# Anarchy Articoli collegati

Lorenzo Founder: Is the Crypto-Native Economy Dead? The Triple Dilemma of Crypto Civilization

Lorenzo founder Matt Ye argues that the crypto industry's core issues—such as declining asset quality, innovation stagnation, rampant scams, and institutional hesitation—are not cyclical but stem from a deeper civilizational crisis. He identifies three evolutionary stages of crypto’s "civilization": 1. **DeFi’s Anarchic Black Market**: A lawless environment where rug pulls and exit scams are rational, optimal strategies due to the absence of rules and accountability. 2. **CEX Feudalism**: Centralized exchanges impose order and reduce trust costs but create a “planned economy” that stifles innovation and prioritizes narratives aligned with exchange interests. 3. **Wall Street Colonization**: Traditional finance enters not to build but to exploit—imposing its own rules, extracting value, and offering no genuine support for crypto-native innovation. Ye concludes that the industry’s failures—poor native assets, lack of breakthrough innovation, distrust from serious institutions, and high骗子 density—are symptoms of a missing institutional foundation. Without accountable systems, either predation or idealism fills the void. The critical question remains: what is the next civilizational form for crypto?

marsbit03/31 04:22