In the past couple of days, I've been using my spare time to listen to the program by Bonnie Blockchain and the founder of the Sign Protocol, @realyanxin. There is a lot of content that is really worth listening to.
The program analyzes the operational logic of venture capital and VC in the cryptocurrency field, including the flow of funds, project selection criteria, and risk control strategies. As the cornerstone of blockchain technology, smart contracts are systematically dissected regarding their core principles, automated execution characteristics, and practical application scenarios (such as DeFi and NFT), helping the audience understand how code can replace the binding force of traditional contracts.
It also explores the innovative solutions of the Sign Protocol project, especially since some countries and communities have already piloted on-chain identity systems, which is incredibly cool. Moreover, services aimed at government agencies and national levels are quite rare in web3 projects.
The program proposes that cryptocurrency is not only a technological revolution but also triggers a restructuring of social relations: on-chain marriage defines new rights and obligations through smart contracts, challenging traditional legal frameworks; the concept of 'network nation' breaks the limitations of physical borders, exploring how virtual communities can form autonomous economic entities.
The program analyzes the technical path of putting physical assets (such as real estate and art) on the blockchain, focusing on the challenges of rights confirmation, valuation, and compliance in the tokenization process. At the market level, the current low sentiment in the bull market may stem from factors such as regulatory uncertainty and a slowdown in the pace of institutional capital entry, while the congestion on the Ethereum network and high gas fees have been pointed out as bottlenecks for ecological development. Regarding whether the 'Altcoin Season' has arrived, the program evaluates the explosive potential of small and medium market cap tokens by combining historical cycles with on-chain data.
The program sharply criticizes the inevitability of 'speculative culture' in the cryptocurrency field—the deep involvement of both retail investors and project founders in secondary market games, and the off-market trading mechanisms of locked tokens expose liquidity manipulation risks.
The content is really packed with valuable insights, allowing us to see what some of the actual industry OGs are focusing on. This episode combines technical analysis, critiques of economic models, and sociological observations among many other aspects—it's definitely worth watching.
Finally, as part of the family, I really like a line from the title, 'Your risk is not daring to take risks.' We are not people who already have wealth in the traditional world, so coming to web3 requires avoiding the pursuit of stability at all costs, because excessive caution cannot bring about a wealth leap significant enough to change social strata.
