隐悟

Based on our previous core analysis framework of 'Where does the money come from', I will help you filter out the tokens on Binance that truly have a long-term lifecycle. The filtering criteria are very simple: don't look at who tells the best story, just look at who keeps the clearest accounts.
Core filtering logic: In the Web3 world, for a token to survive market fluctuations, it must clarify three issues:
1️⃣Where does the money come from? Does the project have a real source of income? Is it relying on selling tokens to survive or generating cash flow through protocol fees and ecological services?
2️⃣Where does the money go? Does the income benefit token holders? Does it go into the team's pockets or is it returned to the ecosystem through buybacks, dividends, destruction, etc.?

Let me state the conclusion first: the essence of trading is a game based on information data analysis! The core is information asymmetry—if you know more than I do or can calculate faster than I can, you make money. Chess, stock trading, cryptocurrency trading, and sports betting all follow the same underlying logic. In the past, it was a battle between people; now, AI has entered the arena, but the essence hasn't changed—the intensity of the game has. The core of this transformation is that the asset management industry is undergoing a thorough 'blood change': the past engine was human experience, and the current engine is becoming computational power.
What can AI do to win? This 🉐 data speaks for itself!

Liangshan is the most typical case in ancient times, and the Web3 field is experiencing its modern version.
In the Web3 world, how many project parties are like Song Jiang, rallying thousands of heroes under a banner of "decentralization"—community members, consensus users, wallet addresses? They shout slogans about disrupting traditional finance and rebuilding internet order, looking impressive and noble. But in reality, every day they worry about one thing: where does the money come from?
These projects neither create real profits nor have sustainable business models, relying solely on the two words "narrative" to keep up appearances. Too many stories of the "blockchain revolution" draw a big pie chart of "trillion-dollar market value" today, and have a few KOLs endorse it tomorrow. The question is, can a narrative really sustain an ecosystem? The answer is no, and it's cruel.

任何组织形态只要规模超过1万人 ，却解决不了钱从哪来的问题 ，那就注定一个结局 ： 崩盘 。梁山泊正是这条铁律最典型也被浪漫化的牺牲品。
梁山号称10万好汉看起来兵强马壮，义薄云天，实际上每天都在为一件事发愁：钱粮。这10万人既不种地也不做生意更没有稳定的税收体系，全靠“劫富济贫”四个字硬撑门面。问题是劫富济贫真的能养活10万人吗？答案是否定的，而且很残酷！
所谓劫富从来不是去动真正的财富核心。梁山敢抢的只是分散的富户、腐败的地方官府，却始终不敢触碰真正的大地主阶层，更不敢控制土地、粮食生产和长期供给体系。为什么？
因为他们既没有占地治理的能力也没有建立财政制度的认知。说白了梁山从一开始走的就是打一枪换一个地方的掠夺模式。这种模式有两个特点：一是来钱快，二是死得也快。
《水浒传》里有一个细节很多人读的时候直接略过了：每次梁山打了胜仗，施耐庵往往一句“却又为钱粮发愁”就轻描淡写地带过去了。但要是真算一笔账就会发现这是个要命的问题。按古代最低生存标准一个成年男子每天至少要消耗两斤粮食，10万人一天就是20万斤，一年就是7300万斤粮食。这还不包括酒肉、武器、马匹、伤病、赏赐。宋江他们哪来这么多粮？答案只有一个：到处借。
什么叫借粮？好听叫借说得直白一点就是抢。为了给晁盖报仇，柴进、卢俊义带兵攻打富户和官府，把人家的粮食财物一车一车往梁山搬。这套玩法在初期确实行得通，周边富户多官府腐败，百姓也同情他们。
但任何掠夺型组织都会很快遇到三个致命问题：
1️⃣能抢的地方越来越少2️⃣名声越来越差3️⃣支持者开始恐惧你。
老百姓会开始想：今天你们抢富户明天会不会抢到我头上？一旦这种心理扩散，所谓的民心就会瞬间瓦解。
更要命的是梁山集团从结构上就是一个纯消耗型组织：没有农业生产，没有工商业，没有税收体系，没有长期财政。
这就像现在一些公司靠融资、靠烧钱，短期内看起来估值惊人，但永远烧不出真正的盈利模式，一旦外部输血断掉立刻原形毕露。
宋江其实早就意识到这一点。他后来为什么一心想招安？根本原因不是因为他突然忠君爱国，而是因为他比大多数兄弟更清楚一件事：梁山这条路走不通了。
朝廷有什么？有完整的税收体系，有庞大的文官集团有稳定可预期的财政收入。梁山有什么？除了会打仗什么都没有。
有人就问那宋江为什么不学朱元璋自立为王？道理很简单：没那个本事。朱元璋身边有刘基、李善长这样的人，能从零开始设计一整套国家治理和财政体系。宋江身边呢？除了吴用，连个能把账算明白的都没有。更现实的是大宋给文官的待遇极高，梁山那点家底根本养不起一支职业文官团队。
你真要占地称王第一件事是什么？收税。收税就得守城，守城就得行政，行政就得专业官僚。老百姓交了税，你要不要修路？要不要治水？要不要维持治安？要不要办学校？哪一样不花钱？哪一样不需要专业能力？梁山这帮人习惯的是打游击、讲兄弟情义，让他们治理一座城市等于让草台班子直接上国家舞台。
再看看同时期的方腊，人家至少还有宗教理论作为意识形态支撑，有一套完整的解释系统。而宋江的“替天行道”说到底只是四个字的口号连一个清晰的政治纲领都没有。你拿这个去对抗朝廷那套成熟了几百年的儒家体系不是理想主义，是认知失衡。
所以梁山集团从一开始就注定是空中楼阁。朝廷可以围剿失败100次，梁山只要失败一次就全完了。更可怕的是朝廷甚至不需要正面硬拼，只要采取坚壁清野的策略，切断梁山的财源他们自己就会内讧、瓦解。
说到这里其实已经引出了一个万能的分析工具：钱从哪儿来？这个问题几乎可以帮你看透大多数复杂问题的本质。
比如为什么教育改革这么难？钱从哪儿来？素质教育成本是硬式教育的10倍以上，小班教学、个性化培养、丰富活动，哪一样不要钱？在现有财政结构下谁来长期买单？
医疗改革也是一样。大家都知道看病贵、看病难，但要建立覆盖全民的高质量医疗体系，资金需求是天文数字，连美国都解决不好更别说其他国家。
芯片产业为什么以前不搞？钱从哪来？投入巨大，周期极长，失败率极高。在资金有限的情况下必然优先发展见效快的产业。现在为什么开始搞？因为钱攒够了。
家庭问题也是一样。父母为什么没耐心？因为耐心的本质是时间，而时间就是钱。要养家糊口就很难慢慢陪伴。
婆媳关系为什么紧张？表面是性格，底层是资源——房子、孩子、教育、养老，哪一样不花钱？
婚姻也是，好的婚姻本质是强强联合是资源整合。你自己没有价值，凭什么指望别人提供价值？孩子上好学校，钱从哪来？优质教育资源永远稀缺要么靠钱要么靠关系，你两样都没有凭什么轮到你？
投资理财更要问这个问题。所有高收益承诺都必须先回答一句：钱从哪来？如果说不清楚盈利模式，那基本就是等着你填坑。
为什么《大明王朝1566》被称为顶级权谋剧？因为它始终围绕着钱展开——嘉靖修道要钱，严嵩贪污要钱，国库亏空要钱，改稻为桑也是为了钱。
反观很多看似精彩的叙事，一个庞大的组织却说不清资金来源本质就是过家家。
回到《水浒传》，为什么看着憋屈？因为它的底色是现实的。现实世界里钱永远排在理想前面。宋江最后选择招安不是背叛兄弟，而是想让大家活下去。一个人可以靠热血撑一阵子，一群人要长期存在必须靠稳定的经济基础。不管是公司还是组织，先算账再谈理想。
很多我们以为的情感问题、道德问题、尊严问题，本质上都是经济问题。只要从“钱从哪来”这个角度入手大多数问题都会突然变得清晰。反过来如果只谈情怀不谈账本往往越搞越乱。
现实中最靠谱的人往往是那些把账算得清清楚楚的人。他们未必天天讲理想但你跟他们打交道心里踏实。真正危险的恰恰是那些高谈阔论却永远回避钱的问题的人——他们要么不懂经济规律，要么就是想让别人替他们买单。$BTC $ETH $BNB
所以无论遇到什么事都可以先问一句：钱从哪来？这个问题能帮你避开无数坑，选赛道投研找币也一样，都能让你看清这个世界真正的运行逻辑。#特朗普新全球关税 #比特币挖矿难度上升


点击➡️钱从哪里来？—2

Mr. Dalio's 8.5:1 ratio indeed shocked me when it went viral, and President Wang Yongli said that many people believe the theory holds even when currency does not need to be anchored.
If we quiet down and break apart these two viewpoints, we will discover an interesting fact: both are correct, but both overlook the layer that ordinary people need to understand the most. Perhaps it’s because they stand at a higher vantage point! First, let’s talk about Dalio’s ratio of 8.5:1.
8.5:1 is the ratio of the total market value of financial assets to cash, comparable to the eve of the Great Depression in 1929. The number itself is indeed frightening, but Zhenyu once said, when it comes to specifics, it becomes profound. Upon careful consideration, there are indeed three layers to be specified:

The outside world always says: chasing hotspots = leveraging = speculation = cutting leeks.
Today I will make it clear: leveraging is top-level wisdom, speculation is human nature's gambling instinct; we teach to hold the sword for self-defense and to ride the trend, and never to hand over the knife to self-destruct and pursue profit to death.
The clearing of the Web3 bubble in 2026, institutional entry, compliance landing, and value restoration—this is not a casino restart but a civilization upgrade. Treating speculation as a skill will be crushed by the times; those who truly survive are practicing the internal skills of leveraging.
1. Breaking the fallacy: Why 99% of people confuse leveraging and speculation.
Speculation: no bottom line, no logic, no value. Blindly chasing MEME, listening to calls, gambling, making quick money, treating luck as ability and treating the casino as a market. Essentially, it is handing over the knife: handing it to others to cut you, and also handing it to yourself to cut others, resulting in mutual destruction.

The professor asked in class: Did God create everything? The student replied: Yes. The professor laughed: Then is deceit also created by him? So is God deceitful? The student was stunned.
Another student stood up: Professor, does cold exist? Professor: Of course it exists. Student: Wrong. Cold does not exist; it is just the absence of heat. Does darkness exist? The professor hesitated: ... It exists, right? Student: It does not exist either. Darkness is just the absence of light. Similarly, deceit is not a 'thing' that is created — it is a state of lacking love in the heart. The professor was speechless.