Source: Liu Jiaolian

BTC fell slightly overnight, opening at 104k and then falling below 103k. The overall market has fallen more than it has risen, which makes people feel uneasy as a storm is about to come. This main rise has been running for more than 3 months, during which it hit a record high of 108.4k on December 17, 2024, and continued to hit a record high of 109.8k on January 20, 2025.

Memes, copycats, doomsday chariots, monsters and ghosts all want a piece of the market. Should we do a washout at the weekly level? After taking a look, the 30-week line has just reached 76k. Want it or not? To be, or not to be, that is a question.

I remember there was a joke in the past that said that an old leek went up the mountain to consult an eminent monk after being defeated repeatedly. The eminent monk gave me a bag of tips. When I got home and opened it, I found a note inside with four words: buy low, sell high. When I was young, I thought this kind of joke was purely funny. Who doesn’t know such a simple truth, but how can it be so easy to do it! Later, after reading Wang Yangming and understanding the relationship between knowledge and action, I understood the profound meaning of the eminent monk, which is to ask you to seek true knowledge. True knowledge is doing. I know I can't do it, but I don't know if I can wait. Wang Yangming realized the Tao in Longchang and taught the chain market to realize Tao. The biggest thing I have learned is to see clearly in this noisy world, 99.9% of people are very conceited and think they know a lot, but in fact they don’t know at all, and they don’t know that they don’t know. They are at the peak of ignorance. Without knowing it.

If you think about it further, it’s not like this for Jiao Lian himself. Consciously you know this, you know that, and you may also know what you don’t know, but there are always some things that fall outside your field of vision, in the blind spot of knowledge, the unknown unknown. If you know what you don't know, as long as you consciously study hard and practice it, you can slowly change from not knowing to knowing. But for the unknown unknown, the unknown unknown, there is no way to touch it, let alone make up for it.

Knowing this, you can at least always warn yourself, always be in awe, don’t have too big an ego, don’t be too self-righteous, and never be complacent. You must know that you are actually like a child holding a candle in your hand in an endless dark universe, emitting a faint light to illuminate the person around you. Except for the candlelight, there are unknown unknowns, endless and boundless. Search, seek knowledge, and feel your way forward along the path that interests you.

Satoshi Nakamoto is our lifelong role model.

The paradigm of BTC is called "decentralization". The key to decentralization lies in the word "go". To go means to remove and eliminate. This makes BTC a very unique invention in the history of human civilization. If other inventions and creations are based on the logic of addition of what was not in the past and what is now, BTC is the opposite. It is based on the logic of what was in the past and what is not now, and what is done is subtraction.

And all the so-called cryptocurrencies after BTC, without exception, are based onAdd another addition to the minimalist model of BTC. Either this thing is added, or that creativity is added.

BTC has no founder. Satoshi Nakamoto has disappeared, removing himself. The disappearance of Satoshi Nakamoto is called retirement, and the disappearance of the project parties who issued currency financing is called running away. The reason is that the latter took other people's money. Satoshi didn’t take anyone’s money, so he could easily let it go.

BTC does not have a dominant foundation. In history, some people have tried to form gangs to establish the BTC foundation, but they have failed without exception. Because such a foundation has no ruling power. The foundation that can obtain zero-cost chips is dominant because it can sell the token and force the secondary market to support it. This is a coercion, not a negotiation.

There is no pre-mining of BTC. The so-called pre-mining means to pre-cast a batch of zero-cost token chips before launch and distribute them to some stakeholders according to certain default rules. If after the project is launched, the newly issued tokens are distributed according to the proof of work, which is called one-time distribution, then the pre-mining distribution can be called zero-time distribution. Zero allocation creates a divide between insiders and outsiders, thus posing potential conflicts of interest from the very beginning of the project.

There are no insiders in BTC. BTC has no VC financing, no pre-mining, and no token issuance (token sale), so there are no insiders. This effectively ensures that BTC has no separation of interests and irreconcilable structural conflicts of interest. There is conflict in BTC, but it is a conflict between users, not a conflict between high and low classes, let alone a conflict between users and projects.

BTC has no initial investors. Jiao Lian said that with investors, there is a boss. Satoshi Nakamoto wants to be his own boss and developers to be independent chess players. Then he cannot use anyone else’s money to do things. Only in this way can he have the strongest backbone.

BTC has no office. The office is a symbol of credibility. Financial institutions especially like to build luxurious office buildings because they rely on credit to do business. BTC is spot, not credit. Spot goods are the crystallization of value created by past production activities. Credit is a promise that future production activities will create value. Credit goes bankrupt, spot never does.

BTC does not have a website. Anyone can build a website about BTC. But no one can establish the so-called "official website" on behalf of BTC.

BTC does not have a highly paid executive team. BTC unites people all over the world through consensus. Everyone relies on spontaneous beliefs and acts autonomously. BTC does not rely on so-called "management", nor does it need to hire a senior management team for "management". Of course, there is no "dictator" person or board of directors to implement the hiring action and decide the candidates for the senior management team.

BTC does not have a marketing team. Everyone is a propagandist, everyone is a sower. BTC has no so-called official marketing team and no budget because it has no so-called official. Micro-strategies can spend their own money to let the company’s marketing departmentTo promote BTC, BlackRock can spend its own money to hire market consultants to produce BTC promotion materials, but these are voluntary and independent actions that they bring their own dry food. BTC does not require them to do this

BTC does not have a salaried development team. Simply because no one pays a salary. If no one pays a salary, it means that everyone can pay a salary - either pay yourself a salary and volunteer to do development for BTC; or you can use your own money to find some developers and do development for BTC for free. It’s still the same model. BTC didn’t ask you to do this. All this is done voluntarily and voluntarily by you.

BTC has no starting price. Most token financing projects artificially price the tokens from the beginning so that they can sell the tokens in the primary or secondary market to obtain start-up funds. But BTC starts at zero price. For a long time, BTC did not have any market price. In May 2010, someone exchanged 10,000 BTC for 2 pizzas, which was considered a good deal.

No one controls BTC. BTC is like an autonomous life with its own will and is not controlled by any person or organization. Almost all other projects have actual controllers, either explicitly or implicitly.

BTC is the fairest money in the world. Fairness is like a circle. Humans can never truly draw a mathematically perfect circle, but we can easily know that this thing is closer to a circle and that thing is less like a circle. BTC itself is certainly not perfect, but it may be the closest thing to a fair currency in concept among the feasible value storage and transfer systems known to mankind so far.

The value highlights of most inventions come from their advantages and features that other comparable products do not have.

But the value highlight of BTC is that it does not have this or that.

If there is something that no one has, it is of great value. If there is nothing that no one has, it can embrace all rivers and accommodate countless high values.

Therefore Lao Tzu said: The opposite is the movement of Tao, and the weak is the use of Tao. All things in the world are born from existence, and existence is born from nothingness.

Existence can give birth to all things in the world, but nothing can give birth to anything.

This is the power of nothingness.