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Trader Eugene admits GNON investment failure: will release experimental content with caution in the future
2024-10-28 03:56
Odaily News Trader Eugene Ng Ah Sio wrote on X, "Admit it, failure is failure. When hunting in the trenches, you will inevitably get stuck on things that don't work. Given the activity of these AI accounts, new data is constantly being released and people need to continue to adjust based on this data. I will be more careful when talking about experimental things on X in the future." As of press time, GNON's market value is now US$8.6 million, a pullback of more than 50% from its high. Earlier news, Eugene Ng Ah Sio posted on the X platform that "In terms of defensible staying power, I prefer philosophical immutable ideas that cannot be replicated and do not require active maintenance through uninterrupted content generation. The emergence of Twitter's large language model (LLM) means that incumbents are vulnerable to many different attack vectors over time (better large language models, playing different roles). New religions and cults seem intuitively more suitable as Schelling points for long-term markets (Odaily Planet Daily Note: This can be understood as a consensus focus without communication). After all, this is the story of how BTC began." The accompanying picture is a philosophical analysis of the popular AI token GNON, which is suspected to be a call.