Isn't it the end of the month again? It's time to submit invoices for reimbursement at the company, and the thing I dislike the most is doing this. Clearly, everything is now in PDF e-invoices, and it should just be saved directly as a digital version. Yet the finance department insists that I print it out and stick it with glue, and then she manually verifies its authenticity in the tax system one by one, making it extremely troublesome.
What era are we in now? Things that can clearly be digitalized are still forced into manual work due to the lack of interoperability between systems. While washing the glue off my hands, I suddenly realized, isn't this the current state of our Web3? The "trust gap" between chains, having to prove oneself anew everywhere.
Understanding this pain point clarifies what @SignOfficial is doing. While most projects are still burning money through storytelling, Sign is quietly making real money.
In 2024, its TokenTable achieved a real revenue of $15 million—an increase of nearly 9 times year-on-year, processing over $4 billion in token distributions, serving 200+ projects and over 40 million addresses. The team even used the profits to purchase $10 million in BTC as reserves; this is genuine B2B cash flow.
Making money is just the beginning; it is laying the groundwork for the S.I.G.N. sovereign architecture. This dual-layer design is extremely pragmatic: the outer layer public blockchain is responsible for transparent auditing; the inner layer is a Hyperledger Fabric X private network, with over 200,000 TPS, featuring namespace isolation and Arma BFT consensus, specifically customized for sensitive operations like CBDC.
Sign uses ZK proofs to bridge data, allowing the government to maintain compliance control, while citizens retain data sovereignty through SSI and W3C credentials.
Look at the case in Sierra Leone: 73% of the population has an identification number, yet only 5% have a physical card, resulting in 66% being excluded from finance, and 60% of farmers unable to receive digital subsidies. The digital ID and wallet provided by Sign have become a "digital lifeboat" bridging the gap in reality. Additionally, the CBDC collaboration in Kyrgyzstan is also progressing steadily. #Sign地缘政治基建
Compared to the Ethereum-centered EAS, Sign is the real full-chain route, supporting EVM, Solana, TON, and other multi-chain proofs for one-click reuse. The storage model encompasses on-chain, off-chain anchoring, and hybrid ZK disclosures. This not only accurately prevents witch hunts and supports RWA compliance but also paves the way for programmable capital.
Stepping out of the DeFi small circle, Sign is redefining the trust layer of Web3 with real income, institutional-level architecture, and national-level implementations. $SIGN
The whole network is hyping $SIGN's tens of millions in revenue, but it reminds me of LUNA back in the day.
Recently, every time I open Binance Square, the screen is full of discussions about @SignOfficial . I participated in the creator event, and to be honest, I'm a bit numb to it all. Everyone keeps discussing: '2024 real revenue of 15 million USD', 'YZi Labs leading the investment in two rounds with significant amounts', 'sovereign countries like Abu Dhabi and Kyrgyzstan are using this', everyone is looking for new angles, but there is only so much content. To be honest, this combination of 'real income + real-world implementation + top-tier institutional endorsement' has no drawbacks. For friends who have experienced the last bull and bear market, doesn't it sound a bit familiar?
While everyone is focusing on the new narrative, I found that @SignOfficial took a completely different path: earning real money honestly. While most projects are still burning cash by selling tokens, TokenTable under Sign achieved a real revenue of 15 million dollars in 2024, with a nearly 9-fold year-on-year growth.
It has become the "Goldman Sachs Capital Table" in the industry: handling over 4 billion dollars in token distributions, serving 200+ projects and over 40 million addresses. The team even used profits to buy 10 million dollars in BTC as reserves. This is not a concept; it is a B2B cash flow validated by the market.
Making money is just the beginning; it is quietly laying out the next layer of infrastructure: the S.I.G.N. sovereign architecture. It adopts an extremely pragmatic dual-layer design: the public blockchain is responsible for transparent auditing; at the same time, it has built a Hyperledger Fabric X private network, with over 200,000 TPS, specifically tailored for privacy-sensitive financial operations like CBDCs.
Sign uses ZK proofs to bridge public and private data, allowing the government to maintain compliance control, while ordinary people can retain data sovereignty through SSI.
Look at a real case: Sign has reached a cooperation with Sierra Leone. 73% of the country's people have identification numbers, but only 5% have physical cards, leading to 60% of farmers being unable to receive digital subsidies. The digital ID and wallet provided by Sign have directly become the "digital lifeboat" that crosses the gap of real identity. In addition, the CBDC cooperation with Kyrgyzstan is also making tangible progress. #Sign地缘政治基建
Technically, compared to Ethereum's centralized EAS, Sign is taking a truly full-chain approach. It supports EVM, Solana, TON, and other multi-chain proofs for one-click reuse, with flexible storage models. This not only accurately prevents witch hunts and ensures compliance but also paves the way for programmable capital.
Stepping out of the small circle of DeFi mutual destruction, Sign is redefining the underlying trust of Web3 with real income, institutional-level architecture, and national-level implementation. This may be the necessary path for the crypto industry to exit the cycle and connect with reality. $SIGN
My friend swiped the wrong photo, which made me realize why its biggest trump card is 'the country dares to use it'
Brothers, I met up with friends at a café over the weekend, and an incident occurred that made me extremely embarrassed, even breaking out in a cold sweat. At that time, I had a particularly funny meme saved on my phone, and I casually handed my unlocked phone to my friend across the table to take a look. As a result, after he finished looking, he accidentally swiped left in the album. In that moment, my heart rate shot up to 180! Because the next photo was exactly a screenshot of various wallet mnemonic phrases and bank card passwords that I had saved in my notes. I snatched the phone back, and the situation became extremely awkward.
Binance Australia's 10 Million Fine Enlightenment: Traditional KYC Pain Points and the Potential Role of Sign Protocol in Compliance
Brothers, there was news yesterday, March 27, that the Australian Securities and Investments Commission (ASIC) issued a fine of 10 million Australian dollars to Binance's Australian derivatives entity. It seems that there was already a fine of 13.1 million before, which is equivalent to the second time. I dug into the reasons and found that there was an error in client classification. During the period of 2022-2023, a large number of retail investors were incorrectly labeled as 'professional/wholesale investors', leading them to access high-risk derivative trading that should have been protected.
I think this incident exposes the typical pain points of the traditional KYC and investor classification system: a heavy reliance on static databases, manual reviews, and self-certification processes. When the platform scales up, insufficient employee training, system oversights, or human errors can easily occur, ultimately resulting in regulatory penalties and user losses.
Brothers, the bill known as the "CLARITY Act" that claims to decide the fate of cryptocurrency in America has once again gotten stuck in the Senate!! #美国加密法案再次遇阻
Where is it stuck this time? Let me break it down for everyone: Crypto giants like Coinbase hope to allow stablecoins to distribute some interest and returns to users. Sounds familiar, right? Isn't it just like when we deposit in fixed or current accounts at the big five banks???
This move will definitely slice the traditional banking cake, so the lobbying teams behind the banks are getting anxious, trying every means to stop it. Why? Because they are worried that once this door opens, a portion of the people's deposits will flow out to Web3.
Watching these people delay and delay, I feel almost numb. Every day they want this and that, it's so annoying. Just give a straightforward result; if it can pass, let it rise, and if it can't pass, it will also be bad news.
Faced with the possibility of traditional funds entering and the sovereign-level landing demand, @SignOfficial no more meaningless PPTs, just directly pulling out three technical trump cards:
The first card: S.I.G.N. dual-track system. Many sovereign countries and large institutions want to embrace Web3 but are afraid to fully disclose their data. The optimal solution given by SIGN is: keep core sensitive data securely stored locally while outputting immutable cryptographic certificates to the global public network. This is also why Kyrgyzstan's CBDC and Abu Dhabi's government system are willing to directly connect to its underlying technology. #Sign地缘政治基建
The second card: the ruthless Hook contract. The complex business and regulatory conditions in reality have all been transformed into smart contract code at SIGN. For example, directly setting that "only compliant users can receive returns" on-chain. Once an account is found to be non-compliant, the system does not require manual approval; it automatically triggers Clawback to reclaim the funds. This completely eliminates the inefficiency and loopholes of traditional manual review.
The third card: the "full-chain trust routing" that connects the entire network. In the face of the future fragmentation of global asset cross-chain, SIGN is building a universal certificate network for cross-chain. In the future, no matter where your funds flow to on any chain, its compliance status and audit proof can be instantly verified across the entire network, with green lights all the way, allowing smooth passage. $SIGN
Cold thoughts on Binance's launch of XAUt: When RWA surges across chains, who will be the 'trust router' for Web3?
I don't know if everyone has noticed, but last night at 10 PM, Binance officially launched the tokenized gold XAUt issued by Tether. As the largest tokenized gold with a market capitalization of nearly 2.5 billion US dollars, I think its entry into the spot market at this time is a realization of the RWA+ risk-hedging narrative. This year, due to the fierce conflict between Iran and the US, everyone knows that in chaotic times, buying gold is the norm, and the price of gold has skyrocketed. Recently, because the Strait of Hormuz was closed and several countries sold off their gold reserves, the price experienced a significant correction. For friends in the crypto circle, previously, if there were only contracts, anyone wanting to hold gold without leverage had to pay a funding fee with a 1x contract. However, now, XAUt offers a very appealing 'crypto version of gold' option. Compared to buying traditional physical gold bars, this combination of 'gold + stablecoin' not only completely eliminates the high storage and transportation costs but also enables seamless trading 24/7.
Live rewards casually amount to 200,000U, is this money just blown in by the wind?
Seeing other bloggers on the square flaunting posts about receiving 199,980U in live broadcasts, I admit I was envious. I want to start a live stream too, I also want to receive 200,000U in rewards. If it doesn't work out, I could reward a friend 200,000U to pretend to be a big shot.
However, thinking about it makes me sadder; I simply don't have that much money, it's sinful!
Sigh, after some thought, live streaming isn't that easy. Others have built up over years, so let's just forget it. Let's focus on something practical, participate well in creator tasks, squeeze into the top 300, and get 100U; that's what I should be doing right now.
Speaking of @SignOfficial . It gives me the feeling that outside the noisy live show, a true credit fortress belongs to everyone.
From "identity tags" to "winning trust with proof"
I carefully explored the core value of the Sign Protocol, which lies in offering a decentralized proof mechanism, returning the trust assessment of the digital world to the logic of real individuals:
(1) True sovereignty of digital identity: In a changing online environment, data can create false prosperity through short-term operations, but the on-chain proof on Sign is an objective reflection of hard strength. Whether it's your past deep involvement in project experiences, your real ecological contribution, or every on-chain contract you sign, all are immutable credit endorsements. #Sign地缘政治基建
(2) Low-threshold credit accumulation: Ordinary users do not need to exchange high financial costs for attention. In the Sign protocol, you can steadily accumulate credit points through every real on-chain interaction and every valid identity verification.
(3) Cross-scenario value transfer: Many isolated interaction heats dissipate, but the trust network you build on Sign has natural interoperability, allowing for transfers across protocols and chains.
Rather than being envious of that ethereal number in someone else's live stream, it's better to pen down your own credit trajectory on Sign. When every action we take has authoritative digital proof, the confidence at that time might be stronger than carrying 200,000U in your pocket. $SIGN
After translating the developer documentation, let's talk about the true technical barriers of $SIGN: Schema and Hook contracts
Brothers, as the creator tasks continue to progress, there have been more and more articles and posts chatting about various aspects in the square recently. I see many friends focusing their attention on 'earned 15 million US dollars in 2024', 'secured investment from YZi Labs', or staring at the K-line in front of them to find buying points. But to be honest, if we only see SIGN as a 'relatively profitable token issuance tool' or 'a target for pulling orders', then the perspective seems a bit small. Today I'm not talking about K-lines, not talking about institutions, not talking about investments; let's dig deeper and break down the underlying code logic of the Sign Protocol. After looking at their developer documentation, I have a feeling: the 'next-generation Chainlink' of Web3 may have already emerged.
The new book of #币安人生 CZ is about to be released, and I have to buy one to take a look. Even my big cousin said that all the royalty income will be donated to charity, so we are doing good deeds together.
I entered this circle in December 2017, which happened to be the year Binance was founded. I want to see what opportunities and challenges are in the eyes of my big cousin, and how they have walked step by step through it all. This is the history of Binance's development and also the youth of a retail investor like me.
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Creator's Daily:
This week, the founder of ADA, Charles Hoskinson, referred to it as "Midnight Week," and the mainnet has finally entered trial operation.
Many people in the square immediately reacted to the news saying, "Currently operated by nodes from Google Cloud, Vodafone, and other institutions," and started criticizing in the comments: There are only a few institutional nodes, isn't this centralization? What kind of Web3 is this?
Seeing such comments, as someone who has worked in physical engineering for over a decade, I can only shake my head in helplessness. In our construction circle, there’s a common iron rule: after a cross-sea bridge is completed, it’s absolutely impossible to let private cars run freely on the first day. It must be closed off first, with dozens of heavy engineering vehicles going back and forth to crush and test the stress; this is called "trial traffic acceptance." If you dare to finish it and open it directly, and something goes wrong, you will be in deep trouble.
In contrast, the current Web3 is so reckless that it’s frightening. Just piecing together a few lines of code and daring to launch the mainnet, calling it "decentralization," is in reality just letting retail investors use real money as "test subjects." Once a hacker robs it, they just push the blame onto code vulnerabilities.
I see that @MidnightNetwork is currently in Guarded Mode, and not only do I not feel disappointed, but I also feel reassured. This is the rigorous attitude needed for doing great things. Its current limitations are just like the load testing before the cross-sea bridge opens to traffic.
Look at who the first batch of bridge testers are! Google Cloud, Vodafone, eToro. #night
This is by no means an ordinary partnership platform. The chaotic era of Web3 has ended; these traditional giants are not interested in the little fees from trading dog coins. What they are really aiming for is the trillion-dollar gold mine of future RWA, enterprise-level settlements, and AI medical data.
The founder has invested 200 million dollars, not to hype a privacy coin, but to build an invisible highway that allows the old money of Wall Street to pass through safely. $NIGHT
Invested 3 million US dollars in arbitrage, yet Backpack wiped it out: How ridiculous is Web3's 'fully transparent ledger'?
Brothers, in the past few days on Binance Square and Twitter, everyone has seen the news about the Backpack airdrop witch, right? I checked the post of the big guy Meta Ape, and here's the specific situation: he put over 3 million US dollars in real cash into this exchange for arbitrage. What he did wasn't that kind of fake data with crazy trading scripts, but rather all real trading demands: spot-futures arbitrage, cross-exchange price differences, and capturing funding rates. To provide funding efficiency, he used multiple accounts, utilizing the KYC of his entire family. He even discussed this multi-account issue face-to-face with the project party and talked about his trading strategy.
#金价连续第十天下跌 Gold has been falling for ten consecutive days. Just when I was about to afford gold jewelry, our K-line chart master Mr. Trump stepped in and said to pause the attack, which caused gold to drop directly by $300, then rebound by $200. This roller coaster is too exciting, with trillions of dollars in fluctuations happening in a day like a game~~~truly a sight to behold.
Brothers, after witnessing this shocking washout in gold, my biggest feeling is that the 'consensus' in the traditional financial system is sometimes more fragile than a line of code.
Trillions of dollars in global safe-haven assets were twisted into emotional currencies by a politician's words. We often curse the manipulators in the cryptocurrency space, but looking at the global macro market, those who control the information gap and geopolitical hegemony are the biggest manipulators. This centralized power can easily strip away your wealth's purchasing power.
This is also why, after experiencing this round of macro market beatings, I have become even more convinced about the long-term prospects of @SignOfficial such "sovereign-level decentralized infrastructure."
While the price of gold crazily fluctuates with Trump's posts, $SIGN is doing something extremely tedious but absolutely hardcore—locking 'trust and rules' tightly on-chain using cryptography.
Everyone think about S.I.G.N.'s dual-track system: whether it's transforming public records for Abu Dhabi or distributing welfare for sovereign nations in the future, its underlying logic is 'identity verification + code execution'. #Sign地缘政治基建
A politician can cause a flash crash in gold prices with a single sentence, but no politician can alter the Attestation and distribution rules on the SIGN chain with just one sentence. Even if geopolitical situations become chaotic, the Clawback and full-chain audit trails written into the contract will still operate meticulously and will never be 'finally interpreted' by any individual.
Moreover, while traditional fiat currencies are being printed wildly and creating volatility, $SIGN made a whopping $15 million in 2024 with the real distribution business of TokenTable and spent $10 million in real cash to buy Bitcoin as reserves.
What do we call this? This is using a decentralized cash cow to hedge against the makeshift stage of the centralized world!
From 450,000 U to 1,000 U! Discussing the collapse of the metaverse 'ghost town'...
I just saw a set of data about the metaverse land for 2024 in the WeChat group, and I only have one feeling after reading it, four words: utterly miserable!!! Everyone in the group was lamenting, not knowing what was going on in their heads at that time, still rushing in. Let me show you, according to CoinGecko's data: the average price of metaverse plots in 2024 has pulled back about 72% from its peak. Among them, the well-known The Sandbox has dropped about 95%, Decentraland has dropped about 89%, and Otherdeed has dropped about 85%. The most eye-catching are those lands that were sold at high prices back in the day relying on 'celebrity neighbors.' In 2021, a virtual estate next to Snoop Dogg in The Sandbox was pushed up to about $450,000; now, at the base price, it’s only about $1,000, basically dropping back to a fraction.
SIGN Is this going to close the net? Today, the daily line directly showed a large bearish engulfing pattern, and just happened to be stuck near the resistance level of the previous high at 0.062.
Looking at this trend, I am very worried that it will follow in the footsteps of those previous plaza creator activity projects: taking advantage of the event to create a wave of hype, and then the main forces use the opportunity to continuously sell off, burying us retail investors who are optimistic about the fundamentals.
From a purely technical perspective, it is indeed frightening. But if we step out of the short-term K-line game, does this big game @SignOfficial really just aim to harvest this tiny activity traffic? Let’s not forget its trump card:
TokenTable has truly distributed 4 billion dollars, and has generated 15 million dollars in real revenue in 2024. Coupled with Sierra Leone's digital identity and the collaboration with Abu Dhabi, this kind of "national-level sovereign infrastructure" hardcore narrative, is it merely a facade to cover the main force's high-position selling?
However, no matter how grand the narrative, if it cannot be realized, it's just a pie in the sky! $SIGN What does the current price need to prove to the market in order to truly break through the previous high and take off?
(1) What proportion of that 15 million dollars in revenue can be used each month to continuously buy back SIGN on the market with real money? (2) When will the sovereign cooperation in the Middle East and Africa truly transform from news releases into real on-chain interactions? Can it generate hundreds of thousands of Attestation consumptions daily, making SIGN an indispensable essential fuel in national infrastructure?
If government cooperation forever remains at the MoU (Memorandum of Understanding) signing stage, if the nearly 18 million dollars of institutional unlock arrives on April 28 without real business consumption to absorb the selling pressure, will this proud "dual-track anti-corruption system" turn into a castle in the air?
Is the large bearish engulfing line near the previous high the ultimate wash before the main upward wave, or a charge signal for capital withdrawal? #Sign地缘政治基建
Let’s take a look at SIGN, which earns 15 million dollars a year and still invests in Bitcoin, is Web3 finally having a legitimate business?
Today, while watching the market, I reviewed several highly anticipated new and old L2 and cross-chain infrastructure, all starting with ST (I won't specify which ones), and seeing their recent trends makes me quite emotional. I habitually went to DefiLlama to check their on-chain data, and the comparison is quite intuitive: these projects have FDVs often exceeding tens of billions of dollars, but if you look at the actual daily protocol fee income, some only make a few thousand dollars, which is even insufficient to cover early development costs. It seems there is a reason why people outside criticize web3 as being a bubble.
In 2023, many old-timers in the crypto space still remember the wave of Bitcoin inscriptions. During that time, inscriptions were incredibly profitable, and everyone stayed up late to work on them.
I recall that as the number of transactions in the memory pool increased, the transaction fees were almost changing every second, which was particularly alarming. To grab a popular inscription, one had to pay exorbitant transaction fees. Those fees represented a real loss, and over time, it accumulated into a significant cost.
Thinking back to that crazy time, I suddenly came to a very realistic realization: although it’s the Bitcoin ecosystem, just one inscription can lead to a surge in transaction fees. How could Web3 possibly handle real, large institutional funds in the future?
Imagine if you were the CFO of a multinational corporation, having prepared the IT budget for the whole year, ready to move business settlements onto the blockchain. But then, because of a single inscription next door, your company’s transfer costs skyrocketed several times today! How do you account for that?
Costs are completely uncontrollable; the old money of Wall Street and traditional industries would never dare to join retail investors in playing this Russian roulette.
Seeing through this absurd pain point, you can understand how strong Cardano’s child—privacy sidechain @MidnightNetwork —has been after five years. Its killer feature that can absorb trillions in traditional funds is its extremely seasoned "dual-track" token model.
#night completely separates the "casino" from the "factory" at the physical level.
It has designed two types of tokens: one is $NIGHT , specifically for speculation, staking, and hype on the secondary market, with outside funds being subject to whatever manipulation you want, no matter how frenzied;
The other is $DUST, which is specifically for running smart contracts and conducting business settlements on-chain. Its consumption cost within the network is extremely stable and insulated from outside speculation.
What does this mean? It means that regardless of how crazily the external speculative market behaves, the cost for businesses operating on Midnight remains absolutely stable and can be accurately accounted for.
Without this cost-stabilizing bulletproof vest, public chains will always be a zero-sum game of retail investors cutting each other. Only true hardcore infrastructure that separates speculation from commercial flows can support the next wave of institutional funding flooding in.
Is ADA's creation of Midnight really "sucking blood"?
Today is already March 24th, and there are only 2 days left until the @MidnightNetwork creator event, so I need to sprint a bit more. Every time I start writing articles, I habitually take a stroll around Binance Square to see everyone's thoughts. I find that whenever Midnight is mentioned, there is always a voice that rhythmically says: "Isn't this thing just created by ADA to suck blood?" or "Since ADA technology is so great, why not just do a privacy upgrade directly on the main chain? Instead, why start a new coin to cut leeks?" To be honest, every time I see comments like this, I feel quite regretful. Because this represents the voice of the vast majority, who have not yet understood the intricacies, and have not seen that this is an extremely grand business structure.
Recently, the square has been flooded with talk about $SIGN , everyone is discussing grand narratives like full-chain proof and DID. But to be honest, what the crypto world lacks the least is "conceptually grand infrastructure." A bunch of projects have sky-high valuations, and when you peel back the layers, they turn out to be ghost towns, with nothing but white papers to show for it.
Today, let's skip the fluff and speak plainly: why should we hold SIGN in such high regard among so many hollow infrastructures? Just four words: native blood generation.
To judge whether a bottom-level protocol is good or not, don’t just look at what proofs it can issue; you need to see who is using it to manage core assets. SIGN didn’t just pop up as a PPT project out of nowhere; its parent company, EthSign, started with electronic contract signing, which inherently comes with an understanding of real business logic.
The hardest evidence is its star product, TokenTable. This thing isn’t just a pie in the sky written in a white paper; it has already helped top VCs and project parties handle over 2 billion dollars in asset unlocking and distribution.
Consider this logic: tens of millions of addresses, over 200 top projects, willing to let real tokens, worth real money, be released and managed entirely by SIGN's underlying protocol for on-chain proof. What does this indicate? It shows that SIGN has already entered the "throat of the Web3 capital flow." While others are still explaining what DID is, SIGN has already become an institutional-level "asset steward." #Sign地缘政治基建
SIGN's core competitiveness does not lie in how many certificates it has issued, but in its ongoing construction of a "final review network for compliant assets." From EthSign's commercial contract signing to TokenTable's compliant fund releases, it has truly locked down the legal effectiveness of the real world and the execution power on the chain.
This closed loop of "contract in the left hand, money in the right hand" is its deepest, bottomless moat. It is not begging others to use its protocol; rather, those projects that want compliance and manage large funds cannot bypass it at all.
This kind of protocol, supported by real business and massive capital flow, is completely different from those projects that merely manipulate data. $SIGN
From Checking Exploiting Studios to National Anti-Corruption: Understanding the Ultimate Form of 'Anti-Witch' in the $SIGN Document
Brothers, let me ask you a question. When you saw the airdrop from limitless and Lighter last year, did you ever dream of 'setting up a studio to exploit in bulk'? Looking at those big shots in the group throwing out hundreds or thousands of airdrop screenshots, selling for tens of thousands of U, it’s hard not to feel moved and think it’s fake. Everyone hates studios, but everyone wants to become a studio. But if you've really been in that circle, you know that even top studios are treading on thin ice these days. Why? Because the project parties are getting increasingly stringent with their 'witch hunts.' From the initial checks on fund aggregation to IP segment isolation, and then to on-chain behavior similarity checks, the rules are getting more detailed year by year. Everyone is actually holding a sword in their hearts, fearing that one day an ultimate underlying rule will completely seal off the loophole of exploiting multiple accounts.
Gold has plummeted again, and today, March 25, is also a historic day.
Last week set the record for the largest weekly drop, and this morning, gold has been dropping since the very beginning, opening at 4464, and just dipped to 4124, a single-day drop of 300 dollars is truly unprecedented. #黄金创43年来最大单周跌幅
My long position unsurprisingly became cannon fodder. Although I thought buying at this price was wrong, I didn’t expect the volatility to be so large, I’ve lost so much money, it’s really hard to make a profit.
With this blood on my hands, looking at Web3, I have a huge concern: when extreme crashes strike again, what will large funds use to hedge and avoid risk?
Every day in the square, there are people praising Ethereum and various L2 expansions, but those who have worked in construction know that if the underlying blueprints are wrong, no matter how high the building is, it’s still a dangerous building. Currently, 99% of public chains in the market are using the "account model." In simple terms, it means the whole village shares one ledger.
Usually, it’s fine, but when faced with today’s extreme one-sided drop in gold, all the big players in the network want to rush in to close positions and escape. The result is that the ledger gets stuck instantly, Gas fees soar a hundredfold, and your lifeline order gets stuck outside, watching helplessly as your position gets liquidated.
This is called a "structural deadlock" in architecture. This means they will never be able to carry Wall Street-level large funds for hedging.
This is the moat of Cardano’s beloved son—@MidnightNetwork , the core of the privacy sidechain. In Binance Square, everyone is focused on "zero-knowledge proofs," completely overlooking its physical killer feature: the EUTxO underlying architecture.
#night completely smashed that overcrowded "ledger." EUTxO is like splitting the ledger into countless "cash notes with their own password locks." In the event of an extreme crash, you settle your positions while I run my own path, everyone settles point-to-point independently, without interference. This achieves true "horrific-level concurrency" at a physical level.
With ZK privacy technology added, it’s like putting an anti-counterfeit invisible black box on every cash note. Large institutions build positions to hedge, not only fearing that MEV traps will see through their cards for precise dips but also not fearing being unable to get on-chain at critical moments.
Real Wall Street giants would never put hundreds of millions of lifeline money in a dangerous building that collapses under pressure. $NIGHT