Source: Dao Blockchain

Recently saw a post online, it was a participant's feeling about the process of participating in bitcoin fractal network.

I have previously shared my views on fractal networks in an earlier article: overall, the view is quite neutral, so I did not participate. Therefore, I originally had no feelings towards this project. But after reading this article, I can strongly feel a sense of loss and helplessness.

In this post, the author not only described the development of the fractal network in recent months, but also detailed the fluctuations of the four coins: SATS, PIZZA, FB, and CAT20.

From the emotions of the post, it can be seen that the author's strong concern is not about the development of the fractal network itself, but rather the impact of the price fluctuations of these four coins on themselves and the community.

The reasons for the price situation of these coins, in my opinion, are both external and internal.

External reasons are inseparable from the overall depressive environment.

In the recent round of adjustments, even bitcoin dropped from a high of nearly $75,000 to less than $60,000. In this situation, it is difficult for me to imagine any coin (except for purely emotion-driven MEME coins) that can chart its own course.

Especially these coins mentioned above are all coins in the bitcoin ecosystem, and they will be more affected by the bitcoin market - "If the nest is overturned, how can there be unbroken eggs"?

In my opinion, internal reasons are more crucial.

I have shared my views on this in previous articles and online discussions before:

Without further application innovation in the bitcoin ecosystem, if we only want to support the large number of Ethereum imitating applications at present, the existing bitcoin scaling facilities are already sufficient.

By avoiding the application innovation of the main contradictions, repeatedly inventing so-called "new" protocols, "new" terms, "new" assets on the basic infrastructure, and these so-called "new" protocols are essentially not much better than existing protocols.

These things are not innovative at all, they are simply "reinventing the wheel". It has become meaningless. In my view, such work is all in vain, wasting manpower, energy, financial resources, and also dampening the community's enthusiasm.

Such futile efforts are not only useless but also harmful.

In the end, when many users realize that they have wasted precious bitcoin and that the tokens obtained are ultimately just a pile of "chicken ribs," it will only drive more users away from this ecosystem.

This kind of development also has another consequence, which intensifies the speculative sentiment among users in the community.

In the comments of this post, there are users asking questions like 'Will it be listed?' and 'Is there any market manipulation?'. It can be seen that some users have pinned their last hope on the project team.

Once we place our investment hopes on whether the project team will manipulate the market or take action, it is almost certain that we are treating ourselves as 'cannon fodder', and the project team as 'butchers'.

In this situation, even if the project team does indeed get listed or manipulate the market, are they really helping the investors? It might be a much more complex situation.

At least up to now, unless I come across a project that I especially like or find particularly unique, I am already completely tired of this so-called 'innovation' that can be seen through at a glance.

I suggest that our readers should still pay more attention to holding bitcoin and ethereum, not projects that must be bought, or ones that are extremely appealing, but to proceed with caution.