It's been a long time since I last discussed Bitcoin (ecosystem).

Like other things in the crypto world,
my overall feeling about the Bitcoin ecosystem is,
it has fallen into a state of boredom and emptiness.
This is mainly because narrative innovation has peaked,
but infrastructure, ecosystem, users, and education are not sustainable.
Most importantly, it’s the extraction of miners’ fees,
which is paradoxical,
the great part of the Ordinals narrative,
is an attempt (partially) to solve the security budget issue after the halving,
and it has proven to be effective;
but precisely at the cost of ecosystem sustainability.
The narrative of “permanent” data storage,
remains solid.
However, seeing that in a bear market,
people are still tirelessly promoting the Bitcoin ecosystem,
they might truly love it,
and I greatly admire that—it's a rare consistency;
because many people now
lack the energy and interest to discuss and voice out.
Bitcoin remains the last spiritual pillar and belief in the crypto world;
carrying people's ideals for a better future society,
despite the harsh reality,
the future is not far away.
AI has greatly increased productivity,
institutions applying blockchain to improve efficiency and reduce transaction costs,
Bitcoin carries people's dreams.