The grand and lively SpaceX new listing has come to an end. After reading around Twitter, it seems that everyone is busy and doesn't make much money. At most, everyone has a pig's foot meal. In fact, although many friends, including myself, hate the current cryptocurrency circle. It's no wonder that a bunch of stupid VC market makers have played with it themselves, and exchanges have also transformed into the US stock market. However, through SpaceX's new listing, it also confirms that the "loose chip" model in the cryptocurrency circle or at least the cryptocurrency circle will not disappear. Indeed, SpaceX's innovation is at the level of human civilization. It does not require airdrops to create consensus among users, discounted public fundraising to raise funds from the market, or the use of Binance Alpha or OKX Boost for retail investors to make a living. It is also impossible to charge fees for listing on exchanges. All of these are reasonable, but it still feels like something is missing. What stories did Ethereum, Uniswap, ENS, Arbrium, Aptos, and others tell before the cryptocurrency circle was filled with scammers? If in another world, Tencent and Tesla could share stock stories with QQ users and early car owners. Looking back on the past, what was the reason why I first entered the cryptocurrency industry? It's not because Bitcoin has increased several times, nor because Dogecoin has been ordered by Musk. I was not moved when I heard these things. What really touched me was hearing someone say at a dinner party that a friend of theirs received an airdrop worth 120000 RMB for helping ENS translate documents. Although the cryptocurrency industry has become a big cesspool, I sincerely hope that it can get better. After all, I have spent the most energetic years of my life here. Now that the cryptocurrency market is in decline, exchanges are flocking to switch to the US stock market. Indeed, for exchanges, no matter what trades, as long as someone trades, they can make money. The cryptocurrency market has lifted you high, and now you are running away with oil on your feet, pretending to be self-sufficient. But I want to ask, if you open a cryptocurrency exchange in the cryptocurrency market, you can ask the project party for a deposit fee, have the project party airdrop to users, or give benefits to individual investors. But if you go to the US stock market, other listed companies will not take a look at you. In recent years, there have been too many junk assets in the cryptocurrency industry, with bad coins driving out good ones. The tokens originally used to reward early users have become a rat's nest for project parties, tribute fees for exchanges, and ultimately formed a streamlined coin issuing factory. But this early co construction, mid-term public fundraising, and final airdrop of the Rain and Dew evenly distributed chip model will still come back.