Seeing so many people sharing this post about how I wasted 8 years in Crypto, I feel a deep connection to it, but also think it's overly pessimistic. Here are a few more objective thoughts: 1) I also entered the industry in 2017, which is exactly 8 years. Although there have been ups and downs, I think joining the Crypto field is the biggest opportunity in my life. Whether it is personal growth, wealth accumulation, resources and network accumulation, it far exceeds my experience in the Internet industry for more than 10 years. Related reading: " Aevo Co-founder: I Wasted 8 Years in the Crypto Industry " This is absolutely true, and my gratitude to Crypto will always remain. 2) To be honest, from a purely personal experience perspective, the Crypto industry has matured over the past 8 years, but it has also gotten worse. It has lost the pure cypherpunk spirit of the past, the Holder faith, the motivation to continuously learn and innovate technologies, and the unwavering belief that Crypto will change the Internet in the future. Instead, there is pure PVP gaming and nihilistic financialism. Although it is difficult, disgusting, and frustrating, many people wear masks and pretend to enjoy it all for the sake of "making money". 3) The crypto industry itself is based on "consensus," and the difficulties everyone feels are a direct manifestation of the breakdown of that consensus. But from the beginning when most people believed, to now when only a few people believe, and in the future when most people may leave, all the costs stem from the breakdown of consensus. This is precisely why I repeatedly urge leading exchanges, veteran OGs, outstanding builders, and developers to reunite and collaborate on on-chain innovation. Because constant division and fragmentation, any false prosperity created by short-sightedness, will bring far greater costs, and in the long run, there are no winners. Yes, crypto for good! For everyone's sake. 4) Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of the industry and individualistic self-interest has overshadowed the industry's growth itself. However, I firmly believe that the majority still hopes for healthy industry growth, orderly market operation, and a respectable environment for making money. Yes, even after seeing through the true nature of casinos, most people still hold the most rosy expectations for them. Pessimists are often right, but optimists are the ones who change the world. I choose to be the one who "still loves the industry after seeing the truth." 5) The biggest paradox in the crypto industry right now is that it's using the most advanced technology to repeat the most primitive financial games. The disconnect between technology and application, and the decoupling of value and price, sounds contradictory, but it's even more ironic. Fortunately, those who joined the Crypto industry earlier without hesitation brought many different things. The DeFi Lego edifice has not yet collapsed, and the collateralized lending and mining gameplay has supported many DeFi Farmers. The NFT, layer 2, and Agent craze has been criticized as a bubble, but it is undeniable that value always settles after each bubble bursts. The crypto industry's unregulated nature gives it a unique advantage in terms of cold starts, trial and error, and iteration in innovative narratives. This gives both speculators and restless innovators a greater chance to seize opportunities. This fundamental characteristic of the crypto industry has never changed. above. I love Crypto because I love its complexity and unpredictability. Those who truly change the world are not those who choose to flee after seeing the truth, but those who choose to stay and fight despite knowing the truth. Let us encourage each other.Seeing so many people sharing this post about how I wasted 8 years in Crypto, I feel a deep connection to it, but also think it's overly pessimistic. Here are a few more objective thoughts: 1) I also entered the industry in 2017, which is exactly 8 years. Although there have been ups and downs, I think joining the Crypto field is the biggest opportunity in my life. Whether it is personal growth, wealth accumulation, resources and network accumulation, it far exceeds my experience in the Internet industry for more than 10 years. Related reading: " Aevo Co-founder: I Wasted 8 Years in the Crypto Industry " This is absolutely true, and my gratitude to Crypto will always remain. 2) To be honest, from a purely personal experience perspective, the Crypto industry has matured over the past 8 years, but it has also gotten worse. It has lost the pure cypherpunk spirit of the past, the Holder faith, the motivation to continuously learn and innovate technologies, and the unwavering belief that Crypto will change the Internet in the future. Instead, there is pure PVP gaming and nihilistic financialism. Although it is difficult, disgusting, and frustrating, many people wear masks and pretend to enjoy it all for the sake of "making money". 3) The crypto industry itself is based on "consensus," and the difficulties everyone feels are a direct manifestation of the breakdown of that consensus. But from the beginning when most people believed, to now when only a few people believe, and in the future when most people may leave, all the costs stem from the breakdown of consensus. This is precisely why I repeatedly urge leading exchanges, veteran OGs, outstanding builders, and developers to reunite and collaborate on on-chain innovation. Because constant division and fragmentation, any false prosperity created by short-sightedness, will bring far greater costs, and in the long run, there are no winners. Yes, crypto for good! For everyone's sake. 4) Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of the industry and individualistic self-interest has overshadowed the industry's growth itself. However, I firmly believe that the majority still hopes for healthy industry growth, orderly market operation, and a respectable environment for making money. Yes, even after seeing through the true nature of casinos, most people still hold the most rosy expectations for them. Pessimists are often right, but optimists are the ones who change the world. I choose to be the one who "still loves the industry after seeing the truth." 5) The biggest paradox in the crypto industry right now is that it's using the most advanced technology to repeat the most primitive financial games. The disconnect between technology and application, and the decoupling of value and price, sounds contradictory, but it's even more ironic. Fortunately, those who joined the Crypto industry earlier without hesitation brought many different things. The DeFi Lego edifice has not yet collapsed, and the collateralized lending and mining gameplay has supported many DeFi Farmers. The NFT, layer 2, and Agent craze has been criticized as a bubble, but it is undeniable that value always settles after each bubble bursts. The crypto industry's unregulated nature gives it a unique advantage in terms of cold starts, trial and error, and iteration in innovative narratives. This gives both speculators and restless innovators a greater chance to seize opportunities. This fundamental characteristic of the crypto industry has never changed. above. I love Crypto because I love its complexity and unpredictability. Those who truly change the world are not those who choose to flee after seeing the truth, but those who choose to stay and fight despite knowing the truth. Let us encourage each other.

Eight Years of Crypto: From Faith to "Casino"—How Do We Face the Industry's Darkest Hour?

2025/12/09 07:00
4 min read

Seeing so many people sharing this post about how I wasted 8 years in Crypto, I feel a deep connection to it, but also think it's overly pessimistic. Here are a few more objective thoughts:

1) I also entered the industry in 2017, which is exactly 8 years. Although there have been ups and downs, I think joining the Crypto field is the biggest opportunity in my life. Whether it is personal growth, wealth accumulation, resources and network accumulation, it far exceeds my experience in the Internet industry for more than 10 years.

Related reading: " Aevo Co-founder: I Wasted 8 Years in the Crypto Industry "

This is absolutely true, and my gratitude to Crypto will always remain.

2) To be honest, from a purely personal experience perspective, the Crypto industry has matured over the past 8 years, but it has also gotten worse. It has lost the pure cypherpunk spirit of the past, the Holder faith, the motivation to continuously learn and innovate technologies, and the unwavering belief that Crypto will change the Internet in the future.

Instead, there is pure PVP gaming and nihilistic financialism. Although it is difficult, disgusting, and frustrating, many people wear masks and pretend to enjoy it all for the sake of "making money".

3) The crypto industry itself is based on "consensus," and the difficulties everyone feels are a direct manifestation of the breakdown of that consensus. But from the beginning when most people believed, to now when only a few people believe, and in the future when most people may leave, all the costs stem from the breakdown of consensus.

This is precisely why I repeatedly urge leading exchanges, veteran OGs, outstanding builders, and developers to reunite and collaborate on on-chain innovation. Because constant division and fragmentation, any false prosperity created by short-sightedness, will bring far greater costs, and in the long run, there are no winners. Yes, crypto for good! For everyone's sake.

4) Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of the industry and individualistic self-interest has overshadowed the industry's growth itself. However, I firmly believe that the majority still hopes for healthy industry growth, orderly market operation, and a respectable environment for making money.

Yes, even after seeing through the true nature of casinos, most people still hold the most rosy expectations for them. Pessimists are often right, but optimists are the ones who change the world. I choose to be the one who "still loves the industry after seeing the truth."

5) The biggest paradox in the crypto industry right now is that it's using the most advanced technology to repeat the most primitive financial games. The disconnect between technology and application, and the decoupling of value and price, sounds contradictory, but it's even more ironic.

Fortunately, those who joined the Crypto industry earlier without hesitation brought many different things. The DeFi Lego edifice has not yet collapsed, and the collateralized lending and mining gameplay has supported many DeFi Farmers. The NFT, layer 2, and Agent craze has been criticized as a bubble, but it is undeniable that value always settles after each bubble bursts.

The crypto industry's unregulated nature gives it a unique advantage in terms of cold starts, trial and error, and iteration in innovative narratives. This gives both speculators and restless innovators a greater chance to seize opportunities. This fundamental characteristic of the crypto industry has never changed.

above.

I love Crypto because I love its complexity and unpredictability. Those who truly change the world are not those who choose to flee after seeing the truth, but those who choose to stay and fight despite knowing the truth. Let us encourage each other.

Market Opportunity
ConstitutionDAO Logo
ConstitutionDAO Price(PEOPLE)
$0.007102
$0.007102$0.007102
+0.18%
USD
ConstitutionDAO (PEOPLE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The FDA Is Trying To Make Corporate Free Speech Situational

The FDA Is Trying To Make Corporate Free Speech Situational

The post The FDA Is Trying To Make Corporate Free Speech Situational appeared on BitcoinEthereumNews.com. BENSENVILLE, ILLINOIS – SEPTEMBER 10: Flanked by U.S. Attorney General Pam Bondi (rear), and FDA Commissioner Marty Makary (R), Secretary of Health and Human Services Robert F. Kennedy Jr. speaks to the press outside Midwest Distribution after it was raided by federal agents on September 10, 2025 in Bensenville, Illinois. According to the company, various e-liquids were seized in the raid. (Photo by Scott Olson/Getty Images) Getty Images While running for President in 2008, Barack Obama famously chanted “Yes we can.” Love or hate his political views, Obama’s politics were quite effective. He was asking voters to think big, to envision a much better future. Advertisers no doubt approved. That’s because ads routinely evoke things not as they are, but as they could be. Gyms and exercise equipment companies don’t promote their locations and equipment with flabby, lumbering people, rather their ads show fit, upright, energetic individuals. A look ahead. Restaurants do the same with ads showing happy people enjoying impressively put together plates of food. Conversely, ads meant to convince smokers to quit have not infrequently shown the worst of the worst future downsides of the habit. The nature of advertising comes to mind as FDA commissioner Marty Makary puzzlingly brags that “The Trump Administration Is Taking On Big Pharma” in the New York Times. Makary laments pharmaceutical ads that “are filled with dancing patients, glowing smiles and catch jingles that drown out the fine print.” Not explained is whether Makary would be happier if drug companies placed ads with immobile patients, frowns, and funereal music. Seriously, what does he expect? Does he want drug companies to commit billions to drug development to accompany their achievements with imagery defined by misery? Has Makary stopped to contemplate the myriad shareholders lawsuits drugmakers would face if, upon risking staggering sums meant…
Share
BitcoinEthereumNews2025/09/18 06:29
👨🏿‍🚀TechCabal Daily – Locked out of Eden

👨🏿‍🚀TechCabal Daily – Locked out of Eden

In today's edition: Eden Life pauses consumer operations || Eskom gets vote to split || Airtel's Smartcash targets Nigeria's mobile market || Cell C is profitable
Share
Techcabal2026/02/16 14:02
USDC Transfer Stuns Market: $1.12 Billion Binance Exodus to Unknown Wallet Sparks Analysis

USDC Transfer Stuns Market: $1.12 Billion Binance Exodus to Unknown Wallet Sparks Analysis

BitcoinWorld USDC Transfer Stuns Market: $1.12 Billion Binance Exodus to Unknown Wallet Sparks Analysis A seismic shift in digital asset liquidity occurred today
Share
bitcoinworld2026/02/16 14:15