During the May Day holiday, I went back to my hometown, originally just to gather with a few friends. Unexpectedly, a giant baby friend was brought along—he is a second-generation demolisher he met while studying in Beijing, who came back with him to experience the local culture.
My friends know that I am involved in the cryptocurrency space, and when the topic came up, the giant baby brought by my friend spoke up, saying, 'Ah Kong, I've missed a great opportunity! I originally wanted to sell my homestead land to buy coins, but I wasn’t allowed to sell.'
Hearing him say this, I feel that our country really has a sense of proportion—like the idea of not allowing ordinary people into the cryptocurrency space makes a lot of sense. What ordinary people say is incorrect; I would call it a socialist giant baby.
From his perspective, he would think that the country is preventing him from getting rich. In reality, it’s not; the country prohibits the sale of homestead land as a 'fool prevention mechanism' to protect fools like him.
It's not just about homestead land; this includes poverty alleviation, and even the way bank tellers ask you questions when you withdraw money, all of which are meant to prevent those with insufficient understanding from selling their only means of survival and being unable to make a living.
This institutional logic is called the 'lower limit prevention' mechanism, which is also a major feature of Chinese-style governance. In short, the national system and laws are not meant to restrict the evildoers, nor do they serve that 1% of smart people, but rather provide a safety net for the most vulnerable, the stupid, and those who are easily deceived—preventing the worst from happening, rather than encouraging the best to take all.
My friend's friend is a typical example. Before his house was demolished, he couldn't find a job that paid a few thousand. After the demolition, he had money in hand and started boasting about himself and his ancestors.
I know very well that their family background is not impressive either. In the past, they were exploited by landlords and didn’t dare to make a peep; they relied on those people to fight the landlords and redistribute land to them. Before the demolition, they couldn't even earn a few thousand—purely by luck and being with the right people, fundamentally they are still the most vulnerable, the stupid, and the easily deceived.
Most of the domestic newcomers to the cryptocurrency space are these people, only differing in how much they earned when following the country in the past. In the real world, there are laws to protect you; banks will help you recover stolen funds, platforms will compensate for counterfeit goods, and the government will file cases for fraud—despite such perfect protection, many still get cheated to the point of despair. This system does not exist on the blockchain; ask yourself, what are the consequences?
Always remember, the logic of the cryptocurrency world is completely opposite to our reality; here, it encourages the best to take all.
Fools here can only become nutrients; most of the users entering the market domestically are this type of person, who can't even use centralized bank mobile apps properly, let alone manage their mnemonic phrases, cross-chain bridges, and security strategies. This is not freedom; it's a disaster.
Cheating them doesn't even require thinking; their wallets get phished, and they say, 'I thought it was an airdrop'; they join a 'DAO' project and say, 'Others invested too'; they sign contracts directly in the browser without even looking—unable to bear the responsibilities of decentralization in the cryptocurrency space, yet still wanting to enjoy the dividends it brings is just wishful thinking.
Yes, the cryptocurrency space has huge dividends and is the place where grassroots and ordinary people can find opportunities to leverage class gaps. For instance, the Trump token at the beginning of this year increased by hundreds of times in just three days. Regardless of the probability, such multiples are unimaginable in other industries.
But this is not a place where fools can also make money—fools can't even protect the money in their pockets and will just become the fat meat in others' mouths.
It is indeed a 'technological revolution', but most of the time, it is just an arbitrage game of information asymmetry. Those with strong cognition harvest those with weak cognition; those who can write code create traps to harvest those who cannot; those willing to spend time studying take chips from those who don't understand the market.
In short, if you want to achieve great results in the cryptocurrency space, you must first determine whether you are a fool—once you know, you can either choose to wait to be fed by the right people or choose to learn from better people to escape the cognitive trap of the foolish group.
