Let's talk about Bitcoin again in more detail.

Before returning to the right track, it may be a long time before I discuss such extensive topics again.    I deeply understand the saying “Everyone is shaped by their era,” and I personally am very grateful that Satoshi Nakamoto created bitcoin.   It changed my original life trajectory and indeed gave me a certain degree of freedom, though I also paid a considerable price.      Thanks to my friends in the crypto circle for their help and support along the way. Recently in Singapore, I often miss our former crypto community, reminiscing about the days when I scrimped and saved to participate in various trading competitions, winning prizes like iPad and iPhone, and immediately selling them to buy coins.    I remember winning first place in the BTCC Litecoin trading competition in 2015, and being invited to Shanghai to meet Litecoin founder Charlie to discuss Bitcoin and competing coins.   Oh, that was also my first time in Shanghai, fortunate to have a chat with BTCC boss Bobby about the future development of the blockchain industry.   That feeling back then was truly hard to find again, a mood unrelated to money. It’s hard to put into words, but it’s worth reminiscing.    I vaguely remember later choosing a project related to blockchain, wanting to create a blockchain mutual aid insurance (of course not a token issuance, the idea was somewhat similar to Alipay’s Huabei, just that no one understood it at the time, and I had little technical reserve).    Maybe now many new friends believe because they see it.   But I know most old friends believe because they trust it.    After the virtual currency prices surged significantly and market value kept climbing, stories of sudden wealth and bankruptcy circulated in the news. Outsiders admired it but were also influenced by government public opinion management, many of whom looked down on it deep inside. Later, participants chasing quick money also wouldn’t truly understand what it represented; this arrogance and prejudice might last a lifetime.   This is also a negative factor caused by this wild growth.    No matter how everyone currently views this circle, I want to say: at least from 2011 when it was introduced to China until 2015, the best time for ordinary people to get in, the domestic community was clean, and most people had a geek mentality. These people only profited from the nurturing of the secondary market.    But as it gained popularity, hot money flooded in, and more people chose to participate, bringing along some bad elements.   Among these bad elements are well-known angel investors, down-and-out internet entrepreneurs, good-looking PR and micro-business salespeople, financial institutions, speculators,野v, gray industry, corrupt officials, terrorist organizations, and so on.    Undeniably, these bad elements also played a certain positive role in the growth of market value.   But while expanding the cake, they not only took large chunks of cream but also spat and snorted on it.    Let’s recall what it was like at the beginning: Bitcoin: A Peer-to-Peer Electronic Cash System. Its genesis block was: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks (January 3, 2009, the Chancellor was on the verge of implementing a second bailout for banks).    Bitcoin may not be the optimal form of currency, and perhaps someday a third-generation currency will replace it, but its core idea—using peer-to-peer technology to protect private property from infringement—should not be forgotten.    It should also not be hijacked, muddled, or deformed.    I believe old friends can understand that the future is not bright at this moment. Before falling into the abyss of collapse, we need to find ways to get back on track, even if cleansing it comes at a high cost.    No matter the success or failure in the coming years, even if unfortunate as expected, I will do my best in the most difficult moments.