Diving Observation Diary 10.22 The news of a16z's exit from crypto yesterday was considered a small industry earthquake. In a sense, it is also a new turning point in this industry. It is a disadvantage for the traditional industry that combines with the cryptocurrency circle, such as web3. However, for the pure cryptocurrency circle's native narrative field, it may bring the circle back to its original state. Recently, more and more native alphas have emerged: 1. I started working on the LP for @ metrixyz and had a long conversation with @ something. Labs, and I thought I could give it a try. I've noticed that many people have the idea of grooming themselves, but I'm fine myself. My goal is to earn some commission fees, and I think the overall market trend has actually reached a bottom. Global stock markets are collapsing, but after APEC, I believe the overall situation will ease. Before negotiations, we should start a war to explore whether it's a gold war, a technology war, or a military action, all of which are just to gain bargaining chips at the negotiating table. Now that @ metrixyz has opened an invitation, I also invited them. The team background is good, not broad: https://app.metric.xyz/r/connectfarm1 2. Last night's @ Ptahtrade was very fomo, and I played a bit myself. Now the overall timeline is calling for the next ordi, but I still want to pour cold water. Both the ordi and the recent tapeout ecosystem were initially questioned crazily, and it took a long time to get up. The core is that the chips must have been exchanged from early studios and young players to people with the ability to build, Without the "real construction" of @ bitcoin2Themars - buying and leading large customers, activating communities, and bringing in resources - tapeout would not have the current tapeout ecosystem. Therefore, the success of @ Ptahtrade project depends on whether it can meet the Martians. It will definitely not be possible to rely on the low-cost chips obtained by p young players and the studio's verbal construction. In the past two years, the habit developed on the chain has been to take pride in watering and shame in construction To put it a bit heavily, it's best if your trading style is just like this. If it's the same in real life, you will definitely suffer a big loss