The cryptocurrency circle has been around for 10 years. Which projects have realized the vision of their white papers? | Q&A

1. How much can Ethereum see in this bull market?

It's awkward to answer such questions because I'm also just guessing, purely based on historical data.

I don't know how high it can go.

I hope it can reach $10,000. However, I think that price is also uncertain because, so far, there haven't been any breakout applications in the Ethereum ecosystem. Without breakout applications, it will be difficult for the price to rise significantly.

2. Is Binance leading the investment in UNISAT a good thing for inscriptions?

I think this is a positive development, but it's not a major one.

I'm increasingly indifferent to news about large institutions leading investments.

What really makes UNISAT impressive is that it took the initiative to lay out its position in the inscription ecosystem when only a few people were paying attention to it, and it has genuinely launched a series of practical products (even though the user experience of these products still needs improvement). For example, without its wallet, I might have participated in this ecosystem much later.

If UNISAT can continue to make significant strides in this direction, regardless of whether anyone invests in it, it can further establish its ecosystem and user base.

Therefore, the real, sustained, long-term benefits of a project depend on the project itself—whether it is working hard to build and continuously innovate…

As for the investment from large institutions, at most, it is just a nice addition and is unlikely to become a sustained, long-term benefit for a project.

3. Don't mention ecosystems; in the 10 years of the crypto space, which ecosystem has realized the vision of its white paper?

In the 10 years of the crypto space, Ethereum has been moving towards the vision of its white paper, even though the distance is still far, the pace is still staggering, and the process is very tortuous, with continuous controversies. However, the steps forward have never stopped.

My confidence in it has never wavered, and I have never doubted its vision.

Of course, throwing Ethereum into the vast sea of countless projects in the crypto ecosystem is like throwing a small pebble into the ocean, where you can't even see a splash—there are too few such projects, so few that they can even be ignored, so few that when we look around, more projects seem to be just getting by, surviving, or even fishing in troubled waters.

But that doesn't matter; this is a very normal phenomenon.

Looking back at human history, it has always been a few projects, a few companies, and a few elites that drive technological progress and historical processes.

99.99% of the projects, companies, and individuals that have appeared in human history over thousands of years are just ordinary passersby; they hardly have any significant positive impact on history.

Nevertheless, it is those very few projects, companies, and elites that have set benchmarks for all humanity. They represent the heights that human civilization can reach and the brilliance that human wisdom can shine.

It is precisely because of the heights and brilliance created by predecessors that future generations can know the direction and see the light. Among future generations, there will again be a very few new projects that disrupt lives, new companies that create miracles, and new elites that lead humanity forward.

Satoshi Nakamoto inherited this spark from the predecessors of cyberpunk, and Vitalik inherited this spark from Satoshi Nakamoto. It is because of this relay that we can see today's colorful crypto world.

And because projects like Bitcoin and Ethereum are very rare, once we encounter them, we must dare to place relatively heavy bets within the range of risks we can bear—this is what I repeatedly emphasize: Bitcoin and Ethereum should not account for less than 50% of our total crypto asset allocation.