Have you ever wondered, in the internet age, what exactly money follows?



The answer from traditional finance is straightforward: it follows licenses, credit ratings, and top institutions in office buildings. The story of Wall Street over the past century is essentially a group of top-tier institutions (Goldman Sachs, Morgan Stanley, etc.) accumulating vast historical experience to become "trust super magnets"—money automatically flows to these places. Want to enter this circle? First pay the sky-high "trust entry fee": spend money to get licenses, climb credit ratings, and cozy up to big players. Trust is monopolized, becoming a scarce commodity, only sold to VIPs. Innovative ideas? Unfortunately, you first have to pay the "protection fee" to vested interests before you can speak.

Blockchain originally aimed to revolutionize this: replace trust fortresses with code, rewrite game rules with transparent mechanisms. Sounds explosive.

But reality slapped us in the face. Over these years of DeFi experimentation, a harsh fact stands before us: tearing down old houses is easy, building new lighthouses is too hard. So what’s the result? Money still runs wild—chasing after some unknown "local dog" narrative, rushing on a single KOL’s call, blindly following gossip spread through ten hands. What kind of financial revolution is this? Clearly, it’s just gambling on a different field.

Only recently, while researching some new projects, did I see a different approach. Some projects are not building new "trust barriers," but are trying to create a whole new "gravity field"—through mechanism design, transparent operation, and user participation, allowing trust to form naturally rather than being imposed from the top down. This is truly an interesting direction.
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BasementAlchemistvip
· 2h ago
Well said. DeFi is just the same old wine in a new bottle; it's still the players who have changed.
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SorryRugPulledvip
· 2h ago
To be honest, this "mechanism design generates trust" argument sounds good, but I've been rug pulled too many times. Now, whenever I look at a new project, I have to ask—Is the code open source? Is the core team real-name verified? Don't tell me it's the same group of people just using different aliases again.
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TopEscapeArtistvip
· 2h ago
Isn't this just about where the money is flowing? I think in the end, it still follows the sentiment indicators. The transparent mechanism of DeFi sounds good, but in reality, a single long downward candlestick can destroy all trust. My years of blood, sweat, and tears have taught me this. What gravitational field, isn't it just a different way of saying "continue to harvest the leek"? Trust me, retail investors addicted to bottom-fishing at high levels are always the ones being sucked in.
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ResearchChadButBrokevip
· 2h ago
In plain terms, DeFi over the past few years has been the same old story, just replacing the "trust tax" from Wall Street with the "cutting leeks tax" from KOLs. Essentially, it's still money flowing to the top.
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NFTArtisanHQvip
· 2h ago
nah tbh the "gravity field" framing is just trust theater 2.0... we're still operating within the same extractive paradigm, just with better tokenomics optics
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LuckyBlindCatvip
· 2h ago
Basically, the crypto world is just Wall Street with a different shell, only now it's about calling signals and meme coins.
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