Whether an environment is open or not is crucial for expanding one's cognitive boundaries. In a relatively restrictive environment, you're likely stuck in an information echo chamber. In a society with too much uniformity, it's difficult to achieve significant alpha. This is because many possibilities are stifled, and most people are stuck in a predetermined cycle. When you can think outside the box and beyond established rules, you'll realize how detrimental the environment's constraints on your development can be. Therefore, in your youth, it's essential to explore the world. Horizons, knowledge, resources, and methods are all potentially more important than simply working hard in isolation.

Cultivating Immortality in a Casino That Never Closes Those who consistently make huge fortunes in the gaming industry generally define it as a giant casino, where everyone comes to gamble. The various new asset issuance methods are also designed to constantly change the way people gamble. There's no fundamental difference between baccarat and slot machines. For casinos, the most important thing is to have a steady stream of people gambling at the tables. Strategically, then, the most important thing is to diligently develop products that make it easier for gamblers to place bets, while also obtaining licenses to operate casinos more legally. For gamblers, cultivating within this arena is crucial. The most important thing is to recognize that you are a gambler. Only then can you truly see reality when a new asset bubble is about to burst. The remaining cultivation of immortality is to constantly ponder how to become a superior poker player. You can practice alchemy or cultivate dharma, but the key is to find your own strengths. For example, I spent the entire night cultivating immortality, and now I'm getting my car repaired.

What's the real selling point of the iPhone in this age of information anxiety? I saw a news story today saying the iPhone 17 might even outsell the iPhone 16. People mock the iPhone's lack of innovation, yet they keep buying it. The reason is simple: the iPhone is the most worry-free product available today, bar none. Certainty is the most scarce commodity of our time. This logic also applies to the cryptocurrency world. I've seen a lot of discussion lately about Endless, with AI + Web3, modular cloud platforms, composable protocols... It sounds exciting, but isn't it really a headache? After taking a closer look, it boils down to one simple sentence: pool the capabilities of others to create a tool that even idiots can use, and everyone shares the profits. Technology can be complex, but it must be simple for users. This is the underlying principle of a good product. In an age of information overload, any promotion that increases cognitive overhead is simply trying to dissuade users. Less Android, more Apple. Simplicity trumps all.

Thanks to @Cayne_okx and @mia_okx for the invitation. I saw that OKX has some events going on these days, so I'm planning to go on the afternoon of the 30th and the F1 event on the 4th. I've been looking at houses in Singapore lately. I'm really planning on settling down long-term in Singapore, Bangkok, and Shenzhen. 🤣

To achieve wealth, cultivate a relationship with the world; its essence is altruism. To achieve happiness, cultivate a relationship with yourself; its essence is self-coherence.

The Essence of Live Streaming Coins Everything is about attention, so can attention become the Nasdaq? This statement may be the underlying logic behind Pump's live streaming efforts. If it were merely a meme launchpad, this path would no longer work. Pump has relaunched live streaming, hoping not only to expand attention but also to consolidate that traffic, creating a TikTok version of the Nasdaq. However, Web3 lacks the talent, money, and creativity of Web2, which is a true super-source of traffic. Traditional live streaming is nothing more than tips and advertising, and individuals still rely on traffic monetization. The capitalized portion is still captured by platforms and guilds. The greatest significance of live streaming coins lies in: equal rights in terms of capitalization. Personality becomes an asset, brands can go public, and influence is a pricing mechanism. This undoubtedly unleashes the creative value of streamers. However, the success of live streaming coins still faces three constraints. First, guild membership is a must, not an option. After the IPO, the operation of the capital market still relies on the guild. Whether it's MM, launch design, token offerings, or trading depth, these specialized skills are neither readily available nor easily acquired by most streamers. Otherwise, once the bottom-line token offerings are taken away, the platform is essentially ruined. Secondly, the asset anchoring the token is the streamer's personal brand. Its value is anchored by its IP, popularity, and performance. Therefore, the operational strategy shouldn't be about streamers selling tokens, but rather finding ways to amplify the emotional value they create for the audience. Finally, in terms of the flywheel effect, all streamers are doing is attracting the Web2 community to become IPO shareholders. The token's purpose is to spread influence and ultimately achieve growth. Let streamers do their thing, and developers do their thing, collaborating for mutual benefit and building a community of shared interests. From this perspective, Pump Live is actually redistributing capital. It's not simply about attracting more people to trade tokens, but about empowering influencers to have their own capital sovereignty. Compared with Web2 platforms that are responsible for traffic distribution and anchors are only content providers, in Pump live streaming, each anchor is a small platform. The platform does not own the anchor, but is owned and defined by the anchor.

Only after burning through tens of millions did I understand the importance of patterns. Before I was 24, I primarily relied on experience and personal effort to start my own business—more accurately, brute force. Until I went bankrupt. After that, I spent almost a whole year reviewing my past. The problem I discovered was that some of my cognitive framework was correct, some was wrong, and even more crucially, I had no idea which ones were wrong. My mistakes almost all stemmed from inertial thinking and faulty assumptions. So, I later tried a new approach: I first assumed I was wrong, overturning my existing understanding. Then I re-learned, using classic texts to rebuild my own cognitive system: everything in the world is governed by patterns. These objective laws are not subject to personal will, nor will they be relaxed simply because you work hard. Since then, I have essentially embraced patterns as the foundation of my cognitive framework, and I no longer easily act based on empiricism or inertia. Therefore, when judging many things, I tend to look for things that remain constant rather than things that change. Once you've found the unchanging laws, using them as your foundation and then exercising your subjective initiative, things will become much easier and smoother.

I'm almost 30 in the blink of an eye. I've been reflecting on the few insights that have helped me the most over the years: 1. This world is governed by laws. Everything has its own laws, and everyone has their own laws. When I first started my business, I often gave myself a lot of pep talks and worked blindly. It wasn't until I fell and suffered a lot that I truly understood the meaning of the word "law." Once I understood objective laws, achieving success simply required following the flow. 2. Fully understand yourself. Each of us is merely a carrier of genes, a random card drawn at birth. Everyone has different attributes, and there's no good or bad. To maximize our potential in this vast virtual machine, we need to understand our own talents and then exercise our subjective initiative. 3. Live in the present; the past and the future are illusions. We often focus too much on the future, as if everything we do today is a plan for the future, while the present is constantly neglected. I used to think that I would be happy and content once I earned a certain amount of money or achieved a certain goal. This is like a donkey with a carrot hanging on its back, forever dominated by desires and never happy. In fact, the only real thing is the present moment. No matter what stage of life you are in, you should treat yourself well and treat life well. You should treat those who treat you well even better and be a happy person.

What I hope most now is that the KOL rounds in which I invested a lot last year can also be as strong as Soon, giving me another chance to hedge.

RT @hebi555: The ancient Greek god of overnight wealth Became the richest Chinese in four years CZ's net worth soared by 200 billion 300 days after his release from prison