- Dec 13, 2023
- 154
- 1
In the development of the cryptocurrency industry in the past few years, "narrative" has become the most powerful growth engine. A concept, a roadmap, and a grand vision are enough to gather a large amount of attention and funds in a short period of time. However, as the cycle changes, more and more participants begin to realize: Narrative itself does not generate value, it can only temporarily amplify expectations A system that can truly withstand cycles and withstand the test of time must be rooted in the real world, relying on real needs, real transactions, and real cash flows to operate.
Coinsidings' value logic is particularly special in this context. It does not attempt to construct a financial utopia that is detached from reality, but chooses to enter from the simplest and most difficult to replace industry - tourism. Not because tourism is sexy enough, but because it is real enough. Humans will continue to travel, consume, and generate service needs. This behavior does not need to be educated, nor will it disappear due to market sentiment. What Coinsidings does is not create demand, but redesign the distribution of value generated by demand .
Therefore, to understand Coinsidings, we cannot start from "whether the narrative is grand enough", but must start from a more fundamental question: ** Can the behaviors that occur in the real world every day be effectively transformed into long-term value for users? This is exactly the core of this article's attempt to explore from the perspective of investment research.
Why is "narrative value" losing its persuasiveness?
In the early stages of the encryption industry, narrative was a necessary tool. It helped people understand new technologies, imagine new orders, and provided trust buffers for immature systems. However, as the industry gradually matured, if narrative could not be transformed into real economic activities, it would quickly become a bubble. More and more participants found that they were not participating in a continuously growing system, but a story that was constantly being refreshed and replaced.
The biggest risk of narrative value lies in its extremely low dependence on reality. As long as attention exists, the narrative can be continuously amplified; once attention shifts, the narrative will quickly collapse. Such a value structure cannot withstand the test of time and cannot provide stable expectations for long-term participants. For users, this means that their participation is more like a bet than a logical and accumulated long-term choice.
Against this backdrop, the market is beginning to re-evaluate "where value comes from". Consensus is shifting: Trustworthy systems must be able to operate without narrative support It needs real demand as the foundation, real transactions as the blood, and real participation as the driving force. Coinsidings has chosen a path that is completely different from the mainstream narrative path based on this judgment.
The starting point of Coinsidings: not a concept, but a real industry
The starting point of Coinsidings is not a technological breakthrough or financial innovation, but an industry that has long existed but has long been monopolized by platforms - tourism. The uniqueness of the tourism industry lies in its global scale and high verifiability. Every booking, stay, and trip will form a clear order and service delivery. These behaviors cannot be "spoken of", only "done".
From the perspective of investment research, the tourism industry has several extremely important characteristics. Firstly, it is a long-term rigid demand. Regardless of how the economic cycle changes, human demand for travel and experience always exists. Secondly, it is a behavior-driven industry, and the generation of value depends on real behavior rather than emotional expectations. Thirdly, its market size is huge and dispersed, naturally suitable for reconstructing efficiency and distribution through technological means.
Coinsidings captures this point. It is not trying to reshape tourism itself, but to reshape the attribution relationship of tourism value . In the traditional OTA model, user consumption behavior and merchant service behavior are ultimately absorbed by the platform as its own value; in Coinsidings' design, these behaviors are regarded as the core assets of the ecosystem and redistributed to participants through rules and algorithms.
This choice determines that the value foundation of Coinsidings does not depend on future imagination, but on the real world happening now. As long as someone is traveling, booking, or consuming, Coinsidings' system has the possibility of continuous operation. This kind of certainty cannot be provided by narrative projects.
Coinsidings' value logic is particularly special in this context. It does not attempt to construct a financial utopia that is detached from reality, but chooses to enter from the simplest and most difficult to replace industry - tourism. Not because tourism is sexy enough, but because it is real enough. Humans will continue to travel, consume, and generate service needs. This behavior does not need to be educated, nor will it disappear due to market sentiment. What Coinsidings does is not create demand, but redesign the distribution of value generated by demand .
Therefore, to understand Coinsidings, we cannot start from "whether the narrative is grand enough", but must start from a more fundamental question: ** Can the behaviors that occur in the real world every day be effectively transformed into long-term value for users? This is exactly the core of this article's attempt to explore from the perspective of investment research.
Why is "narrative value" losing its persuasiveness?
In the early stages of the encryption industry, narrative was a necessary tool. It helped people understand new technologies, imagine new orders, and provided trust buffers for immature systems. However, as the industry gradually matured, if narrative could not be transformed into real economic activities, it would quickly become a bubble. More and more participants found that they were not participating in a continuously growing system, but a story that was constantly being refreshed and replaced.
The biggest risk of narrative value lies in its extremely low dependence on reality. As long as attention exists, the narrative can be continuously amplified; once attention shifts, the narrative will quickly collapse. Such a value structure cannot withstand the test of time and cannot provide stable expectations for long-term participants. For users, this means that their participation is more like a bet than a logical and accumulated long-term choice.
Against this backdrop, the market is beginning to re-evaluate "where value comes from". Consensus is shifting: Trustworthy systems must be able to operate without narrative support It needs real demand as the foundation, real transactions as the blood, and real participation as the driving force. Coinsidings has chosen a path that is completely different from the mainstream narrative path based on this judgment.
The starting point of Coinsidings: not a concept, but a real industry
The starting point of Coinsidings is not a technological breakthrough or financial innovation, but an industry that has long existed but has long been monopolized by platforms - tourism. The uniqueness of the tourism industry lies in its global scale and high verifiability. Every booking, stay, and trip will form a clear order and service delivery. These behaviors cannot be "spoken of", only "done".
From the perspective of investment research, the tourism industry has several extremely important characteristics. Firstly, it is a long-term rigid demand. Regardless of how the economic cycle changes, human demand for travel and experience always exists. Secondly, it is a behavior-driven industry, and the generation of value depends on real behavior rather than emotional expectations. Thirdly, its market size is huge and dispersed, naturally suitable for reconstructing efficiency and distribution through technological means.
Coinsidings captures this point. It is not trying to reshape tourism itself, but to reshape the attribution relationship of tourism value . In the traditional OTA model, user consumption behavior and merchant service behavior are ultimately absorbed by the platform as its own value; in Coinsidings' design, these behaviors are regarded as the core assets of the ecosystem and redistributed to participants through rules and algorithms.
This choice determines that the value foundation of Coinsidings does not depend on future imagination, but on the real world happening now. As long as someone is traveling, booking, or consuming, Coinsidings' system has the possibility of continuous operation. This kind of certainty cannot be provided by narrative projects.