Source: Liu Jiaolian
BTC fell slightly overnight, opening at 104k and then falling below 103k. The overall market fell more than it rose, which made people feel uneasy. This wave of main rising waves has been running for more than 3 months so far, during which it hit a record high of 108.4k on 2024.12.17, and continued to hit a record high of 109.8k on 2025.1.20.
Meme, copycat, doomsday chariot, demons and monsters, all want to get a piece of the market. Do you want to wash a wave of plates at the weekly level? I took a look and now the 30-week line has just run to 76k. To be, or not to be, that is a question.
I remember there was a joke before that said that an old leeks had been defeated repeatedly, so he went up the mountain to ask the monk. The monk gave him a kit. When I got home and opened it, I found a note with four words on it: Buy low and sell high. When I was young, I thought this kind of joke was just funny. Who doesn’t know such a simple truth? But how can it be so easy to do it? Later, I read Wang Yangming and realized the relationship between knowledge and action. Only then did I understand the profound meaning of the monk, which was to let you seek true knowledge. True knowledge is to do it. Knowing that you can’t do it, waiting and not knowing. Wang Yangming realized the truth in Longchang, and the teaching chain market realized the truth. The greatest truth that I realized is to see clearly that in this noisy world, 99.9% of people are very conceited and think they know a lot, but in fact they don’t know at all, and they don’t know that they don’t know, and they are at the peak of ignorance without knowing it.
Thinking more deeply, isn’t it the same for the teaching chain itself? Consciously knowing this and that, maybe you can also know what you don’t know, but there are always some things that fall outside your field of vision, in the blind spot of knowledge, and unknown unknowns. Knowing the problems you don’t know, as long as you consciously work hard to study and practice, you can slowly change from not knowing to knowing. But for the unknown unknowns and the unknown unknowns, there is no way to touch them, let alone make up for them.
Knowing this, at least you can always remind yourself to be in awe, not to be too egoistic, not to be too self-righteous, and never be complacent. You should know that you are actually like holding a candle in the endless dark universe, emitting a faint light to illuminate a child around you. Except for the candlelight, there are unknown unknowns, endless and boundless. Seek, seek knowledge, and grope forward along the path you are interested in.
Satoshi Nakamoto is our role model for life.
The paradigm of BTC is called "decentralization". The key to decentralization lies in the word "go". Go means to remove and eliminate. This makes BTC a very unique invention in the history of human civilization. If other inventions and creations are based on the logic of addition that there was nothing in the past but there is now, BTC is the opposite. It is based on the logic of subtraction that there was something in the past but there is nothing now.
After BTC, all the so-called cryptocurrencies that followed suit, without exception, added to BTC's minimalist model. Either this thing was added, or that idea was added.
BTC has no founder. Satoshi Nakamoto has disappeared, removing himself as well. Satoshi Nakamoto's disappearance is called retirement, while the disappearance of the project party that issued the coin for financing is called running away, because the latter took other people's money. Satoshi Nakamoto did not take anyone's money, so he could let it go calmly.
BTC has no dominant foundation. In history, some people have tried to form gangs and factions to set up the BTC Foundation, but they all failed without exception. Because such a foundation has no dominance. A foundation that can get zero-cost chips has dominance, because it can sell tokens and force the secondary market to support it. This is a kind of coercion, not a negotiation.
BTC has no pre-mining. The so-called pre-mining is to pre-cast a batch of zero-cost token chips before the launch, and distribute them to some stakeholders according to some internal rules. If the distribution of newly issued tokens according to the proof of work after the project is launched is called one-time distribution, then the pre-mining distribution can be called zero-time distribution. Zero-time distribution creates a distinction between insiders and outsiders, thus laying the hidden danger of conflict of interest from the beginning of the project.
BTC has no insiders. BTC has no VC financing, no pre-mining, no coin issuance (token sales), so there are no insiders. This effectively ensures that BTC has no interest division and irreconcilable, structural conflicts of interest. There are conflicts in BTC, but they are conflicts between users, not conflicts between the upper class and the lower class, let alone conflicts between users and projects.
BTC has no initial investors. Jiaolian said that with investors, there are bosses. Satoshi Nakamoto wanted to be his own boss and let developers be independent chess players, so he could not take anyone's money to do things, so that he could have the strongest backbone.
BTC has no office. Office is a symbol of credit. Financial institutions especially like to build luxurious office buildings because they do business on credit. BTC is spot, not credit. Spot is the value created by past production activities. Credit is a promise to create value through production activities in the future. Credit can go bankrupt, but spot never does.
BTC has no website. Everyone can build a website about BTC. But no one can build a so-called "official website" on behalf of BTC.
BTC does not have a high-paid executive team. BTC unites people all over the world through consensus. Everyone acts independently based on spontaneous beliefs. BTC does not rely on so-called "management" and does not need to hire any executive team to "manage". Of course, there is no "dictator" or board of directors to implement the hiring action and decide the candidates for the executive team.
BTC does not have a marketing team. Everyone is a propagandist and everyone is a seed drill. BTC does not have a so-called official marketing team or a budget, because it has no so-called official. MicroStrategy can spend money to let the company's marketing department promote BTC, and BlackRock can spend money to hire market consultants to produce BTC promotion materials, but these are their own voluntary and autonomous behaviors. BTC does not require them to do so
BTC does not have a paid development team. It's very simple, because no one pays salaries. No one pays salaries, which means everyone can pay salaries - either pay yourself and volunteer to develop for BTC; or use your own money to find some developers to develop for BTC for free. It's still the same model. BTC didn't ask you to do this. All of this is your own initiative.
BTC has no starting price. Most projects that issue coins for financing artificially price tokens at the beginning, so that they can sell the coins in the primary or secondary market to obtain start-up funds. But BTC starts at zero price. For a long time, BTC had no market price. In May 2010, someone used 10,000 BTC to exchange for 2 pizzas, which was considered a good deal.
BTC has no one controlling it. BTC is like an autonomous life, with its own will, and is not controlled by any person or organization. Almost all other projects have actual controllers, either explicit or implicit.
BTC is the fairest money in the world. Fairness is like a circle. Humans will never be able to truly draw a perfect circle in a mathematical sense, but we can easily know that this thing is closer to a circle and that thing is less like a circle. BTC itself is certainly not perfect, but it may be the closest thing to the fair currency in the value storage and transfer system known and feasible to mankind so far.
Most creations and inventions have their value highlights from their advantages and characteristics that other counterparts do not have.
But the value highlight of BTC lies in the fact that it does not have this or that.
If there is something that no one has, it has high value. If there is nothing that no one has, it can accommodate hundreds of rivers and countless high values.
Therefore, Lao Tzu said: The opposite is the movement of Tao, and the weak is the use of Tao. All things in the world are born from existence, and existence is born from non-existence.
Existence can give birth to all things in the world, but non-existence can give birth to existence.
This is the power of non-existence.
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