A Memorandum Arouses Thousands of Waves, TOKEN2049 Small Composition Summary
On September 28, the Token2049 event in Singapore ended successfully. It was the first Web3 event in months, and it was packed, and Web3 was still buzzing. But the participating domestic practitioners were not happy. After “returning to their 10,000 yuan a night hotel”, they felt unprecedentedly helpless about the future of the Chinese Web3 project and the founder. At this Web3 conference, people seem to feel the great oppression from "European and American Web3". We seem to have become "Jews in the Crypto world".
After an essay "Token 2049 Takeaways" spread in the community, everyone published I have held back on Web3 for a long time, but I have never dared to express my heartfelt feelings. Discussions about the future of domestic Web3 exploded:
“One stone stirs up...”
Zhao Chen "Token 2049 Takeaways"
「... Melaleuca waves」
Wang Feng
Read Zhao's short article on screen swiping in Singapore. The heart is extremely heavy.
We are experiencing the greatest insult in the history of mankind in the New World. I have never been insulted like this since I was a child. When I was a child, I saw a fist harder than myself. endured. Leaving the old man Bei Piao, endured a sentence like you outsiders, endured it. When I couldn't afford a house, I could only buy a one-story house in the suburbs of Beijing. I endured the horror of the police knocking on the door in the middle of the night asking for a temporary residence permit. I'm all haha. Only work hard to fate.
But in my heart, I have never suffered such humiliation, this feeling. It's not a pain on the skin, even if it is roasted with fire, it can't be compared. This is the death of the blood of a new technology group.
The Chinese Web3 team can only spend the least amount of money to do the most work, others are the same as you The ability of financing is ten times that of yours, and the scenery on stage and off stage is full of glory. Are we railroad ties on the human Web3 civilization?
I think of Marx's words.
Don’t laugh when you say that the Chinese are the Jews of Web3. People say that they were also Jews before the founding of Israel in 1948. They were the chosen people of God who drifted all over the world just for money, without their own personality.
And so far, we don't have a Moses of our own either. Over the past year, what I have heard the most is that the Chinese look down on the Chinese. Isn’t this the Shanghai stall 100 years ago?
"Chinese and dogs (leeks) are not allowed to enter (maybe) Web3". This brand has been written in the hearts of many people. What kind of face is this? Who caused this? In the age of great voyages that was clearly promised, at the beginning of riding the wind, who did we provoke?
Wang Tianfan< /h4>
The layout and vision of that article are still small.
Not to mention that the investment performance of those megafunds has been reported to be bad, Even the sample of Token2049 participants is not instructive.
Our Web3 investment has been positioned to support 30 Chinese builders from the very beginning. The list is not clear, so it is said that China's Web3 is weak, not the global project of Scattering Beans and then collecting 100-200 logos. In the end, the one on this board is at most close to beta and has a high probability of losing to eth.
The biggest problem in this industry is definitely not which country has more people and which has more people, but There is no basic governance technology, tokenomics value capture is too fake, basic security issues cannot be solved, the tps of reliable public chains is too low, and media articles on public accounts are too self-deceiving.
Compared to these problems, there are few Chinese on stage, that is really a small thing, What's more, the Chinese are all serious about building for mass users. If you don't come to parties and investors to join in the fun, it must be impossible? hehe.
Mindao
< /p>
It is not easy for a Web3 meeting to bring out national hatred and family hatred. In fact, this sense of identity is particularly strong in Chinese culture, and they like to carry out self-abuse reflections; Stigma has penetrated into the subconscious of overseas mainstream society. Of course, this does not affect any industry, but the broadest Chinese group.
As for the inner cultural inferiority of the Chinese people, where is the product of web3, Hong Kong Central more than ten years ago There is no need to deny that the service attitude and tone of high-end restaurants are much better when ordering and placing orders in English. In the Web2 era, there is still a huge local market as the trump card, and buyers are still willing to pay high prices. For most domestic projects, Western LPs can only find an agent to grab the deal. The political confrontation between China and the United States in this cycle has led to capital siding is indeed obvious.
For example, a16z has come up with funds like American Dynamism, and this kind of standing In the end, the composition of LP and the background of GP are determined. The web3 group, the motherland on the left does not love it, the capital on the right stands in line, and the main market in the middle is absent. Compared with other industries, the comparison is indeed more obvious. In this transitional period, there is not much that can be changed by the individual, and there is no shortage of money, talents, and a huge market.
Justin Sun
Token2049 You don’t have to be particularly pessimistic , On the contrary, in Singapore, I have seen many creative Chinese teams, and the layout of the public chain trading platform is very complete. TRON will continue to be obliged to support the Chinese Web3 team and users, continue to hold heavy positions, and shoulder the value of Chinese development in Web3!
Frank
It’s all going crazy outside brother this. Most of what is said is the reality, but is it really just because of nationality and language that domestic projects are looked down upon? Nope.
The Chinese entrepreneurs who really persisted in doing things in the last bear market are now doing well in all aspects not bad. As for the current Chinese project, I see more people who don’t understand crypto and come to collect money and change it hard. It’s normal to be disgusted by it.
Is the investor sick and wants to lick Europe and the United States? It's not that there are few good projects in China, and there are more hard changes and less innovation. What can be done about this? I have always believed that only with the rise of Chinese entrepreneurs can China’s crypto fund really grow, so I really hope that there will be more and more Chinese entrepreneurs who really love and believe in crypto, and can do things in a down-to-earth manner. This is the only way to solve the current predicament last resort. It is useful to have a problem and solve it every day to shout slogans here.
Forgiven
A few major prerequisites for Web3 entrepreneurs:
< /p>
1. Domestic route: Using the public chain as the bottom layer is just as compliant and legal. Renminbi must be used for settlement, and financial and token-related innovations cannot be touched. Economic models can be driven with NFT(1155) and its secondary market.
2. Due to content review/payment restrictions, the entrepreneurial opportunities of Web3 creators/content/brand marketing/social networking/DID must have mirror images in China For opportunities, refer to the history of Web2 development.
3. International route: In terms of financing, China Unicom International has a large number of active VC funds waiting to be fed . In terms of structure, if it is not necessary in the country, do not add entities. The front desk (show face) personnel are non-Chinese faces, or leave the country before the Token is in circulation. In terms of products: there is no Chinese interface and no Chinese promotion, and no Chinese users can be safe.
4. Long-term entrepreneurs: First focus on user growth, expand the circle for Web3, and don't look at anyone's face.
Wiger: "Token 2049 in the eyes of Wiger"
1. Singapore has many opportunities and is very friendly to young people. I have met high-quality project parties, learned from OG, and met VC partners and LPs.
2. There are very few children (post-00s) who came to participate in 2049 in China this time. After chatting for a while, I found out that it was just me, York, and Zixi, and there were a lot of young people overseas, especially young project parties, Germany, the United States, etc. I suddenly felt There is a lot of pressure, and it feels like the two armies are at war, and the other side has a steady stream of densely packed people fighting, and it seems that there is already a desert behind us.
3． There has been a bit of separation between the Chinese and overseas circles, and there have been some not too big faults in cognition, research, and capital flow, but I think this is a huge opportunity for us to write more code and develop more applications, maybe Which one has become WeChat and Douyin?
4. You should try to integrate into some overseas circles. Even if you can't, you should understand what the other party is doing so that you don't work blindly.
5. Although I feel that everyone is very kind to me and very enthusiastic, I always remind myself that I can't fall into a state of self-anesthesia, whether I can chat, what kind of products I make, whether institutions invest or not, every step is difficult, I always Remind yourself to be sober and work hard.
6. I have a deeper understanding of myself. In addition to technology, communication skills, learning speed, and hard work, how to make people with different cultural backgrounds and different cognitive levels gain mutual trust, explain what they do, and reach cooperation. Definitely a challenge.
At the banquet near No. 7.25, all Chinese people were active in the group and on the scene, but When I try to share, we want to develop technology, we want to do modular public chain, we want to do QoS, everyone is not very interested. Instead, they are only interested in the Title of my junior class and the initial support of NGC, and The most frequently asked questions are how much help NGC has given you, and how much the valuation is. It's a bit sad, but it doesn't matter, we will definitely do it.
The Longhash NGC dinner on 8.28 and the LTP dinner on the 29th are my favorite, super praise.
At the 1inch dinner on the night of 9.28, 96% of overseas groups only saw one friend go in Well, no one even discussed it in the group, maybe the information in my circle is poor, I stood at the door for 20 minutes and left, I can only say that I am still not strong enough, haha.
10. I sincerely thank the seniors introduced by Brother Hao, the big data group friends, and Mr. Xia. It feels really good to have someone lead the way. Standing on the shoulders of giants, I will work harder. Two hot pots, one breakfast, one phone call, It may be a few years of valuable experience, 10 A9 seniors led me, what can I do.
11. Seeing the passers-by waiting for the bus, they got into a white Rolls-Royce and left, but I was thinking about the money left in my hand. Is it enough to live in Singapore for 5 days? 22ETH forced me to work hard, and then Rolls Royce pushed me forward.
12. Climbing up, poor information, amount of funds, and doing projects. There are too many opportunities here, don't bully the young and poor, keep working hard, go out and kill the Quartet.
KVC.eth: "Token 2049 @SG circle buidler words"
1. Except for Mainland/HK, the circle around CN is making money.
2. The English on the podium is not very pleasant. The really valuable English is not heard in SG 2049, but in North America.
3. God V can only successfully abandon Chinese miners after getting support from China. Now Enter the flower street circle of influence. Chinese projects have the best CEX in the world, and Element/X2Y2, which is about to catch up with OpenSea. The biggest bottleneck of Chinese capital and Chinese projects is low self-esteem, which is the desire for recognition rather than lack of strength.
4. Is it wise not to invest in Chinese projects to take over the 2 billion/3 billion infr in the Bay Area? ?
5. The CryptoNative project does not completely need capital support, especially the capital of web2 habits. In the last wave, they couldn’t understand Crypto at all. After they didn’t get any dividends in this wave, they tried to view/suppress the Crypto project with traditional VC’s narrative, and pulled buidler into their own narrative to PUA.
6. The trading platform/public chain is responsible for supporting the development of the industry. Just like FB/Tencent, they have the obligation and necessity to support the ecology. Otherwise, there is no ecological public chain, can you play stand-alone by yourself?
7. Web2 entrepreneurs hurry up, now linfr can almost do Dapp. Now is the best period of latent obscene development, all traffic/personnel are discounted by half compared to the bull market. The impetuous investors dissipated like a bubble, and the rest are the most faithful Crypto Investers.
8. Products can always conquer the market by relying on products and users, forget those impetuous VCs /Fund, it’s not that your product is bad, they just have no money.
9. The Chinese/Chinese project must be the most popular in Crypto’s next round of narrative direction. There is no need to lie to others, it is short-sighted not to invest in Chinese projects, you give him a chance to go back to invest in Binance, you see if he eats it or not.
10. Don't be PUA by Fund, and firmly believe in the strength of Chinese engineers. Don't forget your roots when doing things, Crypto is not supported by Chinese leeks, and the great Ethereum Foundation doesn't know where it is going.
11. The savior of this round of bear market is not web2 VC, but Crypto Native fund and social group! What we need is a Doge / Robin Hood story. Buidler look for those Crypto OGs, they grew up in the industry and believe in it the most.
12.Crypto essentially subverts capital, subverts tradition, subverts everything in the past, don’t stop Educated by capital in suits and ties, whether they like to invest or not, we are going to let them take over, not let them educate you.
13. Please stick to Crypto Native without compromise! The Stars our Destination!
Victor Ji
1, 2022 The core of the Asian community is actually a trading platform, how can there be a truly decentralized ecosystem?
2. It is rare to hear institutions and project parties talking about roadmaps, products, users, and growth. Tokens that issue coins without these are cut leeks. Many Chinese projects have been in the past, they are now, and they should be in the future.
3, many VCs only focus on the investment institutions in the last round and what they got trading platform. The project party just wants to introduce VCs from Europe and America. Modular, ZK, danksharing these directions may still be too early for Singapore.
4, where are the Chinese institutions that can build narrative instead of investing in cheap deal, hype deal? High valuation followed by Aptos and Sui is fomo or cognitive bias?
5, the problem is not the Chinese, but the environment and the direction of focus. The Chinese in the United States can also work hard to do a good job in the project, and then settle down and spend seven years to make a good direction. As long as you focus on the right things (how to realize vision instead of buying Rolls-Royce) and ensure that the team is diverse enough (not looking for someone to stand on the platform, you must have a sufficiently diverse engineering #l marketing team for web3 projects) Chinese people can also be a socially Valuable product/platform.
6, China’s revolution can originate from the Forbidden City or Honolulu, and so does web3 . Singapore is very good, and there is no need to come back in the past two years.
1. Singapore is really numb.
2. I can write a twitter thread but use an iphone memo to know more about the Jewish heritage.
3. If a Chinese says that he wants to start a project because he has a decentralization ideal, in the end If he promotes the political situation, other Chinese will immediately think that he must be poor and stupid.
4. Most of the people who come in web2 don’t want to do big business at all, they just want to Make up for failures in web2.
5. The reason why Asian capital does not invest in Chinese people is that they just want to finish investing quickly , Chinese projects can’t be cut down on the Chinese because they are normal, and the return on investment is low. The main reason why Chinese projects often fail to get investment is that the previous projects are cut faster and the sickle suffers later.
6. An excellent web3 founder lies in his own face and what good price he can sell .
7.2018 A global family just purely plays cx, whoever plays well will play with whoever , 2022 Everyone made some money and wanted to buy some face and came back to hide it.
8. I don’t know what web3 is, so stop asking.
Slow Mist Cosine
Chinese do not need to be in Web3 There is no need to be pessimistic, to be pessimistic about those false prosperity, the real power never cares about these. For example, the so-called Web3 hackers, all actions are the most original and essential. If the code is not safe, it is not safe. If you have strength, you have strength. If you are lucky, you are lucky. The dark forest is the truest form of this industry, not those feasting and feasting, that is not punk, that is false prosperity...
Welcome to Sober.
自我判断的能力
Rolling aunt:
1. No matter whether you are at home or abroad, you don’t have to worry about gains and losses and brag about yourself. Small web3 projects can be done anywhere.
2. Some people think that web3 is either a savior or worthless, which is too extreme. web3 is a small circle, and loneliness is the norm. People in the circle also rely on strong beliefs to endure external doubts, experience troughs and climaxes, some people leave and others come.
3. The technology and capital of the United States have always been very strong, but China’s JD.com, SF Express, and Double Eleven’s transaction volume also surpassed Amazon’s in seconds, and Tiktok’s catching up with Facebook Don't let the wind of populism blow to web3.
4. Now the industry is much better than before, with more diversified infrastructure and tracks. This industry can no longer be better. Please abandon some negative emotions .
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