Reflections on Bear Markets - A Calibrated Balance of Society and Technology

Excerpted from : Brother Bing's Guide to Surviving the Crypto Bear Market

Brother Bing was going to write a bear market survival guide when ether fell to triple digits, but it wrote that ether was at $2,000, although still below its previous highs.

Here's Brother Bing's guide to surviving a bear market:

1. Information "Diet"

The encryption industry is an industry with rapidly changing information, and people obtain efficient rewards through the exchange of information. Nonetheless, it is still possible for the messages to be disguised as gossip or self-promotion. When we are overwhelmed with information, it becomes difficult for us to distinguish between true and false speech, so we need a "diet" plan for information. The plan includes the following:

1. Leave any chat rooms you haven't been in for six months. (including Twitter, Discord...)
2. Unsubscribe from news that has not been opened for six months.
3. Use Twitter in moderation and don't have to know everything.
4. Learn about the content of the proto-danksharding proposal.

2. Appreciate the construction of Web2

Most crypto gamers like to think we're reshaping the world, maybe so, but most of the time we're just optimizing the web2 experience. Rather than bashing web2 builds, learn about its pros and cons and ask yourself some questions:

1. Where are the real pain points when we make foreign remittances?
2. Can the current banks give us the best returns? If not, where can it be?
3. How do we manage our "loyalty points"?
4. Will my fitness app really meet my needs?

These questions all lead to the most important question: Do we really need blockchain to solve these problems?

Sadly, most of the answers are no.

3. DYOR and questioning everything

Repeated bull markets will produce a new batch of thought leaders and KOLs. As the market gradually cools down, we might as well calm down and exercise our judgment and thinking skills: Are these people reasonable? How do I view this matter?

4. The only “unforkable” thing is your community

As the saying goes, "In adversity sees the truth". Only by ensuring that you and your friends and partners can travel through bulls and bears and help each other in the same boat can the community be consolidated and members can learn and grow together.

A Caution - Alignment of Society and Technology

Although the currency circle has gradually recovered recently, the market is still not as hot as last year.

Recently, it can be found that the role of the state in the blockchain world has become more and more distinct. For example, the Tornado coin mixer, which has been making a lot of noise recently, was sanctioned by the US Treasury Department , the US stock exchange reviewed the coinbase , and even the United Nations Trade and Development The meeting drew up a policy related to cryptocurrencies …

To a certain extent, with the role of the state, people are constantly thinking about where is the "decentralization" or "centerless" of the blockchain? In other words, under the bear market, technological development and social change are recalibrating.

Let's rethink a few questions raised in Brother Bing's Bear Market Survival Guide: Do we really need blockchain? Or, are we really just optimizing the web2 infrastructure? Is blockchain really a "revolution"?

If we start from the social level, we can ask several questions: Is our society really ready for a "decentralized" society? If people are not prepared in education, will we only get a decentralised society of blind obedience?

Since the Industrial Revolution, human society has been greatly affected by technological innovation, and with it, great changes in society. Technology, capitalism and democracy are intertwined with each other; the birth of a new class has also become a new social problem; the rapid development of communication technology has brought about a globalized society...

So, what about blockchain technology? We are now witnessing a period in which technology and society are closely intertwined with frequent dynamism. The running-in period is bound to be hard and exciting. Therefore, in addition to learning and looking at blockchain technology, the bear market must also feel the pulse of society and the world!

For human beings, time is no longer immutable and dissolved in life. We seem to be able to see the high-speed process of time, to see what is being eliminated, and what is becoming a new model. Rather than saying that we are currently in a bear market, we are going through a period of social and technological calibration, where key issues frequently arise and challenge established social institutions.

So, how can our democratic society be more democratic?

Relentless Business PART1:

In the construction of the Bar Learning Community, welcome to create a friendly and decentralized learning community together! Join us to supervise each other and learn from each other!

Tonight at 9:30, we will read the book "Gender Knots - Demolition of Patriarchal Illegal Buildings" . Those who haven't read the book are fine. Interested friends, welcome to join our DC group to discuss!

Ruthless business PART2:

New DemiHuman project: DemiHolim casting!