
EnHeng嗯哼|Feb 26, 2025 08:26
I was fortunate enough to participate in Sun Ge's @ Huobi Global tea party in Hong Kong, where high-quality output was provided throughout the event@ Justinsuntron's thinking is very clear. Let me share with you today
1. Regarding the future of ETH: Firstly, the most concerning topic for everyone is ETH 🤣。 Sun Ge believes that ETH is still worth buying and has hope in the long run because its underlying infrastructure is well-developed, smart contracts are mature, and it has the foundation of a second public chain, which is difficult for other public chains to surpass. From the current market perspective, Sui and Solana are indeed unable to shake ETH's position yet
ETH may not have the growth potential of Alpha level, but as a Beta level asset, it is still a good choice. After all, the market consensus still exists, and most new investors outside the industry have only heard of BTC, ETH, and SOL. BTC unit price is too high, SOL is still in PVP gas, while ETH is still a good choice
2. Regarding stablecoins: Sun Ge talked about Ethena. He believes that Ethena's decentralized model allows everyone to mint on the chain, but its funds are still on centralized exchanges, which may pose certain risks. I didn't expect Bybit to be attacked by hackers that night, and USDE also briefly lost its anchor. Fortunately, it was later restored, otherwise it would have been unimaginable
However, structurally speaking, Ethena is an on chain Mint USDE, with its profits coming from the exchange arbitrage model. Essentially, the funds are still stored on the exchange, so sufficient security is needed in extreme market conditions. Nevertheless, their margin reserves are relatively sufficient.
But personally, I still have great confidence in Ethena because it is also an important innovation in this bull market - a bet type stablecoin
3. Speaking of AI development: Sun Ge mentioned that the current mainstream AI models (ChatGPT, Claude, Grok) are centralized and require information such as phone number and email address when registering. He is building a decentralized AI, which he did not joke about on Twitter. He trained it on Crypto related data and has a better understanding of cryptocurrency issues than existing models. It is also freely available for everyone to use. I also asked if its data would be taken away by the wave field: he replied that I can delete records myself or save them to local data
An AI can accurately answer various Web3 related questions, which is more professional than AI outside the industry. Sun Ge has another valuable project
4. Support direction for wavefield: Regarding the future support direction for wavefield, it will mainly support projects that will not have a significant impact on the chain itself even if they are attacked. For example, he will definitely personally work on stablecoin projects, and he is also willing to provide support for some smaller entrepreneurial projects
5. AI coin issuance: Finally, the most impressive scene for me was when someone asked Sun, "Will AI issue coins
Sun Ge smiled and said, "I'm already past the age of issuing coins. It's enough to keep a few coins in hand and not make money by issuing coins 🤣
Overall, this tea party had a lot of information, and Sun Ge's viewpoint was also very clear, which gave me many new directions for thinking. Looking forward to the development of the future market
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