【The Transformation of the Cryptocurrency World: From Utopia to a Field of Melons】

The twenty million wager + lawyer's letter situation is indeed exciting, BG personally got involved in the market but ended up messing it up, and after a risk control collapse, they actually want to renege? Perhaps the treasury at the office is emptier than the exchange?

What’s even sadder is that this circle is accelerating its decline —

Once upon a time, retail investors discussed the utopia in Satoshi Nakamoto's white paper, the reconstruction of production relations through smart contracts, and the transparency brought by on-chain data. And now?

Talking about market trends: waiting for institutions to throw us scraps during the day, hoping for Trump to tweet at night.

Talking about projects: VC's puppets, white papers directly copied from club drink menus.

Talking about making money: it's either kneeling to farm coins or gambling-style rushing to invest in meme coins.

Talking about community: technical forums have turned into a place for gossip, all KOLs are drama queens.