Beijing still has a profound cultural heritage and many ancient masters in the crypto industry.
These days I learned the six-circle theory from a senior ancient god.
Speaking of this great man, I have a connection with him. He was a member of the initial founding team of Tencent's well-known product "QQ Show". Coincidentally, this product was transferred to an outsourcing company during my hands to handle the aftermath.
01 PhDs per capita#链圈
The blockchain circle is a group of people who focus on the research and development, application of blockchain technology, and even start from the programming of the underlying blockchain protocol.
Most of this group are engineers and technicians who are quite passionate. They are engaged in blockchain because they recognize the changes that technology itself can bring to the industry.
According to Meng Yan, a well-known Chinese leader in the blockchain circle:
In November 2013, Vitalik Buterin published the first version of the Ethereum white paper. Afterwards, people often regard this as the beginning of the "Blockchain 2.0" era, but at that time, it was actually the emergence of Ethereum that made "blockchain" separate from "digital currency" as a separate technology. In other words, Bitcoin was labeled as "Blockchain 1.0" after the fact. Blockchain as an independent field should be counted from November 2013, which is exactly ten years now.
Blockchain was once seen as a disruptive technology on par with AI and was highly anticipated.
However, except for some limited applications of Ethereum and its L2, most chain projects such as $SOL $ICP can only return to the mainstream vision from time to time due to the boom in their corresponding digital currencies.
To be honest, the blockchain circle originally regarded itself as the top of the crypto industry contempt chain, but in recent years its development has been getting closer and closer to the currency circle.
02The cryptocurrency industry with the lowest entry threshold
Speculating in cryptocurrencies means you have entered the cryptocurrency world.
Although the entry threshold is low, whether it is trading coins or running an exchange, the threshold for success is not low.
Of course, there are many forms of speculative coins.
The earliest coins were Dogecoin and Litecoin, which were imitations of Bitcoin.
Then Ethereum ERC20 supports one-click coin issuance, and the scale of the currency circle instantly became huge.
Many subsequent NFT projects, including the current Inscription, have the shadows of many big names in the cryptocurrency circle behind them.
The top of the food chain of the cryptocurrency ecosystem is the exchange. The popularity of inscriptions is closely related to OKX's Web3 wallet. In a few days, Binance may also release a Web3 wallet, and the market is also looking forward to it.
If the blockchain technology is more relevant, then currency is closer to finance.
Therefore, when the U.S. regulators take action, the bigwigs in the cryptocurrency circle often tremble in fear, and those who are arrested are basically the bigwigs in the cryptocurrency circle.
Blockchain giants like Vitalik Buterin have no pressure at all.
03Controversy#盘圈
The full name of Panquan is Capital Pool, and sometimes Panquan projects are also called Tugou projects.
What is the difference between the cryptocurrency circle and the trading circle?
Let me give you an example.
If a piece of clothing that costs 100 yuan is sold to you for 1,000 yuan in a shopping mall, you will feel that the brand is worth the price.
If a friend sells you something for 1,000 yuan that costs him 100 yuan, you will feel cheated.
This is pretty much the difference between the cryptocurrency circle and the trading circle, and the two circles are now cooperating more and more, but they are still two circles (there are still grudges between them).
The cryptocurrency world can be considered to be more marketing-oriented. Create a dream, and people will buy it if they believe in it, and sell it if they don’t believe in it.
The market probably didn’t have any dreams at the beginning. They wove a story about a group of traders who were well versed in human nature and violently pushed up and down the market. (I can’t say more. The more I talk, the more it sounds like A-shares.)
It can be simply said that the cryptocurrency circle and the stock market circle are a bit like the difference between US stocks and A shares.
I don’t mean to disapprove of Panquan at all. Now all projects need Panquan’s participation to soar!
If you don't get into any of the projects, it means you are not in the mainstream
04Provide a circle of images for consumption
With the rise of NFT, some consumer scenarios have gradually emerged in the crypto industry.
Maybe it’s because both the big boss and I have done QQ shows, so we have high expectations for the consumption scenarios.
In our classification, digital collectibles and Gamefi are all included in the picture circle.
Because our portrait of the graphic circle is that investment income is not the main goal, consumption is the priority.
For example, two years ago, you could probably buy a cat for only $20 and chase a super beautiful girl:
You can also buy a monkey and enter various luxury yachts.
The reason why Gamefi is put into this circle is that it is believed that users will pay for fun props rather than just for investment.
05 A man of few words#矿圈
The "mining circle" is a group of "miners" who focus on "mining", most of these miners are born in the IT industry.
In the past few years, you only need to buy a few "mining machines" and hire a few IT workers to start mining. There is a joke in the industry that people in the currency circle face too much risk, people in the blockchain circle have too high a technical barrier, and only people in the mining circle can "earn money without doing anything". However, as more and more people participate, fewer and fewer bitcoins have been mined, and the price of "mining machines" and electricity has risen, the cost has increased, and the probability of mining has decreased. Now the "mining circle" is not so easy to mix, and the era of easy "earning money without doing anything" has passed.
In the past, there were three main types of mines in the mining circle: Bitcoin/Ethereum/Filecoin
However, as Ethereum changed POW to POS for the sake of environmental protection, the mining circle can no longer mine Ethereum.
Filecoin is an even sadder story. The price has plummeted from its high point, and not many people are still mining it.
Only the old Bitcoin miners are making their business bigger and bigger. Whether they are producing mining machines or operating mining farms, they are all going public in the United States and ringing the bell on Nasdaq~
The biggest beneficiaries behind the now popular Bitcoin ecosystem BRC20 inscription are these Bitcoin miners.
These people are used to making a fortune in silence, but it seems that they will speak out in a few days:
06Industry Media Circle
The media has always been an important voice in the crypto community.
The integration of various circles in the crypto industry usually requires the organization and matchmaking of the media.
Various industry KOLs/active communities/news media, etc. can all be classified as part of the media circle.
As mentioned above in the Miners’ Power poster, Daily Planet and Crypto Big Beauty belong to the media circle.
The media industry is the easiest place to get in touch with industry leaders (the same is true for other industries)
What I am doing now, CutieLabs, is essentially an acceleration service that relies on the top media resources in the industry.
(Advertisement: We only cooperate with 20 high-quality projects a year, and we accept coins but not money)
07 There may be a financial circle in the future
With the surge in Bitcoin ecosystem concept stocks (miners/mining machines) in the U.S. stock market, the crypto industry has received more and more attention from traditional financial circles.
In that interesting group yesterday, more and more financial giants expressed the similarities between the stock and cryptocurrency circles.
I believe that in the future, when compliance issues become clearer, a large number of traditional financial industry leaders will flock to the crypto industry. However, in the long run, some of them may still be in the six circles mentioned above (there are also many circles within the financial industry).
The general relationship between the various circles can be corresponded as follows:
Chain Circle-Fintech Circle
Coin Circle - Serious Stock Investment Circle
Panquan-Xu Xiang is suspected of market manipulation
Mining Circle-Financial Services (Audit/Finance)
Tuquan-consumption (such as MBA courses/various clubs, etc.)
Media Circle-Various financial media
08 To go beyond the circle, you must first encrypt the integration of various circles
In the past few years, people in various circles were able to come up with good projects on their own.
However, judging from the industry's performance in recent years, it is becoming increasingly difficult to go it alone.
There is a saying in the crypto industry: “Rise of the price convinces people.” For example, Solana mentioned earlier, do you dare to say that there is no trading circle involved?
Let’s talk about POWP, which we played recently. Judging from their Space poster on January 3, they have resources from the cryptocurrency circle/mining circle/media circle.
As a miner's inscription, the elements of the picture circle may be a bit lacking (MMSS has a lot of picture circle resources).
To be honest, the blockchain circle has been lagging behind these days, and we have to rely on other circles to get things going.
I don’t know what resources Panquan has. If it has any, it probably hasn’t been put into use yet, otherwise its market value wouldn’t be less than 1 million US dollars.
END
About the Author:
Cutie Labs partner, welcome high-quality project partners to cooperate
1783DAO core member, RWA chief analyst
Foresight News Columnist
Personal point of view, only for reference
