has been no private exchange. The listing system hangs as a scale; the law for officials establishes rewards and punishments for corruption. Anyone who sees private dealings can directly report them to the heavens.
2. The Anti-Fraud Chapter The marketplace is rife with false claims of "He Yi's close friend" for profit, but in reality, it is merely shared leadership with Ella in Labs. The so-called "backdoor" is actually the rightful path to attract talented individuals. Anyone who offers advice and suggestions, even if they are commoners, should be listened to; this is the essence of putting users first.
3. The Market Chapter The cryptocurrency market has seen seventeen years of rise and fall. Initially focusing on infrastructure, then pursuing DeFi, and now troubled by the scarcity of quality assets. With political winds shifting, ETFs drive the market, while MEME hype spreads like wildfire, the true value still awaits dawn. Though the road is obstructed and long, dawn is to be expected.
4. The Righteous Profit Chapter Many have become rich quickly by issuing coins, but few adhere to the right path. If one uses reputation as collateral, it will ultimately be like cooking rice with sand. The success of BNB lies in acting against human nature: only those who do not love money can attain the way of heaven; those who change the world will ultimately be richly rewarded. This is the true essence of blockchain's transformation of production relationships.
5. The Rectification of Names Chapter Rumors fly like arrows, from being labeled as "English illiterate" to the "underwear scandal", even dissecting the stomach to test the powder is hard to clarify. However, the pure will clear themselves, while the corrupt will remain tainted. Now the mirror is held up to the officials, seeking only a clear and bright world.
In the night rain of the rivers and lakes, ten years of lights, let us await the clear moonlight and gentle breeze.
Yi He
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Some clarifications and reflections on Labs
1. The relationship between Labs and Binance 1. Binance labs has been renamed as Yzi labs and operates independently. Ella Zhang is the person in charge and CZ directly manages Labs. Currently, there are thousands of projects invested in, and only a very small percentage of the projects are listed on Binance. From the first day of the establishment of Labs, these are two completely independent teams, making independent decisions. 2. The coins listed on Binance are isolated by layers of firewalls, but one thing that is undeniable is that if Binance is willing to give a certain amount of coins as airdrops to users, it will serve as a reference indicator. 3. Labs staff and public investment project information, as well as the names of other investors in the market. Investment information is basically public information in the market. If there is a record of bribery, we welcome evidence and public supervision. If any Binance or Binance-related employee asks for money, shares, or tokens from any project or partner, we will definitely send them to jail and ruin their reputation.
1. The relationship between Labs and Binance 1. Binance labs has been renamed as Yzi labs and operates independently. Ella Zhang is the person in charge and CZ directly manages Labs. Currently, there are thousands of projects invested in, and only a very small percentage of the projects are listed on Binance. From the first day of the establishment of Labs, these are two completely independent teams, making independent decisions. 2. The coins listed on Binance are isolated by layers of firewalls, but one thing that is undeniable is that if Binance is willing to give a certain amount of coins as airdrops to users, it will serve as a reference indicator. 3. Labs staff and public investment project information, as well as the names of other investors in the market. Investment information is basically public information in the market. If there is a record of bribery, we welcome evidence and public supervision. If any Binance or Binance-related employee asks for money, shares, or tokens from any project or partner, we will definitely send them to jail and ruin their reputation.
🚨Alarm bells ring, a fortune in gold! Videos and live broadcasts have mentioned it many times, by the 25th, I'm all in! #TRUMP Left-side trading, as long as you have hands, I'm just a porter for support and resistance...😄
The President Coin Speed Pass is now nearly 20 billion USD..
It has long surpassed SHIB and is now the second largest meme in the world. The largest is DOGE, with a circulating market value of 3.8 billion USD, which is already in the TOP 40.
Bloomberg published an editorial stating that Bitcoin has no industrial use, no actual cash flow, and no connection to the real economy.
Bitcoin is merely a purely speculative tool. Its price entirely depends on how much a bigger fool is willing to pay.
Besides wasting taxpayer funds, creating a Bitcoin reserve will only enrich existing Bitcoin owners. The U.S. government will become that 'bigger fool' in the market.
Vana: Manual airdrops will be conducted due to excessive traffic
PANews December 16 news, the decentralized AI data liquidity network Vana stated on platform X that due to excessive traffic, the eligibility function for many airdrops cannot be accurately displayed, and Vana will conduct manual airdrops.
Two whales have accumulated a total of $11.36 million in PEPE over the past 13 hours
Foresight News reports that on-chain analyst @ai_9684xtpa has monitored that two whales have accumulated a total of $11.36 million in PEPE over the past 13 hours. The address starting with 0x53A first established a position of 230.1 billion PEPE two hours ago, valued at approximately $5.65 million; the address starting with 0x51C initiated the 9th round of trading over the past 13 hours, establishing a position of $5.71 million in PEPE.
Dogecoin suffered a vulnerability attack, causing 69% of nodes to crash
According to PANews, Dogecoin recently suffered a "Dogereaper" vulnerability attack, causing 69% of nodes to crash. Sequentia developer Andreas Kohl implemented the attack using only an old laptop.
The vulnerability was disclosed by ecash developers Tobias Ruck and Roqqit. Tobias Ruck first discovered this vulnerability while developing Doged and found a segmentation fault in the original code during testing of the ported code.
Tobias Ruck said they had patched the vulnerabilities before the attack and ensured network security, emphasizing the importance of exercising caution.
Sun Yuchen spent 6.2m USD to buy a banana artwork titled "Comedian" which does not require special preservation,
The main reasons are as follows: 1. Replaceability: The essence of the artwork lies not in the banana itself, but in its concept. According to the artist Maurizio Cattelan's instructions, fresh bananas need to be replaced regularly during the exhibition. 2. Composition of the work: • A roll of tape • A banana • Certificate of authenticity • Detailed installation instructions 3. Display requirements: • The banana should be replaced every 7 to 10 days • It should be adhered at a height of 175 centimeters from the ground 4. Collector's responsibility: The purchaser does not need to take special care of the artwork, just purchase fresh bananas when exhibiting or transferring it. 5. Conceptual art: Sotheby's confirmed that actual materials will be replaced during each installation, as this is a piece of conceptual art. 6. Artist's attitude: When the banana is eaten, Cattelan stated, "It's completely fine."
In summary, the value of this artwork lies not in the physical object itself, but in its concept and creativity. The focus on preservation lies in keeping the certificate and installation instructions, rather than the banana itself. During the exhibition, just follow the instructions to replace the fresh banana.
Making money while lying down is the greatest dignity for adults. On the road to poetry and the distance, you need both passion and money. In the face of great opportunities like the Bitcoin ecosystem, you should suffer more when you can.
Life does not have so many climaxes, and success will only appear in 1-2 of them. Be prepared!
I remember when I first entered the scene, BTC was around 1200U, and now it's close to a hundred thousand. Choosing this industry and lying flat doing nothing might be the most correct thing I've done in my life so far.
A friend who has passively dealt with all the major exchanges told me privately that Binance is really the best exchange, no doubt about it.
In the short term, there are only so many narratives and circles in this industry, just like if you stare at something too closely for too long, no matter how beautiful it is, you will get bored. This is why many people don't understand why the mistress is worse than the real wife, and why a man with a beautiful wife still goes out to mess around, but they just can't figure it out.
This morning, I was honored to have an hour-long phone call with an industry OG who started mining BTC in 2012. I am still excited about what this industry can do. Blockchain and encryption technology still have great potential for reducing transaction costs, promoting globalization, promoting equality, and reconstructing the financial order.
@heyibinance has always maintained an open attitude, looking at and responding to the voice of the community, which is an important magic weapon for continuous improvement.
If we disagree, you may be right - of course, you may be wrong.
Yi He
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If we disagree, you're probably right.
1. Is the cryptocurrency world going to end? Recently, many posts in the industry that are pessimistic about blockchain are very popular. Many people outside the industry are asking me if the blockchain scam is over? People in the industry are asking if the industry has no future? What stage of the cycle are we in? Compared with good news, bad news is more likely to make headlines, and bad news is also more likely to get more traffic and attention. What is more worthy of ridicule than people in the cryptocurrency circle pessimistic about the cryptocurrency circle? These behaviors and emotions are constantly contagious, engulfing traffic and intensifying. Even some OG retirements have been magnified as evidence that "the cryptocurrency circle is over." Some industry-firm idealists also reveal anxiety and confusion in their chats with me.