Has the speculative bubble of encryption burst? An examination of investment in the crypto world from first principlesThe biggest problem in the encryption field is not talent or capital, but the lack of first-principles thinking, leading to the industry being deeply trapped in short-termism, extractive culture, and low integrity cycle.
Original Title: "First Principles - Compounders, L1s, IR, Buybacks"
Authored by: 0xkyle\_\_, member of DeFiance Capital
Compilation: ChatGPT
Editor's note: The author believes that the biggest problem in the encryption field is not talent or capital, but the lack of first-principles thinking, leading the industry into a cycle of short-termism, extractive culture, and low trust. The author analyzed the reasons why compounding is difficult to achieve, proposed the need to promote long-term thinking from the top, focus on building revenue-generating products, and criticized the general
ForesightNews·2025-03-12 11:04