How to systematically learn and discover new projects?

Source: Daoshuo Blockchain

1. Will Beacon's coin issuance divert the value of Magic?

When I saw this question, I thought of a more general situation: There is no major innovation in the entire crypto ecosystem now, which seems to lead existing project parties to do only two things to maintain popularity and attention:

One is to issue a chain: either a second-layer expansion or simply create a new chain;

The other is to issue coins: either issue MEME coins, or borrow an existing set of applications/games to issue coins in a different way.

Especially issuing coins, it has almost become a panacea for "curing all diseases". This reminds me of the joke many years ago that "there is nothing that can't be solved by issuing coins". Anyway, there is no harm in issuing coins. For the project party, it is almost zero cost. If it succeeds, you will make a fortune, and if it fails, you will not lose anything.

But if this is done, how long can the popularity and attention last?

It's hard for me to judge. But my interest in these chains and coins is getting weaker and weaker.

Specifically, back to Beacon's coin issuance, I think if it is just a coin issuance, and there is no new application in the future, even if it is popular now, this popularity will probably not last long. Even if it can divert the value of Magic now, it will not be much.

From the perspective of the entire ecosystem, now everyone's expectations for the rise in the prices of Bitcoin and Ethereum are mainly pinned on the easing of the financial environment and the inflow of external funds. Almost no one pays attention to whether there will be internal innovations that will lead to a rise in the price of coins.

Although I am optimistic about this rise caused by external factors, it is still far from the rise from internal factors that I expect.

It's like we all have eaten meat, but the taste and quality of hormone-induced meat are not as good as those of free-range meat.

2. Money does not enter the door quickly, does it come out quickly after entering?

This is my experience. Even if you hit the jackpot or think you are "very capable" and make a lot of money quickly, this money will soon slip away through one way or another.

It feels like waking up from a dream and falling back from heaven to earth.

3. How to study systematically, how to study a blockchain project and ecology, and how to discover new projects?

I have shared a lot of thoughts on this before.

There is a very important mentality here: that is, don't think there are shortcuts, this process requires real hard work and sweat; don't expect to get rich overnight from some "wealth code".

With this mentality, the next thing to do is to read more and learn more. Start by reading the white papers of Bitcoin and Ethereum, and read the white papers of well-known projects. In addition, you can also read more about the development history of this ecology and look at the successful and failed cases in history.

Think more and ask more questions during the learning process.

Based on my own experience, at the beginning, I might be able to get answers to many of my questions by asking others for help, but later on, there are fewer and fewer people who can answer my questions, and I will feel more and more lonely. In the end, for many questions, except for thinking about the answers myself, basically I can't find ready-made answers. Although this process is more painful, the more it is like this, the more I can grow.

I found that the way to new projects is the same as many people, that is, to read various media in the circle and watch Twitter.

4. Arweave ecological project AO, claiming to be an Ethereum killer, is it valuable?

I have shared this project several times in previous articles. Overall, it impressed me well, but whether it can realize its vision in the end, we still have to continue to observe.

Maybe the information I have read is limited. In my impression, I don’t seem to have seen this project "claiming" to be an Ethereum killer. The project party is relatively low-key.