Dragonfly partners published an article "Defending the Exponential Function": calling for a reassessment of the long-term value of Blockchain.

According to Deep Tide TechFlow news, on November 28, Dragonfly partner Haseeb published a long article titled “Defending the Exponential Function” on social media, reflecting on the current pessimistic sentiment in the crypto market. He pointed out that the market mindset has shifted from “financial nihilism” to “financial cynicism,” with many believing that the valuation of blockchain projects is too high and will face a collapse.

Haseeb takes Amazon as an example, pointing out that the company only started to make real profits 22 years after its establishment, and before that, critics had always questioned its business model. He believes that the blockchain industry is in a similar stage and should not use linear growth thinking and traditional financial metrics such as price-to-earnings ratio to assess its value.

The article emphasizes that Blockchain technology will experience exponential growth, similar to the trajectory of early e-commerce development. Although the growth may not be as smooth as that of e-commerce, its potential cannot be ignored. Haseeb believes that Blockchain will ultimately change the way finance and currency operate, just as the Internet has transformed other industries.

He calls on investors to become long-term believers, trusting that Blockchain will bring about a complete transformation of society and finance, and states, “If you believe in exponential growth, everything is still very cheap from a long-term perspective.”