The first thing I did after getting home was to carefully read Yishi’s article. Looking back at human history, the carriers of wealth have always been evolving. In the agricultural era, it was land—whoever controlled the farmland was the landlord. In the industrial era, it was capital—equity and bonds became the new symbols of power. And in the information era? It’s the scarcity of consensus. For the first time in thousands of years, humanity has created something more scarce than gold, and there’s no emperor, no central bank, no one who can print even one more unit of it. Truly remarkable. Looking back again, every shift in the carrier of wealth has been accompanied by a reorganization of social classes. The British enclosure movement created a new aristocracy, and after the internet bubble, we saw the rise of today’s tech oligarchs. You don’t even have to look too far—today’s downfall of Wang Shi and the disappearance of Yu Liang are both consequences of class restructuring. The pattern has never changed: those who hold core assets early on reap the time premium from latecomers. Meanwhile, the previous generation’s class faces an endless decline. When Yishi wrote this article, BTC was over $30K; now it’s $70K–$100K. The threshold he mentioned for “ten coins to become a lord” has more than tripled. Now the industry is deep in a bear market. Instead of endless finger-pointing, it’s better to read and write more thoughtful pieces like this—it’s the real way to build for the industry. I’ve always had a bold theory: AI and Crypto are the last asymmetric opportunities of this era. Every other industry is increasingly becoming a zero-sum game. Lastly, I want to say to Yishi: “Ten coins to become a lord” was already three years ago. For the next three years, I’m hoping you’ll write a follow-up: “One coin to become a lord.”