The crypto industry thrives on: 1) The decentralized geek spirit that firmly believes 'Code is law'; 2) The crypto long-termism that trusts 'Hodl and you'll get Rich'; 3) Sticking to the value creation path driven by build and technological innovation. The crypto industry declines because of: 1) Obsession with pure MEME speculation under the enslavement of the attention economy; 2) Worship of the fake Degen Trader culture that shouts while selling and retreats flexibly; 3) A purely casino-like ecosystem relying on quantitative games and algorithmic manipulation. That's all. I'm talking about the 'crypto industry.' Retail investors don't need so many rules—just surviving is enough !