Web3's Law of Silence: Two Years to Learn to Publish a Coin and a Lifetime to Learn to Keep Your Mouth Shut

Source: Zuoye Waiboshan

Crypto Ponzi Revelation

People spend two years learning to speak, and a lifetime learning to shut up.

Amid the hustle and bustle of the cryptocurrency world, success and fame are synonymous. There is no distance between traffic and realization, because it revolves around the asset issuance and recycling industry, which can also be called the redistribution of wealth. Becoming famous has become a rigid need for every practitioner. VC is no longer high-end, but is keen on daily Twitter surfing link projects; CEXs have become masters of emotional massage, tossing information back and forth in X/TG/WeChat groups to ensure that public relations crises are controllable; Male and female BDs are wandering between traffic and wandering, working hard with high salaries to enter the second level to seek the dream of getting rich. If you are lucky enough not to step on these pits, or if you are lucky enough to escape from the crisis public relations, you will get the maximum traffic. Applying the following formula, traffic can be instantly converted into trading volume. Some people say that Binance's profit is 50 billion US dollars, and some people say that Bitget's year-end bonus is 50 months. True and false, there is no doubt that it is leading, but how long can it lead?

The Dilemma of the Leader - Too Much Weight

There is no need to FUD Solana and suspect that Binance is going to sell. Solana has been following the "stand-alone chain" model from the beginning, which is the fundamental source of its high performance. Jump's trading ability and SBF's direct claims are just cooperating with Solana, not unilateral use.

The reasoning of Binance is similar. There is no problem with Binance's operation. The problem is that Binance in 2017 cannot survive in 2025. If CZ is forcibly pledged for 4 months and latecomers cannot surpass it, then it is not a problem that CZ cannot keep up with the times now.

Binance has only itself as a problem, which can perhaps be called "crushed by its own weight":

1. Internal interest groups and people who are idle, from Trust Wallet being left behind by OKX Web3 Wallet to the point where it can't even see the taillights, to employees frequently clashing with users, but it is co-founders He Yi and CZ who are calming the market. This is simply an anti-Marxist black humor. It should have been the employees feeding the company and the boss exploiting the employees, but now it is more like an old hen protecting a weasel.

2. In 2017, Binance was engaged in global arbitrage. Under the ban, it took over the users and traffic of Huobi and OK. This was the right time for Binance to start up. The global migration brought the advantages of offshore exchanges to the extreme. This was the right place. In addition, it dealt with the conflicts between co-founders, external investors and companies. This was the right people. It was very obvious that the right time was no longer right. The US Department of Justice had actually become the sky for Binance. The right place disappeared. Binance, Labs and BNB Chain were all in different places. The ecological synergy could not be clearly stated. There was no right people. The highly educated employees did not have the pureness of college and technical school BD who only wanted to make money.

When the series of TST and CZ's Dog were staged one after another, Four.Meme started to exert his strength only after he made hundreds of millions in Pump.Fun. After AI Agent and Meme disappeared, CZ began to study the combination of AI Agent and BNB Chain.

The hero is old, but that's it.

At this point, the only way is to save yourself. BNB will become a real Web3 asset and need to assume the responsibilities of linking BNB Chain and Binance in the post-regulatory era. Empowering BNB can guarantee Binance's position in CEX. Kaito's airdrop to BNB holders is just an appetizer. It is crucial to make BNB Chain a real chain instead of Binance's subsidiary chain. Wallets can no longer be relied on. CZ needs to leave himself a ticket to enter the future chain ecosystem.

In many people's memories, the impression of BNB Chain still remains in the BSC Tugou era of the last cycle. Now CZ has begun to relearn the game of the currency circle. After completely withdrawing from Binance, the opportunity to verify whether he is the king of picking up leaks or a genuine entrepreneur has come.

The fate of the chaser-making more mistakes

PI's conquest of the city only verified one thing, that $TRUMP's breaking circle effect is not as good as Musk's call for Dogecoin in 21 years. I was very optimistic about Trump's coin before, not because of the price of the coin, but because of the out-of-circle effect.

But unfortunately, Trump's PUMP is too strong, resulting in a huge DUMP and too short a time. Dogecoin rose slowly in 21 years, and Musk's choice to hint rather than publicly stand on the platform also allowed Dogecoin to go out of the independent market.

After Trump, the presidents chosen by the Solana coin issuance group all have this problem. The collateral effects of political figures are far more complicated than those of celebrities. Why are the individual cycles and the entire cycle of presidential coins so short (from Trump to Milley, it is only one month at most)? It may be that the backlash of deconstructing the seriousness of politics is too serious.

So OKX chose to surrender to PI, and the ripple effect was amazing. Whether Bybit accepted it or not, even Binance picked up the retro gameplay of voting for the listing of coins. Although it may not necessarily be listed, it verified the correctness of OKX's risky move - let the industry follow its own rhythm, and even command the pace of the industry leader.

Of course, after PI is listed, it will inevitably go to the established route of Ponzi, but the great advantage of the currency circle is that everyone knows that it is Ponzi, which is the biggest difference from traditional finance. Traditional finance does not admit to wearing the emperor's new clothes, while the currency circle chooses to admit it.

If you don’t like it, you can short it. This is He Yi’s answer. In the Bitget system, if I don’t like it, you have to say it out loud. You say the city gate tower and I say the hip axis. But the same thing applies. There are too few levels in the currency circle. Public opinion and private discourse are quantum entangled. The inseparable fate leads to infinite magnification of the crisis.

“Time flies like an arrow, it never stops day or night” Foreigner’s explanation: Confucius stood by the river, pointed to a corpse floating by and said, “See? This is how you will be in the future.”

For the pursuer, you have to keep doing the right thing to gain a little bit of user trust, but conversely, doing something wrong once may be a disaster, but the pursuer cannot do nothing, otherwise a stable pattern will naturally benefit the leader with the largest share, so the employees will continue to exist for 4 The industry training camp that lasted for months was successfully born. Even if Yan Xishan came, he would not survive for half a year.

The leaders have many problems, but the advantage of size overwhelms everything. All mistakes can be covered up by a token airdrop of BNB and a simple price increase, and then the years will be peaceful.

The big companies in the currency circle will be more like the Internet, and the Internet will be more like state-owned enterprises. Everything is institutionalized and becomes part of the existing order.

Conclusion

Pinduoduo has caught up with JD.com by reducing the time employees spend on toilets and has become the second largest in China, while Temu has started a war with Amazon. The second in the two markets is the first in the world. Now the followers in the currency circle will also learn the strategies of the Internet 5/6 years ago. In a word, more lucrative and more melon-filled CEXs will be the main theme in 2025. They will not be quickly replaced by DEXs such as Hyperliquid, not to mention the suicidal actions of Solana DEXs such as JUP.

Whether Solana will become the third chain after BTC/ETH is still undecided, and now BNB Chain will also join the battle.