From telegraph and Circle: simple questions and difficulties of investment Topic

Author:Alex Xu

 

AI NARRATIVES CONTINUE TO FERMENT, WHILE SOME OF THE RECENT PERFORMANCE OF THE RELATED SHARES IS IN THE MIDDLE OF SUMMER OR IN THE WINTER。

The former is represented by Circle, the issuer of the first compliant and stable currency USDC, while the latter is represented by communicators。

There are many reasons for the Circe's rise, such as the previous drop from 300 to 49, which had a deep echo and built up a rebound. And recently, USDC's size has picked up again, again。

But the biggest driving force, probably after the openclaw fire, has been shaken by the wave of Agents, a picturing shock that brought with it stable coins that are considered to be very suitable for the settlement of Agents, which is currently the only pure blood stable currency in global listing companies。

THE REASON FOR THE EXPLOSION WAS INTERESTING, SINCE IT HAD BEEN SLOW IN THE AI ERA BECAUSE OF THE DISEASE, WHICH CONTINUED FROM THE HEIGHT OF 680. AFTER THE PERFORMANCE OF THE PREVIOUS DAY'S "REDUCE BUY-BACK AND INCREASE AI INVESTMENT" WOULD HAVE BEEN ANNOUNCED, IT WOULD HAVE GONE UP AND DOWN. THE MARKET'S CONCERN ABOUT ITS AI INPUTS WENT FROM BEING “DEFICIENT” TO “EXCESSIVE”。

So who's more certain in the AI era of arraignment and Circle

Charlie Manger said, "Don't make it difficult to invest."

“One of our secrets is not to try to understand too much I keep putting things in the category of `too hard'. Sometimes there's an easy decision to make, and I'll do it. This is my system: most things fall into the category of "too hard," and there's only a few obvious simple decisions, and I'll deal with them immediately."

So, now, arraignment and Circle, who's the simple question on our investment desk, who's the difficult question

Let's get to the point。

In fact, Yuanbaoi, who is currently in the Web, acts as an experimental form of future Wisdom's own Agent:

it has now been able to perform the most high-frequency tasks that most ordinary people do with ai, i.e. queries and questions。

At present, however, Yuanbao can only interact with content-type information such as text and photographic information, video number content, micro-inform public number, etc., which at this stage cannot interact directly with small programs。

But it's not hard to predict what kind of form we're actually having: through natural language conversations, we can directly get a microphone called Agent to perform a variety of tasks, including take-out, booking hotels, summary videos and recordings, alert schedules and reporting。

the applet itself is a huge application ecology, and most of the apps we used to use have little versions: drip-trucking, corpions, lots of lots, mcdonald's, cargo salad, wps, even ali's idle fish and hungry。

more importantly: micro-input programs, similar to (even stronger) apples, have very strong system-level privileges for eco-based software, and micro-intelligence norms govern the development of small programs. agnent would certainly not be blocked directly from the main apps, like the soybean cell phone assistant, outside the fence garden, but would interact systematically with a variety of small programs, sizes and sizes, and would certainly embrace the official agents of twitter, which have achieved better service to users。

In contrast to the current heat, which is still burning most of the tasters to death, and the openclaw that allows a large number of ordinary people to enter and give up, micro-intelligence for 1.4 billion users is bound to be better available and more practical, and it will be a truly popular “Agent promotion” in the true sense of the term, a form that may not be as cool as extreme, but it is a product available to 90% of the population。

The introduction of this Agent product pattern at some point in the future is highly certain, only against the background of a falling and falling price until it has happened and is not seen。

But for value investors, Mr. Markets is ours。

We need to invest in high-probability, and even inevitable, things that have not yet happened。

IN THE FACE OF A HIGH DEGREE OF UNCERTAINTY IN THE AI ERA, HOW LOW IS THE OPERATIONAL CERTAINTY? I THINK IT'S OKAY。

Is it a simple or a difficult question to buy/carry at this time

I think it's a lot simpler than the reaction of market sentiment。

Besides:

There are some things that take a long look at the fact that certainty is rather vague。

Circle, will the scale of the future grow to hundreds of billions, if not trillions of dollars

Their logic is:

1.ai is the future, the future, and angent will be the main user of the internet and will dominate the scale of internet transactions

2.ai stable currency for transactions based on block chains

3.usdc is currently the largest compliance stable currency, and the settlement needs of the ai directly contribute to the scale of usdc

4. The stability currency has a strong network effect and the scaling up is self-enhanced

the scale of 5.usdc increases to trillions of dollars or more in step with the scale of the trade of the ai

The chain of conduct seems to be tight, but there are several important links with greater uncertainty:

in the future, angent will be a major user of the internet and will dominate the scale of the internet transactions

Longer to see this high certainty, over。

2ai, you want a stable coin for the deal

Not necessarily, as all see in the first, existing payment infrastructure service providers and users of the Internet and i-tops are pushing their own standards, many of which are not based on block chains, such as Google-driven UCP agreements for proxy commerce。

3. usdc is the biggest compliance stabilizer

At present, but Tether's energy is also high and is trying to make a transition, and political resources are good. There are more trafi financial groups to try, and payers like Paypal。

4. Strong network effects of currency stabilization

In the face of ruthless agents, the differentiation of the stable currency will be compressed, and if it can be paid for, agents will choose the lowest frictions and costs, as to whether it's usd1, usdt, or usdc, or a stable currency issued by a bank? Doesn't matter. You say USDC has more commercial resources now? The payment routers, such as visa, stripe, have a much larger network of businesses and channels than Circe, which can also help other stable currency access. As long as the settlement facilitates low friction, the seller does not care what stability currency it receives. The net effect of stabilizing the currency, in the age of payment dominated by angent, may not be as strong。

5.usdc scale increases to hundreds of trillions of dollars at the same time as the scale of the transaction

When there is a high degree of uncertainty in all 2-4 assumptions, the combination of the conclusions to be derived 5 has become blurred。

In the face of a high degree of uncertainty in the AI era, is there such a high level of certainty in Circle's business? I think it's okay。

Buying/holding a Circe at this time is a simple or a difficult question

I think it's far harder than market sentiment。

The words of the family, for information purposes only。