That fishing game that time,


It really made me understand one thing.


Fraud park,


Not just in northern Myanmar.



It doesn't have to be barbed wire.


It doesn't have to be a gun.


Not necessarily an inescapable factory.


It can also be:


The white paper of Singapore.


The background packaging of Dubai.


English official website.


Twitter blue badge.


There is also a group of people who look 'very international'.


They don't scold you.


Not forcing you.


Not pushing you.



They only do one thing—


Let you persuade yourself.


After that,


A nearly paranoid judgment began to form in my mind.



As long as the project comes from Southeast Asia.


From Singapore.


From Dubai.


I would subconsciously get nervous.



It's not because I have any evidence.


But it's because —


I have been conditioned by the same set of rhetoric,


Repeatedly harvested.


"International team."


"Overseas compliance."


"Financial free port."


"Regulation friendly."


These words,


I used to feel at ease listening.



Later I heard,


There's only one feeling left —


Familiar.


Too familiar.



So familiar that I didn't even care about the project itself.


I would only ask myself one question:


"What are they relying on to make money?"


If the answer goes around and around,


In the end, it still relies on


Newcomers entering,


Asset lockup,


Liquidity delay —


No matter which country it's in,


For me,


Only one name exists.


Scam.


That period of time,


I even started to believe one thing extremely:


Except for projects run by Americans,


From other places,


I don't dare to touch.


Looking back now,


This is certainly not completely rational.



But that was what I thought at the time


The only way to protect oneself.


Because I no longer have


The qualification to lose again.


Ironically —


What really made me lose everything was,


Never a specific country.


But it's myself


Again and again


Choose to believe.


I started to no longer believe


Blockchain projects from any country background.


Don't look at the national flag.


Don't listen to stories.


Don't trust the packaging.


Except for one exception.


United States.


To be honest,


This sounds very realistic,


Even a bit snobbish.


But that was what I thought at the time


Real formed judgment.


It's not because they are more noble


But it's because of their laws,


At least it's true that it can fall on someone's head.


Whether the regulation is strict or not,


I actually couldn't explain at that time.


I only know one thing:


Running projects in the U.S.,


The cost of running away is higher.


You can't just finish writing the white paper,


The official website just went live,


NFT just sold out,


People just disappear.


At least, it's not that easy.


Especially those


Tokens that can go on Coinbase.


I gradually realized later —


That's not because they must be good people.

But it's because


To get on such a platform,


You must leave something behind.

Company.


Team.


Audit.


Compliance.


Even if you tell stories well,


These things,


It's not something that can be made up overnight.


So at that stage,


I became extreme.


As long as the project comes from


Southeast Asia.


Singapore.


Dubai.


My first reaction,


It's not about looking for opportunities.

But it's thinking:



"When are they planning to run?"



Looking back now,


This kind of thinking is certainly not objective.



But that was a


People who have been hurt repeatedly,


The last thing built


A psychological defense line.



I am not picking a country.



I am giving myself


Find one


"Not that easy to get scammed."



But I later understood:



The real question,


Never based on nationality.



But it's about —



When I started


Using "which country is reliable"


To replace


"What does this project rely on to survive?"



Actually, I


Still haven't learned


True judgment.

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