Another big dump! The community is shouting 🤧 either Open Source or drop to zero!
Original Yu Xue Pai Xing Subscription June 18, 2025 00:07 Hong Kong, China
Recently, the market has experienced another big dump, sparking discussions within the community. As June 28 approaches, the market has yet to return to normal and continues to decline. Many pioneers' trust in the core team is gradually wavering. The core issues are attributed to a lack of transparency in progress, lagging ecological development, and the community's demands not being taken seriously.
1. The root cause of the big dump: trust crisis and community demands:
This big dump is not a coincidence, but rather an outbreak of long-term accumulated issues. Although the core team has repeatedly emphasized "decentralization" and "community autonomy", the actual actions are increasingly distant from the slogans, as demonstrated below:
1. The mechanism for transferring the mapping is opaque.
There is a significant issue of unfair selection criteria in the migration process. Those who completed KVC a long time ago have not yet been allocated, while a few newcomers have gained liquidity access ahead of time. This artificially created unfairness severely undermines the community's enthusiasm.
2. Regional restrictions cause dissatisfaction
Currently, strict access restrictions have been set for multiple regions. This discrimination has led to a large number of holders being unable to use it, further exacerbating the problem of insufficient market liquidity. The community is generally calling for the removal of regional restrictions to ensure fairness and justice.
3. The roadmap's vague progress becomes a mystery
Although the core team has mentioned multiple times that "the ecosystem is developing," they have never disclosed specific technical details or a timetable, and the lack of a clear roadmap has left the community feeling confused.
The three main demands of the community:
To restore community confidence, the core team needs to take the following actions:
Fully open migration: Cancel the opaque screening mechanism and allow all pioneers to participate equally in ecological construction.
Remove geographical restrictions: Ensure free access for all regions.
Publish an executable plan: rebuild a transparent communication mechanism through regular technical reports and AMAs (Ask Me Anything sessions).
Only by solving these problems can we truly move towards the original intention of "decentralization"; otherwise, it may become yet another farce of "harvesting leeks."
2. Positive Examples of Blockchain Technology: Disruption in the Logistics Industry
Blockchain technology is shining in the logistics field. Through distributed deployment, the logistics industry has achieved the following breakthroughs:
1. Full process transparency
2. Reduce collaboration costs
Traditional logistics involve multiple parties such as manufacturers, carriers, and warehousing, with low document circulation efficiency. By automatically executing agreements through smart contracts, the settlement time is reduced from several days to a few minutes, while also minimizing human errors.
3. Anti-counterfeiting recognition is unique
Luxury goods and other high-value items are often counterfeited. The unique identification of the blockchain (such as NFT labels) can verify authenticity, and the data cannot be tampered with. In 2023, the LV Group reduced the complaint rate of counterfeit goods by 37% through blockchain technology.
3. Technology needs to be implemented, but the community needs more respect.
1. Technology must solve practical problems.
Currently, it is still at the "drawing a pie" stage. If it cannot demonstrate real ecological applications, it will be difficult to sustain solely relying on hype.
2. The community is the core strength.
If the core team continues to ignore the community's demands, they will ultimately lose support; on the contrary, if they can listen to community opinions, accelerate plans, and maintain transparency, there is still a possibility of turning things around.
Looking to the future
The plunge is the result of a collapse of trust and a reminder to the industry that technology needs to be transparent and pragmatic. At the same time, it's a testament to the tremendous value of blocks – change happens naturally when the technology truly serves the real needs. For the core group, whether to listen to the community and embrace the vanguard, or to go into closure and decline, the answer will be 6.28