I think Binance has now become the evil dragon that dominates the crypto world, shrouding everything. Everything is closely related.

I am not cursing; I am making a structural judgment.

BN's current role is no longer as a "participant," but as:

Rule maker + Traffic gatekeeper + Resource allocator

Hype explosion → BN empowers apx → apx evolves into aster

Pump explosion → BN empowers form → 4444 token

OK wallet explosion → BN non-custodial wallet

(Innovative Binance Alpha is truly great, benefiting retail investors and encouraging newcomers)

This is not a coincidence, but the standard behavioral path of platform giants:

✅

Market validation complete

✅

Risks have been borne by the community

✅

BN then steps in to "harvest innovative results"

BN does not do 0→1, only 1→100

Although there is a saying that if you can't beat them, join them, but!!!

Preface: "This is understandable; everyone fears being eliminated."

From BN's perspective:

The scale is too large, the cost of trial and error is extremely high.

Regulatory pressure is enormous, and new paradigms cannot be casually tested.

Once a failure occurs, it implicates the entire ecosystem.

From our perspective:

There are only so few people at the top of BN, and their thinking can become rigid.

The same set of successful experiences.

The same profit path.

❌

But it is difficult to self-revolutionize.

"Only when newcomers grow up can there be innovation"—this is the true underlying logic of the crypto world.

The thinking of the old is fixed.

Newcomers have no burdens.

Newcomers dare to take risks.

Newcomers are not afraid of failure.

As a leading giant in crypto, can we not compete for others in the existing market, maintain our own scale, and then explore new routes?

Does BN want to continue being

"The Tencent of the crypto world"

or

"The SpaceX / OpenAI of the crypto world"?

What you are doing now is leaning towards the former @CZ @Yi He

but we look forward to you leading us to set sail, hoping to become the latter!

Postscript

When a dynasty reaches its end, even if the founding emperor leads his all-star lineup, it cannot return to the past; the roots are entangled, and the roots are confused. The chain of interests is intricately linked.

The only truly feasible solution is to start anew, reestablishing a banner as the opposing king.