Opportunities in the Ethereum Ecosystem | Q&A

1. Has the position ratio of Bitcoin and Ethereum changed?

The position ratio of these two assets has not changed much; together they have always accounted for over 60% of my portfolio.

2. The ETHS community is very constructive, and the situation is developing in a favorable direction. Should I consider buying back?

Some communities developed around ETHS (such as Ethscriptions, Facet, etc.) are quite good, but as I have written before, the development of Ethereum inscriptions is currently too lonely, with too few decent and well-known projects.

The recent good news is that the Ethereum Foundation has provided some sponsorship to the Ethscriptions team, which is closely related to ETHS, hoping that this team can make greater progress in Ethereum inscriptions.

However, "a single tree cannot make a forest." Even the best individual projects find it hard to support an ecosystem, not to mention that the existing projects related to ETHS are not particularly outstanding.

Therefore, I did not buy back a large amount of ETHS; I just provided some liquidity on facetswap to keep myself engaged with the facet ecosystem.

3. The Cancun upgrade has built a highway for ETH, and new gameplay will come soon.

I agree with this viewpoint.

Only when the tide goes out can we see who is swimming naked. After this period of adjustment, when all assets calm down and the market's noisy emotions gradually dissipate, we can re-examine the current crypto ecosystem and find that among the major public chains, Ethereum has the most complete infrastructure, and it performs best in the impossible triangle (decentralization, scalability, and security).

With the second-layer expansion, the Ethereum ecosystem can now fully support high-speed, low-fee applications that are an order of magnitude higher than in the last cycle.

The focus of the crypto ecosystem in the coming period should also be on entering a phase led by application innovation and development.

Currently, the entire crypto ecosystem lacks blockbuster applications. However, once new applications and scenarios truly emerge, I believe they will first appear in the Ethereum ecosystem.

4. What is DAI? Why is Ethereum's transaction fee called WEI? Does anyone know about a Chinese person?

I have specifically introduced WEI DAI in a previous article. It is certain that he comes from mainland China. In an English article on his personal website, he described his grandfather's unbearable experiences in mainland China from 1965 to 1975.

It was this experience that led him to have a persistent pursuit of decentralization. In the decentralized world he envisions, the primary issue to solve is the decentralization of currency issuance, which is why he wrote that paper quoted by Satoshi Nakamoto.

However, after that, he no longer researched the crypto ecosystem but instead focused his energy on the study of ethical regulation in artificial intelligence.

5. Starting to dollar-cost average into Bitcoin at 60,000, the price is not low, but acceptable. Personally, I believe the bull market is not over. If it is, I will extend the dollar-cost averaging period and wait for the next round, always insisting on only using spare money for investment.

Although I have reservations about this reader's approach because I think the operational cost is a bit high, I still appreciate this reader's strategy. Because in his strategy, he clearly understands the risks and returns of his actions, and more importantly, he knows how to avoid risks (always insisting on only using spare money for investment).

If such an investor persists in practice and continues to hone their skills, experiencing two to three bull-bear cycles, they will undoubtedly become a very mature investor and achieve ideal returns.