While traveling in Lijiang and Dali, I chatted with several frontline builders, and they all shared the same sentiment: the current Crypto primary market seems trapped in a multi-layered crisis with "no way out": --- 1) Narratives Have Become Meaningless; Has Casino Culture Taken Over Completely? The real fear isn’t that technological narratives fail to deliver—it’s that people have ditched the narrative facade altogether and fully embraced a MEME-ified casino culture. Slow delivery of techno...