Shuyao Kong - 10 Things I Hate About Crypto - TOKEN2049 Singapore 2025
In a compelling talk at TOKEN2049 Singapore 2025, Shuyao Kong, co-founder of Mega East, shares a nuanced critique of the cryptocurrency industry titled "10 Things I Hate About Crypto." Drawing inspiration from the iconic romantic comedy "10 Things I Hate About You," Kong explores the complex love-hate relationship many enthusiasts have with crypto.
Kong begins by likening the dramatic cycles of the crypto markets—volatile bull and bear phases—to the tumultuous romance depicted in the movie. Despite the frustration these cycles bring, they serve a critical function by filtering out "tourists" and strengthening community bonds. Kong also tackles the industry's fixation on money, highlighting both its irksome distractions and its foundational importance to blockchain technology.
The presentation delves into decentralization, rotation of market trends, and the industry's relatively small scale, each carrying its own set of challenges but also opportunities for growth and innovation. Kong emphasizes the industry's suboptimal user experience, citing it as both a frustration and a call to arms for developers eager to improve.
Ultimately, the most significant issue Kong identifies is the inertia within the community—the reluctance to address and rectify existing flaws. Yet, there remains an optimistic belief that the industry holds the power to enact change and fulfill its foundational promises of decentralization and autonomy.
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