巨大的加密抑鬱症：行業如何失去自己的方式，以及是否可以重新發現其理想主義以使自己的魔力恢復原狀

對於那些在早期時代中年齡來的加密粉絲來說 - 回到比特幣要去銀行貨物，沒有銀行賬戶並停止所有戰爭，甚至在ICO繁榮期間，當碳信用額和破壞牙科時，隨著財務的未來，比特幣時期是在ICO繁榮時期的，這 - 最後幾年都令人難以置信的令人沮喪。

For crypto fans who came of age during earlier eras – back when Bitcoin was going to bank the unbanked and stop all war, or even during the ICO boom when tokenizing carbon credits and disrupting dentistry were touted as the future of finance – the last couple of years have been incredibly depressing.

對於那些在早期時代成年的加密粉絲來說 - 回到比特幣要去銀行貨物，沒有銀行賬戶並停止所有戰爭，甚至在ICO繁榮期間，當碳信用額和牙科的破壞時，隨著財務的未來，這是一個令人難以置信的令人沮喪的。

On the one side, some Bitcoiners who used to want to smash the unfair financial and banking system now cheer the world’s biggest banks and governments for gobbling up an increasing percentage of the supply.

一方面，一些曾經想粉碎不公平金融和銀行系統的比特幣現在為全球最大的銀行和政府加油助威，以彌補供應量的越來越多。

And on the other side, there’s the financial nihilism of memecoin trading, where nothing of value is built or created – just a production line designed to extract as much cash as possible from retail. The vast majority of Pump.fun users, 99.6%, haven’t even made $10,000 on the site.

另一方面，有紀念品交易的財務虛無主義，那裡沒有建造或創造價值 - 只是旨在從零售中提取盡可能多現金的生產線。絕大多數泵。 FUN用戶（99.6％）甚至沒有在網站上賺取10,000美元。

Ethereum creator Vitalik Buterin has always believed crypto can make the world a better place but seemed to have a crisis of faith back in February about where the industry was headed.

以太坊的創造者維塔克·布特林（Vitalik Buterin）一直認為加密貨幣可以使世界變得更美好，但似乎在2月對行業的前進方向遇到了信心危機。

“Do I feel good when I hear people from crypto twitter and VC firms telling me that PvP KOL degen casino that’s money-losing for >99% of its own users is the best product market fit that crypto is going to get, and it’s ‘condescending and elitist’ to wish for something better?” he asked.

“當我聽到Crypto Twitter和VC公司的人們告訴我，PVP KOL DEGEN賭場（以少99％的用戶為單位）是Crypto將要獲得的最佳產品市場，這是“居高不下和精英人士”希望獲得更好的產品嗎？”他問。

So how did crypto lose its way, and does the industry need to rediscover idealism and big dreams to get its mojo back?

那麼，加密貨幣是如何迷失方向的，該行業需要重新發現理想主義和大夢想才能使自己的魔力恢復嗎？

Peace, love and crypto’s anarcho-capitalists

和平，愛與加密貨幣主義者

The early days of crypto were infused with a much greater sense of purpose than today, says Scott Melker, better known as the Wolf of All Streets.

斯科特·梅爾克（Scott Melker）說，加密貨幣早期的目的感比今天更有目的感。

“Early cypherpunks were true libertarians who deeply believed that money and the government were broken and that Bitcoin and blockchain technology could fix them,” Melker tells Magazine.

梅爾克對雜誌說：“早期的cypherpunk是真正的自由主義者，他們深信資金和政府被損壞，比特幣和區塊鏈技術可以修復它們。”

Those who clocked up many hours in IRC channels in the early days will recall the passionate arguments that raged between the crypto-anarchists and the leftists, not to mention the endless flames wars on forums like Bitcointalk.

那些在早期在IRC頻道上播放了很多小時的人會回想起加密黨派人士和左派人士之間激烈的爭論，更不用說像BitCointalk這樣的論壇上無盡的火焰大戰了。

According to Melker, the crypto-anarchists, such as the founders of Bitcoin and early miners, were driven by a vision of a decentralized society free from government control. They saw Bitcoin as a way to create a parallel financial system that would give individuals the power to opt out of the existing system.

根據梅爾克（Melker）的說法，像比特幣和早期礦工的創始人一樣，加密貨幣主義者是由一個不受政府控制權的分散社會的願景所驅動的。他們將比特幣視為創建平行金融系統的一種方式，該系統將使個人能夠選擇退出現有系統。

“On the other hand, the leftists were interested in using blockchain technology to solve social and economic problems such as inequality, poverty and environmental degradation,” he says. “They saw crypto as a way to create a more just and sustainable world.”

他說：“另一方面，左派人士有興趣使用區塊鏈技術解決社會和經濟問題，例如不平等，貧困和環境退化。” “他們將加密貨幣視為創造一個更公正和可持續的世界的一種方式。”

Both groups were united in their belief that crypto had the potential to fundamentally change the world for the better.

兩組都團結一致，認為加密有可能使世界變得更好地改變世界。

Among the early crowd were also a small number of socialists, who saw crypto as a way to create a more equitable society. They were particularly interested in the potential of decentralized autonomous organizations (DAOs) to give workers control over the means of production.

在早期的人群中，還有少數社會主義者，他們將加密貨幣視為建立更公平的社會的一種方式。他們對分散自治組織（DAOS）的潛力特別感興趣，以使工人控制生產資料。

“It is a testament to the technological prowess and promise of this nascent asset class that all of these philosophies saw elements of what they cared about in the decentralized protocol technology, because it was flexible enough and powerful enough to build anything on top of it despite the fact that the protocols started very simply with a blockchain, a smart contract and a token,” adds Bitfinex chief technology officer Paolo Ardoino.

“這證明了這種新生資產類別的技術實力和希望，所有這些哲學都看到了他們在分散協議技術中所關心的內容的要素，因為它足夠靈活，足夠強大，足以在其上構建任何事實，儘管協議以非常簡單的範圍開始，這是一個非常簡單地開始了一個聰明的合同，智能合同和象徵，” Bitfine of bitfine of bitfine capito ando ando ando ando ando ando ando ando ando arodo arodo arodo arodo arodo arodo arodo arodo ardo。

“It is also interesting to note that, despite the fact that there were more pressing issues at hand, such as the global financial crisis and climate change, these early adopters chose to dedicate their time and energy to developing this new technology that they believed in wholeheartedly.”

“還有趣的是，儘管手頭上還有更多緊迫的問題，例如全球金融危機和氣候變化，但這些早期採用者還是選擇花費時間和精力來開發這項全心全意地相信這項新技術。”

However, Ardoino says that while there are still plenty of true believers building in crypto today, their idealism has been “overshadowed by speculation.”

但是，阿多利諾說，儘管當今的加密貨幣仍然有很多真正的信徒，但他們的理想主義“被猜測掩蓋了”。

“From the beginning, blockchain was about financial inclusion, self-sovereignty and breaking free from the limitations of the traditional financial system,” he explains. “But as the market grew, speculation took center stage, and for many, crypto became just another casino rather than a tool for empowerment.

他解釋說：“從一開始，區塊鏈就是關於金融包容性，自我主張和擺脫傳統金融體系的局限性的原因。” “但是隨著市場的發展，人們的猜測是中心階段，而對於許多人來說，加密貨幣只是另一個賭場，而不是賦予能力的工具。

“We’ve seen this shift in the types of coins and projects that are being developed and funded. Where once the focus was on innovation and solving real-world problems, now the emphasis seems to be on quick profits and exploiting market trends.”

“我們已經看到了正在開發和資助的硬幣和項目類型的轉變。一旦重點放在創新和解決現實世界中的問題上，現在重點似乎是在快速利潤和利用市場趨勢上。”

The ICO era was 99% memes, but 1% pure gold

ICO時代是99％的模因，但1％純金

Yet, both idealism and mercenary financial speculation have existed side by side throughout crypto’s history. In many ways, the initial coin offering boom in 2018 foreshadowed the memecoin frenzy, given many projects were little more than a half-baked idea (or meme) spun into a white paper and presentation that earned millions.

然而，在加密貨幣的歷史中，唯心主義和僱傭軍財務投機都並排存在。從許多方面來說，2018年最初的硬幣提供了繁榮，預示了Memecoin Frenzy，因為許多項目僅超過了一個半熟的想法（或模因），旋轉成白皮書和呈現，並贏得了數百萬美元。

It was often cynical and exploitative, with many ICO founders frittering the money away before they’d even built a minimal viable product. ICO mills sprung up to

這通常是憤世嫉俗和剝削性的，許多ICO創始人在建造最小的可行產品之前就浪費了錢。 ICO Mills突然出現