Ecology and Technology in the Cryptocurrency Industry | Q&A

1. Will MegaETH be the engine of the bull market?

Regarding this project, my view is what I have written in the article: I believe its ecological significance to Ethereum is greater than its investment value. More specifically, it is unlikely to directly stimulate an explosion in the ecosystem, but it potentially provides diversity to Ethereum's ecosystem.

Generally speaking, the internal factors that can ignite a bull market in many cases are applications rather than infrastructure. Projects like MegaETH are infrastructure, not applications, so such projects are unlikely to be the engine of a bull market.

We can also find traces of this in the development history of the Ethereum ecosystem.

Ethereum was launched in 2015, but the first explosion in Ethereum/Ethereum prices was triggered by the ICO that started in 2016 and peaked in 2017.

The second explosion in Ethereum/Ethereum prices was triggered by DeFi starting in 2020 and NFTs in 2021.

Without the explosive application models like ICOs, DeFi, and NFTs, Ethereum and its price would likely continue to hover.

This is also why I have always emphasized the fundamental importance of ecological applications.

2. What is our Twitter?

We had an earlier Twitter account that was banned for some unknown reason, and our current Twitter is @DaosViews.

We mainly use this Twitter to archive articles and for online communication, not to grab attention or seek followers, so we rarely interact with everyone—I am just too lazy and would prefer to spend my time reading. However, I do read the comments and questions on there, and I will select some of them to respond to in articles.

3. In a decentralized world, is excessive participation from project teams really a good phenomenon? For example, I mentioned that I am optimistic about TON because its team comes from Russia, but its best aspect is its high-quality user base from TG.

Decentralization, in my view, is a technical architecture, but I firmly believe that project operations need a strong centralized team to drive them forward, with one exception: assets like Bitcoin that have eternal consensus and do not require significant technological advancements to maintain consensus.

Most projects (including Ethereum) require continuous progress and updates, so they need a strong centralized team to push the project forward and develop it.

As for TON, I don't recall saying that I am optimistic about this blockchain, but I have mentioned in many occasions that I like TG.

The reason I like TG is very simple: this team from Russia dares to pursue the value of extreme privacy.

So now, when we talk about private chatting, the vast majority of users still prefer to use TG. Is TG's privacy technology really unique and flawless?

I don't think so.

Rather, it is the actions of this team that make users believe they will strive to pursue this goal.

4. That Nvidia thing is really not much; at most, it counts as a narrative, and the progress is very fast, with not much difference.

If we delve deeper into this issue, it could be quite sensitive. However, I think since a reader has brought it up, I will share a bit of my perspective.

National sentiment and pride are normal feelings that everyone has, but these should be based on objective and rational foundations.

To better understand the relationship between Nvidia chips and Huawei chips, we can look at examples from the crypto ecosystem that we are all familiar with.

We all recognize that Ethereum's ecosystem is the strongest, right?

But can we then say that the Ethereum public chain is perfect and flawless?

Absolutely not.

If we break down every technical detail and indicator of the Ethereum public chain and list them individually, then compare each detail and indicator, we will find some interesting phenomena:

We can certainly create a blockchain that significantly outperforms Ethereum in one or several details or indicators (there are plenty of such case studies in current computer science literature).

But can we then say that these blockchains are progressing rapidly and that the gap with Ethereum is not large?

We should be cautious. Because overall, Ethereum's comprehensive performance still significantly outpaces these various blockchains that surpass it in certain details.

Why?

Because we find that no matter how we compare, Ethereum can handle many scenarios, operate stably under various conditions, withstand constant attacks from hackers, and suddenly give rise to something new in places we least expect.