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Bitcoin has been around for fifteen years. From the perspective of blockchain development, it was once regarded as the Fourth Industrial Revolution. Early narratives, passionate enthusiasm, and fundamentalist spirit attracted countless tech geeks and crypto believers worldwide, who showcased their talents through extensive exploration and innovation.
The birth of ETH greatly promoted the development of blockchain. However, today, before the emergence and popularity of Bitcoin's native L2 solutions, the current crypto scene is stagnant—technology is at a standstill, narratives are exhausted, market sentiment is cold, junk projects are everywhere, security incidents such as hacker thefts and platform scams occur frequently, and celebrities and elites are issuing tokens to manipulate the market, cheat, and deceive. Retail investors are deeply disgusted by these practices.
The dreams and ambitions that once fueled entry into the space have long been eroded, and the spirit of blockchain has been worn thin. Truly committed to technological exploration is now a rare sight.
In early April, a tariff war swept through the crypto world! Bitcoin, originally a safe-haven asset, also plummeted along with the stock market. Satoshi Nakamoto's original intention was to reshape traditional finance, yet it is still entangled with traditional financial systems and influenced by the words and actions of certain individuals.
Is blockchain a failure? Or has it not yet truly exerted its power? So, what is the way forward?
Web3 era's iPhone moment
—— Could it be Pi Network?