In online discussions, many readers have left comments asking about recent hot topics such as RWA, stablecoins, and stock tokenization trading.
These topics have been heavily hyped in the outside world recently. I can almost see someone in my social circle posting big news related to these topics every day.
As a participant in these hot topics, what I want to share is:
I won't be too obsessed with empty talks about grand narratives; instead, I will pay special attention to whether it is related to my own interests, how it is related to my own interests, and what I can do to make it relevant to my own interests.
What does this mean?
For anything, especially grand narratives, at my current stage (having passed the romantic student era, stepping into society, seeking stability), if I find it hard to think of how it can relate to my own interests, I will quickly discard it and not waste too much time on it.
For example:
Take RWA, stablecoins, and stock tokenization, which many readers have mentioned. The biggest grand narrative surrounding these three topics is moving off-chain assets onto the chain, creating a 24/7 uninterrupted trading market, thereby establishing a global, continuous, and non-stop market.
This vision is indeed grand, but what does it have to do with me?
I do not engage in frequent trading, so continuous trading is not a point of interest for me.
For the offline assets and stocks I am currently interested in buying, I can legally acquire them, so trading these assets on-chain is also not a point of interest for me.
There are also other divergent thoughts asking whether a 24/7 uninterrupted trading market could lead to new exchanges, new application scenarios, and new business models?
Then I would continue to ask: Are these new exchanges, new scenarios, and new models something I can invest in? Or can I participate in starting a business?
Upon careful consideration, I find that I can see:
Coinbase is currently promoting its wallet, which integrates stablecoin payments and utilizes AI agents to complete various manual tasks;
Circle is a stablecoin issuer and is currently the largest compliant stablecoin issuer;
Robinhood is preparing to venture into stock token trading.
What impact might these businesses have on their future revenue and net profit, and how do their current valuations compare? Is it appropriate to buy at this stage?
In addition, I am also interested in tokenizing private equity for trading on-chain, but this currently seems to require regulatory approval, and its future is uncertain.
One thing is more certain: if most of these scenarios occur within the Ethereum ecosystem, it will drive the price of Ethereum.
This example illustrates that I will pull myself out of the "grand" narrative and focus specifically on interests relevant to my current stage, thinking more from these interest perspectives to find opportunities.
Otherwise, discussing these grand narratives in a vague manner is purely bragging, chatting, and watching the excitement.
The same reasoning applies to other readers who have asked about the recent news of Shanghai starting discussions on stablecoins.
For this type of news, many media articles often talk extensively about how it relates to national rejuvenation, how it concerns the fate of the country, and how it affects Sino-U.S. competition, and then they conclude the articles.
What I am more concerned about is whether it will connect to my points of interest: Will this discussion lead to the free exchange of stablecoins and fiat currency?
If it does not lead to this outcome, then I will not waste too much time on such topics, nor will I spend time on such articles.
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