Is it still a good time to invest in ETH?

Source: Daoshuo Blockchain

1. Does the inscription have two sides? Will it burn the pie if it is so hot?

Everything has two sides, and so does the inscription.

Controversy about the inscription has never stopped, and even Luke's doubts were raised relatively early. Those controversies (including Luke's formulation) all have some truth to a certain extent.

Regarding this duality, I tend to see whether it has more advantages or more disadvantages. If there are pros and cons, I will tend to support and encourage.

In my opinion, the most remarkable and amazing thing about the inscription ecology is that it once again proves that great ideas can be born and great imagination can be stimulated on a decentralized, trustworthy and neutral platform. .

It is precisely because the Bitcoin platform is decentralized and permissionless that it gives people the opportunity to be creative and express themselves on it, allowing us to see how a trivial idea can grow into a A huge new ecology; see how small teams that were originally unknown have become big players in a new ecology by leveraging this entrepreneurial spirit.

This is not only the success of the crypto ecosystem entrepreneurs, but also the vision that the crypto ecosystem seniors strive for.

Is it possible for this vibrant ecosystem to grow on a centralized platform? Is it possible for it to grow so rapidly in a centralized platform?

Absolutely impossible.

This alone is enough for me to think that the inscription ecology is remarkable and deserves our attention and attention.

2. Am I still investing in ETH?

My fixed investment prices for Bitcoin and Ethereum are US$35,000 and US$2,500 respectively. So I am no longer committed to investing in Bitcoin, but I am still committed to investing in Ethereum.

3. What channels and websites are needed to learn about projects and consultations?

My main channel is Twitter. You can start by following a person you know well, and then see which people’s posts and project parties’ posts this person has forwarded. Then follow these clues to find more sources of information. After a period of time, we can accumulate considerable information and channels.

4. I am preparing to study the Bitcoin NFT track, but I feel that the information on Twitter is too complicated and there is less information on YouTube. I don’t know where to find the projects to be launched next or study this more carefully. track.

Generally speaking, I look for the latest information, mainly through Twitter.

But if you are looking for some summary information, you can refer to several larger media, such as PANEWS, Block Rhythm, Deep Wave TechFlow, Foreight News, Golden Finance, etc. These large media often have summary articles on a certain segmented track.

5. About the Depin track

This question is often asked by readers, and I probably responded to it during the Twitter exchange last weekend. Here are some additional points.

This track actually existed as early as 2017, but as of today, there are only two that have really been implemented and have certain applications: Filecoin and Arweave.

But as for the performance of these two projects, I think everyone has seen that there is basically no big movement in Filecoin; Arweave cooperates with many institutions, including traditional centralized institutions and many large projects in the industry. , but the effects are actually mediocre.

The reasons are very complicated. Generally speaking, I am paying attention to the development of Depin, but I am cautious at the moment. There are two reasons:

First, there are many If we dig deeper into the so-called Depin applications, we will find that they are actually traditional distributed applications rather than blockchain applications.

The core of traditional distributed applications is to split a task and assign it to different nodes, with each node solving different problems; while the consensus algorithm of the blockchain is that all nodes solve the same problem. . Although both systems are distributed systems, they are essentially different.

However, many project parties are trying to use the blockchain consensus mechanism to solve these problems that are more suitable to be solved by distributed systems. The logic here is contradictory.

Secondly, Depin application involves hardware, and the front line will be very long, which is difficult to handle in practice.

So I worry that there is more gimmick than substance in this track.