Token2049 essay (trust + value transfer)

This is blockchain. Belief. Value is currency.

Under macro-rational analysis:

Both the project party and the VC are in a lazy state. They all know that fresh blood is needed, but they are unwilling to really invest money to do this, or they are waiting for others to do this in hardship. There is no confidence to create some new narratives, and the top V God is busy dating.

In fact, the biggest narrative is AI combined with Depin, etc. There are few players in the Chinese circle, and they are all foreigners playing, or Chinese circle activities and European and American players play by themselves. Although everyone knows that the ecological niche is becoming more and more important, what is your label?

The current general trend is from payment to deposit, to loan to financial management, to derivatives, to e-commerce. The path to industry is becoming clearer and clearer. For example, the grad taxi app in Southeast Asia can support digital currency. In the final analysis, be rational: don't look at anything, be bullish. What application, what ecology. What tradition. One rise can solve a thousand worries, for example, BTC has a woolen ecosystem

1. Most panelists are pessimistic about market expectations, and even worry that if there is no new innovation and new growth in May next year, the market ecology may be reshuffled and reshaped as a whole

2. Lack of innovation, stock concentration at the top, the top 15 coins weighted by user number and market value, such as doge and shib, fell 70-80% from the highest point, and others were even worse (based on the data I have seen, I guess the exchange trading volume may decrease by 80% from this year)

3. Decentralized stablecoins and payment applications, two infrastructure constructions, are obvious incremental tracks

It is right to go your own way, but it is wrong that you can't even walk (finally, I still hope everyone can make money steadily)