Talking about the violent physical dimensionality reduction strikes from the massive outflow of on-chain funds
In the past few days, watching the funds on-chain moving back and forth, the feeling of exhaustion has returned. Large funds are circulating among several leading DeFi protocols, while retail investors are risking their lives in 'shitcoin' projects. The entire market is filled with a kind of frenzy before liquidity exhaustion. I have seen too many projects like Zerobase that attempt to work on the underlying logic, and I have followed countless whitepapers claiming to disrupt the industry, but when peeling away this layer of noise, the actual incremental value that Web3 can bring to the ground is extremely vague. It's hard to take my eyes off those AI models that are crazily consuming computing power. The current DePIN track is too restless; most people just slap a label on a router and start issuing tokens, which is called hardware scalping, not decentralized infrastructure.