I. Subculture: The Middle Ground from Margins to Stage

Expression is a human commonality, and a good MEME can cross cultural boundaries with a knowing smile. When collective self-identity, emotions, and subjective intentions overlap, they form unique values, semantics, and manifestations, such as the Funeral Family of the QQ era, social shaking in the mobile video era, or the Three and Big Gods on the margins of the post-industrial era, thus creating a distinctive subculture. Though I did not grow up in Western culture, I believe every culture has groups that resonate deeply, so the subcultures I mentioned are niche and outdated, not a good MEME expression, but they appeared in an extreme historical form, vivid and refreshing.

Essentially, no circle is truly superior. Hippies in meditation classes aren't necessarily more refined than story magazine readers, and loving reincarnation and Star Wars doesn't make one more aesthetic than Young and Dangerous fans, because the more niche the aesthetic, the less universality. Moreover, our generation has spanned agricultural, industrial, and information revolutions, colliding head-on with AI, where chaos is the norm, and all authorities are dissolved, with every idol falling short. Meme is a silent thunderbolt, the ultimate expression of crowds, a subculture's assault on mainstream culture, so being photoshopped or tokenized is part of deconstruction, and thus, I don't consider myself worthy of being the center of MEME.

Similarly, chasing trending topics on Twitter, or in CZ's or my replies, is not the optimal path to discovering or creating MEME. MEME lives in your heart.

II. Who Can Surpass Doge?

There's only one Doge. In the first Bitcoin bull market of 2013, among countless Bitcoin clone projects, they both mocked Bitcoin and self-mockingly satirized themselves, playful yet passionate. Developers abandoned the project, but the community had its own vitality, autonomously adding a crucial stroke to crypto culture's development history. Jiang En in the Chinese crypto circle spread Dogecoin worldwide, pioneering a unique crypto track: "Evangelize the industry, reward first". Back then, BBS comments read: "You seem nice, here's 10,000 dogecoins", leaving recipients bewildered, unable to calculate the value without a calculator. In the crypto industry's development, each community has its "Jiang En", and later, Elon's fondness for Doge brought subculture into the mainstream. Now, Doge is more than just a dog.

MEME is an attention economy, but not merely attention. If it's like Twitter's daily trending, everything is destined to be fleeting. Great MEME isn't from celebrities' witty remarks - that's insufficient. It's an homage to those in power (whether politicians or entrepreneurs), and that's not cool enough.

On the other hand, those opposing for the sake of opposition often have extreme right written on the back of their extreme left heads. Those shouting decentralization are often extremely centralized. Maintain critical thinking, distinguish truth from falsehood.

Imagine someone in your group telling you to buy a day's trending topic - naturally, the topic will cool down tomorrow. If these attentions can become a product, a belief, a religion, then perhaps the next Doge might emerge. Who says it's impossible? Everything is possible.

III. Is Long-Termism Outdated?

I don't trade, but hold long-term, following value investment logic. Similarly, in business, I embrace long-termism, building a clock or a garden.

Binance is just infrastructure, setting a stage where project teams and investors might mutually win or lose. This depends on capability, willpower, and judgment. Top entrepreneurs are rare, and long-termism requires DYOR and knowing when to stop. It's not that long-termism is outdated - might you have chosen the wrong long-term object?

When blockchain winds blow, investors pour money into projects, with entrepreneurs claiming their projects are worth $100M, $1B, or even $100B. Everything can be tokenized. Price and value may diverge, but across cycles, they'll converge long-term.

The 2017 market was smaller than now, and the 2021 DeFi summer's funding scale is smaller than today. We see more excellent entrepreneurs entering Web3, with industry scale growing but confidence declining. Many users ask why project valuations can't return to ICO levels. We can never return to the past, but we're trying - trying user-driven token listings, Web3 wallet IDOs, allowing projects low-threshold, low-market-cap launches with real user profits, which is better than buying fake data.

Whether MEME, AI, games, DeFi, social or RWA, may we have beer in our cups after each bubble bursts. Fortunately, history repeats, and successors will realize predecessors' claims about technology changing the world.

I hear many serious projects want to give up. Hey! Friend, new trends always emerge, but the world moves by a few. Instead of chasing trends, become the trend.

IV. Investment Advice Friends Always Ask

All my assets are crypto, and my long-hold style doesn't suit most people, but here's one reference: earn certain money.

1. Earn cyclical money, roughly judging economic cycles and bull/bear markets. Selling in bull markets, buying in bear markets is basic

2. Any asset category follows the head principle

3. Recommend at least 20% crypto. Land was agricultural civilization's asset, minerals were industrial era's hard currency, information era's top assets are top internet company stocks and top crypto with suction effect

4. Some friends say fundamentally strong coins lack volatility. If not leveraging or trading high-risk tokens, recommend not exceeding 10% of disposable assets

5. Most principles everyone understands, requiring no extra words, but implementation is hard, like losing weight

Wish everyone knows and achieves.