A lot of “big” things have been happening lately.

In fact, there are two perspectives when looking at these things. The first is to look for novelty and interesting points in news events from an entertainment perspective. If it is for this purpose, then the more details, the better, because more details, higher density, more entertainment points, and more interest. The other perspective is a macro perspective, analyzing what trends these events reflect in the industry and even the world, and how these trends relate to you, mainly to guide decision-making.

From the latter perspective, the bigger the thing is, the more coarse it should be rather than fine. You should look at it with a telescope. Don't always think about decrypting and hunting for novels. Those details have nothing to do with you. Think about how the current news will be recorded in a high school history textbook 100 years from now, and then imagine what will appear on the next page of the book? This is the really important question. Only by omitting all kinds of trivial details and grasping the overall trend can we identify the pattern called "historical law". Only by identifying such patterns can we help ourselves make choices and decisions.

Take the Binance judicial settlement as an example. I read a lot of comments, and most of them provide details, interest, and emotional value. Not many people discuss this matter in a general and trend sense. That being the case, let me share some thoughts on this level. Be warned, it will definitely be boring:

1. Crypto/Web3 is equivalent to discovering a rich new continent.

2. The first group of explorers were idealists, and the second group were adventurers. After they immigrated to the New World, they quickly became kings of the mountains and established a system that was a mixture of idealism, opportunism, money worship, and plunder. This system lacks order and is full of chaos and jungle laws, but it has also become a hotbed for innovation. This stage can be called the age of exploration.

3. Binance has seized the historical opportunity, established order in chaos, and balanced complex factors such as ideals, innovation, speculation, and hype. It is undoubtedly the king of the adventure stage.

4. But this new continent has not yet produced organizations and power forms that are strong enough to compete with the traditional world. Its original set of passive confrontation methods based on a thin anonymous mechanism are now in vain.Under such circumstances, when its scale grows larger and larger, and even begins to adversely affect the balance of power in the Old Continent, the Old Continent will definitely not be able to sit idly by and ignore it, and will inevitably use its existing strength and means to intervene in the New Continent. This will push the history of the New World into the second stage, which can be called the colonial era.

5. The colonial era is an era of order construction for Web3/Crypto, but this order is not the order that is most in line with the local characteristics of the New World. Each of them combined the characteristics of new technologies and grafted onto the original system of the mother country to form an order in which a variety of colonial systems with different characteristics coexisted and competed with each other.

6. Countries that saw this were advancing the colonial process in different ways. Some countries are more proactive and are willing to go deep into the hinterland, while some countries are more passive and only want to defend their borders. This is essentially what we saw in the Binance judicial settlement. This event also marked the great acceleration of the United States' colonization process in the crypto New World. Also accelerating are Hong Kong, Singapore and other regions.

7. From the perspective of the law of development, the colonial era is definitely not the end. The process of competition between multiple systems will eventually lead to the emergence of a new order. This new order is not only more in line with the characteristics of the new technology itself, but also has outstanding competitive advantages and the ability to compete with other systems, and can have a strong negative impact on the old continent. However, it may still take a long time before the new order is created, established and successful. For quite some time, we need to focus on colonial-era strategies.

8. Binance’s settlement is a helpless move in the short term, but it may not be a bad thing in the medium to long term, because as the king of the exploration era, it successfully survived and entered the colonial era, and its strength did not damage the foundation. It has the opportunity to The new era continues to play an important role. Such good things are rare if you look through history books.

9. In the next ten years, the colonization of the Web3/Crypto world will be the main line of the industry’s story. The industry narrative will undergo fundamental changes, and the most significant innovation and wealth creation opportunities will lie on this main line. This is not to say that the order of the Age of Exploration cannot exist in the form of ruins and reserves, but its importance will gradually decline.