Note: This article is from @ cheng_ Shutong Twitter, organized by Mars Finance as follows:The Bitcoin ecosystem will take one year to complete the 5-year journey of EthereumICO+DeFi+Metaverse+NFT+L2s, etc1. Why can Bitcoin be used on these roads?The first point is that these narratives have been proven to be objective results screened by the market
Note: This article is from @ cheng_ Shutong Twitter, organized by Mars Finance as follows:
The Bitcoin ecosystem will take one year to complete the 5-year journey of Ethereum
ICO+DeFi+Metaverse+NFT+L2s, etc
1. Why can Bitcoin be used on these roads?
The first point is that these narratives have been proven to be objective results screened by the market. To reduce the exploration cost, more than 90% of the concepts that have been falsified in the past five years will be falsified, and Bitcoin ecological funds will be more concentrated in these "effective narratives", coming faster and with greater foam. Ethereum still has its significance and opportunities, and the brave explorers have found a track that fits the common denominator of encrypted narrative. It is inappropriate to belittle a successful giant.
2. Why is this road not a repeat of making wheels and reversing history?
Bitcoin itself represents the greatest common divisor of trust. The foundation of cryptocurrency is decentralization, and the purpose of decentralization is unlicensed trust and security. Remember a research report by MintVentures titled "The Bottom Value of Web3", which states that the bottom value of cryptocurrency is "greater freedom and cheaper trust", which is also the advantage of cryptocurrency compared to traditional reliance on intermediaries. The security of Bitcoin being utilized by its ecosystem itself will bring cheap trust, and the foothold of freedom - innovation - is once again activated, which is also the key to turning the negative sum game of the coin circle into positive sum, as repeatedly mentioned earlier.
So "repeating the wheel"="reversing history"? It's just about finding my original intention.
3. Why is this road going so fast? Will there be no bear market in the next year?
The previous article can point out that tracks such as Metaverse, DeFi, NFT, L2, etc., which have been proven by the market, will explode in the Bitcoin ecosystem. As long as the direction is clear, funds will be more concentrated, unnecessary trial and error costs will be reduced, and development will be faster; In addition, encryption places more emphasis on expectations, especially deterministic expectations, and has a shorter time for value discovery than traditional fields. These tracks will go hand in hand with the core assets of the Bitcoin ecosystem, creating a huge FOMO and wealth creation together.
4. The current prototype of Bitcoin ecosystem has emerged:
(20):brc20$ordi$sats$atom$pipe$eths/i
(5):$bitmap
NFT(5):
():RGB
DeFi():unisat-brc20-swap
ETH:
Therefore, there is still a difference of at least two orders of magnitude between market value and narrative ceiling, while funds are more concentrated. The Bitcoin ecosystem may not have a bear market in the coming year, so please cherish it - this is only a bear market on a monthly/weekly basis, and it is difficult to see a bear market on a quarterly/annual basis. Bright ahead, twists and turns on the road, never chasing high, always making profits by selling and flying.
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