Opportunities in the Ethereum Ecosystem

Source: Daoshuo Blockchain

1. The proportion of Bitcoin and Ethereum in my position has not changed?

The proportion of these two targets in my position has not changed much, and the two together have always been more than 60% of the position.

2. The ETHS community is very constructive, and the situation is developing in a favorable direction. Do you consider buying it back?

The individual communities that have developed around ETHS (such as Ethscriptions, Facet, etc.) are still good, but as I have written in the past, the development of Ethereum inscriptions is now too lonely, and there are too few decent and well-known projects.

The good news recently is that the Ethereum Foundation has given some sponsorship to the Ethscriptions team, which is closely related to ETHS. I hope that this team can make greater progress in Ethereum inscriptions.

But "a single tree cannot make a forest", and no matter how good individual projects are, it is difficult to support an ecosystem, not to mention that the existing projects related to ETHS are not particularly good.

So I didn't buy back a lot of ETHS, but just used some to provide some liquidity on facetswap to keep myself focused on the facet ecosystem.

3. The Cancun upgrade built a highway on ETH, and there will be new ways to play soon.

I agree with this view.

Only when the tide recedes can we see who is swimming naked. After this period of adjustment, when all assets have calmed down, when the market's noisy emotions gradually dissipate, we look at the current crypto ecosystem again, and we can find that among the current major public chains, the infrastructure on Ethereum is the most complete, and it is also the best in the impossible triangle (decentralization, scalability and security).

With the second-layer expansion, the Ethereum ecosystem can now fully carry high-speed and low-cost applications that are an order of magnitude higher than the previous cycle.

The focus of the crypto ecosystem in the next period of time should also be to enter a stage headed by application-side innovation and development.

Now the entire crypto ecosystem lacks explosive applications. However, once new applications and new scenarios emerge, I believe they will first appear in the Ethereum ecosystem.

4. What is DAI? Why is Ethereum's handling fee called WEI? A Chinese, does anyone know him?

Regarding WEI DAI, I have introduced him in a previous article. It is certain that he is from mainland China. In an English article on his personal website, he described his grandfather's unbearable experience in mainland China from 1965 to 1975.

It was this experience that made him have a persistent pursuit of decentralization. In the decentralized world he envisioned, the first problem to be solved is the decentralization of currency issuance, so he wrote the paper cited by Satoshi Nakamoto.

However, after that, he no longer studied the encryption ecosystem, but devoted his energy to the research on the ethical supervision of artificial intelligence.

Start investing in Bitcoin with 50,000 or 60,000 yuan. The price is not low, but it is acceptable. I personally believe that the bull market has not gone away. If it has, I will extend the investment period and wait for the next round. I insist on investing only with spare money.

Although I have reservations about this reader's approach, because I think the cost of this operation is a bit high. But I still appreciate this reader's approach. Because in his strategy, he clearly knows the risks and benefits of his approach, and more importantly, he clearly knows how to avoid risks (insisting on investing only with spare money).

If such an investor persists in practice and honing himself, and goes through two or three bull-bear cycles, he will definitely become a very mature investor and will definitely reap ideal returns.