When can we have our own IC stablecoin?

Governance
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so what’s the problem about my citing facts?

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Who hided this? why cannot even let us see the suggestions from the community?

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84

Seriously, DFINITY should make flags public so we can see who’s abusing it and how DFINITY enables them.

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It has bee sloved by admins, someone reported my post as spam

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Who has made money in this bull market so far?

Firstly, definitely not the VCs. Most of the projects they’ve invested in haven’t even started issuing tokens yet. Even for those with high FDV and low circulation, which the community criticizes, they only look profitable on paper. If there isn’t an altcoin bull market coming up, when VCs unlock their tokens, a 90% drop wouldn’t be surprising.

Secondly, it’s not the retail investors. Most retail investors are trading memes, playing with altcoins, and opening contracts. While it’s not completely impossible for them to make money, it’s very rare, similar to winning the lottery.

From observation, those who have made money fall into the following categories:

  1. Bitcoin holders. Holding Bitcoin means the world works for you. Around this time last year, it was $25,000, now it’s $65,000, a massive profit. Reaching $100,000 within a year is highly likely, but most people don’t see this kind of increase as appealing, so they don’t make money from BTC, which is reasonable.
  2. Centralized exchanges. Exchanges have always been at the top of the crypto food chain. The entire crypto circle essentially works for the exchanges. Of course, running an exchange also comes with huge risks, being constantly on the move, and facing regulatory threats. The risk-reward ratio is balanced here, which is fair.
  3. Tether and other CeFi platforms. Tether made $4.7 billion in the first quarter, more than most exchanges. Strictly speaking, this money isn’t entirely from the crypto circle. Additionally, some crypto financial service providers are quietly making substantial profits, like custodians and wealth management platforms. They provide good services to the crypto circle, so their earnings are reasonable.
  4. Some public chain/DeFi product teams. DeFi products like Uniswap have a lot of traffic, and transaction fees don’t go to token holders but mostly to the teams, resulting in significant income. The Base team, for instance, likely earns tens of millions of dollars from the Friendtech product alone. The Tron public chain earns massively from daily USDT transactions, with most profits going to the team. These projects don’t rely on selling tokens to retail investors but on developing their business, similar to traditional internet businesses. They are the hope of the crypto circle and worth learning from. Especially with MakerDAO setting an example and Uniswap having a proposal to distribute dividends, these are the alphas of this bull market.
  5. High market cap projects primarily focused on selling tokens. If they have already listed on CEXs, they have made a fortune this round. They don’t need much revenue; some zk projects, for example, see only two or three active users after airdrops, but their market caps remain in the billions. Market makers happily help these teams sell tokens. Other highly controlled DeFi tokens or barely active GameFi tokens are similar. These toxic elements in the crypto circle constantly leech off the market. The teams behind these projects are accomplices making significant profits. It’s laughable that recently someone on Twitter bragged about how much their manipulated project made; such spectacles are unique to the crypto circle.

There are others, like quantitative teams, making hard-earned money, but they won’t be listed here. If anyone has more discoveries, feel free to comment and let me envy you.

However, based on the above analysis, one could consider creating a “always profitable crypto portfolio,” mainly holding targets from categories 1-4 and avoiding category 5.

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