Artículos Relacionados con Value

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Blockchain Partner: Crypto Assets Are Undergoing a Great Value Reassessment

The cryptocurrency industry is experiencing a paradox: while achieving unprecedented success in adoption and infrastructure, market sentiment remains deeply pessimistic due to a significant decoupling between utility and token prices. Key successes include record stablecoin transaction volumes ($33 trillion in 2025), widespread adoption of crypto-native applications like Polymarket and Phantom, and major traditional financial institutions implementing blockchain strategies. However, token prices have stagnated or declined, revealing a structural shift in value capture: economic value is increasingly accumulating at the application and distribution layers (e.g., wallets, exchanges, and companies like Coinbase and Tether) rather than at the infrastructure layer (L1s, L2s, protocols). This revaluation challenges long-held investment theses that assumed token holders would benefit directly from protocol-scale adoption. The article argues that controlling user relationships and distribution channels now dominates value capture, commoditizing underlying infrastructure. While tokens may evolve to better align with application-layer economics, the current market demands clearer, direct links between usage, revenue, and token value.

比推Ayer 16:10

Blockchain Partner: Crypto Assets Are Undergoing a Great Value Reassessment

比推Ayer 16:10

Stop Saying ‘We Need Privacy’

Title: Stop Saying ‘We Need Privacy’ The article argues that "privacy" is not a single concept but rather five distinct problems in the context of blockchain and cryptocurrency. When people demand privacy, they are often referring to one of the following: 1. **Intent Privacy:** Hiding transaction details from observers before execution to prevent front-running by MEV bots. Solutions include private transaction delivery (e.g., Flashbots Protect) and encrypted mempools (e.g., Shutter Network). 2. **Value Privacy:** Concealing the amounts transferred. This is achieved through shielded systems (e.g., Zcash, Penumbra) that use cryptographic proofs to verify transactions without revealing values. Privacy can still be compromised by user behavior patterns. 3. **Graph Privacy:** Protecting the relationships and patterns of who transacts with whom. Techniques include pooled unlinkability (e.g., Tornado Cash mixers) and stealth addresses (e.g., ERC-5564) to break direct on-chain links between transactions. 4. **State Privacy:** Keeping DeFi positions, balances, and liquidation thresholds hidden. This requires storing state as private records and using zero-knowledge proofs (ZK-proofs) to validate state changes without revealing underlying data (e.g., Aztec). Composability and edge interactions remain challenges. 5. **Execution Privacy:** Hiding the computation logic itself, crucial for strategies like auctions or liquidations. Methods include using Trusted Execution Environments (TEEs) (e.g., Secret Network) or ZK-proofs for private execution. The article concludes that privacy often fails at the edges, such as at the RPC (Remote Procedure Call) layer, where providers can collect IP addresses and wallet information. The key is to ask which surface is being protected and where information might leak when users interact with the real world, rather than seeking a single winning privacy model.

比推02/13 00:39

Stop Saying ‘We Need Privacy’

比推02/13 00:39

Bitcoin’s ‘True Value’ Is $0, Says Under Fire Financial Times Columnist, Claims Altcoins Destroy Its Scarcity

A Financial Times columnist, Jemima Kelly, has sparked controversy by claiming Bitcoin's "true value is zero," arguing it lacks intrinsic worth and that its scarcity is undermined by the unlimited supply of alternative cryptocurrencies. She contends Bitcoin's value relies solely on belief and is propped up by influential holders promoting new narratives, such as AI adoption, to sustain interest. Her comments, made during a CNBC appearance, drew significant backlash from Bitcoin advocates who argue its market price, global utility, and sustained demand demonstrate clear value. Despite the criticism, institutional exposure to crypto continues growing, with Goldman Sachs reporting over $2 billion in spot Bitcoin and Ethereum ETF holdings and expanding into XRP and Solana ETFs. Meanwhile, Russian banks are beginning to offer crypto-collateralized loans, signaling further institutional integration.

ccn.com02/12 08:16

Bitcoin’s ‘True Value’ Is $0, Says Under Fire Financial Times Columnist, Claims Altcoins Destroy Its Scarcity

ccn.com02/12 08:16

Bitcoin Price To $0? Here’s Why The Zero Dollar Bitcoin Narrative Is Growing — And Why It May Teach Us Something

Bitcoin's price decline of over 20% has reignited the "Bitcoin to $0" narrative, with critics arguing it lacks intrinsic value. Prominent figures like talk show host Buck Sexton and strategist Richard Farr claim Bitcoin’s value is purely speculative, dependent on buyer confidence rather than utility. Market sentiment has turned decisively bearish, with the Crypto Fear & Greed Index hitting "Extreme Fear." Critics point to failed bullish predictions, miner financial struggles, and high energy costs as structural weaknesses. However, long-term bulls like ARK Invest maintain Bitcoin could reach $1 million by 2030, citing institutional adoption and macroeconomic tailwinds. A collapse to zero is deemed unlikely due to entrenched institutional holdings and custodial infrastructure.

ccn.com02/08 10:14

Bitcoin Price To $0? Here’s Why The Zero Dollar Bitcoin Narrative Is Growing — And Why It May Teach Us Something

ccn.com02/08 10:14

Ethereum rethinks L2 role as activity rises but value secured declines

Ethereum is reassessing the role of layer-2 networks as rollup activity increases while the value secured on them declines. According to L2Beat, total value locked in rollups has fallen 13.2% year-on-year to $40.3 billion, despite transaction throughput rising sharply to around 3,470 user operations per second. Vitalik Buterin recently argued that the original "rollup-centric roadmap" is evolving due to Ethereum's own L1 scaling progress and slower-than-expected decentralization of many L2s. With base-layer gas fees remaining low and upcoming gas-limit increases, Ethereum no longer depends on L2s for block-space capacity as before. Buterin noted that some L2s may not achieve full decentralization, making it impractical to treat them as uniform extensions of Ethereum. The data suggests L2s are increasingly used for execution and low-cost transactions rather than storing large amounts of capital, indicating a shift toward a more diverse ecosystem of specialized networks.

ambcrypto02/03 17:47

Ethereum rethinks L2 role as activity rises but value secured declines

ambcrypto02/03 17:47

In-Depth Analysis of Web∣♦️Kvoucher ⟩: Not to Disrupt the Market, But to 'Falsify' the Present

A new project, Web∣♦️Kvoucher ⟩, challenges conventional crypto narratives by focusing on verification and real-value distribution rather than disruption or speculative tokenomics. It deliberately avoids common features like governance rights, ecosystem utility, and speculative promises. Instead, it retains only one core financial right: a claim to distributed revenue—not profit—ensuring transparency and real-time disclosure of earnings. The project positions its rigid, unchangeable rules as a strength, building trust through self-imposed constraints rather than flexibility. It appeals to those seeking long-term certainty over hype. Compliance is treated as a foundational feature, not an afterthought, with regulatory frameworks like Reg D/S integrated from the start to ensure clarity and reduce regulatory risk. Ultimately, Web∣♦️Kvoucher ⟩ serves as a critique of the crypto industry’s tendency toward valuation based on narrative rather than utility. It proposes a more transparent, accountable, and sustainable model for blockchain-based value distribution—aiming to prove that trust and verification can become core assets in a speculative market.

marsbit01/28 11:10

In-Depth Analysis of Web∣♦️Kvoucher ⟩: Not to Disrupt the Market, But to 'Falsify' the Present

marsbit01/28 11:10

Four Pillars Reshaping the Crypto Future: Survival Rules in the Post-Speculation Era

The article "Four Pillars Reshaping Crypto's Future: Survival Rules in the Post-Speculation Era" argues that the current market shift towards value is not a bearish end but a necessary transition towards next-generation financial infrastructure. It identifies four key trends: 1. **Blockchain-Native Finance**: Moving beyond Real-World Assets (RWA) as mere tools, blockchain is重构ing credit efficiency through trustless systems, reducing costs and friction. 2. **Token Value Reset**: Tokens are shifting from speculative, narrative-driven assets to ones requiring real revenue, cash flow, and sustainable value capture. 3. **Privacy as Core Infrastructure**: Privacy is evolving from a niche feature to a essential requirement for institutional adoption and on-chain finance, enabling confidential transactions and becoming a key competitive moat. 4. **AI and Blockchain Integration**: The fusion is maturing beyond superficial concepts; AI acts as a smart layer for protocols (e.g., dynamic DeFi risk management), while blockchain provides a trustless economic base for AI agent interactions and machine-native finance. The conclusion emphasizes that 2026 marks a pivot towards practicality—where real-world utility, profitability, and regulatory clarity define success, ending the era of pure speculation. The industry is transitioning from a "gold rush" to sustainable "city building."

marsbit01/27 08:37

Four Pillars Reshaping the Crypto Future: Survival Rules in the Post-Speculation Era

marsbit01/27 08:37

X Content Order Reshuffle: Three New Rules Redefining Value Stratification

X platform has initiated a major restructuring of its content ecosystem, introducing three core changes to redefine value distribution and content hierarchy. First, a dedicated "Meme" category has been introduced, separating entertainment-focused content from informational assets. This reflects a broader content stratification strategy. Second, the platform has overhauled its creator monetization model. Product lead Nikita Bier confirmed that creator revenue is now solely based on views from the home timeline, excluding replies from earnings calculations. This move effectively devalues low-effort, high-frequency interactions (a practice known as "zuilou" or engagement farming), as the platform now views excessive interactions as inefficient and self-limiting for account reach. Third, X is advancing its "Smart Cashtags" feature, currently in testing and expected to launch next month. This tool allows users to tag tokens or smart contracts in posts, enabling others to view real-time prices and related discussions. It signals X's intent to build infrastructure for "content x finance," structuring asset-related narratives and market sentiment into consumable nodes, with data sourced from both centralized exchanges and on-chain APIs. Concurrently, X has open-sourced its recommendation algorithm, which relies on a Transformer architecture. While making the system more transparent, exposure is now increasingly determined by two key metrics: content "understandability" (clear structure, easy classification) and "consumability" (quick absorption by users), rather than pure engagement volume. In conclusion, these shifts collectively represent a recalibration of content value on X. The platform is moving away from incentivizing mere activity and towards promoting structured, high-quality, and easily distributable information, fundamentally reshaping its content ecosystem and creator economy.

Odaily星球日报01/23 09:59

X Content Order Reshuffle: Three New Rules Redefining Value Stratification

Odaily星球日报01/23 09:59

Why Do Memes Only Cut You? An Article That Explains Their True Growth Mechanism

The article "Why Do Meme Coins Only 'Cut' You? Clarifying Their True Growth Mechanism" offers a fresh, analytical perspective on meme coin dynamics, framing their growth not as irrational speculation but as a mathematically explainable phenomenon. The core argument is that a meme coin’s market capitalization isn't just driven by price increases (Z-axis), but is fundamentally supported and "propped up" by two underlying factors: narrative density (X-axis) and the network of传播 nodes (Y-axis). Together, these form the base radius of a "Wealth Cone." A meme with only height (price) but no base (narrative and community) is like a thin needle—easily toppled. A strong, expanding base is necessary to support sustainable, exponential growth. The proposed XYZ three-dimensional growth spiral model explains the interaction: * **X-axis (Narrative Density):** The meme's core idea, cultural resonance, originality, and the richness of community-created content. * **Y-axis (Propagation Network):** The transmission pipelines, from major influencers (e.g., Elon Musk) to KOLs and finally to retail investors. * **Z-axis (Capital Flow):** The monetization of attention, measured by market cap, trading volume, and crucially, liquidity depth. The lifecycle of a successful meme is a reflexive, spiral ascent through stages: **Ignition** (a Y-axis spike from a KOL callout lifts the Z-axis), **Spin** (price growth attracts more discussion, enriching the narrative), and **Ascension** (an expanded narrative base allows for a new, higher level of market cap). Failed memes (rug pulls) occur when a price pump (Z) isn't supported by narrative development (X), causing a collapse. The article concludes that understanding this geometric interplay of narrative, community, and capital is key to evaluating meme coins.

比推01/21 07:39

Why Do Memes Only Cut You? An Article That Explains Their True Growth Mechanism

比推01/21 07:39

Stop Grinding Mindlessly, the Best Airdrops Are Often 'Unexpected Encounters'

The article argues that the most valuable crypto airdrops are often "unexpected" and not the result of grinding tedious, predefined tasks. Instead, the best strategy is to build a genuine on-chain footprint by actively using protocols you believe in. Past examples like TIA, DYM, and Monad rewarded active users on various chains and in top protocols, not just those who farmed points. Publicized criteria for points programs are often exploited by Sybil attackers, diluting rewards and leading to burnout and disappointment when expectations aren't met. In contrast, retroactive airdrops with hidden criteria have less competition, as incentive-chasers avoid uncertain rewards. The core logic is that projects value real, high-value on-chain activity over low-value, repetitive Sybil behavior. By focusing on authentic engagement rather than farming, users can build a strong on-chain reputation, avoid being filtered out as a Sybil, and be pleasantly surprised by future airdrops.

marsbit01/20 04:11

Stop Grinding Mindlessly, the Best Airdrops Are Often 'Unexpected Encounters'

marsbit01/20 04:11

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