"Binan is tired, and I am tired too. Let's trade US stocks."
Binance is just an exchange, so there's no problem with listing coins and deciding which coins to list. "I call the shots on my turf, and I find joy in harvesting music with my ears."
Binance's original intention is still good, especially with the several statements made by the leader, which are not much different from a few years ago. They all want to do things that are as good as possible for everyone, but there have been problems in between, and it seems like there's criticism no matter what, and the problem lies in the mechanism.
Listing on Binance is a lucrative position, and even a small benefit is A8, A9. In this position, one must be both a gentleman and an expert, and it's difficult to choose anyone.
It's probably only the leader who can handle the listing, but the leader also has a problem. With limited energy, it's impossible to maintain consistency with every hot topic and community no matter how hard you try. This will likely lead to a situation where "experts deceive laymen, and laymen direct experts," and to a certain extent, it's unsolvable. Where else can you find another leader who isn't short of money, has a long-term value system, and only wants what's best for Binance?
The issues related to listing mentioned above could be debated for days and nights with various different opinions. Some say Binance is doing great and has finally integrated into the community; others say Binance is finished and has lost its original intention. In fact, no one needs to convince anyone, and no one can convince anyone—everyone's focus is different.
I'm more concerned about the industry. From BOME in March, to the value of MEME, to the selling pressure of VC coins, to the rise of PUMPFUN, and finally to the survival and death of ETH, the cryptocurrency circle is like a domino effect, with trust and expectations spiraling downward.
The most common thing in the cryptocurrency circle is PVP, and the main demand is gambling. So, if we set aside the future of the industry, hoping for a positive change seems right—but if we think a little deeper, we'll realize that it's not that simple, but I won't go into it.
If there are problems in the industry, does Binance have to do something beneficial for the industry? I don't think so. Binance is just an exchange. You say this is good, that is good, and the leader is really tired. It's too difficult to distinguish, so just list them all, be neutral, and there's no problem.
With great power comes great responsibility? That's already a line from Spider-Man 1, it's too cliché. Now we're already in the parallel universe of Spider-Man.
- The parallel universe of the cryptocurrency circle is the US stock market. In the future, I will occasionally share some content about US stocks.
The cryptocurrency circle is about emotions, narratives, and gambling, with plenty of stupid and wild opportunities, suitable for finding opportunities to turn hundreds of thousands into billions. But the larger the capital, the more need for diversified allocation, and there's no problem with diversified thinking.
- I'm very pessimistic about the industry. The industry lacks narratives, hot topics, and opportunities.
Whether it's VC or project parties, they all know that infrastructure has high valuation. People from the Ethereum Foundation resign and come out to create a narrative around Ethereum, with a valuation of several billion, and then list on Binance. Is this good? It's not.
What about playing MEME? All the community, conspiracies, pumps, and fun have been completely debunked. There's no longer any culture or narrative. The so-called greatest value of MEME, "attracting newcomers to the circle," no longer exists. Any newcomer who enters the circle through a MEME, I think their time in the circle won't be longer than the contract, it can end in one to two months.
But can we expect Binance to turn things around? Who at Binance can turn things around? Is there someone who is so professional, cares about the industry and Binance, and has no ulterior motives? I think it's a bit difficult.
For Binance to return to a neutral trading background, it's not a problem for Binance and the leader, but this will be a clear turning point for the cryptocurrency circle.
The end goal for project parties is to list on Binance, and the end goal for Binance is to provide a trading venue. When the goals of both parties merge, it simplifies to: list on Binance and sell to retail investors—Binance becomes the CEX version of PUMPFUN.
Binance and the leader have always wanted to create the greatest value for the industry, but it's difficult and tiring to execute. Therefore, it's not a problem to remain neutral and list coins. However, due to the aforementioned profit-driven nature, being neutral in listing is not truly neutral, and the people making money are a fixed few.
- A turning point is like a signal, and from my perspective, it's not good for Binance, the industry, or retail investors. Purely engaging in gambling is a zero-sum game, and it's better to look at it from a longer timeline.
To explain in more detail: exchanges only provide a platform for gambling, and what is being gambled doesn't matter. From a business perspective, gambling is the greatest human need.
But looking at the two major gambling platforms, PUMPFUN provides gambling on MEME, and FRIENDTECH provides gambling on traffic. Both platforms have made a lot of money, but the former ended MEME, and the latter debunked WEB3 social.
Compared to 2017 and 2021, the biggest difference now is "different expectations" for the future of the industry and how Binance operates.
There's no need to be pessimistic. The industry's reshuffling and reconstruction will come sooner or later. The cryptocurrency circle is least afraid of rebirth through fire, and now there's already a lot of value that has settled, such as:
Bitcoin is an innovation at the level of human civilization;
The infrastructure of Ethereum is gradually improving;
The US's ETF and COINBASE are using BASE, USDC, cbBTC, etc., to attract and break the circle;
In the future, our next project with a valuation of hundreds of billions or trillions, hopefully will truly have tens of millions of users, change people's ways of life, entertainment, and finance, and create a continuous attraction.
I believe that day will come—but before that day arrives, please make sure to protect your principal during this garbage time in the cryptocurrency circle.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
