What is the cryptocurrency world?

Full of ideals and feelings, some criticisms also have a sense of "deep love and sharp criticism" for the industry, which is good. Here are some additional perspectives:

1. Speculation is the underlying foundation of the cryptocurrency world

The population stratification in the cryptocurrency circle has always been dominated by speculators. Therefore, the rapid development of Bitcoin in the early days was actually driven by speculative demand. Without the wealth effect, most people would not come to the cryptocurrency circle.

How do you view speculation? Vitalik Buterin, who once hated memes, recently wrote a golden sentence: "People come for money, but stay for ideals", which made me respect ETH even more.

Therefore, whether it is those who entered the circle to speculate on Bitcoin 10 years ago, or those who speculated on inscriptions and local dogs 10 years later, the essence of most of them is the same, that is, their original intention of entering the currency circle is "I want to get rich."

2. The most important thing in the cryptocurrency world

The most important application or mission of the cryptocurrency circle has always been to break the circle and let more people come in - this is the same as what the earliest Bitcoin evangelists did around Bitcoin. If more people do not come in, no one will have the opportunity to recognize the greatness of Bitcoin.

Satoshi Nakamoto once said: Bitcoin's transaction volume will either become very large or it will not exist.

In the beginning, Bitcoin's decentralized, peer-to-peer cash system was able to attract the most geeky people to come in and become the core.

But later on, when people talked about the cryptocurrency world with his neighbor Lao Wang, they would talk about distributed ledgers and decentralization for two hours, and he would politely but firmly refuse these things that he didn't understand.

But if someone says that Musk called for a thing called Dogecoin, and many people bought it, and it could increase 100 times, he would definitely say: Brother, can you teach me how to buy it? People come for money and stay for ideals.

3. Is Bitcoin a meme?

This issue seems controversial, but the core is actually different perspectives.

From a long-term and constructive perspective, how can it be a purely hype meme? It is an ideal, a belief, the future, the source of blockchain, and a great spirit. Isn’t it insulting Bitcoin to call it a meme? Because memes are just a bunch of shit.

But most people who think this way are "meat eaters", that is, people who hold a large number of early bitcoins. They always seem to be unable to resist coming out to denounce sb retail investors for not understanding and always speculating on empty talk.

"Those who eat meat are vulgar." They often don't realize that the first need of newcomers to the cryptocurrency circle is to get rich and survive. It is better to talk about ideals after surviving.

From a short-term, wealth-making perspective, in the eyes of newcomers, Bitcoin and other currencies are similar, and they are all targets that they want to speculate on. From a pure speculation and hype perspective, Bitcoin and PEPE are no different. Both are beliefs, consensus, and narratives. However, novices, especially those with small capital (accounting for more than 95%), may choose PEPE instead of Bitcoin.

They come to the cryptocurrency world to turn things around, not to double their money.

4. Wherever there are people, there is the world.

When @bc1qwworkshy passionately expounded on the decentralization of Bitcoin and the great significance of mankind's first possession of private property, I personally felt that such people are the backbone of the cryptocurrency community, and that if Bitcoin is to survive, there must be more people like this.

I personally have written that the significance of the advent of Bitcoin is no less than "the first time humans achieved upright walking."

However, it is undeniable that even such a great narrative was driven by the same speculative demand as today during its development, and people continued to go crazy for new hype:

For example, there were altcoins such as LTC at the beginning, and then the countless forked chains of Bitcoin, and then ETH directly opened up a new paradigm for everyone to issue coins, opening the Pandora's box of easy coin issuance. Everything seems familiar.

Wall Street never changes because human nature never changes.

Salute to Bitcoin!

Salute to Satoshi Nakamoto!

Salute to the old og in the currency circle!

I also pay tribute to every little leeks in the cryptocurrency circle who are trying hard to survive!

A tribute to every ordinary person who keeps the cryptocurrency world alive and growing from different perspectives.