This industry won't change; we can only change our positions.
Today, He Yi mentioned in her post that the strategies from 2017's ICO, 2021's IEO, and even 2023's "wool-pulling" are no longer suitable for the current market. As a whistleblower, she is reminding everyone that the past money-making logic needs to be changed, indicating that the market has indeed reached a turning point.
1. Wool-pulling won't disappear:
The definition of wool-pulling is inherently broad. It's not just about bulk account registration to grab chips; it's a mindset—a continuous search for arbitrage opportunities in the market and discovering new asset issuance opportunities to scale up. The methods for acquiring early chips will change but won't disappear. The era of simple and brute-force account registration is over.
2. What remains unchanged:
Instead of worrying about how the future will change, it's better to consider which parameters in the industry will remain unchanged over the next five years. We need to continuously refine these unchanging parameters to have a first-mover advantage when new opportunities arise. For example, the four essential elements in the wool-pulling field: research, capital, technology, and manpower. Regardless of how this field evolves, these four elements are indispensable.
3. Increasing effects:
Besides these four elements, factors like influence, ecological niche, networks, expertise, and judgment will also matter. In the future, the larger your influence, the higher your resource distribution rights, and scarce resources will tilt towards you. The higher your ecological niche, the closer you are to the information source, and your success rate in seizing opportunities will be higher. The higher the quality of your network, the faster your growth and the better resources you will acquire.
4. Internal focus:
Similarly, in Texas Hold'em, we should focus more on decision quality rather than the outcome of a single game. By continuously optimizing our decision quality over time, even if our success rate is slightly higher than others, the long-term results will differ significantly. The core logic is to focus inward and not on uncontrollable parameters.
5. Evolutionary path won't change:
Observing the history of the internet's development over the past 20 years, the trend of class solidification won't change. 2% of people will control 98% of resource distribution rights. For instance, joining Tencent in 2005, 2010, or 2018 yields entirely different results, unaffected by individual will.
6. Our industry follows the same path:
The trend of class solidification is gradually becoming evident. To avoid being exploited as the bottom layer, focus on growing at a pace much faster than the industry's average. Accumulate influence, professional abilities, and your ecological niche. Future trends will be organizational, and long-term profits will be monopolized by professional organizations.
