From consensus to differentiation, the Hong Kong Congress reflects the "fighting of beasts" in the crypto world

Share the short composition of this Hong Kong Consensus Conference:

1. Like the past running meetings, many people run around the side event around the main venue. In addition, they are not familiar with the HK map, and the running meeting + dinner party, and their legs and feet are broken, and the physical level is The fatigue is indescribable. But this is nothing, the mental level is even more tired and the decline is endless. When will it be?

2. Even in such a large environment, all the activities are still vast and large, and the emotions are not at all. Perhaps most people come for the sake of "emotional value". In fact, the popularity king is basically the Solana ecosystem, and the activities are Every crowded can alarm Sir. In contrast, related activities such as Ethereum and BTC layer2 are much more dismal. I can only say that you just finished singing and I came on stage, and they were once brilliant;

3. Although it is a Consensus Consensus Consensus Conference, if you contact more people, you will feel that this is the most "consensus" consensus conference? The "consensus" of the entire industry is being severely torn apart. The technical narrative PVE consensus was sad under the MEME narrative PVP consensus, the diamond player Holder's diamond player consensus was shy to open his mouth under the Trader consensus of young P players, the old team's technical build consensus was out of place in the face of some outstanding marketing Tokenomics projects, etc. . It seems that consensus differentiation is actually behind the collapse of the industry's "unified" values. After Consensus, Polarization will become the norm;

4. Many elderly people in the currency circle have reacted to "the market environment has changed". In fact, the market will definitely not be wrong, but the "empiricalism" of the old leeks is no longer useful. The old leeks use the logic of bull and bear transformation in the past two cycles. When you trade coins, you find that the four-year cycle conversion has failed. The market defines a bull market around hot topics. It comes like the wind and goes without a trace. When you are still swearing that the bull market has just begun, the bull market has ended;

5. Don’t complain that making money in the market has become difficult. In fact, it is just that the audience that makes money has changed, and the model and logic of making money have changed. There are so many assets in the market today. Market attention (Mindshare) controls liquidity wealth. Young post-00s P players who can stay up late dare to make a profit and run away when they make money. They have the energy and courage, and have become the lucky ones under this round of PVP narrative. In contrast, the old leek diamond player PVE's thinking has no chance of winning at all. However, every PVP wealth feast ends with a large amount of liquidity withdrawal, and it is not clear how long such a squid game can last;

6. I can feel the loneliness of a group of Builders adhering to the idealism of technical narrative, and this frustration is different from before. In the words of an old OG, the technology Roadmap has been implemented step by step, and TGE has been implemented as required, the community has been maintained, and the narrative has been updated in combination with hot topics, but the price of the currency is just a bad one. If those who are idealistic in doing things do not receive corresponding gifts from the market for a long time, does it mean that the power of innovation is exhausted? If the currency circle loses its idealistic geek spirit, what kind of spirit should the Crypto industry use to hedge the stigma of casinos from the outside world. Why, don’t you even need to pretend?

7. The people in the AI ​​Agent car are basically trapped, but most people still believe in the future of AI + Crypto narrative. I have always emphasized that putting aside the application value of short-term AI Agent implementation, the AI ​​Agent's consolidation and activation value of old narratives such as layer2, ZK, modularity, chain abstraction, etc. is the key. It can give old narrative a new build direction and allow the uninvested Infra to have the possibility of applying it in advance. In short, the sacrifice brought about by the current bursting of AI Agent's bubble and the value of its future reconstruction of the bottom-building industry is not worth mentioning;

8. The operating logic of the secondary market has completely changed. BTC is the only one in the sky. There is a drag on the off-market funds of ETFs. ETH, SOL, and BSC are fighting on the niche level, but no matter how they fight, the market is consistent. It is believed that there is no comprehensive increase in the copycat season. What kind of locomotive you choose determines what kind of results you can get. Once you choose the wrong one, the result will be embarrassing. For example, if you are unfortunately taking the team to layer2.

9. The on-chain world has become the hope for most people in the currency circle, but compared with the difficulty in making money in the CEX secondary market, the on-chain Pure Speed ​​Pass PVP environment is also challenging for most audiences. After the chaos era, the world on-chain must be reshaped from the entire chain of asset issuance, community cohesion, CEX connection, and technology application implementation. Obviously, an on-chain story without asset issuance threshold and without continuous technological innovation empowerment cannot truly change the Crypto world.