<p>如果你在过去几年里一直在加密行业工作，你一定感受到了越来越强烈的 “倦怠感”。上周末，Aevo 的联合创始人 Ken Chan 的长文无疑引起了许多人的共鸣。他使用了一个极端的标题——“我在加密行业浪费了八年的人生。” 这不仅仅是一个人的状态，而是行业专业人士的集体疲惫。Ken 写到了一个许多人不敢承认的真相：在加密行业，真的很容易失去时间的概念。这不仅仅是闲聊。你可能会为了空投熬夜，监控市场的发布，追逐价格的涨跌，整夜研究一个新协议，参与无数的社区治理无偿任务。从浪漫的自由主义到链上自治的实验，再到如今的 meme、永续合约和赌博主题项目的疯狂激增，这一切足以让人思考：我们真的在参与一场技术革命，还是在为一个无尽贪婪的赌场工作？行业内的疑虑并不是因为缺乏信念，而是源于加密行业本身的残酷结构：叙事生命周期短于产品生命周期；炒作超过基本面；投机的速度远快于开发；英雄崇拜与集体怀疑并存；许多项目的结局不是失败，而是消失。坦率地说，许多人经历了 Ken 的感受。这些疑虑并非毫无根据。“我们到底在坚持什么？” 这个问题的分量远比 “比特币的价格会继续上涨吗？” 更重。因此，当我们说 “我们相信加密”，我们到底在相信什么？我们相信项目团队吗？不。我们相信某个名人或 KOL 吗？当然不是。我们相信叙事吗？那更不可能。许多人会突然意识到，他们真正相信的可能只有一件事：我们仍然坚持并相信的是加密对世界的意义。因此，在 Ken 的文章走红后，Castle Island Ventures 的联合创始人 Nic Carter 迅速写了一篇回应文章——“我不后悔在加密行业花费八年。” 加密对世界的意义是什么？Nic Carter 提出了他的五点：使货币系统更稳健，用智能合约编码商业逻辑，使数字产权变得真实，提高资本市场的效率，扩大全球金融包容性。不要忘记我们为什么开始。每当行业动荡时，我们或许可以重读比特币白皮书。“一个点对点的电子现金系统”——这是白皮书的第一句话。2008 年，金融危机袭来，银行倒闭，雷曼兄弟崩溃。金融家和政治家让世界为他们的风险和错误买单。比特币的创造并不是为了创造财富，而是为了回答这个问题：“我们能否建立一个不依赖任何中心化机构的货币系统？” 历史上第一次，人类拥有了一种不需要信任任何人的货币。这是世界上唯一一个真正独立的金融系统，不属于任何国家、公司或个人。你可以批评 ETH，批评 Solana，批评所有 L2，批评所有 DEX，但很少有人会批评比特币，因为它的初衷从未改变。任何 Web2 公司明天都可以关闭你的账户；但没有人可以阻止你明天发送比特币。总会有人不喜欢它，不相信它，甚至攻击它，但没有人可以改变它。水惠及万物而不争。全球通货膨胀、高主权债务、长期下降的无风险利率后的资产稀缺、金融压迫和缺乏隐私……使得加密行业的愿景并没有过时，而是更加紧迫。正如 Nic Carter 所说，“我从未见过比加密更能推动资本市场基础设施升级的技术。” 为什么这不是一个失败的行业？Ken 说他浪费了八年。但我们真的浪费了青春吗？在阿根廷、土耳其和委内瑞拉等高通胀国家，比特币和稳定币已成为事实上的 “影子金融系统”。第一次，数亿没有银行系统的人拥有了全球数字资产；第一次，人类拥有了可以独立控制的全球资产；国际支付不再需要银行；数十亿人第一次接触到同一个金融系统；金融基础设施开始超越国界；一个独立于暴力和权力的资产正在获得全球认可……对于一个高通胀的国家来说，稳定、不贬值的货币就像诺亚方舟，因此稳定币占阿根廷加密货币交易量的 61.8%。对于有海外业务的自由职业者、数字游民和富人来说，USDT 是他们的数字美元。与其把美元藏在床垫下，或冒险在黑市上换汇，点击鼠标将比索转换为 USDT 似乎更优雅和安全。无论是街头小贩的现金交易，还是精英的 USDT 转账，基本上都反映了对国家信用的不信任和对私有财产的保护。在一个税负高、福利低、货币不断贬值的国家，每一笔 “灰色交易” 都是对系统性剥削的反抗。一个世纪以来，布宜诺斯艾利斯的 Casa Rosada 多次易手，而比索却毫无价值。但普通人通过地下交易和他们自己的 “灰色智慧”，设法在看似绝望的情况下找到出路。相关阅读：“地下阿根廷：犹太货币兑换、华人超市、失落的年轻人和中产阶级重返贫困”</p>
<p>几乎所有世界前 20 大基金都已建立 Web3 部门；传统金融机构继续涌入（黑石、富达、芝加哥商品交易所）；国家数字货币系统以比特币为模型；美国的数字资产 ETF 正在创下资本流入的新纪录；在短短 15 年内，比特币已跃升至全球金融资产前十名……</p>
<p>即使存在泡沫、投机、混乱和诈骗，一些事实已经发生。这些变化无疑在某种程度上改变了世界。而我们正处于一个将继续改变全球金融结构的行业中。</p>

GBTC

<p>这篇文章反映了加密行业面临的挑战和重要性，突出了专业人士的倦怠感，并质疑该行业的目的。Ken Chan 的病毒式文章表达了怀疑，而 Nic Carter 则为加密货币的全球影响辩护，强调其在金融包容性和独立性方面的作用。尽管受到批评，比特币仍然是去中心化金融的象征，在超通货膨胀的国家提供稳定性。这场辩论突显了加密货币转变金融系统的潜力，以及在全球经济挑战中其持久的相关性</p>

<p>If you've been in the crypto industry for the past few years, you've definitely felt that increasingly strong sense of &#34;burnout.&#34; Last weekend, Aevo co-founder Ken Chan's long article undoubtedly struck a chord with many. He used an extreme title—&#34;I Wasted 8 Years of My Life in the Crypto Industry.&#34; This isn't just one person's state, but a collective fatigue among industry professionals. Ken wrote about a truth many dare not admit: in the crypto industry, it's really easy to lose track of time. This isn't just idle talk. You might stay up all night for airdrops, monitor the market for launches, chase rising and falling prices for narratives, research a new protocol all night, and participate in countless unpaid tasks for community governance. From romantic liberalism to experiments with on-chain autonomy, and now to the runaway surge in memes, perpetuities, and gambling-themed projects, all of this is enough to make one wonder: are we truly participating in a technological revolution, or are we working for an infinitely greedy casino? The doubts of those in the industry don't stem from a lack of conviction, but from the brutal structure of the crypto industry itself: narrative lifecycles are shorter than product lifecycles; hype outweighs fundamentals; speculation moves much faster than development; hero worship and collective skepticism coexist; and many projects don't end in failure, but in disappearance. Frankly, many have experienced what Ken felt. And these doubts are not unfounded. &#34;What exactly are we upholding?&#34; This question carries far more weight than &#34;Will the price of Bitcoin continue to rise?&#34; So when we say &#34;We believe in crypto,&#34; what are we truly believing in? Are we believing in the project teams? No. Are we believing in a particular celebrity or KOL? Of course not. Are we believing in narratives? That's even less likely. Many people will suddenly realize that what they've truly believed in all along might only be one thing: what we still hold onto and believe in is the significance of crypto to the world. Therefore, after Ken's article went viral, Nic Carter, co-founder of Castle Island Ventures, quickly wrote another response article—&#34;I Don't Regret Spending Eight Years in the Crypto Industry.&#34; What is the significance of crypto to the world? Nic Carter offered his five points: making the monetary system more robust, encoding business logic with smart contracts, making digital property rights real, improving the efficiency of capital markets, and expanding global financial inclusion. Don't forget why we started. Whenever the industry is in turmoil, we can perhaps reread the Bitcoin white paper. &#34;A peer-to-peer electronic cash system&#34;—this is the first sentence of the white paper. In 2008, the financial crisis hit, banks collapsed, and Lehman Brothers crumbled. Financiers and politicians made the world pay for their risks and mistakes. Bitcoin was not created to create wealth, but to answer the question: &#34;Can we build a monetary system that doesn't rely on any centralized institution?&#34; For the first time in history, humanity possesses a currency that doesn't require trust in anyone. This is the only truly independent financial system in the world that doesn't belong to any country, company, or individual. You can criticize ETH, criticize Solana, criticize all L2, criticize all DEXs, but few will criticize Bitcoin, because its original purpose has never changed. Any Web2 company can close your account tomorrow; but no one can stop you from sending Bitcoin tomorrow. There will always be people who dislike it, don't believe in it, or even attack it, but no one can change it. Water benefits all things without contention. The existence of global inflation, high sovereign debt, asset scarcity after a long period of declining risk-free interest rates, financial oppression, and lack of privacy... makes the vision of the crypto industry not outdated, but even more urgent. As Nic Carter said, &#34;I have never seen a technology that can drive the upgrading of capital market infrastructure more than crypto.&#34; Why isn't this a failed industry? Ken said he wasted eight years. But have we really wasted our youth? In hyperinflationary countries like Argentina, Turkey, and Venezuela, Bitcoin and stablecoins have become de facto &#34;shadow financial systems.&#34; For the first time, hundreds of millions of people without access to the banking system possess global digital assets; for the first time, humanity has global assets that it can control independently; international payments no longer require banks; billions of people have access to the same financial system for the first time; financial infrastructure is beginning to transcend national borders; and an asset independent of violence and power is gaining global recognition… For a country with high inflation, a stable, non-depreciating currency is like a Noah's Ark, hence stablecoins account for 61.8% of Argentina's cryptocurrency trading volume. For freelancers with overseas businesses, digital nomads, and the wealthy, USDT is their digital dollar. Compared to hiding dollars under a mattress or risking exchanging currency on the black market, clicking a mouse to convert pesos to USDT seems more elegant and secure. Whether it's cash transactions by street vendors or USDT transfers by the elite, both essentially reflect a distrust of the state's credit and a protection of private property. In a country with high taxes, low welfare, and a constantly depreciating currency, every &#34;grey transaction&#34; is a rebellion against systemic exploitation. For a century, the Casa Rosada in Buenos Aires has changed hands many times, and the peso has been worthless. But ordinary people, through underground transactions and their own &#34;grey wisdom,&#34; have managed to find a way out of seemingly hopeless situations. Related Reading: &#34;Underground Argentina: Jewish Money Exchanges, Chinese Supermarkets, Dejected Young People, and the Middle Class Falling Back into Poverty&#34;</p>
<div class="lb-trans"><p>如果你在过去几年里一直在加密行业工作，你一定感受到了越来越强烈的 “倦怠感”。上周末，Aevo 的联合创始人 Ken Chan 的长文无疑引起了许多人的共鸣。他使用了一个极端的标题——“我在加密行业浪费了八年的人生。” 这不仅仅是一个人的状态，而是行业专业人士的集体疲惫。Ken 写到了一个许多人不敢承认的真相：在加密行业，真的很容易失去时间的概念。这不仅仅是闲聊。你可能会为了空投熬夜，监控市场的发布，追逐价格的涨跌，整夜研究一个新协议，参与无数的社区治理无偿任务。从浪漫的自由主义到链上自治的实验，再到如今的 meme、永续合约和赌博主题项目的疯狂激增，这一切足以让人思考：我们真的在参与一场技术革命，还是在为一个无尽贪婪的赌场工作？行业内的疑虑并不是因为缺乏信念，而是源于加密行业本身的残酷结构：叙事生命周期短于产品生命周期；炒作超过基本面；投机的速度远快于开发；英雄崇拜与集体怀疑并存；许多项目的结局不是失败，而是消失。坦率地说，许多人经历了 Ken 的感受。这些疑虑并非毫无根据。“我们到底在坚持什么？” 这个问题的分量远比 “比特币的价格会继续上涨吗？” 更重。因此，当我们说 “我们相信加密”，我们到底在相信什么？我们相信项目团队吗？不。我们相信某个名人或 KOL 吗？当然不是。我们相信叙事吗？那更不可能。许多人会突然意识到，他们真正相信的可能只有一件事：我们仍然坚持并相信的是加密对世界的意义。因此，在 Ken 的文章走红后，Castle Island Ventures 的联合创始人 Nic Carter 迅速写了一篇回应文章——“我不后悔在加密行业花费八年。” 加密对世界的意义是什么？Nic Carter 提出了他的五点：使货币系统更稳健，用智能合约编码商业逻辑，使数字产权变得真实，提高资本市场的效率，扩大全球金融包容性。不要忘记我们为什么开始。每当行业动荡时，我们或许可以重读比特币白皮书。“一个点对点的电子现金系统”——这是白皮书的第一句话。2008 年，金融危机袭来，银行倒闭，雷曼兄弟崩溃。金融家和政治家让世界为他们的风险和错误买单。比特币的创造并不是为了创造财富，而是为了回答这个问题：“我们能否建立一个不依赖任何中心化机构的货币系统？” 历史上第一次，人类拥有了一种不需要信任任何人的货币。这是世界上唯一一个真正独立的金融系统，不属于任何国家、公司或个人。你可以批评 ETH，批评 Solana，批评所有 L2，批评所有 DEX，但很少有人会批评比特币，因为它的初衷从未改变。任何 Web2 公司明天都可以关闭你的账户；但没有人可以阻止你明天发送比特币。总会有人不喜欢它，不相信它，甚至攻击它，但没有人可以改变它。水惠及万物而不争。全球通货膨胀、高主权债务、长期下降的无风险利率后的资产稀缺、金融压迫和缺乏隐私……使得加密行业的愿景并没有过时，而是更加紧迫。正如 Nic Carter 所说，“我从未见过比加密更能推动资本市场基础设施升级的技术。” 为什么这不是一个失败的行业？Ken 说他浪费了八年。但我们真的浪费了青春吗？在阿根廷、土耳其和委内瑞拉等高通胀国家，比特币和稳定币已成为事实上的 “影子金融系统”。第一次，数亿没有银行系统的人拥有了全球数字资产；第一次，人类拥有了可以独立控制的全球资产；国际支付不再需要银行；数十亿人第一次接触到同一个金融系统；金融基础设施开始超越国界；一个独立于暴力和权力的资产正在获得全球认可……对于一个高通胀的国家来说，稳定、不贬值的货币就像诺亚方舟，因此稳定币占阿根廷加密货币交易量的 61.8%。对于有海外业务的自由职业者、数字游民和富人来说，USDT 是他们的数字美元。与其把美元藏在床垫下，或冒险在黑市上换汇，点击鼠标将比索转换为 USDT 似乎更优雅和安全。无论是街头小贩的现金交易，还是精英的 USDT 转账，基本上都反映了对国家信用的不信任和对私有财产的保护。在一个税负高、福利低、货币不断贬值的国家，每一笔 “灰色交易” 都是对系统性剥削的反抗。一个世纪以来，布宜诺斯艾利斯的 Casa Rosada 多次易手，而比索却毫无价值。但普通人通过地下交易和他们自己的 “灰色智慧”，设法在看似绝望的情况下找到出路。相关阅读：“地下阿根廷：犹太货币兑换、华人超市、失落的年轻人和中产阶级重返贫困”</p>
</div><p>Almost all of the world's top 20 funds have established Web3 departments; TradeFi institutions continue to flock in (BlackRock, Fidelity, CME); national digital currency systems are modeled after Bitcoin; digital asset ETFs across the US are setting new records for capital inflows; in just 15 years, Bitcoin has jumped to the top ten global financial assets…</p>
<div class="lb-trans"><p>几乎所有世界前 20 大基金都已建立 Web3 部门；传统金融机构继续涌入（黑石、富达、芝加哥商品交易所）；国家数字货币系统以比特币为模型；美国的数字资产 ETF 正在创下资本流入的新纪录；在短短 15 年内，比特币已跃升至全球金融资产前十名……</p>
</div><p>Even with bubbles, speculation, chaos, and scams, some facts have already occurred. These changes have undeniably altered the world to some extent. And we stand in an industry that will continue to change the global financial structure.</p>
<div class="lb-trans"><p>即使存在泡沫、投机、混乱和诈骗，一些事实已经发生。这些变化无疑在某种程度上改变了世界。而我们正处于一个将继续改变全球金融结构的行业中。</p>
</div>

你仍然应该相信加密货币