Opportunities in the Ethereum Ecosystem

1. The proportion of Bitcoin and Ethereum in my positions has not changed?

The proportion of these two targets in my positions has not changed much, and the two together have always accounted for more than 60% of the positions.

2. The ETHS community is very constructive and the situation is moving in a favorable direction. Would you consider buying it back?

The individual communities that have developed around ETHS (such as Ethscriptions, Facet, etc.) are still good, but as I have written in the past, the development of Ethereum inscriptions is too lonely now, and there are too few decent and well-known projects.

The good news recently is that the Ethereum Foundation has given some sponsorship to the Ethscriptions team, which is closely related to ETHS. Hopefully, this team can make greater progress in Ethereum inscriptions.

However, "a single tree cannot make a forest". No matter how excellent individual projects are, it is difficult to support an ecosystem. What's more, the existing projects related to ETHS are not particularly excellent.

So I didn’t buy back a large amount of ETHS, but just used some to provide some liquidity on facetswap to keep myself focused on the facet ecosystem.

3. The Cancun upgrade has built a highway on ETH, and new gameplay will soon be available.

I agree with this point of view.

Only when the tide recedes can we see who is swimming naked. After this period of adjustment, when all assets have calmed down and the market's clamor has gradually dissipated, we can look at the current crypto ecosystem and find that among the major public chains, Ethereum has the most complete infrastructure and is the best in the impossible triangle (decentralization, scalability, and security).

With the second-layer expansion, the Ethereum ecosystem is now fully capable of supporting high-speed, low-cost applications that are an order of magnitude higher than the previous cycle.

The focus of the crypto ecosystem in the next period of time should be to enter a stage led by application-side innovation and development.

The entire crypto ecosystem is currently lacking in blockbuster applications. However, once new applications and new scenarios emerge, I believe they will first appear in the Ethereum ecosystem.

4. What is DAI? Why is Ethereum's transaction fee called WEI? A Chinese, does anyone know him?

I have introduced Wei Dai in a previous article. It is certain that he is from mainland China. In an English article on his personal website, he described his grandfather's unbearable experience in mainland China between 1965 and 1975.

It was this experience that made him pursue decentralization persistently. In the decentralized world he envisioned, the first problem to be solved was the decentralization of currency issuance, which is why he wrote the paper cited by Satoshi Nakamoto.

However, after that, he stopped studying the crypto ecosystem and instead devoted his energy to research on ethical regulation of artificial intelligence.

I started investing in Bitcoin at a fixed price of 50,000 or 60,000 yuan. The price is not low, but it is acceptable. I personally believe that the bull market is not gone. If it is gone, I will extend the fixed investment period and wait for the next round. I will insist on investing only my spare money.

Although I have reservations about this reader's approach, because I think the cost of this operation is a bit high, I still admire this reader's approach. Because in his strategy, he clearly knows the risks and benefits of his approach, and more importantly, he clearly knows how to avoid risks (insisting on always investing only with spare money).

If such investors persist in practice and hone themselves, and go through two or three bull and bear cycles, they will definitely become a very mature investor and will definitely reap ideal returns.