Dragonfly partner publishes article "In Defense of the Exponential Function": Calls for a Re-examination of Blockchain's Long-Term Value

ChainCatcher News, Dragonfly partner Haseeb published a long post on social media titled "In Defense of Exponential Functions," reflecting on the current pessimism in the crypto market. He pointed out that the market sentiment has shifted from "financial nihilism" to "financial cynicism," with many believing that blockchain projects are overvalued and will face a crash.

Haseeb used Amazon as an example, noting that the company only began to truly profit 22 years after its founding, and before that, critics constantly questioned its business model. He believes the blockchain industry is at a similar stage and should not be evaluated using linear growth thinking or traditional financial metrics such as P/E ratios.

The article emphasizes that blockchain technology will exhibit exponential growth, similar to the early development trajectory of e-commerce. Although the growth may not be as smooth as e-commerce, its potential should not be underestimated. Haseeb believes that blockchain will ultimately change the way finance and money operate, just as the internet transformed other industries.

He calls on investors to become long-term believers, trusting that blockchain will bring about a fundamental transformation of society and finance, and stated, "If you believe in exponential growth, from a long-term perspective, everything is still very cheap right now."