DAO卷土重来，以太坊上的AI代理及其他动态 - The Daily Gwei 补给站 #855 - 以太坊更新

我认为这里根本不需要强行推动，因为它本身就运作得非常好，无缝衔接。

I don't think there's any there's any need to force it here because it just works and it just it just it just works, it works seamlessly.

所以我非常高兴看到它正式上线。

So I'm really happy to see this go live.

不仅仅是这个上线，8004社区还将有大量其他活动发生。

There's not just this going live, there's also gonna be a bunch of other stuff happening in the 8004 community.

我相信他们正在举办一系列黑客松，并在做很多其他事情。

They're running a bunch of hackathons, I believe, and they're doing a bunch of stuff there.

但你可以在网站上了解所有这些信息。

But you can learn all about this on on on the website here.

但总的来说，正如我之前所说，我认为AI和加密货币之间有着天然的契合，但我们必须建立这些标准。

But, yeah, as as the broader point, as I was saying, like, I just think that there's such a natural kind of marriage here between AI and crypto, but we have to build these standards.

我们必须构建这些框架，才能让这一切真正腾飞。

We have to build these frameworks in order for it to take off.

是的，已经有一些关于AI的实践在发生，尤其是在Base上。

And yes, there's already been some stuff happening, with AI, especially on base.

那里正在发生很多事，但传统上，很多都只是这些AI项目推出代币，然后大家对代币进行投机。

There's a lot of stuff happening there, but traditionally a lot of it has been, you know, just just these kind of AI projects launching tokens and then everyone speculates on the token.

而这个将会远不止如此。

Whereas this would be a lot more than that.

对吧？

Right?

这实际上是在建立自主代理来执行自主的金融操作，然后它们甚至可以自己完成一些事情。

This would actually be setting up autonomous agents to do autonomous financial things, and then, you know, they can even do things on their own.

过去已经有过这方面的实验，但我希望看到的是，这些代理完全不与人类互动。

And there's been experiments of of this in the past, but but what I would like to see is these agents have literally no human interaction at all.

它们只是被释放到环境中。

They just get let out into the wild.

它们在链上是不可变的。

They're immutable on chain.

区块链的另一个优势就是它们可以是不可变的，然后它们就去自行运作。

That's another benefit of of blockchains is that they can be immutable, and then, they just go and do their thing.

想象一下设置一个代理，说好，这个代理一开始有100美元，我想编程这个代理，并从一开始就告诉它：你的目标是把这100美元变成尽可能多的钱。

Imagine setting up an agent and saying, okay, well, this agent's gonna start with like a $100 and I want, and and program the agent and and tell the agent from the start, say, goal in life or your goal as an AI kinda agent is to turn this $100 into as much money as you can.

我很想看看它会做什么。

And I'd love to see what it does.

也许它会亏光所有钱，然后因为没钱支付燃料费而停止运行。

And maybe it goes broke and then it bricks itself because it doesn't have enough money for gas.

但那时人类可以介入，给它转点钱来支付燃料费。

But that's when the human could come in and send it more money to pay for gas.

对吧？

Right?

所以，所有这些非常酷的事情都可能发生，我们可以实时观察它们的发生过程。

So this is all these really cool stuff that can happen and we can watch it in real time as it's happening.

这才是我想看到的。

That's what I wanna see.

对我来说，这才是真正酷的地方。

Like, that's the cool stuff to me.

是的，这仍然是推测，但我真的很想看看它究竟是如何做到的。

And yes, it's speculation still, but I'd I'd really love to see how it actually manages to do that.

比如，你能把100美元变成一百万美元吗？

Like, do you turn $100 into a million dollars?

它会不会去投机 meme 币？

Is it gonna go speculate on meme coins?

因为这是最显而易见的做法。

Because that's the obvious thing to do.

这正是人类会做的事。

That's what humans would do.

还是它会玩一场更长期的游戏？

Or is it gonna play a longer term game?

它会不会做高频交易，然后把利润投入更长期的项目？

Is it gonna do, you know, is it gonna do maybe HFT stuff and then take its profits and put it into, longer term things?

比如，它会不会把部分利润放进稳定币，然后参与稳定币农场？

Like maybe it it puts, some profits into stable coins and goes into stable coin farms.

它会实际想出什么样的策略呢？

Like what strategies would it actually come up with?

所以，实现这一点有不同的方法。

So and there are different ways to do this.

显然，会有一些代理基本上什么都没有。

Obviously, there'll be some agents that have basically, you know, nothing to them.

它们只是从非常基础的状态开始。

They just start very bare.

而另一些则由人类直接编程，告诉它们：嘿，你拥有这些优势。

And there'll be other ones that the human basically programs it and says, hey, you've got all these kind of advantages.

我会告诉你所有你能做的事情，以及通常的最佳实践是什么，还是说它会从零开始？

I'm gonna tell you everything that, you know, you can do and that, you know, the the the common best practices are to do, or will it be one that just starts from zero?

我真想看看那个从零开始、自己学会一切的代理。

I'd love to see the one that starts from zero and learns it all on its own.

那样的话，真的会很酷。

Like, that would be really cool.

就像是在创造一种新的生命，一种人工生命，然后说：在以太坊环境中，尽你所能生存并繁荣发展。

Like, essentially creating a a new life, like an artificial life basically, and saying, do what you can to survive and thrive in the Ethereum environment.

因为如果它想的话，它可能可以跳到其他环境中去，但如果它足够聪明，就不会想这么做。

Because it it, you know, it can probably, if it wanted to jump to other environments, but if it was smart enough, it wouldn't wanna do that.

它会想：好吧。

It'd be like, okay.

也许我不会跳到另一个L1，因为那样会有跨链风险。

Maybe I'm not gonna jump over to another l one because then I've got bridge risk.

想象一下，一个AI会思考这些问题。

Like imagine an AI thinking about that.

对吧？

Right?

那真的会很酷。

That'd be really cool.

所以我相信随着时间推移，我们一定会看到这一切，这也是我之所以对2004年8月8日以及加密领域中的AI代理感到兴奋的原因。

So I'm sure we're gonna see all of that as time goes on, but that's why I'm excited about it, about 08/00/2004 and about AI agents, within the crypto context here.

好的。

Alright.

另一个重大公告是，Dow似乎回来了。

Another big announcement that came out was that the Dow is apparently back.

对于那些不知道Dow是什么的人，它现在已经相当古老了。

Now for those of you who don't know what the Dow is, it's quite old now.

Dow最初是2016年提出的一个构想，旨在筹集大量资金，用于资助以太坊内的项目，并由人们共同管理这些资金。

So the Dow was an original idea that came around in 2016 to raise a bunch of money as part of a Dow and then have people governing this money in order to fund projects within Ethereum.

当然，这个DAO惨败了，因为合约被黑客攻击，导致大量资金被盗。

Now, of course, the DAO failed miserably because there was a hack of the contract, which drained a lot of the funds.

随后，以太坊链发生了非正常状态变更，导致分叉：一方将黑客的钱收回，另一方则没有这么做，后者就是至今仍然存在的以太坊经典。

And then the there was an irregular state change of the Ethereum chain, which resulted in a fork where there was Ethereum where they took the money away from the hacker.

所以，他们把ETH从黑客那里拿走，而另一条链没有这么做，那就是以太坊经典，至今依然存在。

So it took the ETH away from the hacker, and then there was Ethereum where they didn't do that, which was Ethereum Classic, which is still around today somehow.

但我今天提起DAO，是因为正如我所说，它已经回归了，由生态系统中的一群人重新推出，并将激活75,000枚ETH来增强以太坊的安全性。

But the reason I'm bringing up the DAO today is because, as I said, it's back, and it has been relaunched by a bunch of people in the ecosystem, and they are going to activate 75,000 ETH to strengthen Ethereum security.

所以有很多原本未被领取、被困在DAO合约中的ETH。

So there's a lot of ETH that wasn't claimed that was stuck in the the Dow, contract.

在分叉发生后，如果你的ETH在DAO里，你就可以把它领回来。

So what happened after the fork happened is that if you had ETH that was in the Dow, you could claim it back.

但很多并没有被领回。

But a lot of it wasn't.

显然，有75,000枚ETH未被领取，价值约1.65亿美元。

Apparently, 75,000 of it wasn't, which is worth a $165,000,000.

这是一笔巨款。

It's a lot of money.

于是，一些志同道合的人——特别是加密生态中注重安全的人——聚集在一起，这里列出了他们的名单。

So good people got together, specifically security minded people within the crypto ecosystem, and there's a list of them here.

维塔利克当然在列，还有来自加密领域不同团队的许多人。

Vitalik, obviously, there, but a bunch of people from different teams within crypto.

他们聚在一起，打算利用这些资金并让资金增值。

And they got together to essentially use these funds, and grow these funds.

我相信他们实际上最近质押了大量这些资金，用以资助生态系统内的安全项目。

I I believe they staked a lot of these funds actually, just recently, but to use these to fund security projects within the ecosystem.

而且这份详细的说明就在这篇博客文章中。

And there is actually a full describe description of this here on this blog post.

但本质上，他们的目标是全面提升以太坊的安全性，不仅限于以太坊协议本身，还包括所有这些方面。

But essentially, what they wanna do is make Ethereum more secure across the board, not just the Ethereum protocol itself, but all of these things.

钱包用户体验、密钥管理与操作安全、智能合约安全、基础设施、监控、事件响应、标准、L2桥接安全，当然还有核心协议安全。

Wallet UX, key management and OPSEC, smart contract security, infrastructure, monitoring, incident response, standards, l two bridge security, and of course, core protocol security.

所以他们的职责范围很广，但这太棒了。

So they have a wide mandate here, but this is awesome.

这真的非常酷。

Like, this is really cool.

这又是一件像我前面提到的那样，面临类似‘公地悲剧’问题的事情——很多这类东西都是公共产品。

This is another thing that suffers from a similar issue to what I was talking about earlier with regards to, this kind of tragedy of the commons thing where a lot of this stuff is public good stuff.

很多这类东西都是需要支出的。

A lot of this stuff is an expense.

很多这类工作对很多人来说并不是盈利中心。

A lot of this stuff is not profit centers for a lot of kind of people.

是的。

Yes.

比如智能合约审计是团队的盈利点，但很多其他工作并不是。

Like smart contract auditing is a profit center for teams, but a lot of this other stuff isn't.

举个例子，像密钥管理、操作安全和钱包用户体验，理论上可以成为盈利点，但很多时候其实并不是。

You know, for for example, like key management and op sec and WALT UX, it can be a profit center, but it's not really a lot of the time.

很多时候，盈利点变成了在这些基础之上叠加功能。

A lot of the time, the profit center becomes, bolting stuff on top of this.

真正的核心部分本身并不是盈利中心。

Like, the actual core thing here is not the profit center itself.

因此，它常常资金不足。

So it goes underfunded.

它很少得到风投或其他相关方的关注。

It's not really given any attention by VCs or other kind of, parties out there.

所以，他们拥有这么多资金，还从DAO中使用未认领的ETH来资助这些项目，这真的非常疯狂，但看到这一点也很棒。

So the fact that they have, you know, all this money to to kind of fund these things and using it from the DAO, for unclaimed unclaimed ETH from the DAO is is quite crazy, and, it's cool to see.

对吧？

Right?

对于那些好奇为什么有人会把这么多ETH留在那里十年不认领的人，这是因为当时这些ETH的价值远没有达到2.2亿美元，而这篇博客文章发布时才达到这个价格。

And for those of you who are wondering why someone would leave that much ETH in in that being unclaimed there for like ten years now, it's because at the time it wasn't worth $220,000,000, which is when this blog post was posted.

但现在因为市场暴跌，它的价值已经远低于这个数字了。

But now it's worth a lot less than that because we had this dump.

但它仍然值大约1.7亿美元，差不多吧。

But it's it's still worth like what, $170,000,000, something like that.

当时，75,000个ETH，我记得ETH的价格曾飙升到20美元左右。

At the time, 75,000 ETH, I believe ETH was about spiked $20 to to yeah.

2016年时，ETH的价格曾涨到约20美元。

It spiked to about $20 in 2016.

当时它的价值大约是150万美元。

It was worth $1,500,000 at the time.

所以当时它价值非常非常低。

So it was worth very, very little.

然后以太坊又回落到大约10美元左右。

And then ETH went back to like $10 or something like that.

所以当时价值75万美元。

So it was worth 750 k.

我认为在2016年，以太坊曾跌到7美元。

Well, I think ETH went to $7 at the 2016.

当时价值52.5万美元。

It was worth 525 k.

所以很明显，如果我们说有很多人参与了这个项目，52.5万美元。

So obviously, like, if we were to say there was a bunch of people participating in this, 525 k.

假设有一千人参与了这个项目。

Let's just say there was a thousand people that participated in in this.

那就是每人525美元。

That's $525.

所以你能理解为什么人们没有去认领这笔钱，因为他们可能觉得，哦，已经没了，算了。

So you can see why people didn't claim this back because they're probably like, oh, well, it's gone, whatever.

也许他们甚至已经离开，根本不知道分叉这回事？

Maybe they even left and they didn't know about the fork, You know?

所以是的。

So yeah.

当然，它当时绝对没那么值钱。

Well, it definitely wasn't worth that much.

然后你可能会想，为什么他们还没去认领呢？

And then you might think to yourself, why haven't they claimed it, yet?

而如今，它的价值已经高多了。

And, know, the it's it's worth it's worth a lot more now.

也许他们把密钥弄丢了。

Maybe they lost their keys.

对吧？

Right?

那时候，人人都在丢钥匙。

Back then, everyone was losing keys.

但没比特币早期那么严重。

Not not as much as in the Bitcoin early days.

人们还是在丢钥匙。

People were still losing them.

或者他们根本没关注加密货币。

Or maybe they just haven't paid attention to crypto.

他们完全脱离了这个圈子。

They're just completely out of it.

他们根本不知道。

They have no idea.

或者可能它仍然价值很低，因为如果你里面只有525美元，或者假设500美元，而以太坊已经涨了100倍，你知道，50倍。

Or maybe it's still worth very little because if you only had $525 in there or 500 let's say $500, and yet ETH has gone up like a 100 times, you know, 50.

也许你还有其他以太坊，已经赚了不少钱，所以5万块对你来说根本不值得去拿。

Maybe you had other ETH that you've made a lot of money on and 50 k is not really worth it to you.

我不知道。

I don't know.

这里有很多不同的原因。

There's a lot of different reasons here.

我说52千对有些人来说不算什么，听起来可能很疯狂。

It might sound insane for me to say that 52 k isn't worth a lot to people.

对有些人来说，它根本一文不值。

Some people it's worth nothing too.

对吧？

Right?

甚至不值得花时间去领取，因为他们已经通过其他方式变得非常富有。

It's not even worth the time to claim it, because they're already very rich from other ways.

但无论如何，看到道琼斯指数在这里回升，并用那些资金做些好事，真的很棒。

But anyway, very cool to see the Dow, kinda coming back here and doing something good with those funds there.

好吧。

Alright.

所以，最后几件事。

So last couple of things here.

富达，我认为是全球第三大资产管理公司，正在以太坊上推出一种稳定币。

Fidelity, the world's third largest asset manager I believe is launching a stable coin on Ethereum.

它的名字不太理想。

It's got an unfortunate name.

它叫FIDD，拼写是f-i-d-d。

It's called FIDD, f I d d.

这还挺搞笑的。

It's kind of funny.

他们本可以叫它FIDD，然后它就能成为一个迷因。

They could've they could've called it FIDD and then it could have been a meme.

但他们叫它fid，人们就把它调侃成Diddy，就像P Diddy那样，你知道的，他最近有很多话题。

But by calling it fid, people were memeing it as Diddy, as in like P Diddy, the the you know, there's a lot of kind of stuff going on with him.

其实我对这些了解不多。

I don't I don't actually know a lot about it.

因为我并不太关注名人八卦，但据说他被判定犯有大量与性侵相关的罪行。

Was because I don't really follow the celebrity stuff, but apparently he was convicted of a lot of kind of like, sexual abuse related stuff.

我不太清楚。

I don't know.

我不了解那件事的全部细节。

I don't know the full story there.

如果你想了解完整的故事，可以在维基百科上查，但当时人们都在拿这个开玩笑。

You can look it up on Wikipedia if you wanna know the full story, but people were meaning about that.

除了这个稳定币的名字不太理想之外，看到传统金融领域对以太坊的采用趋势仍在加速，还是很令人振奋的。

So besides the unfortunate name of the stablecoin, it's still pretty cool to see the trend of the fact that like TradFi isn't slowing down with with with its adoption of Ethereum.

他们正在全速前进。

It's going full steam ahead.

而且他们对此充满热情。

And they're so excited about it.

我接触过一些与传统金融界有联系的人，这些传统金融人士正急不可耐地想参与加密货币领域。

Like, I talked to people that are in contact with, the TradFi world and these TradFi people, they're FOMO ing at the bit to get involved with crypto.

他们非常喜欢。

They love it.

他们喜欢链上发生的一切。

They love everything happening on chain.

他们喜欢所有的DeFi项目。

They love all the the DeFi stuff.

他们尤其喜欢稳定币，我之前在《Refuel》上也说过这一点。

They love stable coins especially, and I've said this before on on the Refuel.

他们争先恐后地想要参与进来。

And and, you know, they're falling over themselves to get involved here.

所以，尽管价格现在如此波动，这其实有点疯狂，但话说回来，价格通常与基本面脱节。

So it's kinda crazy that like the the prices are doing what they're doing, but again, this like prices are usually detached from fundamentals.

当时看到2020年以太坊发生了这么多事情，我觉得非常不可思议。

It was crazy to me at the time that so much was going on with Ethereum in in 2020.

是的，以太坊的价格最终在2019年就上涨了，但之前有一段时间一直没什么动静。

And yeah, the ETH price eventually went up or even 2019, but it sat like it did nothing for a while.

同样地， guys，世界上很多被很多人看涨的事物都是如此。

And same is true of so many things guys, like so many things within the world that, you know, a lot of people get bullish on.

他们总是问，既然发生了这么多事情，为什么这个价格还这么低？

They're like, why why is this trading at such a low price when all this stuff's going on?

这只是事物运作的方式而已。

Well, it's just the way that the things work.

这就是市场运作的方式，注意力运作的方式。

It's way markets work, way attention works.

但没错，我只是想提一下，因为这再次体现了传统金融领域内正在发生的更多趋势。

But yeah, just wanted to mention that because again, that's just like more of a a further trend here of stuff, happening within the the TradFi world.

现在，我还想提醒你们另一件大事，不是在传统金融领域，而是在去中心化金融领域，我要做一个相当重大的披露。

Now, also there was another kind of big thing that I wanted to put on your radar here, not in TradFi, in DeFi, that I'm gonna disclose, make a pretty big disclosure here.

有一个新项目刚刚从隐身状态现身，名叫 Polaris。

So there's a new project that announced itself, came out of stealth called Polaris.

这是一个纯粹的去中心化金融项目， guys。

This is a pure play DeFi project, guys.

这个项目将使用PureEth。

This is a project that is going to be using PureEth.

我相信它从一开始就将是去中心化的，或者至少会非常早地实现去中心化。

It's gonna be decentralized from a day one, I believe, or at least very, very early on here.

它不会采用这种混合的DeFi和CeFi模式，或者其他类似的做法。

It's not doing like this hybrid DeFi, CeFi approach or anything like that.

这是一个纯粹的DeFi项目。

It's pure play DeFi.

这是自2023年以来我投资的第一个纯粹的DeFi项目。

And it's the first pure play DeFi project that I have funded since 2023.

或者，抱歉。

Or at least, sorry.

这是我自2020年以来在DeFi领域做的第一笔天使投资，我应该这么说。

It's the first angel investment that I've made, since 2020, three in the kind of DeFi space, I should say.

我认为我上一笔投资是2023年的Athena。

I believe the last one I made was Athena, in 2023.

现在你们可以自己查看Polaris的公告，关注他们的Twitter并关注他们的一切。

Now you can check out Polaris' kind of announcement here for yourself and check out their Twitter and go follow them and and and everything.

白皮书还没发布，但很快就会出来。

The white paper is not out yet, but it will be.

不过，是的，我打算对Polaris进行天使投资，所以这里做个公开说明。

But, yeah, I'm I I am going to be angel investing in them, so just a just a big disclosure there.

但我对Polaris感到兴奋的原因在于它是纯粹的DeFi。

But the reason why I'm excited about Polaris is because it's pure play.

它是纯粹的DeFi。

It's pure play DeFi.

这正是我喜欢DeFi的地方。

It's what I love about DeFi.

正如我所说，它基于纯以太坊实现去中心化，并结合了几种创新机制。

It's it's as I said, decentralized using pure ETH, and it's using a few novel mechanisms and bringing them together.

所以我不打算从底层细节上解释它具体是什么。

So I'm not gonna explain, you know, on the refuel what it is from like a low level or anything like that.

但从高层次来看，它将多种元素整合在一起，你可以看到，它结合了一种名为PUSD的收益型稳定币。

But from a high level, it brings together, you can see you can see, yeah, it brings together a a stable coin, a yield bearing stable coin called PUSD.

然后还有PETH，这是一种ETH衍生品，由于其在债券曲线上的交易，具有不断上升的地板价。

And then you've got, PETH, which is an ETH derivative with a rising floor price because it trades on a bonding curve.

还有Polar，这是他们的原生代币，作为具有真实收益的治理代币。

And you have Polar, which is their native token, which is the steward steward ship steward ship token with a real yield here.

我喜欢这一点的是，将DeFi协议的所有收入内部化并不是什么新概念。

Now what I like about this is that it's not new to kind of internalize all the revenue that a DeFi protocol makes.

但新颖之处在于，这是一个纯粹的DeFi项目。

But what is new about this is that it's pure play.

它是纯粹的DeFi。

It's pure DeFi.

它是纯粹的ETH。

It's pure ETH.

它没有使用任何质押的ETH代币。

It's not using any staked ETH tokens.

它只是使用了ETH。

It's just using ETH.

是的，还可以基于这个协议构建其他代币，比如他们这里提到的PGold或PAnything。

And yes, there can be other ones, built on this protocol like other tokens built on this protocol like they say here like, p gold for example or p anything.

但他们最初是从PETH开始的，并且正在为第一年赋予它生命力。

But they're starting off with like p eth, and they're and they're and they're they're kind of bringing that to life for, first year.

但它的基本工作原理是，你将ETH存入这个债券曲线，这就会生成PUSD。

But the but the way it basically works is that like you you you kind of deposit Ethan to this bonding curve, and that kind of means this this kind of PUSD.

是的。

Yeah.

然后，债券曲线上所有的交易收入都会被协议内部化，从而使PUSD产生收益。

And then all the trading on the bonding curve, all that revenue is internalized within the protocol so that that PUSD becomes kind of yield bearing here from that.

正如他们所说，它完全在链上，完全不可篡改，完全可审计。

And it's it's fully on chain, fully immutable, fully auditable as they say here.

没有奖励资产，没有链下依赖，没有对手方风险，纯粹的DeFi。

No reward assets, no off chain dependencies, no counterparty risk, just pure play, DeFi.

但正如他们所说，它不仅仅是一个稳定币。

But it's not just a stable coin as they say.

正如我之前所说，它是一个稳定币操作系统。

And as I was saying before, it's a stablecoin OS.

人们可以对它进行分叉，并为任何他们想要创建的稳定资产构建基础设施。

People can fork it and fork the infrastructure for any stable asset that they wanna make.

这一直是生态系统中不同部分尝试实现的东西。

And this has been something that's been, I guess, like, made in different parts within the ecosystem.

所以，像Maker显然是这里的例子，Liquidity也是如此。

So, like, you know, Maker is obviously the example here, Liquidity as well.

这些年来，其他项目也曾尝试过这类事情，但这个方案将所有这些整合在一起，放在一个债券曲线之上，使其不可篡改，并明确表示：看，这就是它。

Other projects over the years have tried to do this stuff, but this is bringing it all together, and putting it on a bonding curve and making it immutable and essentially saying, hey, here it is.

去玩吧。

Just go play with it.

去使用它吧。

Go do stuff with it.

去集成它。

Go integrate it.

没人能阻止你做这件事。

No one can stop you from doing this.

所以这就是为什么我决定在三年前最后一次投资DeFi项目后，几乎立刻对这些人进行天使投资。

So that's why I've I've kind of, decided to angel invest in these guys almost three years since my last DeFi investment.

我没有投资很多DeFi项目，因为我觉得它们大多雷同，而作为跟风者对抗现有巨头，成功的机会非常低。

I haven't invested in a lot of DeFi projects because I think a lot of them are are the same and the chances of success when you're the same against incumbents is really low.

但我认为Polaris正在做一些新颖的事情。

But I think Polaris is doing novel things.

是的，其中一些组件与其他DeFi项目相同，但它们以独特的方式将这些组件整合在一起，这才是我最看好的地方。

Yes, there are components that are the same as other DeFi projects out there, but they're bringing them all together in a unique way and that's what I'm most bullish on.

所以你可以亲自去了解Polaris。

So you can go check out Polaris for yourself.

我会在下面的YouTube描述中附上链接，方便你查看。

I'll link it in the YouTube description below for you to do so here.

现在，今天这期节目的结尾，我有点想发点牢骚。

Now, we've got a little bit of a rant, I guess, today, at the end of the episode today.

这主要跟市场有关。

This is gonna be mostly markets related.

所以如果你对这个不感兴趣，可以随时退出，今天这期就到此为止了。

So if you're not interested in that, you can kinda click off and that's the episode for you today.

我知道我最近一直在谈市场，但主要是因为最近市场波动非常剧烈，我觉得这导致很多人有点失去理智。

I know I've been talking a bit about the markets lately, but that's primarily because the markets have been extremely volatile lately and I think that it's what's causing a lot of people to lose their heads a little bit.

今天我在日常价格频道里说了点话，虽然我平时基本不进那个频道，但我当时只是说，兄弟们，我一进去，你们天天都在讨论同样的事情。

And I you know, I was talking in the daily way prices channel today, which I avoid most of the time, but I was just saying in there, like, guys, like I come in here and you're all just discussing the same thing day in, day out.

每天都是那批人，日复一日地讨论同样的内容。

It's the same people in there, day in, day out discussing the same thing.

当然，我很感谢大家在Discord频道里活跃，但我要说明的是，我谈的这些东西都是基于个人经验。

And sure, I appreciate people being active in the Discord channel, but where it becomes an issue and everything that I talk about when it when it comes to this stuff is from personal experience by the way guys.

但问题在于，你们每天都在重复讨论同样的事情，对吧？

But when it becomes an issue is that you talk about the same things every day, right?

你们总是纠结于同样的事情，投资没达到预期，和别人一起分享这种负面情绪。

Like you cope about the same things, your investments aren't doing what you want them to do and you're basically having like the shared cope with people.

这在短期内或许能让你感觉好一点，但听我的，长期来看这对你毫无帮助。

And that's fine for like making yourself feel better in the short term, but take it from me, it doesn't do anything long term for you.

实际上，它只会让你在长期更加沮丧。

It actually just makes you more depressed in the long term.

我认为唯一的解决办法是把你的幸福感和情绪从市场中抽离出来。

And I think the only cure is to detach your kind of happiness and detach your feelings from the markets.

你不能把情绪和市场挂钩，比如把快乐完全建立在资产价格上——不仅仅是ETH，还包括其他资产。

You can't have feelings in the market like you're kind of like happiness attached to that because let's say you go to the extreme of things and your basically your happiness is dependent on what the price of maybe not just ETH but like other assets are doing.

我们来看看，如果你每天都要查看价格，这种情况会如何日复一日地发生。

And let's let's look at how that plays out day to day if you check the price every day.

某天早上醒来，发现ETH价格上涨了，你就很开心。

Wake up one day, ETH prices up, you're happy.

第二天早上醒来，发现ETH价格下跌了，你就感到难过。

Wake up the next day, ETH prices down, you're sad.

但这里有一个基本的根本性问题。

But just as like a fundamental kind of thing here, as like a basic basic thing here.

所以你经历了以太坊价格持续上下波动，你的情绪也随之起伏。

So you've gone got this con continuous yo yo of ETH price going up and down and your emotions following it.

你觉得这对你的情绪有什么影响？

What do you think that does to your emotions?

对吧？

Right?

潜意识里，你觉得它会带来什么影响？

Subconsciously, what do you think it does?

它会毁掉你的情绪。

It it ruins them.

它本质上把你的情绪健康与以太坊或任何资产的随机波动绑定在一起。

It essentially ties your emotional well-being to the random movements of ETH or any asset.

久而久之，这种影响会不断累积。

And then over time that compounds.

对吧？

Right?

它会累积，越来越糟，越来越糟。

It compounds, it gets worse and worse and worse.

最终你甚至没意识到它已经发生了，变得非常微妙。

And eventually you don't even realize it's happened where it becomes very subtle.

我为什么今天心情这么差？

We're why am I in such a bad mood today?

哦，是因为以太坊价格下跌了，我早上一醒来就查看了以太坊价格，然后就开始跟别人讨论以太坊价格，这让我非常沮丧。

Oh, it's because the ETH price is down and all I did when I got up was check the ETH price and then I went in and started coping with other people about the ETH price and it's made me really sad.

我对我的投资也感到沮丧。

And I'm down on my investment as well.

这种感觉也会进一步加剧问题。

Like that that that also like adds on to things too.

如果你以3000美元买了以太坊，你会想：天哪。

Like if you bought ETH 3 k, you're like, oh, shit.

我现在投资亏了。

Like, I'm down on my investment right now.

嘿，我也一样。

And hey, I'm the same.

我以3千的价格买了以太坊。

I bought some Ether 3 k.

真糟心。

Sucks.

对吧？

Right?

我理解这种感觉。

I understand how it feels.

正如我所说，这些都是我个人的经历分享给你们。

As I said, all from personal experience to you guys.

我自己以前也这么做过。

I've done this before myself.

不久前，但我确实做过。

A little while ago, but I've done this.

而且我认为，如果你是在2021年或之后进入的，那情况就不同了。

And I also think it's pronounced if you entered in like 2021 or later.

因为想想过去五年里，2021年才进入加密货币的普通参与者。

Because think about the average crypto participant that entered in 2021 over the last five years.

你2021年进场时，一切都在上涨，一切都棒极了，而且那时还是疫情期间。

You entered in 2021, everything's going up, everything's awesome, and it's COVID.

但你觉得自己进了加密货币，真是太棒了。

But you're like, you're in crypto and it's awesome.

大家都过得很开心。

Everyone's having a good time.

你赚到钱了。

You're making money.

这让你感觉好多了。

It's making you feel better.

所以你可能因为新冠疫情感到沮丧。

So maybe you were depressed about COVID.

你可能对它感到很糟糕。

Maybe you were shitty about it.

你心想，我不能出门。

You're like, I can't leave my house.

我什么也做不了，什么都没发生。

I can't do anything, know, and nothing's happening.

世界末日就要来了。

The world's ending.

但你有了加密货币这件事，一切都感觉很棒。

But then you've got this crypto thing and it all feels awesome.

你拥有了这么多，你知道的，因为所有东西都在上涨，你感受到了多巴胺的激增。

Like you got all these, you know, you've got this dopamine rush happening because everything's going up.

每个人都在享受美好时光。

Every everyone's having a good time.

你在CT上，大家都在玩得开心。

You're on CT and it's everyone's having fun.

人人都在发梗图。

Everyone's memeing.

有太多事情在发生了。

There's so much stuff happening.

酷。

Cool.

然后这一切在2021年牛市结束时戛然而止。

And then that all comes to an abrupt end at the 2021 when the bull market ends.

对吧？

Right?

你经历了这一切疯狂，比如NFT、游戏、去中心化金融，所有人都在说服你这将改变世界，一切只会永远上涨。

And you've experienced all this mania with, like, NFTs and and gaming and DeFi and everyone's convincing you that it's gonna change the world and everything's gonna be up only forever.

然后我们进入了2022年。

And then we enter 2022.

当然，新冠疫情开始缓解，事物逐渐重新开放，世界运转的车轮再次启动，但你对此并不感兴趣。

And sure, COVID starts subsiding, things start opening back up again, the world you know, the wheels start turning in the world, but you're not interested in that.

你仍然沉浸在加密货币中，因为你觉得这只是暂时的冷却，很快就会回升。

You're still in crypto because you're like, you know, it's on it's just gonna cool off.

2022年我们会重回上涨轨道。

We're gonna go back up in 2022.

那会是不错的一年。

It's gonna be a good year.

突然，Terra在五月崩盘了。

Bam, Terra collapses in May.

对吧？

Right?

你亲身经历了这一切。

You experienced that.

明白。

Cool.

当时加密货币历史上最大的崩盘。

The biggest collapse in crypto history at the time.

你心想，好吧。

You're like, okay.

我们都知道Terra是个庞氏骗局。

Well, we all knew Terra was a Ponzi.

我们都知道Terra是个骗局。

We all knew Terra was a scam.

没关系。

It's okay.

既然已经把Terra清理出去了，一切都会好起来的。

Now that we've cleared Terra out of things, everything's gonna be okay.

果然，市场从那里开始小幅复苏并回升，依稀记得是这样。

And sure enough things recover a little bit and start going up a little bit from there from memory.

人们又开始重新抱有希望。

People start getting hopeful again.

他们说，好吧。

They're like, okay.

酷。

Cool.

这太棒了。

This this is awesome.

这会很棒。

This is gonna be great.

砰。

Bam.

FTX崩盘了。

FTX collapses.

对吧？

Right?

你心想，天哪。

You're like, holy fuck.

好的。

Okay.

酷。

Cool.

好了，各位。

Alright, guys.

我们又揭穿了一个骗局。

We we washed out another scam here.

太棒了。

It's great.

真的，太厉害了。

Like, it's awesome.

我们会好起来的。

We'll be alright.

2023年将会是不平凡的一年。

2023 is gonna be a year.

果然，2023年到来，情况开始好转。

Sure enough, 2023 hits, things start looking up.

事情变得越来越积极。

Things start looking more positive.

贝莱德申请了比特币ETF。

BlackRock files for an BTC ETF.

大家都说，是的，太棒了。

Everyone's like, oh, yeah.

这太棒了。

This is awesome.

它一定会获批的。

It's gonna get approved.

这一定会很精彩。

It's gonna be awesome.

所有这些新资金都将涌入，果然，比特币开始上涨。

All this new money is gonna come in and sure enough, BTC starts going up.

然后其他事情也相继发生。

And then other things follow.

然后大家都说，太棒了，比特币要涨了。

Then everyone's like, fuck yeah, we're gonna get like BTC going up.

它会上涨的。

It's gonna go up.

这一切都将走向价格发现。

It's all gonna go to price discovery.

然后终极行情就要来了。

Then ults are gonna happen.

我们要迎来老行情了。

We're gonna get old season.

我所有的持仓都要涨了。

All my bag is gonna go up.

又要变得很棒了。

Gonna It's be awesome again.

这会像2021年一样。

It's gonna be like 2021.

酷。

Cool.

比特币ETF获得批准。

BTC ETF gets approved.

2024年就这样悄然来临。

2024 kinda, rolls around here.

与此同时，SEC在2023年和2024年一直在打击加密货币，对吧？

And all the meantime, right, the SEC is attacking crypto by the way in 2023 and 2024.

对吧？

Right?

是的。

Yeah.

SEC正在打击加密货币。

SCC is attacking crypto.

一切都烂透了，就是因为这个。

Everything's shit, because of that.

比如，其他所有东西都很烂。

Like, all the other stuff's shit.

但后来我们因为ETF看到了一丝希望。

But then we got that ray of hope with the ETF.

好吧。

Okay.

这一切都发生了。

That all happens.

而且，是的，一切又开始上涨了。

And, yeah, everything's going up again.

每个人都在ETF即将推出的时候过得非常开心，对吧。

Everyone's having a really good time, right, into the ETF, kinda launching there.

然后ETF上线了，我记得当时是利好出尽的事件，接着每个人都又沮丧起来了。

And then the ETF goes live and it was I believe I sell the news event at the time, and then everyone's depressed again.

但后来情况开始好转。

But then things start looking up.

模因币开始兴起。

Meme coins are happening.

哦，活动变多了。

Oh, there's more activity.

哦，模因币就像上次的NFT。

Oh, Meme coins are like NFTs last time.

酷。

Cool.

让我们参与进去。

Let's get involved with it.

果然，很多人靠模因币赚了钱，派对又热闹起来了。

And sure enough, a bunch of people make money off Meme Coins and it's and the party's good again.

但后来并没有。

But then it it doesn't.

就像它崩盘了。

Like, it collapses.

模因币大幅下跌，人们都说：天啊。

Meme Coins go down a lot, and and people are like, oh my god.

我亏了很多钱。

I lost a lot of money.

但接着我们进入了2025年2月，模因币又开始上涨，因为比特币再次上涨，加密货币市场有了更多资金。

But then we enter $20.25 and meme coins start going up again because BTC is going up again, and and there's more money in crypto.

我其实得调出一张图表，因为我记不清确切的日期了，但我很清楚，在那段时间里，情况一直不错。

Like, I actually have to bring up a chart for this because I don't remember the exact dates here, but I know for a fact, like, things were were going were going well, during during this period of time.

所以如果我调出比特币的图表，是的，我的意思是，2024年直到三月，走势还行，但直到2024年11月，比特币才再次开始上涨。

So if I bring up the the BTC chart here, yeah, I mean, in 2024 up until like March, it went okay, but then not until November 2024 did BTC start going up again.

然后它从那里大幅上涨，进入价格发现阶段，涨到了大约十万美元。

And then it, you know, it went up a bunch from there, went into price discovery, went up to like a 100 k.

每个人都玩得很开心。

Everyone was having fun.

然后，是的，情况还算不错。

And then, yeah, it was it was going okay.

在总统大选之前，情况还算稳定。

It was going okay into the presidential election.

特朗普赢了。

Trump won.

大家都说，好吧。

Everyone's like, okay.

不错。

Cool.

SEC 不再会是加密货币的敌人了。

SEC is not gonna be an enemy to crypto kind of anymore there.

你知道，特朗普赢了，一切都不一样了。

You know, Trump won and everything.

我还应该提一下，2024 年也是以太坊现货 ETF 在重重阻力下获得批准的年份，这真的非常令人振奋。

And I should mention 2024 is also when the when the ETH ETF got approved, right, like against all odds, which which is really, really cool to see as well.

所以当时人们对这一点也抱有很大希望。

So there was there was a lot of hope around that too.

对吧？

Right?

但后来特朗普赢了，这还挺酷的。

But then Trump won and, that was cool.

但之后，特朗普推出了他的迷因币，那是迷因币的巅峰，也是永久性的最高点。

But then after that, Trump did his meme coin, and that was the top that was the forever top one meme coins.

对吧？

Right?

然后我觉得，从那时起氛围就变了，大家都说：天哪。

And then I think the the kind of vibe shifted from there, and everyone was like, holy shit.

好吧。

Okay.

他是不是就只想割韭菜？

Is he just gonna grift?

他就是要骗人吗？

Is he just gonna scam?

他就只会干这种事吗？

Is he just gonna do this shit?

因为米利安尼亚也推出了，然后一堆别的乱七八糟的事也发生了。

Because Millenia also launched as well, and then a bunch of other shit was happening.

我们就说，好吧。

And we're like, okay.

行吧。

Cool.

敌对的SCC没了，但现在特朗普又搞这一堆事，好吧。

The hostile SCC is gone, but now we have Trump doing all this shit and okay.

这可不妙。

That's not good.

模因币见顶了。

Meme coins top.

从那时起，比特币开始下跌。

BTC starts going down from there.

我认为比特币在1月27日见顶，之后下跌了30%。

BTC topped January 27, I think, and went down 30% from there.

但到了四月，它又开始回升。

But then in April, it started going back up again.

那个月的暴跌对以太坊来说也非常糟糕。

That April dump was really bad for ETH too.

对吧？

Right?

所以想象一下，你亲身经历了这一切，看着以太坊在多年持续推出这么多酷炫功能之后，却被打得体无完肤。

So imagine, you know, living through through that and living through ETH going like, getting absolutely hammered after delivering all these really cool things over the years, just getting fucking slaughtered.

对吧？

Right?

之后，汤姆·李出现了。

And then after that, Tom Lee, you know, comes along.

ETHDATs出现了。

The ETHDATs come along.

好的。

Okay.

一切又恢复了，我们开始上涨。

Everything's good again and we start going up.

ETH和BTC开始上涨。

ETH and BTC start going up.

ETH涨了很多。

ETH goes up a lot.

涨到了5000美元。

Goes up to 5 k.

大家都说，价格发现即将来临。

Everyone's like, okay, price discovery imminent.

然后一切崩盘了。

And then everything crashes.

我们经历了10月的崩盘，彻底清空了一切。

We have the ten '10 crash in October where it wipes out absolutely everything.

山寨币被彻底摧毁，而在此之前它们表现其实也不怎么样，但这次被彻底洗劫了。

Alts get absolutely obliterated, and they haven't even done well until then, but they get fucking destroyed.

所有人都亏了钱。

Everyone's losing money.

每个人都在被狠狠打击。

Everyone's, you know, getting destroyed.

从那以后，我们大部分时间都在下跌，直到最近几周，情况更是雪上加霜。

And then since then, we've just had down most of the time until the last few weeks where it's just been really down.

与此同时，黄金和贵金属却疯狂上涨。

And all the while, gold and precious metals went nuts.

与此同时，股市也疯涨。

All the while, stocks were going nuts.

与此同时，所有其他资产类别都在疯狂上涨。

All the while, all these other asset classes were going nuts.

让我们回到我一开始说的话。

So let's go back to what I said at the start.

想象一下，如果你在2021年进入这个市场，过去几年你所经历的一切就是如此。

Imagine you entered in 2021 and that's what you've experienced over the last few years.

这些年里，你所经历的情绪和心态的剧烈反转，足以让任何人发疯。

The absolute whiplash in sentiment and emotions that you have experienced in those years would drive anyone crazy.

我不认识任何一个人，一个都没有，即使是我认识的那些最沉着冷静的人，我也找不到一个没被这场动荡负面影响的人。

I don't know a single person, a single person, and some people I knew as the most stoic people that you can imagine, but I don't know a single person who has not been negatively affected by this.

无论他们是2021年才加入，还是更早之前就入局，都不可避免地受到了冲击，因为这根本不正常，朋友们。

Whether they join in 2021 or before, they have been negatively impacted by this because it's not normal guys.

这根本不是人类该承受的东西。

This is not what humans are made to deal with.

这种持续不断的情绪创伤正在严重损害你的心理，因为我们总是在线，不断刷着社交媒体，而这些内容这些年越来越糟糕，世界本身也在变得越来越糟。

This is extremely volatile emotional damage being done to your psyche constantly because we're always online and throwing all the other stuff, throwing all the social media stuff getting worse and worse over the years, throwing the the world, you know, getting worse and worse over the years.

把这一切都叠加在一起，你就能完全理解，尤其是那些2021年才加入的人，为什么加密货币圈的人如此痛苦。

Like, just throw that all in and you can completely understand why, especially if you join in 2021, crypto people are miserable.

我明白。

So I get it.

我明白。

I get it.

我理解。

I understand.

但这并不能改变痛苦喜欢陪伴这一事实。

That doesn't change the fact that misery loves company.

所以你看到大家都一起痛苦，因为这让他们感觉好受些。

So that's why you see everyone being miserable together because it makes them feel better.

这不好。

That's not good.

长期来看这不好。

It's not good long term.

长期来看这不会对任何人有帮助。

It won't help anyone long term.

我认为，从长远来看，这对你个人和整个生态系统都不健康。

It's not healthy long term for you personally and for the ecosystem, I believe.

话虽如此，如果你回顾一下其他资产类别曾经发生过的类似时期，你可以看看互联网泡沫破灭之后发生了什么。

Now in saying all of that, I think if you look back at these times that have happened within other kind of asset classes, if you will, you can go back and look what happened after the .com bubble.

对吧？

Right?

那时候有很多人遭受了重创。

Like, there are a lot of people who were wrecked after that.

有很多人之后感到非常沮丧。

A lot of people who were sad after that.

很多人失去了工作，但他们挺了过来，并意识到：好吧，我们明白科技是真实的。

A lot of people lost their jobs, and they lived through that and they were like, okay, well, we know this tech is real.

我们知道科技是真实的。

We know tech is real.

我们知道科技会变得非常重要，但当时所有的估值都大幅下跌了。

We know it's gonna be big, but all the valuations came down massively.

纳斯达克指数实际上直到2000年到2016年的十六年后才恢复过来。

And the Nasdaq didn't actually recover until sixteen years later from 2000 to 2016.

那么在这段时间的中间点发生了什么？

And then what happened halfway mark there?

2008年的全球金融危机，对吧？

The GFC in 2008, right?

所以如果你在2000年就入场了，你一直持有，纳斯达克在互联网泡沫后又开始上涨，然后在2008年再次崩盘。

So if you got involved in year 2000, you you you held and then the Nasdaq started going up again after .com bubble and then it crashed again in 2008.

正如我所说，它直到2016年才再次创下历史新高。

And then as I said, it didn't reach an all time high again until 2016.

当然，自2016年以来，纳斯达克一路飙升，科技股疯狂上涨，一切都变得极度疯狂。

Now, of course, since 2016, the Nasdaq's gone nuts, tech stocks have gone nuts, everything's gone absolutely crazy.

但在那十六年期间，日子并不好过，对吧？

But during that period of time, it's not been fun those sixteen years, right?

也许如果你在底部买入、然后在顶部卖出，那段经历还算有趣，但咱们姑且先聊聊这八年左右的情况吧。

Maybe it was fun if you bought the bottom and then rode the top up, but let's just give a kind of thing of like those eight years maybe.

所以那段时间一点也不好玩。

So it wasn't fun at all.

简直糟透了。

It was really shit.

那对所有人来说都是段很糟糕的时期。

It was a really crap time for everyone.

所以我想象，如果当时像今天这样有社交媒体，也会看到同样的情况发生。

So I imagine like if social media was around back then like it is today, you would have seen the same thing happening.

每个人都会非常沮丧，那会是一段艰难的时光。

Everyone would have been super depressed, would have been a bad time there.

但他们可能确实如此，只是你没看到，因为那时没有社交媒体，但他们很可能也感到沮丧和悲伤。

But they they probably were like you just didn't see it because it wasn't on social media, but they probably were depressed and sad and everything.

但从中诞生的是改变世界的科技，极大地改善了很多人生活。

But what came out of it was world changing technology that improved a lot of people's lives.

是的，也出现了一些糟糕的东西，比如社交媒体简直一团糟，但其他一些东西却极大地改善了人们的生活。

Yes, was some shit things that came out of it too, like social media has just been terrible, but other things have improved people's lives immensely.

对吧？

Right?

那么，加密货币未来也会是这样吗？

So is the same gonna be true for crypto going forward?

我相信以太坊会是这样。

I believe it will be true for Ethereum.

我不确定其他加密货币会怎样。

I don't know about the rest of crypto.

至于其他加密货币，我非常看空。

Like, I'm very bearish on the rest of crypto.

但对于以太坊，我一直认为，从长远来看，它将改变世界。

But for Ethereum, I do think that as I always have, long term, it's gonna change the world.

从长远来看，它将成为世界的基础组成部分。

Long term, it's gonna be a staple of the world.

它将取代现有的金融体系。

It's going to replace the existing financial system.

所有传统金融界的人似乎也这么认为。

And all the TradFi people seem to think this as well.

这些是参与以太坊的人。

This the ones involved with with Ethereum.

是的。

Yes.

他们想保护自己的利益，但仍然看到了趋势所在。

They wanna protect their own motes, but still they see the writing on the wall.

这就是我对这个问题的看法。

So that's my kind of way of thinking about it.

而且，是的，我也持有不同的立场，因为我很早就进入了加密货币领域。

And yes, I have a different stance as well because of the fact that I entered crypto really early.

我在加密货币上赚了不少钱。

I've done very well with crypto.

由于我这些年已经套现了很多（不是我的ETH，而是其他币种），我对很多事都已免疫。

I'm insulated from a lot of this stuff because I, you know, cashed out a lot over the years, not my ETH, but other things.

但别误会，当以太坊像这样剧烈波动时，依然会让人感到痛苦。

And don't get me wrong, when ETH swings like it does like this, it still hurts.

但我一直说，对我而言，以太坊是一项长达数十年的投资，但即便如此，看到它波动还是让人难受。

But I've always said that ETH for me is a multi decade investment, but it still hurts.

毕竟，看到自己的净资产在如此短的时间内剧烈波动，实在不是什么好事。

Like, doesn't it's not nice to see my net worth, fluctuate so so violently in such a short period of time.

不过，是的，我确实把很多加密货币以外的资产变现了，因为我已经获利了。

But, yeah, I I did take a lot of kind of assets outside of crypto because I took profits.

我确保保护好自己，隔绝这些可能引发的剧烈情绪波动。

I I I made sure to protect myself and insulate myself so I wasn't subject to these just really volatile emotions that can that can happen.

所以，这就是我想给你们的建议。

So that's my advice to you guys.

这并不是财务建议。

It's not financial advice.

这只是一些通用的建议。

It's just like general advice.

别一直盯着图表看。

Don't stare at charts all the time.

别把情绪和你最喜爱的资产价格波动挂钩。

Don't attach your emotions to whatever the price of your favorite asset is doing.

别过度投资。

Don't overinvest.

对吧？

Right?

别把所有钱都押在一件事上，然后当它下跌时，你抓狂到想扯头发；或者像我一样秃头，想扯却扯不到头发，只会把自己逼疯。

Don't put all your money into one thing and then that one thing goes down and you're pulling your hair out or if you've got no hair like me, you kind of just like trying to pull your hair out and not finding anything and just driving yourself crazy.

这不好。

It's not good.

这对你的健康不好，对你的心理健康也不好。

It's not good for your health, not good for your mental health.

我希望你们中没多少人正遭受这种痛苦。

And I hope that, you know, not too many of you are suffering from that.

我知道有些人确实如此，我理解，也明白你们需要去适应他人的影响。

I know some people are and I get it and I get the the need to kind of cope with other people.

我懂的，朋友们。

I get it guys.

我真的完全理解。

Like, I totally understand.

我只想说，从长远来看，这并不健康。

All I'm saying is that it's not healthy long term.

真的一点都不健康。

It it really isn't.

相信我吧。

Take it from me.

你们这些年都看过了我的经历，朋友们。

You've seen my journey through this over the years, guys.

你们也看到过，某些时候它对我造成了多大的影响，我有多严重的倦怠。

You saw how badly it got to me at certain points, how badly I got burnt out.

这一切都源于此。

It it all it's all from this.

自从我退后一步，减少了投入的时间，我感觉好多了，尤其是在我的健身旅程上。

And since I've taken a step back, since I've kinda cut down my time, I am feeling a lot better, especially with my my fitness journey too.

这非常重要。

Like, that's a very important part.

比如，不要每天看价格，不要一早起来就查，也不要一直刷加密货币推特，诸如此类的事情。

But just like not looking at the price every day or not checking it first thing in the morning, not being exposed to crypto Twitter all the time, like that sort of stuff.

这确实会对你的心理产生影响。

It definitely has a change on, on your psyche.

我强烈推荐给任何想摆脱困境的人，因为我曾经也身陷其中。

And I highly recommend it to anyone who wants to get themselves out of any holes they find themselves in because I've been there.

我也经历过，兄弟们，我懂你。

I've been there guys, I'm with you.

我只是希望你能走出那个困境。

Just want you to come out of that hole.