Meta星空

Sky Mavis developed the globally popular blockchain game Axie Infinity, which peaked in 2021 with over 2.7 million daily active users and monthly revenue exceeding $334 million. On March 23, 2022.
Members of the North Korean hacker organization Lazarus Group disguised themselves as HR from a Singapore gaming company and sent a recruitment document to Sky Mavis.
The resume on the document is very impressive, not only does it have experience in well-known game development, but it is also a KOL in the crypto circle. However, more importantly, the document contained malicious code.
On March 27, the hacker staff gained control of Axie4/9 through malicious code, and after several days of mingling in the community, built up trust to deceive the community into handing over 1/9 of the control. Two days later, on the 29th, the hacker directly stole 173,600 ETH and 25.5 million USDC, totaling $625 million.

Ethereum's earliest headquarters was the spaceship house in Switzerland. On the day of the college entrance examination for domestic students in 2014, Vitalik and the leadership of Ethereum chose this place for a full internal meeting. Everyone was discussing:
Will we be whores or set up a figurehead in the future?
That day-long meeting formally announced that the future largest public chain leader in the crypto industry would not act like a whore, and the 'Eight Kings' who created Ethereum would fall apart.
According to founder Vitalik's recollection: "I was trying to shirk responsibility throughout the process because I really didn't want to take on the responsibility. In the end, I had to clear out some people."

Night fell on December 9th. There were only a few cigarettes left in the box, and the music in the KTV gradually faded. His voice was low, unsure if he was talking to himself or to his friend, “Today is not over yet, it hasn't ended, right...” His friend was whispering sweet nothings to the princess, as if he heard but didn't hear. Suddenly, he turned over and let out a hum, as if responding, but it also seemed not.
“Tomorrow might get better,” he thought, accompanying his princess to the restroom but hadn’t returned yet. In a daze, he caught a glimpse of the phone tossed aside, suddenly feeling an indescribable anxiety.

All victories come from the persistence of belief. Believe in the power of belief; this has never let you or me down. Welcome to follow Meta Starry Sky; we lead value and discover trends.
At the beginning of November, a friend from the community privately asked me what I thought about XRP. I pondered that this friend was new to the crypto space and didn't have much investment experience. Could I use XRP as an example to demonstrate an analysis system? Thus, the following conversation ensued:
Me: What do you think about XRP? First, do you understand what it is for?
Friend: I'm not very clear, I only know that its market value is relatively high, more stable compared to other altcoins, and has been in litigation with the SEC. It seems that Trump's administration might have a chance to alleviate this litigation relationship, but I haven't looked into what this coin specifically does.

Words written in front:
The crypto industry has a sufficient "value consensus" on Bitcoin, and many people have discussed the value of Bitcoin from the perspectives of technology, finance, currency, etc., but from my observation, there seems to be no complete enough article to summarize it. This article will explore the value of Bitcoin based on my long-term thinking and judgment in VC and crypto investment, and combine the history of currency development, capitalist ideology, future development trends of society, and the characteristics of Bitcoin.
At the same time, because I hold Bitcoin, the views and positions in this article are closely related, and I hope that friends who read it carefully will be aware of this.

Very interesting news, today when netizens questioned the importance of the US government to Musk, Musk said that the United States was saved by a squirrel and MEMECoin. As soon as the news came out, the MEME coin PNUT, which is based on the squirrel, rose by 40%, and its market value has reached 650 million US dollars.

That’s not all. A few days ago, an AI-type MEME token rose 20 times in a single day after listing on Binance. After the market value fell back, it is still worth 570 million US dollars. If we add those MEME coins that were previously well-known, such as Doge, SHIB, PEPE, WIF, etc., the total market value of this entire track has reached 100 billion US dollars, which is a very exaggerated figure.

All victories come from the persistence of faith. Believe in the power of belief. We will never be disappointed. Welcome to follow Starry Sky Value Investment. There must always be someone who looks up at the stars.
In the article (In-depth investment review from hundreds of thousands to tens of millions: the logic behind BTC/ETH/SOL position configuration and future choices), when I reviewed the changes in BTC\ETH\SOL positions, many readers sent me private messages asking me to share the overall investment system.
Actually, I have shared this once before, but as the market changes, although the general idea remains unchanged, there are still some important adjustments. So I will take this opportunity to share with you the investment thinking system that I relied on from A6 to A8, which was correctly practiced in the past, is correctly practiced now, and will most likely be correct in the future. I hope that you will not operate blindly during the bull market.

Election Day attracts global attention, and currently, Trump has a significant lead in votes. Let me share a chart to illustrate the situation:

The final battleground is in Pennsylvania, the place where Trump was shot in the ear a few months ago. On Polymarket, gamblers are giving a win rate of 67.5% to 37.9%. It seems the situation is set, and the crypto market has reacted significantly; Bitcoin has violently surged in minutes, breaking historical highs and reaching unprecedented heights of 75K.
A few days ago, I mentioned in (Behind the Presidential Race: Retail Investors Controlled by Financial Consumerism) that regardless of the final outcome of the presidential race, the trend will not change. What is the trend? The trend is that inflation in the U.S. won't stop, money printing won't stop, and Bitcoin will continue to rise.

A reader commented a few days ago that they had followed me for two years and noticed a change in my attitude towards Ethereum. I said yes, my attitude has indeed changed, but not towards ETH, rather towards BTC and Sol.
The concept that has run through my investment career is how to select the right assets at the right time. It sounds simple, but it's actually very difficult because the market is always changing. There are many things that seem correct but turn out to be incorrect after a while, while the truly correct things are just a few.
Therefore, investment is about doing subtraction, not addition. The progress in investment ability lies in being able to find the 'correct' answer among the options that 'seem correct.' Of course, this answer may not necessarily be truly correct, because no one can know everything, but doing so is the closest to correctness and the most profitable.

Today, while reviewing projects, I came across an article by an L1D partner titled 'Phantom Tokenomics, Inside the Obscure Daedalus Labyrinth', which translates to: 'The Daedalus Labyrinth: Hidden Token Economic Models for Retail Investors'. To put it simply: many tokens are not only opaque but also have two economic models.
I have always been quite averse to the industry's emphasis on token economic models. On one hand, tokens do not equate to economics, and on the other hand, discussing this is fundamentally misguided.
It's like the IPO prospectus in traditional markets, which should emphasize the project's inherent value and future growth potential. The more confident a project is, the more straightforward it wants to write it, fearing others won't understand its merits; whereas inferior projects often complicate financial designs, fearing others will realize they are trash.

Short-term speculation is ten thousand times more fun than investing.
I remember when the inscription craze was going on, I went on Twitter to look for all kinds of products that could be minted, including inscriptions and NFTs. You could make a lot of money just by paying a little gas fee.
There are projects with returns of dozens, hundreds, and even thousands of times. The two that impressed me the most are OrdiRocks, which cost 5U to mint and later increased to 500U per piece; and the inscriptions on NEAR, which have returned 2,000 times.
Including the airdrops of uni, op, arb, and Xpet games in the past, if the wallets had not been robbed by hackers, they would have made a lot of money, including PEPE and ORDI as well.

Let me tell you something interesting.

During the National Day holiday, something very important happened: the US non-farm payrolls data far exceeded expectations. The expectation was 150,000, but the actual number was 250,000. What does this mean? It means that the Federal Reserve underestimated the economic activity, and the 50 basis point reduction at the beginning seemed hasty.

After the news came out, everyone's expectations for future interest rate cuts were lowered, and the direct impact was that the US dollar began to rebound. Logically, this would induce assets to flow back to the United States, but it happened that the A-share market was so red, which became a "shallow negative" and everyone was not panicked at all.

As a result, on October 8, the market opened high and closed low, and was pushed down from the daily limit to the 5-day line. After a lot of people were buried in the market, the wind direction changed again, and various conspiracy theories emerged.

I have long wanted to write an article about how to learn about the crypto industry at different stages from novice to OG, but I have never found the time to write it.
It just so happens that there is nothing much to talk about the current market situation. At the same time, there are quite a few newcomers in BRC20\MEME and the market due to BTCETF, so we can talk about it.
Most of the new friends have no idea about finance or the industry, so it is very easy for them to fall into various traps. At the same time, many friends want to learn about the industry, but they suffer from the lack of learning channels or reliable "tutorials".
Given that Akong has been engaged in traditional VC for the past seven or eight years, and has been engaged in crypto investment for five or six years, and has achieved certain results in investing in the crypto industry, (for my experience, please refer to this article "Summary of a 10,000-word long article: Disclosing my experience in traditional and... in the past six years")

All victories come from the persistence of faith. Believe in the power of belief. We will never be disappointed. Welcome to follow Starry Sky Value Investment. There must always be someone who looks up at the stars.
Yesterday, Aleo finally generated a genesis block on the mainnet. The miners, who had been frightened by years of delayed delivery, finally had 50% of the pressure lifted. The remaining 50% will have to wait until the incentive policy and lock-up period are determined.
I read the instructions today and found that this 50% will basically not be realized. Because all airdropped tokens will be locked for a year before being distributed. The miners who were originally very excited suddenly didn't even have the heart to curse. I wanted to try it, but later I talked to a friend who was doing code. In the absence of a mine, according to the production and price of coins, the cost cannot be recovered, so I just gave up.

All victories come from the persistence of faith. Believe in the power of belief. We will never be disappointed. Welcome to follow Starry Sky Value Investment. There must always be someone who looks up at the stars.
A few days ago, Multicoin aroused the anger of the masses when talking about Ethereum in an interview.
This is also human nature. The ETH/BTC exchange rate has almost reached its historical low of 0.43; while SOL/ETH has risen by 300% in the past year.
When he gets emotional, he wants to take all the blame, from the Ethereum Foundation's excessive spending to Vitalik's disregard for ETH's life and death in order to pick up girls, saying that Ethereum has never disappointed anyone when it comes to disappointment.

*This is an old article, written on April 26, 2022. Because the previous article was deleted, and Sun Yuchen just recently made a Pump imitation, I posted it here for everyone to think about together
Preface: Some thoughts on Crypto investment arising from Lianjia.

When I passed by Lianjia on the weekend, I remembered a speech given by Lianjia Chairman Zuo Hui in Shanghai.

That was an internal speech in 2015 after Lianjia was asked by Shanghai authorities to remove financial products, stop exclusive management, and withdraw window advertisements due to housing problems. Zuo Hui was very angry at the time, denouncing fake housing sources and being angry at the brokers for not fighting back.

The gains in the market were vomited out overnight. BTC fell below the 30-day moving average to around 59K, and the market fluctuated and oscillated. All the positions that needed to be cleared out were swing positions.
Most of the time the market remains in this state. Before a big rise or fall, it fluctuates within a range. Only a few times are there excellent opportunities to increase positions (decline), and most of the time it is neither going up nor down.
Everyone needs to get used to this kind of market, and at this time, you need to consider whether you can accept losses. If you cannot accept losses and blindly predict the market, you will always be led by the nose by fluctuations.

Many people really don’t realize how lucky they are to be in crypto. I don’t want to talk about the market today, let’s talk about another issue, capital and work.

Recently, AAVE is about to break through its previous high. What’s interesting is that in the past, when AAVE and Uniswap did not rise for a long time, there were countless voices criticizing them, but when they rose, all the winds turned around.
However, when the market began to pay attention to a certain project, the price stopped rising. After AAVE rose to 143U on August 21, it immediately fell by 5%, killing a round of bulls.
AAVE old readers should know that we have already started to focus on AAVE before the summer of DeFi, when AAVE was still called Lend. The last time we mentioned AAVE was in June 23.

At that time, several leading DeFi projects were valued, including Uniswap, Aave, MakerDao and Curve. The ratings were: Uniswap is the most cost-effective target, MKR and AAVE are the most potential targets with low cost-effectiveness, and CRV is not worth participating.

Yesterday I saw an article published by Shenchao titled "This generation of VCs has begun to defend their rights". I found it both funny and emotional.
It was expected. Since the ZKS airdrop began, the resentment accumulated in the entire market has exploded. Exchanges, VCs, project owners, and even KOLs are all in a mess.
In the current market, it is no wonder that everyone always focuses on every word of traffic giants to speculate MEME coins. Whenever Musk or Trump says a word a lot, they will hype it up. The logic here is that traffic is large and easy to remember. They also solemnly sorted out the common characteristics of the local dogs that skyrocketed before, and even made a strategy tutorial...