Crypto Can’t Go On Like This: A Self-Rescue Initiative Proposal for Blockchain Industry Practitioners

? The Real Truth Behind the Industry Downturn: It Is Never Just a Single Cycle Problem

Many observers assume the current prolonged slump in crypto is normal volatility tied to a standard bear market cycle, but it is in fact the concentrated eruption of tensions built up over years of eroded industry trust and drifted focus from blockchain’s core technical mission. From the 2021 bull market era of mass retail crypto speculation, anonymous project teams launching tokens then vanishing, to 2022’s string of high-profile exchange collapses, unregulated public chain ecosystem chaos, and now tightening global regulatory stances, many practitioners still pin the downturn on external macro headwinds and overly strict oversight, rarely pausing to reflect on how much time-tested, tangible real value we have actually delivered to this space.

? The Distorted Core of the Industry: We Are Not Middlemen for Valueless Air Coins

Many assume the blockchain industry’s core competitive edge lies in the ability to launch tokens first, pump prices, and monetize user traffic, but the real moat that can survive across market cycles has always been deployable technical value and tangible, user-centric experience ?. New entrants are often swept up by the “get-rich-quick” myths circulating in the space, believing they can turn a quick profit by jumping on hot trends and launching tokens with grand, unsubstantiated narratives. Many even dismiss compliance and real technical deployment as unnecessary barriers to fast profits, forgetting that blockchain’s original core purpose was to leverage distributed technology to solve the pervasive trust deficit in traditional internet scenarios.

? The Core of Industry Self-Rescue: First Squeeze Out All Accumulated Bubble

Many assume industry self-rescue means pumping token prices, driving viral traffic, and reigniting bull market hype to let everyone chase another round of quick profits, but real self-rescue starts with every individual practitioner, who must proactively abandon the short-sighted playbook of “raising funds via empty narrative” and return to the core logic of delivering real work. Whether you are a project founder or a regular industry employee, the first step is to stop unprincipled marketing hype. Projects that claim to “disrupt the world” without even a basic product prototype, or exchanges that treat users as harvestable traffic pools, are fundamentally draining the entire industry’s shared public trust resources.

? Actionable Self-Rescue Steps: 3 Things Every Practitioner Can Contribute To

1. Reject Air Coin Narratives, Only Build Products With Real Active Users

Many assume blockchain product teams must launch tokens first and spin grand narratives to secure institutional funding, but today, both regulators and end users have hit a historic low tolerance for “valueless tokens”. Instead of pouring large budgets into media placements and KOL paid shilling campaigns, teams should focus on refining core product value: for example, using blockchain for low-value cross-border payment settlement, trusted evidence storage for supply chain traceability, or transparent governance for DAO organizations. These use cases that generate real revenue without relying on token speculation are the foundational base for the industry to build long-term stability.

2. Proactively Embrace Compliance, Do Not Treat Regulation as an Existential Threat

Many assume compliance will squeeze the blockchain industry’s profit margins, but compliance is the only pass that can move the industry out of its “niche gray area” into mainstream public view. In the past, many practitioners viewed regulation as a barrier to industry growth, rushing to move assets and relocate to offshore jurisdictions when new regulatory policies were announced. What they failed to recognize is that all major global economies are now actively laying out frameworks for blockchain application deployment. Platforms that proactively meet local regulatory requirements, implement robust user identity verification and asset segregation rules, have actually captured larger market share and stronger user trust amid this industry shakeout.

3. Lead Responsible Industry Education, Stop Spreading Get-Rich-Quick Anxiety to the Public

Many assume the blockchain industry can only break into mainstream awareness by amplifying “crypto wealth” myths to draw in new users, but this short-term traffic carnival will ultimately leave more retail users without risk identification skills as harvest targets, further deepening the public’s negative perception of the space. As the people closest to the industry, practitioners have a responsibility to communicate blockchain’s real value to ordinary users, clearly distinguishing between real technical deployments and Ponzi schemes hiding behind the blockchain label. Only when public perception of the industry returns to rationality can we attract long-term users who genuinely value technical innovation.

⏳ The Value of Long-Termism: We Deserve to Build a Healthier Ecosystem

Many assume the current crypto industry has reached the end of its development road, but every deep industry shakeout is a necessary process to filter out speculative actors and retain practitioners committed to building real value. From Bitcoin’s early days as a niche payment tool for tech geeks, to the chaotic ICO era, to today’s gradually maturing NFT and DeFi ecosystems integrating with real-world scenarios, every bubble burst in the industry has spawned a new cohort of genuinely valuable applications. Our current push to squeeze out bubbles and return to core mission is not holding back industry growth, but laying a solid foundation for the industry’s long-term healthy development.

Many assume industry self-rescue is the sole responsibility of large institutions or top-tier projects, but every practitioner in the ecosystem is a core part of this shared space. Every choice you make — whether to build real products or chase empty concepts, whether to uphold ethical boundaries or harvest retail users — will ultimately shape the industry’s future trajectory. The crypto industry no longer needs to prove its value via false bull market bubbles. When we can deliver deployable products, earn public trust, and build a compliant development framework, this industry can truly evolve from a “playground for speculators” into technical infrastructure that creates tangible value for the real economy — the core goal our generation of blockchain practitioners should strive to achieve.