Ko笔记

闲的蛋疼

[Ko笔记 @Crypto101Q]

@luoyonghao 骂的好，别惯着傻x

[Ko笔记 @Crypto101Q]

看到有人发帖，说潘石屹夫妇美国投资亏损几百万美金，未进入上流社会等等.这是佃户操心地主的生活，闲的蛋疼！

[Ko笔记 @Crypto101Q]

想买车的朋友，一定要去试驾一下特斯拉，我上周刚去试驾了，感觉油车和特斯拉就是诺基亚和 iPhone的差别，一个时代来了！

[Ko笔记 @Crypto101Q]

没人在乎发音，能听懂就行。如果你不再纠结发音，你的英语就会飞速提升。

[Carlos @abc202402]

请教各位：

Gemini究竟是读「gemi耐」还是「gemi尼」啊？

[Ko笔记 @Crypto101Q]

@btc690000 你再想想，是不是韭菜熟了？天下没有免费的火锅！

[Ko笔记 @Crypto101Q]

Crcl这只股票，有人说它被低估，有人说它被高估，我感觉它很像早期的特斯拉: 愿景很美好,一旦成功就是星辰大海; 但风险也很大,确定性不高,更像是一笔风险投资。
不过目前这个价格,就算亏损也可能有限。
大家怎么看?

[Ko笔记 @Crypto101Q]

@momoGZ0412 就这智商，就别维权了！

[Ko笔记 @Crypto101Q]

@btc690000 你再想想，是不是韭菜熟了？天下没有免费��火锅！

[Ko笔记 @Crypto101Q]

@EW6048167368 应该没有，大家都是既买特斯拉，又买 spaceX，永远不发愁钱从哪来。

[Ko笔记 @Crypto101Q]

I've just registered for the xPoints rewards program and unlocked a permanent 20% points boost. Join me @xStocksFi

[Ko笔记 @Crypto101Q]

都是币圈老人了，怎么还是判断短期价格呢？这么说非常幼稚！就跟23年跌到1万五一样，难以预料。

[Ko笔记 @Crypto101Q]

#百万美元成长计划 女儿今年21岁了，目前在上大学，去年开始利用暑假和周末的时间做part-time, 我昨天问她，有多少存款了？她说有9千多欧，很惊讶能存这么多，和她讨论了一下投资，建议她拿出5000欧投资，买crcl和btc，她听取了我的建议，目前持仓30股crcl,她买的是crclx代币，还有0.05的btc，加上19年我用她的压岁钱买的0.15比特币，目前总持仓0.2btc➕30 crclx，目标是在她40岁时资产达到100万美元，目前的五年目标是资产到达10万美元，我们一起努力！

[Ko笔记 @Crypto101Q]

为什么ETH以太坊涨不动了？——估值逻辑的崩塌与平庸化
一、 核心逻辑变了：从“信共识”变成了“算账”
以前以太坊能涨，是因为它走的是跟比特币一样的路子。大家拼的是共识，信的人越多，币价就越高。那时候它是 PoW 机制，挖矿是有真金白银的硬件和电费成��在里面撑着的，每一个币都“重”。
结果呢，它非要改成 PoS。这一改，大家看它的眼光全变了。大家不再看你有多少人信，而是开始盯着你这个链每年的收入是多少、销毁了多少、是不是通缩。
二、 估值模型尴尬：成了“高市盈率”的垃圾股
现在大家给以太坊估值，用的是 PE（市盈率）模型。
• 原来： 转 PoS 那阵子，大家预期它会进入大通缩，所以愿意给它高估值。
• 现实： 随着现在手续费越来越低，以太坊根本通缩不了多久，现在又开始通胀了（一天多出 2000 个币）。
• 结论： 按照 PE 算账的话，以太坊现在的收入根本撑不住现在的价格。在股民眼里，这就是一个“业绩下滑、还在不断增发”的公司，那价格肯定是被高估了，当然涨不动。
三、 成本没了：PoS 基本上就是“白嫖”
PoW 挖矿那是实打实的投入，没到那个价矿工不舍得卖。
但 PoS 对持币人来说，除了点时间成本，几乎是零成本拿币。没成本就没有支撑，大家卖起来也不心疼，这跟原来那种有挖矿成本支撑的逻辑完全是两回事。
四、 竞争太卷：从“唯一”变成了“其中之一”
一旦你放弃了那种类似比特币的“共识光环”，去走什么“产品路线”，那你的麻烦就大了。
因为做产品的太多了。索纳娜（Solana）、BSC、还有各种一级链，功能跟你大同小异，速度比你快，费用比你低。以太坊现在不是不可替代的了，大家发现用谁都一样，那你凭什么值这么多钱？
用一句话总结ETH以太坊的未来: 狗屎，稀的。

[Ko笔记 @Crypto101Q]

@PublicRebe11ion @RestoreBritain_ Yes

[Ko笔记 @Crypto101Q]

@lurker788228216 @RestoreBritain_ If blood is the only metric for Britishness, let’s have a look at the Royals, shall we? They’re basically German (Saxe-Coburg and Gotha) until you go back far enough. Following your reasoning, should the King apply for German citizenship just so he can finally be 'authentic'?

[Ko笔记 @Crypto101Q]

This is equivalent to Republicans telling Elon Musk, "You're not an American!"

[Restore Britain @RestoreBritain]

A British passport doesn’t make you British.

[Ko笔记 @Crypto101Q]

Why Ethereum Can’t Rally: The Collapse of Valuation Logic and the Path to Mediocrity
I. The Core Logic Has Shifted: From "Consensus" to "Accounting"
In the past, Ethereum could pump because it followed the same path as Bitcoin. It was all about consensus—the more believers, the higher the price. Back in the PoW (Proof of Work) era, mining required real-world capital—hardware and electricity—to back it up. Every coin felt "heavy" with tangible value.
Then, they insisted on switching to PoS (Proof of Stake). This changed everything. People stopped looking at how many people believed in it and started staring at the balance sheet: annual revenue, burn rates, and whether it was deflationary.
II. An Awkward Valuation Model: The "High P/E" Junk Stock
Investors are now valuing Ethereum using the P/E (Price-to-Earnings) ratio model.
• The Expectation: During the transition to PoS, everyone expected massive deflation, which justified a premium valuation.
• The Reality: As transaction fees plummet, Ethereum’s deflationary periods are short-lived. It has returned to inflation (roughly 2,000 new coins added daily).
• The Conclusion: Based on P/E accounting, Ethereum’s current revenue cannot support its price. In the eyes of a stock investor, this is a company with "declining earnings and constant dilution." It’s overvalued, so naturally, it can’t rally.
III. The Vanishing Cost Floor: PoS is Basically "Something for Nothing"
PoW mining required a massive, literal investment. Miners wouldn't sell below a certain price because they had costs to cover.
With PoS, stakers get new coins at virtually zero cost, aside from the time involved. Without a cost floor, there is no structural support. People don't hesitate to sell because they aren't "in the red" on production costs. It’s a completely different logic than the mining-backed era.
IV. Brutal Competition: From "The One" to "Just One of Many"
Once you abandon the Bitcoin-style "Consensus Halo" to pursue a "Product Roadmap," you’re in deep trouble.
The product market is oversaturated. Solana, BSC, and various Layer 1s offer similar functionality but are faster and cheaper. Ethereum is no longer irreplaceable. Users have realized that other chains work just as well—so why should ETH be worth so much more?
V. The Future of ETH: Absolute Crap!

[Ko笔记 @Crypto101Q]

In the crypto world, from its inception to the present day, the only truly practical application has been stablecoins. Among them, USDC stands as the largest compliant stablecoin. If you missed out on Bitcoin, don’t miss out on CRCL.