We can also talk about Ethereum.

By 2019, there were already a lot of voices in the market bearish on Ethereum. Their main argument was that the primary demand for Ethereum was ICOs, and now that ICOs are no longer popular, there’s no demand for Ethereum.

At that time, I said: ICOs are less than 1% of Ethereum's smart contract functionality; theoretically, smart contracts can do anything.

As long as you casually look at the principles of Ethereum, you will know that Solidity programming can do anything and is almost no different from C language programming. (Of course, one could also say there are significant differences.)

In 2020, the bearish sentiment towards Ethereum evolved into another strange reason, claiming that Ethereum's gas fees were too high. I remember that at the time, just using it casually, the gas fees were already $1. It’s worth noting that when I first used Ethereum in 2016, the gas fees were generally as small as 0.00000X.

Such bearish statements claim that Ethereum's gas fees are too high and will be defeated by competitors with lower gas fees. During that time, a batch of competitors emerged, including the currently popular Solana, as well as Avalanche and Near.

I mocked this viewpoint, saying that although people say houses in Guizhou are the cheapest, they don’t see these people moving to Guizhou to live; everyone likes to live in Shenzhen because it’s the most profitable, and more and more people come to live here, so housing prices keep rising.

Debating with these people is simply dirtying my mouth.

Every time I say another sentence, I feel insulted regarding my own intelligence and knowledge.

Shame—talking to them makes me feel a sense of shame.

I made an analogy: if a serious historian is giving a speech, and someone in the audience asks, 'If Sun Wukong is so powerful, why didn’t the Tang Dynasty unify Europe?'

If this historian dares to answer directly, he has already lost.

The market is dominated by a group of KOLs who graduated from elementary school.

Any KOL who graduated from middle school has already started to say things that no one can understand.

I saw Meng Chuan say in a stand-up show: electronic leap. This is merely high school physics knowledge. But everyone already feels that 'these jokes are too scholarly, they’ve lost the audience.'

Another joke from Meng Chuan: 'Zi said on the river,' 'Meng said on the river.' This has become too obscure for the few. But this is merely classical literature from a middle school Chinese textbook. It’s not scholarly at all.

Anyone who dares to read up to high school can basically sell nothing on Douyin.

The group of people currently saying Ethereum is not good may believe that Solana has a great chance of defeating Ethereum.

I don't know if Solana will defeat Ethereum.

But from the current situation, Solana is still quite far from Ethereum.

Let's talk about it when Solana is indeed better than Ethereum.

Like when I invested in Hop, and later Across indeed overtook significantly, I changed my investment to Across. I don't think that delayed anything.

Transferred from 'True Cold River Snow' #