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Author: Captainz Source: X,@hicaptainz
The three -disk theory is a cognitive model about Piece. This article is based on this theory to explore three bull markets: MEME coins are mutual aid, Defi is a red disk, and ICO is split.
What is the theory of three disks
Crypto Weituo believes that one of Crypto’s biggest value is the first time to achieve Ponzi democracy and trading.
Everyone can send it, and can also trade plates.Aside from external factors, each round of Crypto’s bull market is driven by Pang’s fundamental innovation. You can find the general trend level Alpha in the market according to the first nature of Pang’s innovation.
Although Ponzi is dazzling, there are only three models in the final analysis: divide the red disk, mutual help, and disassembling disk.Everyone is a combination of these three models.Based on this logical analysis method, he calls it “Three Displasia Models”.Three sets can appear alone or combined, each with its own advantages and disadvantages, corresponding to the corresponding start, trading and collapse logic.
-Phopa Division: Invest a whole funds at one time, and get income from the time dividend of the timeliness
-Mou assist disk: A gives B money, B gives c, C gives A to fight to form a flowing mismatch, according to the settlement income
-Plugging: The continuous disassembly of an asset target is divided into new targets.Pass the new low -cost bid to attractive increase funds.The income is realized through the value -added value of the target
In terms of logical design, the three sets are as follows:
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Meme is a mutual help disk
The core of the traditional mutual aid is the mismatch of the flow of funds.This model usually involves multiple participants to transfer each other in order to form a capital cycle.Generally speaking, a user, he received more money from the next family than he gave the family, so he earned more money than their original investment.The project party generally earns returns through the pump of each transfer.
This side model is the most decentralized model among the three models, because once the rules are formulated, there is no need to intervene in the “manager” later because the pump is essentially tax.
Traditional mutual assistance disks are a type of funds mismatch on the scale, so it does not need to form a capital pool, and most of them cannot enter and exit funds freely, but they must promise high returns.So why is Meme coin aid?
We generally think that Meme currency has two most important attributes:
Fair launch: Everyone can participate (everyone can help each other)
Full circulation: No need for the project party reserved
The so -called “cultural attributes” and “total amount” are not necessary.
MEME coins are actually a funds mismatch on time scale.We assume that in a certain bull market context, a certain MEME coin has been rising strongly. In fact, today’s high -priced coins buy money to buy coins yesterday, and the money bought yesterday to buy money the minimum price the day before yesterday.And because of the only nature of the time itself, “passive locking” (cannot enter the same river forever).So we have the comparison in the figure below:
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DEFI is a redemption disk
DEFI is the core narrative of the previous round of bull market (2020). Technically, it is to write financial rules into smart contracts (a way to combine blockchain technology and a certain field).The liquidity mining is distributed to token: deposit money into the agreement to get token.
For example, the two most important aspects of the financial field are transactions and borrowing, and there are Uniswap and Compound.In UNISWAP, users make a transaction of token A and tokens B to deposit LP into the fund pool to obtain benefits.In Compound, users need to deposit tokens that can be borrowed into the fund pool to obtain benefits.Most of the income is the agreement tokens, and a small amount is real gold and silver (stable currency).
DEFI is a typical dividend disk, because the basic logic of the dividend disk is “one -time investment in a whole funds, and the linear dividend obtains benefits over time”, is it exactly the same as the above practice?We also have the comparison of the following figure:
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ICO is split
ICO is the core narrative of the last round of bull market (2017). The approximate gameplay is that one of the ideas in any field is written as a white paper, and then the financing will be made, so that most people mistakenly believe that the only application scenario of the blockchain is the only application scenario of the blockchain.It is the “currency issuance” (another method combined with blockchain technology and a certain field).Therefore, in that cycle, many strange tokens appeared, such as “doing environmental protection issues”, “making a computer to get a coin”, “doing charity issuance”, and so on.
We know that the split disk is to continuously split the asset target into a new target.Pass the new low -cost bid to attractive increase funds.Isn’t the income realized by the appreciation of the target? Isn’t this the performance of the ICO?If we regard the Circle Circuit at that time as a capital disk, the appearance of various ICOs is the asset of the cryptocurrency, and the “new story” is continuously split into a new investment target (the new ICO replaceCoin) to attract incremental funds.So we still have a comparison chart:
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The currency circle is the lap
If we ignore the specific technological evolution, from the perspective of token economics, it seems that the past ten years have indeed represent the evolution of the side model.(BTC income for pledged machines).
Is that the sequence of evolution: a dividend disk (BTC mining) -pasterial disk (ICO) -DEFI disk-MEME (MEME)?At the same time, the project has become more and more decentralized.
On the other hand, if MEME is used as a track, more and more Meme coins appear, and it is actually a manifestation of the disassembly.
The mutual aid disk may be the real answer of the “not receiving each other” in this round of bull market (RESTAKING is a dividend disk, DEPIN is a dividend disk, and Layer2 is a split disk. Obviously, this round of bull markets in retail investors only want to play with each other).
