People have human nature And once human nature crosses the "first default," it’s no longer a psychological hurdle but a cost issue Default once, and there will be a second time; changing the rules once, and there will be countless times Because they have already verified one thing: defaulting can be forgiven by the market Defaulting is either 0 times or countless times So I have a strict rule: Whenever a project team defaults once or temporarily changes the rules once, immediately downgrade their status, and no longer invest new funds Project teams will not share dividends just because community members are kind and tolerant multiple times Credit is the only moat in this industry. Once someone has personally dismantled that moat, they have essentially told the market: They will do it again in the future You can bet they will improve, but this project team is different I only do one thing: Vote with my feet What about you? Would you blacklist a project completely after one default? Or are you willing to give it more chances? Will the arrival of Web4 solve this problem? Will autonomous evolving AI have human nature? I look forward to seeing these changes
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Project teams are also made up of people
People have human nature
And once human nature crosses the "first default," it’s no longer a psychological hurdle but a cost issue
Default once, and there will be a second time; changing the rules once, and there will be countless times
Because they have already verified one thing: defaulting can be forgiven by the market
Defaulting is either 0 times or countless times
So I have a strict rule:
Whenever a project team defaults once or temporarily changes the rules once, immediately downgrade their status, and no longer invest new funds
Project teams will not share dividends just because community members are kind and tolerant multiple times
Credit is the only moat in this industry. Once someone has personally dismantled that moat, they have essentially told the market:
They will do it again in the future
You can bet they will improve, but this project team is different
I only do one thing:
Vote with my feet
What about you?
Would you blacklist a project completely after one default? Or are you willing to give it more chances?
Will the arrival of Web4 solve this problem?
Will autonomous evolving AI have human nature? I look forward to seeing these changes