What is scarce is not the coin, but the opportunity to make money.

Today, the teaching chain spent some time writing an internal reference, particularly focusing on a bit of cold reflection regarding the hype of meme rush. In this reflection, the teaching chain put forward a conclusion: one should believe in the power of traffic, but not its wisdom.

Following this line of thought deeply, delving into the intricacies, one will "walk several dozen steps and suddenly see the light," arriving at an answer to another proposition, the answer regarding the "end of history".

As the Japanese-American scholar Francis Fukuyama proposed in his thesis on the end of history, in every cycle, countless people become disillusioned and withdraw from the crypto space and the cryptocurrency industry, because too many coins have been issued, and there will be no new opportunities in the industry, market, or any specific track.

There is no democracy after the United States. There are no cryptocurrencies after Bitcoin (BTC). There are no smart contract public chains after Ethereum (ETH). There are no meme coins after XX. ...

Wrong. All wrong. Bitcoin is not the end of cryptocurrency history. Bitcoin is the starting point of cryptocurrency history.

How to view the dialectical unity of the two propositions "BTC's uniqueness" and "there will always be opportunities in the crypto market" is indeed a high challenge to thinking and intelligence.

If the coin issuance boom in 2017 was an abnormal phenomenon caused by an imbalance in supply and demand due to too few tokens being supplied in that era while there was too much hot money, then after experiencing a series of optimization paths such as the ERC-20 tokenization, the inscription culture, and the zero-threshold issuance platforms, the token supply has exploded like a geyser, with tens of thousands of coins emerging in a day. Logically, the market should have been saturated by now, right?

However, just when people feel that there is no longer space for "innovation," there will always be smarter minds who find new paths, creating new highlights and new stories of sudden wealth.

Because it is never the coins that are scarce. It is always the opportunities to make money, the opportunities to get rich.

Therefore, no matter how many coins are issued or how quickly they are issued, it cannot satisfy the greedy desire of the market's speculative investors chasing scarcity—chasing the scarcity of making money and getting rich.

Hot money has never chased currencies, but rather scarcity, the scarcity of making money and getting rich.

As long as hot money continues to chase, there will always be the possibility of creating new opportunities in the market and industry.

The scarcity of making money and getting rich is almost eternal, which determines that the pursuit of hot money is also endless and has no endpoint.

In this game of chase, hot money is like a blindfolded donkey turning in circles endlessly, desperately running for the unattainable fodder dangling in front of its forehead.

One can never conclude that the current stone mill, which the donkey is circling, is the last stone mill and the end of the stone mill's history.

Those who see through the essence of this game and have the ability to set the stage as the house will always find opportunities to design new stone mills to make the donkey turn in circles.

As long as the donkey's descendants are endless and inexhaustible, there will always be opportunities to make stone mills (to set up a game).

The stone mill was born because of the donkey, not the donkey because of the stone mill.

It's like the existence of the retail investors makes the market makers; rather than the existence of the market makers allowing for the retail investors.

Why do new grinding games keep appearing? Because the blindfolded donkey is always running hard.

And each new game round will be packaged as a new opportunity to make money and become rich, and will be heavily promoted.

The harsh reality, however, is that the pursuit of making money and getting rich by hot money has always ended in losses and depletion.

The life of a donkey is limited, while the realm is limitless. To pursue the limitless with the limited is perilous!

In the end, the ones who truly make big money will be the masters with grit, the manipulators of the game, and the platforms that create dreams.