加密价值投资
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The DAO mess
PandaDAO 10,000-word interview: DeWork's largest DAO organization disbanded, what lessons have we learned? https://mp.weixin.qq.com/s/QIceGcOwr5ShY__pFYxcfw
I watched this interview in 2022. After reviewing the interview with the founder of panda dao, we can find that in order to do the so-called governance, Panda dao basically did nothing serious in the early, middle and late stages. No matter whether you call it dao or a company, ngo or community, there is no mature business model, or a public welfare model similar to gitcoin and op. There are problems with its survival. Every day, it is tired of dealing with all kinds of weird interests in the so-called community. There will definitely be a lot of content that needs to be governed, and there will definitely be a lot of different opinions. It will definitely require painful voting every day, and there will definitely be a mess in the end. In my opinion, Panda dao is like this, and the same is true for nouns dao. Don't think that if you name it dao, you can really fly up inexplicably with the help of the so-called encryption technology. When you initiate, you may feel that you are different from the so-called company and are an innovative thing, but when you die, please pay attention to the mess you die with, which is no different from the hair of a company-like organization. Don't ask me how I know, it's all blood and tears~
I watched this interview in 2022. After reviewing the interview with the founder of panda dao, we can find that in order to do the so-called governance, Panda dao basically did nothing serious in the early, middle and late stages. No matter whether you call it dao or a company, ngo or community, there is no mature business model, or a public welfare model similar to gitcoin and op. There are problems with its survival. Every day, it is tired of dealing with all kinds of weird interests in the so-called community. There will definitely be a lot of content that needs to be governed, and there will definitely be a lot of different opinions. It will definitely require painful voting every day, and there will definitely be a mess in the end. In my opinion, Panda dao is like this, and the same is true for nouns dao. Don't think that if you name it dao, you can really fly up inexplicably with the help of the so-called encryption technology. When you initiate, you may feel that you are different from the so-called company and are an innovative thing, but when you die, please pay attention to the mess you die with, which is no different from the hair of a company-like organization. Don't ask me how I know, it's all blood and tears~
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Refutation of Bitcoin's lack of intrinsic value
#加密价值投资 #bitcoin☀️
Buffett believes that the main reason for buying Bitcoin is to sell it at a high price, while Munger believes that Bitcoin is a pile of shit. Although I respect their contributions to stocks, company acquisitions, and value investing, I dare not agree with their views. Here is a brief analysis of the problems with their views. The anchor point of value investing in stocks lies in the company's profits and assets, and the anchor point of value investing in commodities lies in the supply and demand relationship. Using the perspective of stocks to analyze commodities, such as gold, of course you will come to Buffett's conclusion. He said that if you buy an ounce of gold, no matter how you caress it or appreciate it, it will still be an ounce of gold after more than 10 years. Therefore, Buffett believes that gold and Bitcoin have no intrinsic value and are not worth investing in stocks. From the perspective of the market, of course there is no problem, but the intrinsic value of commodities lies in the imbalance of supply and demand in specific scenarios. For example, if a large-scale war occurs, then gold is hard currency. The so-called antiques in prosperous times and gold in troubled times are a consensus worldwide. Of course, gold in troubled times is one of the intrinsic values of gold. Secondly, in order to solve the employment problem, the modern economy will adopt moderate monetary inflation to stimulate the economy, so the currency must be over-issued. This is the reality and essence of the modern economic ecology. Therefore, the over-issued currency also needs to enter the gold, Bitcoin, and stock market to gamble and spin. Otherwise, the price of daily necessities will be hyperinflated. This is the second intrinsic value of gold and Bitcoin, which is the bargaining chip for gambling and spinning. Simply put, the intrinsic value of commodities depends on the imbalance of supply and demand.
Buffett believes that the main reason for buying Bitcoin is to sell it at a high price, while Munger believes that Bitcoin is a pile of shit. Although I respect their contributions to stocks, company acquisitions, and value investing, I dare not agree with their views. Here is a brief analysis of the problems with their views. The anchor point of value investing in stocks lies in the company's profits and assets, and the anchor point of value investing in commodities lies in the supply and demand relationship. Using the perspective of stocks to analyze commodities, such as gold, of course you will come to Buffett's conclusion. He said that if you buy an ounce of gold, no matter how you caress it or appreciate it, it will still be an ounce of gold after more than 10 years. Therefore, Buffett believes that gold and Bitcoin have no intrinsic value and are not worth investing in stocks. From the perspective of the market, of course there is no problem, but the intrinsic value of commodities lies in the imbalance of supply and demand in specific scenarios. For example, if a large-scale war occurs, then gold is hard currency. The so-called antiques in prosperous times and gold in troubled times are a consensus worldwide. Of course, gold in troubled times is one of the intrinsic values of gold. Secondly, in order to solve the employment problem, the modern economy will adopt moderate monetary inflation to stimulate the economy, so the currency must be over-issued. This is the reality and essence of the modern economic ecology. Therefore, the over-issued currency also needs to enter the gold, Bitcoin, and stock market to gamble and spin. Otherwise, the price of daily necessities will be hyperinflated. This is the second intrinsic value of gold and Bitcoin, which is the bargaining chip for gambling and spinning. Simply put, the intrinsic value of commodities depends on the imbalance of supply and demand.
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Most VC coins are deliberately deceiving people, which is worse opium
#加密价值投资
https://mp.weixin.qq.com/s/NNK1yX6Fr2OoYmOTvk2ougIOSG Founder: MEME is like opium. Entrepreneurs should resist MEME
Haha, you are talking in a righteous way, as if vc coin is not meme, and it is unfair to talk about meme without talking about vc coin. Although I also invest in vc coin, vc coin is deliberately deceiving people, which is more serious. In my opinion, vc coin is a more opaque meme that runs a casino and is also a banker. If you say that meme is Western opium, but Western opium is nonsense. Opium did not originate in the West, nor was it promoted by the so-called West. I feel that people who work in blockchain have not received education? Basically, they have no common sense? Then say that meme is opium, then vc coin is even more opium, and most vc coins are opium that deliberately cheats people. Meme is a gambling coin, and it may be fairer to say it better. But to be clear, I personally do not buy memes and do not participate in gambling~~
https://mp.weixin.qq.com/s/NNK1yX6Fr2OoYmOTvk2ougIOSG Founder: MEME is like opium. Entrepreneurs should resist MEME
Haha, you are talking in a righteous way, as if vc coin is not meme, and it is unfair to talk about meme without talking about vc coin. Although I also invest in vc coin, vc coin is deliberately deceiving people, which is more serious. In my opinion, vc coin is a more opaque meme that runs a casino and is also a banker. If you say that meme is Western opium, but Western opium is nonsense. Opium did not originate in the West, nor was it promoted by the so-called West. I feel that people who work in blockchain have not received education? Basically, they have no common sense? Then say that meme is opium, then vc coin is even more opium, and most vc coins are opium that deliberately cheats people. Meme is a gambling coin, and it may be fairer to say it better. But to be clear, I personally do not buy memes and do not participate in gambling~~
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#加密价值投资
A public account posted that it was going to set up a spot group, a circle of high net worth people!
When you see this kind of information in the currency circle, you can make two judgments. First, someone wants to cut leeks. Second, if this kind of information becomes more, and many people in your circle of friends want to set up a group to cut leeks, both on the intranet and the extranet, in China and abroad, such as Twitter, they all want to set up a group to cut leeks. It is almost equivalent to Peter Lynch's cocktail party theory, that is, the bull market is coming to an end, hahahahaha $BTC $ETH
A public account posted that it was going to set up a spot group, a circle of high net worth people!
When you see this kind of information in the currency circle, you can make two judgments. First, someone wants to cut leeks. Second, if this kind of information becomes more, and many people in your circle of friends want to set up a group to cut leeks, both on the intranet and the extranet, in China and abroad, such as Twitter, they all want to set up a group to cut leeks. It is almost equivalent to Peter Lynch's cocktail party theory, that is, the bull market is coming to an end, hahahahaha $BTC $ETH
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#加密价值投资
DAO's mess Part 2 - What kind of operation op does DAO need?
From my personal perspective, I don't need to care about my operation op at all. I will do what I want to do, or arrange for people in my company to do it, and I don't need to command community members to do it. So I don't need to care about my operation op at all. He/she/ta has independent thinking, independent operation ideas, independent personality, and independent spirit. He/she/ta chooses to do it with his/her independent and free will, chooses the common concept of consensus, and chooses what we all want to do, not because the community gives money, or the community has resources, or because of personal feelings. He/she/ta will think that doing community things is doing what he wants to do, and the so-called community things are just doing it by the way. So I think that among the crypto communities I have participated in, I think the best and most appreciated one is uncommons. 1. Because the content can be appreciated by Mr. Guo Yu, of course I like it too; 2. From the beginning of Dasong and key to now, uncommons has never cared about me, of course I don't care
DAO's mess Part 2 - What kind of operation op does DAO need?
From my personal perspective, I don't need to care about my operation op at all. I will do what I want to do, or arrange for people in my company to do it, and I don't need to command community members to do it. So I don't need to care about my operation op at all. He/she/ta has independent thinking, independent operation ideas, independent personality, and independent spirit. He/she/ta chooses to do it with his/her independent and free will, chooses the common concept of consensus, and chooses what we all want to do, not because the community gives money, or the community has resources, or because of personal feelings. He/she/ta will think that doing community things is doing what he wants to do, and the so-called community things are just doing it by the way. So I think that among the crypto communities I have participated in, I think the best and most appreciated one is uncommons. 1. Because the content can be appreciated by Mr. Guo Yu, of course I like it too; 2. From the beginning of Dasong and key to now, uncommons has never cared about me, of course I don't care
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#加密价值投资 The explanation is a bit long-winded, but the principle is still the same, that is, no matter whether it is a bull or bear market, no matter whether the FDV is high or low, if you don’t understand it and don’t want to hold it for a long time, no matter whether it is a new or old stock, stay away from it, otherwise you will die miserably. This is a painful lesson.
Yi He
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Recently, some friends have been discussing what coins should and should not be listed on Binance. I will try to explain: The cryptocurrency world is a free market. The liquidity and trading volume of CEX and CEX, CEX and DEX, and various trading platforms are a total pool. CEX is not a closed market. Even if Binance does not list these projects, these projects still exist. Trading volume and funds will also be diverted to the corners of the entire industry. In addition to the unlocking of VC-invested projects, Meme coins, chain-based local dogs, wool-pulling, and capital plates will all be diverted. After the ETF is approved, the traditional financial market will also divert funds that flow directly to the cryptocurrency world. Let's look at VC again. Some VCs are indeed the core reason for the inflated prices, but VCs generally raise funds from LPs for a 7-year lock-up period of 4+3 years, collecting management fees + dividends; VCs are generally unlocked one year after TGE (not all), so many VCs in the cryptocurrency circle are also going bankrupt, and some VCs' LP investments in the cryptocurrency circle may also return to zero; and project parties that have received large amounts of financing have more possibilities to cross the bubble cycle, but the fundamentals of the currency price and governance model are determined by the project party, and there is no standard answer. Therefore, before investing, everyone needs to do a more in-depth analysis of the project tokens, such as token application scenarios, release cycles, holding ratios, and initial circulation. There is no standard answer.
The rise of Defi has brought more liquidity to the industry and increased freedom, which has increased the difficulty for CEX to try to formulate rules, but this is precisely the charm of the free market in the cryptocurrency circle. DYOR
The rise of Defi has brought more liquidity to the industry and increased freedom, which has increased the difficulty for CEX to try to formulate rules, but this is precisely the charm of the free market in the cryptocurrency circle. DYOR
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#加密价值投资
If you make money, you will naturally have reasons to be optimistic. If you stand guard at a high position or the coins you bought don’t rise sharply, you will naturally have reasons to be pessimistic. As for the awesome innovation, it has been growing slowly in a corner (because the definition of awesome is logically unknown to the public at the beginning), just be calm
《This makes me feel very strange, what reason is there to be pessimistic?
This is very similar to planting a fruit tree, the roots are growing, the branches are growing, the leaves are growing, but it has not yet borne fruit.
If you only focus on the fruit, it will be a long and painful time.
Most of the people in the currency circle are investors, and it is easy to fall into this kind of sadness without fruit. —Orange Book》
If you make money, you will naturally have reasons to be optimistic. If you stand guard at a high position or the coins you bought don’t rise sharply, you will naturally have reasons to be pessimistic. As for the awesome innovation, it has been growing slowly in a corner (because the definition of awesome is logically unknown to the public at the beginning), just be calm
《This makes me feel very strange, what reason is there to be pessimistic?
This is very similar to planting a fruit tree, the roots are growing, the branches are growing, the leaves are growing, but it has not yet borne fruit.
If you only focus on the fruit, it will be a long and painful time.
Most of the people in the currency circle are investors, and it is easy to fall into this kind of sadness without fruit. —Orange Book》