Pandle, Polymarket, etc

- I don't feel much of a fall。

This is a message from a reader after October 13, "The epic fall in time is just noise."。

I think it's right to feel that way。

One of the important points of all my articles on encrypted ecological investment and the way in which value investments are judged by the project is:

If we believe in these methods from the heart and really judge a target with them, then we naturally take them into account in our thinking before we do it, and there are ways and means to cope with them。

Since the collapse is an issue that we must consider and we have the means to deal with it, it should not affect us in any way, let alone our mentality。

We continue to do what we have to do every day。

- BITCOIN, GOLD ARE ASSETS THAT DO NOT GENERATE CASH FLOWS. DO ETH AND SOL PLEDGE PROCEEDS COUNT AS CASH FLOWS

THE PLEDGED PROCEEDS OF ETH AND SOL ARE ACCOUNTED FOR AS CASH FLOWS。

THE CASH FLOW GENERATED BY DAT, WHICH IS NOW TARGETED BY ETH, REFERS TO THE CASH FLOW GENERATED BY THEIR PLEDGE。

- How's Pendle

I appreciate this project very much, and I think that the project team has not been less innovative than AAVE and Uniswap to some extent. It's basically a project with AAVE, Uni, throughout the encrypted ecology。

But in terms of its tokens, I think it's normal. There's still a simple analogy: it's compared to bitcoin, it's compared to Taifeng. It is worthwhile to participate unless it is perceived to be less risky than bitcoin and ephemerals or at least more likely than both. Otherwise, it would be better to buy bitcoin and the Ether。

At this stage, I don't buy bitcoin, Ethera, so I won't think about it。

- How's Polymarket

This project has always been very good, and I've been playing a lot of guessworks on it, but that's all. I'm interested in it。

A recent article on the Internet is very interesting and very interesting to me. The article analyses how Yes and No can be perfectly arbitraged above, and goes on to say, very classically, that the project is not now profitable for the small family, but has become a big household/institutional arbitrage tool。

That's why my interest in it is very common at the heart: For the diaspora, it is very attractive - except for a little drop in time, its play does not bring much benefit to the diaspora, which has limited funds。

In fact, this is not just a question of the Polymucket project, but of many of the projects in the current encryption ecology: They have become increasingly a tool for large households/institutions, leaving little profit and space for scattered households。

Now many of the project owners are merely symbolically searching for a little token currency, pre-heating expectations of air drops and then inducing scattered families to link social accounts, complete success classes every day and grab points every day. Even so, the diaspora is worried about being convicted of witchcraft and about safety. It's better not to get a little air drop and then worry about selling it and buying it back。

This feels no different from charity beggars。

I'm really tired of these projects and these techniques。

However, this may also be a trend in which encrypted ecology has to face up: projects are becoming more institutionalized and there is less room for family activity。

So I'd rather wait now, waiting for a truly community-oriented, dispersed project. Without it, I'll wait and see。