The Second Half of the Coin Circle: Everything on the Chain and Socialism (Part 1) It's been a long time since I last wrote a long article. On the night when I decided to start my own business, I opened my entrepreneurial path with a long article, hoping that when I look back at today in the future, everything in this article has already been achieved. What is the significance of Bitcoin to humanity? Some people say it is digital gold, while others say it represents the power of consensus. In my opinion, the greatest significance of Bitcoin to humanity is that it laid the foundation for cross-cultural global financial cooperation, which is the underlying technology of blockchain technology. This means that in the absence of a unified human civilization, the only underlying technology for regional financial assets to achieve global circulation is blockchain technology. This is actually the result of national competition. From the perspective of each country, keeping ownership of high-quality assets in their own country is the best state. However, for a high-quality asset, its natural best attribute is to allow more capital to intervene, thereby increasing overall liquidity or accelerating the discovery or collapse of value. Currently, the lack of interconnectivity among various markets such as the US stock market, A-share market, and Japanese stock market actually creates regional differences, which in a sense distort prices. Of course, this stalemate is being broken by the cryptocurrency industry, and the first step towards listing on the US stock market has been taken. Many people cannot understand the significance of listing on the US stock market, and even think it is useless. However, in my opinion, a series of events such as listing on the US stock market have actually proved that the cryptocurrency industry is an efficient market. Indeed, in the past and present, 99% of our circle was made up of junk assets, even trading emotions. However, such a market that is essentially trading emotions is actually an effective market, as even emotions can be priced. Therefore, things with underlying value will receive more fair value judgments in the world of blockchain. At the same time, there are actually some non-standard assets between air and some standard assets, such as equity, industrial bonds, and even people themselves. The liquidity that cannot be obtained from these assets can actually be solved by issuing assets on the chain. So why is RWA currently the strongest track? Because compared to the various air narratives created by the cryptocurrency industry itself, the volume of non cryptocurrency native assets is probably tens of thousands of times larger. So more and more platforms are doing things to bring non cryptocurrency assets into the cryptocurrency circle. People may think that they are using traditional assets to cut the leeks of the cryptocurrency circle, but as entrepreneurs, the reason for doing these things at this moment is actually just to win the market. In the future, we can see that many traditional assets will be issued on the chain, and platforms that make advance payments in the cryptocurrency circle will actually be stuck in one position. This is also the reason why I started my own business. By getting in touch with high-quality assets in advance, I can legally and compliantly become a driving force for the issuance of such assets when the policy green light is turned on in the future. For players in the cryptocurrency industry, there will be more and more things to play in the future, but the requirements for professionalism will become higher. Now it's about playing with emotions and narratives, while in the future, many opportunities for certainty may come from financial statements and understanding of non cryptocurrency tracks.