Tesla's Funeral in China: A Collective Burial of the 'Wanting Both' Business Model.
Text / Business Ethics Observer
The epitaph of KaLide navigation reads: 'Here lies all the enterprises that imagined conquering China through functional unbundling.' Now, Tesla is engraving the same epitaph for itself — when 'tricks' become the company's DNA, death is the only return path.
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I. Blood-red twilight: The rise and fall of the Shanghai factory.
In spring 2025, the capacity utilization rate at Tesla's Shanghai Gigafactory showed a significant adjustment. Outside the factory, the truck fleet that once queued overnight for deliveries is no longer there; instead, second-hand car dealers hold up signs saying 'We buy Tesla at high prices,' but the prices underneath make one feel cold:
The most annoying thing is the drunken boasting. After a couple of drinks, he actually says that JD is his, with profits in the hundreds of billions a year. I might as well say that the Earth is mine!
China-U.S. Economic and Financial War: Who Will Prevail?
In the context of increasingly tense international situations, the two major powers, China and the U.S., are not only competing fiercely in geopolitical, military, and technological fields but are also staging a silent 'cold war' in the economic and financial realms. This war is not a simple zero-sum game but a 'battle of confidence' and 'systemic battle' that affects global supply chains, capital flows, and national sovereignty. This article will deeply analyze the core battlefield of the China-U.S. economic and financial war, extreme situations, and how ordinary investors should respond. I. Dollar hegemony and the internationalization of the yuan: A contest of financial power
What are altcoins? They surge and plummet, killing contracts. What are mainstream coins? There are many participants, so the sustained pressure direction can have a unified opinion. The big players are not saviors; this market is either you die or I live. Brothers, money doesn't come from the wind; every penny has a reason to leave you and to live with you. But rest assured, the only ones thinking of you are your parents. As for others, they will just enjoy watching your struggles!
He mainly thinks the bull market is still on, and I don't know what he means by bear market?
看不懂的sol
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The mindset of thinking that holding spot will not lead to death is a fatal misconception. The biggest danger of spot trading is that, when the price drops, you feel nothing. Playing with spot makes you think that it’s okay if the price goes down, after all, the amount of coins hasn’t decreased, you just need to wait for it to rise again, and then when it starts to rise, you don’t want to sell, it drops again, until it eventually goes to zero.
Are you further numbing yourself in a vicious cycle of 'wait for a rebound after a 10% drop → delete the app after an 80% drop'?
When playing with spot, it’s easy to fall into the illusion of 'waiting for a rebound', always thinking 'it will rise again after a drop', only to be harshly educated by the market.
Here’s a picture for my brothers, think for yourselves!
I am an old Huobi user, shorting, participating in activities, indeed actively participating and earning quite a bit, also actively returning complaints, the way Binance handles returns is unpleasant.
ETH_蛋总
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The current situation of Binance inevitably reminds people of Huobi from 2019-2021, when Huobi was Binance's biggest competitor. Initially, Huobi was crushing Binance. When Huobi was at its peak, it started to leverage its reputation to launch projects for profit (similar to Binance's current approach of launching up to 4 projects a day), and the projects launched were almost all experiencing a "high opening and low closing" harvesting trend. In contrast, Binance at that time could be described as a pure stream in the industry, with quality projects like CHZ, MATIC, SAND, AXS launched on its Launchpad generating hundreds of times returns. However, with changes in the listing team, all of this came to a halt, and now Binance is filled with questionable projects like the "familiar faces section" and "best friend section." The listing standards have clearly declined, and combined with contract leverage, it has seemingly devolved into "Huobi 2.0," ultimately leaving the pitiful retail investors to pick up the pieces. #币安合约将上线JELLYJELLY #币安投票上币
Pi Coin Mainnet: The Verbal Fantasy of Decentralization and the Self-Consumption of Pioneer Expectations
The essence of virtual currency lies in decentralization; a true mainnet should allow everyone to trade freely and truly control their assets. However, the mainnet of Pi Coin is nothing more than a facade, a promise on paper, a slogan. On the surface, the Pi Coin mainnet is 'open', and exchanges have begun to display prices, but in reality, the entire ecosystem is still plagued by layers of 'cutting'—90% of users are struggling at the KYC checkpoint similar to Pinduoduo's 'cut', while the official remains silent on any substantive issues.
Brothers, I want to say a harsh truth. You may have too much confidence in yourself, but as long as you touch contracts, there is a high probability of going to zero. The probability I am talking about is ninety-nine percent. There's also a ghost story: a 1.1 times leverage can also lead to liquidation, and the probability is not low. So staying away from contracts is the long-term path for you in the crypto world. Don't go all in; while going all in may not lead to zero, it can still leave you in an irretrievable situation!
The Pi Network has taught the cryptocurrency world a few things. First, the mainnet does not represent a mapping. Second, cryptocurrency does not represent decentralization. Third, participation does not equal gain. Fourth, I can choose not to answer questions! Finally, is it the mainnet? Yes, it has been announced. Has it been listed on exchanges? Yes, it has! And the price is good. So let's cash out a bit; after six years, we should enjoy the fruits of our labor. I checked my account, and the Pinduoduo model of always needing one more is on my mind. Let's ask in the group; they say there's no consensus, with overwhelming comparisons to the similar history of BTC. In the future, it may even be more widespread than US. Let those who are dissatisfied delete the software and scold the newbies! It seems like they created the blockchain. I regretted asking the question and quietly walked away. They seem to have overlooked that they cannot map themselves either. Watching the coin price rise again, it seems like they are even more excited than those who actually have coins. 🥰 Maybe I really am falling behind in this world, unable to keep up with the rhythm of the times.
Many dreams have not yet awakened, which is true and also a fact.
web3news1
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PiNetwork has been a dog for 6 years, Part 2 Yes, I have also been a dog for 6 years, building communities every day, organizing offline meetings and road trips, only to end up seeing a bunch of useless numbers. Now, they even want to take back a lot of worthless numbers that many people got from watching ads; such a shameless team, I can no longer tolerate it, I'm sorry, I can't kneel anymore. Whoever wants to kneel and be a dog can continue. 95% of the miners can't sell, and even those who can only sell a small part of the total chips, but the project team sells on-chain every day. Looking back, these six years have been the most humiliating six years of my life.
Isn't it true that Pi uses the so-called KYC to pua the old lady? If you make it into a mass incident, the couple will probably be extradited for trial! Compliance is recognized by sovereign states, you can only bow your head and work hard to comply. Now you have become a tool for the pua old lady. To put it bluntly, you are challenging the sovereign currencies of other countries! How many heads do you have? Your vision is a joke! The exchange is afraid that you will cause trouble, so they don't list your coins! But you said that you didn't receive the application? Damn, they said they don't care, and you came and said that their application hasn't been approved yet! This is indeed in line with Dr. Fan's project standards, human behavior!
【Pi Network: No Listing Request Submitted to Bybit】Golden Finance reported that Pi Network responded to the controversy sparked by a post from Bybit CEO Ben Zhou, which questioned the legitimacy of the project and accused it of being a scam. On February 20, an X account claiming to be the 'unofficial technical team' of Pi Network stated that the project had declined Bybit's listing invitation and that Bybit was 'losing market position.' Zhou responded to the provocation, labeling Pi Network a 'scam' and referencing a report from Chinese authorities in 2023 that warned users about a project targeting the elderly. Zhou also stated that Bybit never submitted a listing request to Pi Network and demanded that the project prove its legitimacy by addressing previous reports that questioned its operations. A Pi Network spokesperson denied any relationship with Bybit and confirmed that Bybit had not requested a 'Know Your Business' (KYB) verification, which reviews external businesses to ensure ecosystem transactions occur between verified participants. Pi Network also responded to the warnings from Chinese police mentioned by Zhou, claiming that those reports involved fraudsters impersonating Pi Network, rather than the company itself.