Reflections: Writing on the Pizza Night when Bitcoin Returns to a New High Since 2018, my wife and I (who were still girlfriends at the time) have been ordering two pizzas every May 22nd, and this year is no exception. In my family, this festival is about as important as the Loong Boat Festival. Anyway, it's all about eating 😂。 It's just that Bitcoin went from $8000 to $112000 all the way, to be honest, sometimes I can't believe it myself. I feel like I'm being brainstormed in some kind of hacker empire. I used to fantasize about how Bitcoin would return to $20000 and break through $100000, but now they have all come true and I have managed to hold onto many of them. There are not many "die hard believers" of Bitcoin on Twitter today, especially compared to earlier years. I don't consider myself a pure evangelical either. There are too many distractions in the middle, but I can barely count as half. General, don't chase the little rabbit when you're on your way. "I know, but I can't do it 🥲 Speak the truth. Today, many people are turning to the Bitcoin Singularity Theory—— When the inflation rate of Bitcoin is lower than the inflation rate of the US dollar, no coiner's wealth will never catch up with coiner. Actually, I am not a 100% fan of this theory. Although this may be a true gospel, especially if you saw this theory in 2019. Because I have come into contact with some religious figures before, they always try to coax and scare me. If I don't join the religion, what will happen in the event of a major disaster in the future. I don't like this kind of coaxing and scaring, I like to be persuaded from the bottom. For example—— My favorite blogger used to be called BTC Sniper, who was from the Weibo era. I don't know if he came to Twitter. Due to many people's non-standard Mandarin, Gun Ge was gradually called Chicken Brother. He is skilled in the underlying technical theory of Bitcoin, especially in terms of scalability. He has been in a fierce battle with experts such as Jiang Zhuo'er and Chang Yong in the field of technology. At that time, there were no yaps, nor was it to drive traffic, nor was there a demand for advertising, nor was it to establish accounts, but simply to fight for one's own beliefs. And Chicken Brother, even an anonymous account, doesn't care about fame and fortune, just focuses on researching Bitcoin. Let's reminisce about a few of his classic theories together. For example: The greatest value of Bitcoin has never been electronic cash. There is no shortage of fast, low-cost, and insecure electronic cash in the world, but there is a lack of a financial system that everyone can supervise and repair at a low threshold. This is the most unique value of Bitcoin, its biggest advantage, and one of the pain points that the world needs to solve most For example: "We must find out what the core value of Bitcoin is, that is, security, security, or his mother security." And also: Mining has always been a means, users and ledgers are the ultimate goal, "which is why those" computing power determinists "have suffered a crushing defeat. They think that mastering computing power is power, and with computing power, they can do whatever they want, but they don't know that they are just employees of the system. When the public lacks confidence in them, they are actually nothing. In the Bitcoin system, users are the masters, not miners or development teams. ” There is another judgment that seems very correct now: The market value proportion of Da Bing will definitely decrease, but the gap with the market value of the vast majority of currencies will also widen. The decrease in BTC market value proportion is not because 'other competing currencies can challenge Da Bing', but because 'there are more and more miscellaneous fish'. ” PS: Thank you to Jinma for organizing the materials, otherwise I wouldn't have found them so easily. These theories are like steel stamps of thought deeply engraved in my heart. This is also the most important reason why I was able to obtain Bitcoin today. Although many people believe that faith is pulled out But its ability to be pulled up indicates that it is self consistent at some stage And it's a mass level self consistency After all, the market contains the sum of all information Nowadays, Bitcoin has become a strategic reserve for the United States, with stablecoins defeating CBDCs, large companies wanting to issue RWAs, and Bitcoin even becoming the legal tender of some countries. I really want to say: Ah, Brother Chicken, this prosperous era is as you wish (just kidding). Off topic However, I would like to say that faith needs to be regularly supplemented The initial beliefs all came from pulling them out But the growing faith It will also be slowly unloaded by the decline easy come easy go So, you need to truly recognize the value of Bitcoin from the bottom up Do you believe that the greatest PoW system in this world is extremely stable Stable enough to travel through time Can cross the questioning of stock gods Can cross the presidential term Can transcend all delusions, panic, and excessive praise Replace frivolous pursuit with true faith Peak attracts false support, while dusk witnesses true believers. Happy Pizza Festival, family!