The Value Loss in the Blockchain Industry: Reshaping the Wealth Perspective of the Younger Generation

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The wisdom, wealth, strength, independence, freedom, and progress of the youth are directly related to the future of the nation. This sentence comes from Liang Qichao's "On the Youth of China," written after the failure of the Reform Movement in 1900. Liang Qichao placed the hope of the nation on the younger generation, believing that the way youth perceive the world, act, and judge will determine the fate of the country.

We seem to have not examined our spiritual world for a long time. The country is developing rapidly, opportunities are everywhere, and people are busy chasing money, leaving almost no time for reflection. The criteria for judging things are often simplified to "whether it makes money" or "what benefits can be gained." Society tends to classify classes based on wealth, while spiritual richness gradually becomes niche, labeled as "aloof," "not fitting in," or "out of touch with reality." This atmosphere even makes people feel inadequate when expressing these views, as if they are out of sync with the mainstream.

In the blockchain industry, especially in the so-called "crypto circle," this phenomenon is even more pronounced. The saying "A day in the crypto circle equals a year in the human world" reflects the fast pace of this industry. Here, people seem to have no time to think, and everything revolves around the singular standard of "making money." Many have quit their original jobs to dive into this industry; some are fully devoted to trading cryptocurrencies, some join blockchain companies, and others are dedicated to issuing new coins. The root of these phenomena lies in the wealth-making effect of the crypto circle, where returns of several dozen, hundreds, or even thousands of times attract a large number of people's attention.

However, are these high returns real and reliable? What impact will they have on young people who are forming their values and methodologies? Young people are easily tempted by money, especially when wealth seems within reach. Recently, a recording by a well-known figure in the industry sparked heated discussions, detailing how to get rich quickly and the methodologies for profiting from others. Surprisingly, even those whose interests are harmed by this approach still maintain blind trust in this "teacher."

In the cryptocurrency world, terms like "community", "society", and "IP" have deviated from their original meanings, and they are more often used as tools to cultivate new investors or repeatedly harvest profits from them. Some so-called industry leaders seem to take pleasure in participating in this.

In fact, the idea of building a personal IP and forming a technology team is not without merit; it is also a common development strategy in the internet industry. Many people in the crypto space are keen on establishing communities and shaping personal IPs, which has led to a surge of media accounts and public accounts. This phenomenon brings to mind the book "The Crowd: A Study of the Popular Mind," where the state of unconscious decision-making in groups is particularly evident in the crypto space. In such an environment, group decisions are often influenced by a few "big shots," leading to a series of proxy investments and takeovers. Can this kind of community really create value?

We should ask ourselves: Does what we do bring value and progress to society and the industry? We should guide young people to create value and drive progress, rather than making profit the only criterion for judgment. When faced with any blockchain project, we should first ask: What practical value does this project bring? Hot topics like artificial intelligence may generate hype, but hype does not equate to value. Therefore, when confronted with popular projects, we need to remain calm and consider their practical uses beyond speculation and hype.

Our development has already been fast enough, and what we need now is to slow down, focus on overcoming technical challenges, and strive to make China a dominant player in the open-source public chain field. We should dedicate ourselves to building an ecosystem that enables the blockchain to truly empower the real economy, rather than becoming a resource-consuming tool. We should also slow down and help the younger generation form the right values, so that both the blockchain industry and the country can have a bright future.

Not everyone is suitable to become an educator, IP, community operator, investor, or author. It is important to find your own positioning, work diligently, and ultimately reap the rewards.