In the Web2 era, wanting to lose $50 million (approximately 3.5 billion RMB) required tremendous effort. You had to sign a bunch of agreements, go through a ton of procedures, and find professional teams to help you burn money, just to possibly actually deplete your funds.

Look at Wong Chau-sang—back in the day, he had the task of spending 1 billion in a month, and it looked like he was going to fail. The more he spent, the more he earned. Eventually, his spending turned into 2 billion. With no other options, he had to create a "fat insurance" scheme—1 yuan insures 1 gram of fat, pay out on weight loss, and the entire city's population instantly became fitness fanatics, barely completing the KPI.

But fast forward to the crypto space?

It's a chaotic mess. Playing mahjong all day at most you lose a thousand or two. One air project/shitcoin/contract YOLO move, and in minutes you're down $50 million. Even -$500 million seems too slow—you've got to add leverage on top.

This is the real "ultimate ceiling of wealth destruction efficiency" 😂

Web2: Want to go bankrupt? Please book a consultation with a professional advisor + lawyer + accountant team battle

Web3: Want to go bankrupt? Click your mouse, 3…2…1, congratulations, you've achieved it

Crypto: the ultimate form of human financial ruin history, yyds (not) #币圈 # Web3 #王多鱼 # fat insurance #加密货币 # chaotic operation