"What is the coin circle?"
Full of ideals and feelings, some criticisms also have a feeling of "deep love and sharp criticism" for the industry, which is good. I would like to add some perspectives:
1. Speculation is the bottom of the coin circle
The population stratification of the coin circle has always been dominated by speculators. Therefore, in fact, the early development of Bitcoin was also driven by speculative demand. Without the wealth effect, most people would not come to the coin circle.
How do you view speculation? V God, who once hated meme, recently wrote "People come for money, but leave golden sentences for ideals", which made me respect ETH a little 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 coming to the coin circle is "I want to get rich".
2. The most important thing in the coin circle
The most important application or mission of the coin circle has always been only one, that is, 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 don't come in, no one will have the opportunity to recognize the greatness of Bitcoin.
Satoshi Nakamoto said: Bitcoin's transaction volume will either become very large or not.
In the beginning, Bitcoin's decentralized, peer-to-peer cash system could attract the most geeky people to come in and become the backbone.
But later it didn't work. When people talked about the currency circle with their neighbor Lao Wang, they talked about distributed ledgers and decentralization for 2 hours, and he would politely but firmly refuse these things that he didn't understand.
But if someone said that Musk called for a thing called Dogecoin, many people bought it, and it could rise 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 question seems to be controversial, but the core is actually different perspectives.
From a long-term and constructive perspective, how can it be a purely hyped 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 all chickens and dogs.
But most people who think this way are "meat eaters", that is, people who hold a large number of early bitcoins.It seems that they always can't help but come out and denounce the stupid retail investors for not understanding, always speculating on some air.
"Those who eat meat are vulgar", they often don't realize that the first demand of newcomers in the cryptocurrency circle is to make money and survive, and it is better to talk about ideals after surviving.
From the perspective of short-term wealth, Bitcoin and other coins in the eyes of newcomers are similar, and they are all one of the targets he wants to speculate. From the perspective of pure speculation and hype, Bitcoin and pepe are no different, both are beliefs, consensus, and narratives, but novices, especially those with small funds (accounting for more than 95%), may choose pepe instead of Bitcoin.
They come to the cryptocurrency circle to turn over, not to double.
4. Where there are people, there are rivers and lakes.
When @bc1qwworkshy passionately expounded on the decentralization of Bitcoin and the great significance of human beings' first possession of private property, I personally felt that such people are the backbone of the cryptocurrency circle. For Bitcoin to survive, there must be more such people.
I personally have written that the significance of the advent of Bitcoin is no less than "the first time humans have walked upright".
However, it is undeniable that even such a great narrative has been driven by the same speculative demand as today in the process of development, and people are constantly crazy about new hype:
For example, the initial LTC and other copycat coins, and then the countless forked chains of Bitcoin, and then ETH directly opened a new paradigm for everyone to issue coins, opening the magic box of easy coin issuance, everything seems familiar.
Wall Street will never change, because human nature will never change.
Salute to Bitcoin!
Salute to Satoshi Nakamoto!
Salute to the old og in the currency circle!
Also salute every little leek in the currency circle who is trying to survive!
Salute to every ordinary person who makes the currency circle survive and grow from different angles
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