Your own real-life savings, cash flow, and defensive assets must be in a certain ratio with your crypto assets. If I have 5 million in crypto, then my real-life cash, bonds, stocks, and insurance must be at least 5 million, not counting real estate. Your real-life money is your life reserve. Even if your crypto money is really stolen, your contract blows up, your phone is robbed when you go out drinking, you are a big whale and someone has targeted you, or you go deep-sea fishing, then you still have real fiat currency to keep as a backup, at least your quality of life will not drop sharply, and you have backup savings, so you will not fall back into poverty overnight.
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Bitcoin broke through the historical high of 100,000, and the market continued. In the future, more and more developers will build an ecosystem on Bitcoin. The higher the price of Bitcoin, the higher the handling fee. At this time, a second-layer project is needed to reduce the fee so that everyone can play with the Bitcoin ecosystem. Spiderchain was developed by @BotanixLabs and is positioned as a decentralized equivalent EVM second layer on Bitcoin. Polychain, Placeholder and others participated in the financing of 11.5 million US dollars. Aragog testnet has just been released. This is the testnet v1 stage launched by Spiderchain in multiple stages, preparing for the Spiderchain mainnet in 2025. It is expected to be launched on the mainnet in Q1 of 25, and real users are encouraged to actively participate in testing.
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