币圈大老黑
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币圈大老黑
币圈8年老韭菜，不洗脑，客观真实，用另外一个角度，审视币圈消息，深度分析币圈新闻，挖掘干货信息。
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币圈大老黑
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See Through China’s Crypto World from the Sun Yuchen–Jing Tian Incident: No Bottom Line for Traffic, Chaos Swallows Original Intent
The public-opinion uproar involving Sun Yuchen and Jing Tian is never just a private emotional dispute. It is the most real snapshot of the complete moral collapse of China’s cryptocurrency world and the shattering of bottom lines. This meticulously planned traffic farce tears open the ugliest aspect of the crypto industry today: what was once a niche for tech innovation and the pursuit of a decentralized ideal has now completely degenerated into a vulgar stage for big shots to attract attention, fleece retail investors, and pursue personal gain. It shows neither reverence, nor principles, nor any value.
The playbook behind this entire farce has long been perfected by the chaos in the crypto world—hypocritical, crude, and incompetent. Sun Yuchen uses his emotional entanglements as a lure and publishes a lengthy article of thousands of words that details private dating interactions with Jing Tian, going to extremes to sensationalize and build momentum. Yet at the end, he casually adds the note “purely fictional,” deliberately engineering public-opinion suspense and triggering widespread online buzz. It looks like a private emotional venting, but in reality it is a precisely calculated traffic operation: the moment the heat starts, he quickly launches the “girlfriend coin” riding on the event’s popularity. In a short time, the market cap surges and trading volume skyrockets. Riding on celebrity attention to harvest market dividends, the whole scam—“manufacture a hotspot, whip up emotions, mint air coins, and cut down retail investors”—plays out like a well-rehearsed routine. It is, in every sense, a textbook example of how traffic is used to fleece people in the crypto space.
The playbook behind this entire farce has long been perfected by the chaos in the crypto world—hypocritical, crude, and incompetent. Sun Yuchen uses his emotional entanglements as a lure and publishes a lengthy article of thousands of words that details private dating interactions with Jing Tian, going to extremes to sensationalize and build momentum. Yet at the end, he casually adds the note “purely fictional,” deliberately engineering public-opinion suspense and triggering widespread online buzz. It looks like a private emotional venting, but in reality it is a precisely calculated traffic operation: the moment the heat starts, he quickly launches the “girlfriend coin” riding on the event’s popularity. In a short time, the market cap surges and trading volume skyrockets. Riding on celebrity attention to harvest market dividends, the whole scam—“manufacture a hotspot, whip up emotions, mint air coins, and cut down retail investors”—plays out like a well-rehearsed routine. It is, in every sense, a textbook example of how traffic is used to fleece people in the crypto space.
ADA Charles Hoskinson's Latest Scam Cracks
#ADA ADA's price has dipped again to $0.16, with its market cap on the brink of dropping out of the top twenty in crypto. Many supporters continue to emphasize its decentralization, security, and stability, but these concepts are hard to verify or falsify, making the debate somewhat pointless.
Previously, ADA experienced a fork and chain interruption, yet a large number of supporters claimed that this blockchain had never faced a chain break; at the same time, many are bearish on SOL, criticizing its frequent outages and arguing that it doesn't deserve its current market cap, convinced that ADA will eventually overtake it. However, the market conditions and cap data are clear and undeniable: ADA is currently priced at only $0.16, its market cap has already dropped out of the top ten, and it is now continuously sliding toward the outskirts of the top twenty. Once it fully falls out of the top twenty, market attention will likely continue to wane.
Looking back at founder Charles' past record reveals a pattern: he previously traded BTS and ETC, both of which once broke into the top ten by market cap but have since faded from mainstream visibility, their hype nearly extinguished. After ETC's market performance weakened, he launched ADA; now that ADA's market value is under pressure, he has introduced a new project, Night. However, this round of market investors has seen through this repetitive narrative, combined with the overall cooling macro environment, and the new project has not gained market traction, resulting in disappointing overall development.
Mature investors have already seen through the founder's consistent operational model, and ADA's price will gradually revert to its true intrinsic value. Setting aside the promotional narrative, this blockchain has low throughput and a closed ecosystem akin to an island; the market will ultimately assign a reasonable market cap that aligns with its true capabilities. $ADA
#ADA ADA's price has dipped again to $0.16, with its market cap on the brink of dropping out of the top twenty in crypto. Many supporters continue to emphasize its decentralization, security, and stability, but these concepts are hard to verify or falsify, making the debate somewhat pointless.
Previously, ADA experienced a fork and chain interruption, yet a large number of supporters claimed that this blockchain had never faced a chain break; at the same time, many are bearish on SOL, criticizing its frequent outages and arguing that it doesn't deserve its current market cap, convinced that ADA will eventually overtake it. However, the market conditions and cap data are clear and undeniable: ADA is currently priced at only $0.16, its market cap has already dropped out of the top ten, and it is now continuously sliding toward the outskirts of the top twenty. Once it fully falls out of the top twenty, market attention will likely continue to wane.
Looking back at founder Charles' past record reveals a pattern: he previously traded BTS and ETC, both of which once broke into the top ten by market cap but have since faded from mainstream visibility, their hype nearly extinguished. After ETC's market performance weakened, he launched ADA; now that ADA's market value is under pressure, he has introduced a new project, Night. However, this round of market investors has seen through this repetitive narrative, combined with the overall cooling macro environment, and the new project has not gained market traction, resulting in disappointing overall development.
Mature investors have already seen through the founder's consistent operational model, and ADA's price will gradually revert to its true intrinsic value. Setting aside the promotional narrative, this blockchain has low throughput and a closed ecosystem akin to an island; the market will ultimately assign a reasonable market cap that aligns with its true capabilities. $ADA
币圈大老黑
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#ada The exchange delisting wave is getting more intense, yet the KOLs related to ADA have gone completely silent. This farce has become indistinguishable from a capital-raising scam. The whales holding the chips and the influencers feeding off traffic know the project's deep flaws all too well, yet they cover up the truth—after all, a crash would directly harm their interests.
Objective doubts are twisted into malicious FUD, and real issues are downplayed: when there's a chain break, it's just called a normal fork; when the network is paralyzed, they argue it's just a block slowdown; as mainstream platforms continue to delist assets, they downplay it as affecting only a few trading pairs or small exchanges. All the fatal risks are glossed over as trivial matters.
Blindly defending their positions, stubbornly refusing to face the issues, and unwilling to take responsibility for their mistakes. On one hand, they create an optimistic facade to lure retail investors to stay, while on the other, they quietly cash out behind the scenes, waiting for others to take the bag. With such a crowd leading the way, the fate of this chain is already doomed to end in ignorance and cover-up $ADA .
Objective doubts are twisted into malicious FUD, and real issues are downplayed: when there's a chain break, it's just called a normal fork; when the network is paralyzed, they argue it's just a block slowdown; as mainstream platforms continue to delist assets, they downplay it as affecting only a few trading pairs or small exchanges. All the fatal risks are glossed over as trivial matters.
Blindly defending their positions, stubbornly refusing to face the issues, and unwilling to take responsibility for their mistakes. On one hand, they create an optimistic facade to lure retail investors to stay, while on the other, they quietly cash out behind the scenes, waiting for others to take the bag. With such a crowd leading the way, the fate of this chain is already doomed to end in ignorance and cover-up $ADA .
Partly True
#ada The exchange delisting wave is getting more intense, yet the KOLs related to ADA have gone completely silent. This farce has become indistinguishable from a capital-raising scam. The whales holding the chips and the influencers feeding off traffic know the project's deep flaws all too well, yet they cover up the truth—after all, a crash would directly harm their interests.
Objective doubts are twisted into malicious FUD, and real issues are downplayed: when there's a chain break, it's just called a normal fork; when the network is paralyzed, they argue it's just a block slowdown; as mainstream platforms continue to delist assets, they downplay it as affecting only a few trading pairs or small exchanges. All the fatal risks are glossed over as trivial matters.
Blindly defending their positions, stubbornly refusing to face the issues, and unwilling to take responsibility for their mistakes. On one hand, they create an optimistic facade to lure retail investors to stay, while on the other, they quietly cash out behind the scenes, waiting for others to take the bag. With such a crowd leading the way, the fate of this chain is already doomed to end in ignorance and cover-up $ADA .
Objective doubts are twisted into malicious FUD, and real issues are downplayed: when there's a chain break, it's just called a normal fork; when the network is paralyzed, they argue it's just a block slowdown; as mainstream platforms continue to delist assets, they downplay it as affecting only a few trading pairs or small exchanges. All the fatal risks are glossed over as trivial matters.
Blindly defending their positions, stubbornly refusing to face the issues, and unwilling to take responsibility for their mistakes. On one hand, they create an optimistic facade to lure retail investors to stay, while on the other, they quietly cash out behind the scenes, waiting for others to take the bag. With such a crowd leading the way, the fate of this chain is already doomed to end in ignorance and cover-up $ADA .
Verified
The governance situation of Cardano is honestly pretty disappointing.
Nowadays, any project related to ADA just looks to the treasury for funding proposals, with the barriers to access being way too low. The treasury has clearly turned into a cash machine for some folks. In comparison, when Apple built the App Store ecosystem, we never saw every developer reaching out to the platform for handouts. A lot of proposal makers are using this opportunity to leverage the ecosystem, threatening to 'withdraw' unless they get funded. Essentially, they’re just trying to cash in on the situation for their own gain, and it's honestly quite off-putting.
#ada #Cardano These people are really disgusting; they want to siphon off ADA fans' attention while eyeing the ADA treasury funds $ADA .
Nowadays, any project related to ADA just looks to the treasury for funding proposals, with the barriers to access being way too low. The treasury has clearly turned into a cash machine for some folks. In comparison, when Apple built the App Store ecosystem, we never saw every developer reaching out to the platform for handouts. A lot of proposal makers are using this opportunity to leverage the ecosystem, threatening to 'withdraw' unless they get funded. Essentially, they’re just trying to cash in on the situation for their own gain, and it's honestly quite off-putting.
#ada #Cardano These people are really disgusting; they want to siphon off ADA fans' attention while eyeing the ADA treasury funds $ADA .
There are too many people holding ada like #ada , the whole ecosystem feels like a stagnant swamp.
币圈大老黑
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The cryptocurrency world is punishing all those who are "lazy and just want to hold long"
Recently chatted with a big shot, and he said something that woke me up:
"Do you think holding long will yield 5 times or 10 times? Will the house let you have your way?"
Really, the more I think about it, the more right it seems.
There is a common misconception in the cryptocurrency world now:
"Just buy casually, hold long, DCA is enough, time will give you a return."
If all retail investors think this way, then this situation will definitely not happen.
The financial market is always the 80/20 rule, the vast majority must lose money.
Otherwise, who will create value? Who will contribute chips to the house? Who will pay the tuition?
If everyone thinks they can steadily get rich in the cryptocurrency world,
"Do you think holding long will yield 5 times or 10 times? Will the house let you have your way?"
Really, the more I think about it, the more right it seems.
There is a common misconception in the cryptocurrency world now:
"Just buy casually, hold long, DCA is enough, time will give you a return."
If all retail investors think this way, then this situation will definitely not happen.
The financial market is always the 80/20 rule, the vast majority must lose money.
Otherwise, who will create value? Who will contribute chips to the house? Who will pay the tuition?
If everyone thinks they can steadily get rich in the cryptocurrency world,
Cardano's founder spills the beans: $ADA ecosystem is in for a rough ride in the second half of the year
Cardano founder Charles Hoskinson stated in a video that the second half of this year will be very tough for Cardano, and we might see more DApps and DeFi projects go belly up, leading to a wave of consolidation.
He also addressed the claims that the drop in ADA's price is his fault: he doesn’t have the governance keys, can't initiate hard forks, can’t modify protocol parameters, can’t touch the treasury, and doesn’t even own the Cardano trademark.
This sounds less like soothing the market and more like a warning to the community: everything is about to wrap up #ADA
Cardano founder Charles Hoskinson stated in a video that the second half of this year will be very tough for Cardano, and we might see more DApps and DeFi projects go belly up, leading to a wave of consolidation.
He also addressed the claims that the drop in ADA's price is his fault: he doesn’t have the governance keys, can't initiate hard forks, can’t modify protocol parameters, can’t touch the treasury, and doesn’t even own the Cardano trademark.
This sounds less like soothing the market and more like a warning to the community: everything is about to wrap up #ADA
Game over #ada
币圈大老黑
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《Technical Stagnation, Treasury Corruption, and Founders Who Only Blow Hot Air: Four Truths About ADA Heading Towards Collapse.》
ADA: From 'Ethereum Killer' to 'Zero Journey', how much faith has been consumed over the past decade?
If the early BTC investors had just held their positions, their profits would have easily crushed today's ADA. This stark contrast of 'the harder you work, the more you lose' raises a sharp question: Is ADA's so-called development creating value or just wasting time?
A deep dive into its decline reveals four core issues:
1. Governance Illusion and Treasury Black Box: The so-called 'decentralization' has devolved into a false proposition. Core organizational power is overly concentrated, and governance votes seem to be manipulated. The use of treasury funds lacks substantial oversight; as long as the higher-ups pass specific proposals, huge amounts of money can be compliantly 'fairly divided'. #ADA
2. Founder 'Celebritization' and Business Stagnation: Founder Charles Hoskinson has long been active in media and trends, adept at garnering attention through grand narratives, but has delivered virtually nothing in terms of real-world business implementation and strategic partnerships. This consensus built on 'hot air' is being seen through by the market.
3. Technical Lethargy and Ecological Desert: Development progress is not only slow but also disconnected from the market, with TVL (Total Value Locked) remaining low for an extended period. More critically, the once-proud security has been tarnished by 'chain break' incidents, and there is still a lack of strong native stablecoin support, leading to near-exhaustion of ecological vitality.
4. Community Cultism and 'Resolving Dissenters': The community atmosphere is extremely closed off, losing basic logical reasoning. Any objective questioning gets tagged as 'FUD' and faces backlash. When a blockchain can't resolve technical issues, they choose to 'resolve the people raising questions' $ADA s$NIGHT #币圈生存法则
ADA: From 'Ethereum Killer' to 'Zero Journey', how much faith has been consumed over the past decade?
If the early BTC investors had just held their positions, their profits would have easily crushed today's ADA. This stark contrast of 'the harder you work, the more you lose' raises a sharp question: Is ADA's so-called development creating value or just wasting time?
A deep dive into its decline reveals four core issues:
1. Governance Illusion and Treasury Black Box: The so-called 'decentralization' has devolved into a false proposition. Core organizational power is overly concentrated, and governance votes seem to be manipulated. The use of treasury funds lacks substantial oversight; as long as the higher-ups pass specific proposals, huge amounts of money can be compliantly 'fairly divided'. #ADA
2. Founder 'Celebritization' and Business Stagnation: Founder Charles Hoskinson has long been active in media and trends, adept at garnering attention through grand narratives, but has delivered virtually nothing in terms of real-world business implementation and strategic partnerships. This consensus built on 'hot air' is being seen through by the market.
3. Technical Lethargy and Ecological Desert: Development progress is not only slow but also disconnected from the market, with TVL (Total Value Locked) remaining low for an extended period. More critically, the once-proud security has been tarnished by 'chain break' incidents, and there is still a lack of strong native stablecoin support, leading to near-exhaustion of ecological vitality.
4. Community Cultism and 'Resolving Dissenters': The community atmosphere is extremely closed off, losing basic logical reasoning. Any objective questioning gets tagged as 'FUD' and faces backlash. When a blockchain can't resolve technical issues, they choose to 'resolve the people raising questions' $ADA s$NIGHT #币圈生存法则
Verified
《Technical Stagnation, Treasury Corruption, and Founders Who Only Blow Hot Air: Four Truths About ADA Heading Towards Collapse.》
ADA: From 'Ethereum Killer' to 'Zero Journey', how much faith has been consumed over the past decade?
If the early BTC investors had just held their positions, their profits would have easily crushed today's ADA. This stark contrast of 'the harder you work, the more you lose' raises a sharp question: Is ADA's so-called development creating value or just wasting time?
A deep dive into its decline reveals four core issues:
1. Governance Illusion and Treasury Black Box: The so-called 'decentralization' has devolved into a false proposition. Core organizational power is overly concentrated, and governance votes seem to be manipulated. The use of treasury funds lacks substantial oversight; as long as the higher-ups pass specific proposals, huge amounts of money can be compliantly 'fairly divided'. #ADA
2. Founder 'Celebritization' and Business Stagnation: Founder Charles Hoskinson has long been active in media and trends, adept at garnering attention through grand narratives, but has delivered virtually nothing in terms of real-world business implementation and strategic partnerships. This consensus built on 'hot air' is being seen through by the market.
3. Technical Lethargy and Ecological Desert: Development progress is not only slow but also disconnected from the market, with TVL (Total Value Locked) remaining low for an extended period. More critically, the once-proud security has been tarnished by 'chain break' incidents, and there is still a lack of strong native stablecoin support, leading to near-exhaustion of ecological vitality.
4. Community Cultism and 'Resolving Dissenters': The community atmosphere is extremely closed off, losing basic logical reasoning. Any objective questioning gets tagged as 'FUD' and faces backlash. When a blockchain can't resolve technical issues, they choose to 'resolve the people raising questions' $ADA s$NIGHT #币圈生存法则
ADA: From 'Ethereum Killer' to 'Zero Journey', how much faith has been consumed over the past decade?
If the early BTC investors had just held their positions, their profits would have easily crushed today's ADA. This stark contrast of 'the harder you work, the more you lose' raises a sharp question: Is ADA's so-called development creating value or just wasting time?
A deep dive into its decline reveals four core issues:
1. Governance Illusion and Treasury Black Box: The so-called 'decentralization' has devolved into a false proposition. Core organizational power is overly concentrated, and governance votes seem to be manipulated. The use of treasury funds lacks substantial oversight; as long as the higher-ups pass specific proposals, huge amounts of money can be compliantly 'fairly divided'. #ADA
2. Founder 'Celebritization' and Business Stagnation: Founder Charles Hoskinson has long been active in media and trends, adept at garnering attention through grand narratives, but has delivered virtually nothing in terms of real-world business implementation and strategic partnerships. This consensus built on 'hot air' is being seen through by the market.
3. Technical Lethargy and Ecological Desert: Development progress is not only slow but also disconnected from the market, with TVL (Total Value Locked) remaining low for an extended period. More critically, the once-proud security has been tarnished by 'chain break' incidents, and there is still a lack of strong native stablecoin support, leading to near-exhaustion of ecological vitality.
4. Community Cultism and 'Resolving Dissenters': The community atmosphere is extremely closed off, losing basic logical reasoning. Any objective questioning gets tagged as 'FUD' and faces backlash. When a blockchain can't resolve technical issues, they choose to 'resolve the people raising questions' $ADA s$NIGHT #币圈生存法则
What does this story tell us?
CZ
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【Binance Life】A small excerpt from the book:
(around 2006)
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Not long after, we heard that a hospital was going to implement a new management system. Although we knew nothing about the healthcare industry, we still wanted to give it a try.
The hospital leader loved to drink. At the dinner, he specifically brought two bottles of Maotai. Although my foreign colleague and I weren't used to drinking baijiu, we knew this was an important part of doing business. We experienced the art of persuasion in drinking for the first time and were completely overwhelmed.
Two hours later, no one could remember the serious matters. I hazily finished the bill, and the two of us staggered out to take a taxi. As soon as the taxi got onto the inner ring elevated road, we couldn't help but feel nauseous. We quickly rolled down the windows, one on each side, and threw up all the way in the night. That night, we left our “mark” in Shanghai.
Even though we drank so hard, we still didn’t get that project...
(around 2006)
---
Not long after, we heard that a hospital was going to implement a new management system. Although we knew nothing about the healthcare industry, we still wanted to give it a try.
The hospital leader loved to drink. At the dinner, he specifically brought two bottles of Maotai. Although my foreign colleague and I weren't used to drinking baijiu, we knew this was an important part of doing business. We experienced the art of persuasion in drinking for the first time and were completely overwhelmed.
Two hours later, no one could remember the serious matters. I hazily finished the bill, and the two of us staggered out to take a taxi. As soon as the taxi got onto the inner ring elevated road, we couldn't help but feel nauseous. We quickly rolled down the windows, one on each side, and threw up all the way in the night. That night, we left our “mark” in Shanghai.
Even though we drank so hard, we still didn’t get that project...
Bullish, ADA is likely to balance with NIGHT after, ADA is currently being drained by NIGHT
方然4
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Is it more night or empty?
Not as good as night, the risk is much lower than ada
SinaQ
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Yesterday I saw that everyone was bearish, and today it has started to rise again.
#ada Those who mindlessly praise ADA every day should really accumulate some virtue and stop harming others and themselves. If you genuinely care for this project, you should face its problems and point them out, rather than blindly covering your mouth and suppressing negative voices, living in a self-woven illusion and stagnating.
The so-called treasury continuously sells off massive amounts of ADA in the secondary market, under the guise of development and construction, while completely ignoring the vested interests of long-term holders. Such a model cannot be considered responsible, nor can it support a real future.
This chart is sufficient to explain everything, right? $ADA
The so-called treasury continuously sells off massive amounts of ADA in the secondary market, under the guise of development and construction, while completely ignoring the vested interests of long-term holders. Such a model cannot be considered responsible, nor can it support a real future.
This chart is sufficient to explain everything, right? $ADA
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