Back in the day, fundraising was fundraising, now fundraising is just a pie drawn by institutions; Back in the day, TVL was TVL, now TVL is institutional liquidity exchanged for token shares by project teams; Back in the day, airdrops were airdrops, now airdrops are NFTs that give you the right to buy tokens at a discount; Back in the day, checkers were checkers, now checkers are qualification registrations; Back in the day, testnet users were users, now testnet users are just dogs; Back in the day, Vitalik was Vitalik, now Vitalik is just a puppet sidelined by institutions. All these changes are telling you that to survive in this space, you need to break free from path dependency.