Crypto Commentator DaYu: Don't Let Technical Leads Define Products
Crypto commentator DaYu stated that last year he entrusted the planning of a FOMO-type product to two teams with separate funding. One team altered the product according to their own ideas, resulting in no users and a total loss of investment; the other team developed very slowly, only returning part of the funds.
He outlined product principles: crypto products must be directed by those who understand the market, while technical leads should only be responsible for implementation, not deciding what to create. He defines "understanding" as being able to consistently make money in the market, with billions earned considered true understanding; tools aimed at retail investors must clearly understand user behavior in chasing trends and where traffic comes from.
He criticized applying twenty years of internet experience directly to the crypto space. Failures, according to him, should be written as future teaching materials rather than as reviews of audited projects. The names, valuations, contracts, and on-chain funding addresses of the two teams are not disclosed in this post, so they can only be considered anecdotal from the founder's perspective, not as a formal liquidation announcement of an investment portfolio.
In an English interview, the same author viewed meme coins as having zero intrinsic value, with prices driven by emotions and gambling demand, advocating for a barbell strategy: one side high-risk memes, the other side long-term assets. His advice to newcomers is to first engage with Bitcoin, with meme holdings not exceeding about one percent of total funds. "Technology is meaningless, consensus is priceless" is a slogan he frequently uses.
He currently publicly recommends a trading front-end FOMO, which he describes as built by a decentralized derivatives team, priced in USD, capable of cross-chain asset purchases, and utilizing a non-custodial funding solution. This is a different product line from the two failed investments last year, not the same verified financial report.
In market mechanics, the seller is the opinion leader providing planning and funding, while the buyer is the technical team responsible for development. The event-driven nature is that the meme tool window is brief; if the product is delayed by one cycle, it misses the emotional wave. Funds are allocated between "those who can make money defining demand" and "those who can write code defining demand." Beneficiaries are teams that can translate market intuition into interaction; under pressure are development groups chasing the rhythm of the market with traditional product roadmaps, and funders treating opinion leader proposals as demand specifications.
Source: Public Information
ABAB AI Insight
DaYu's position is not that of a protocol layer founder, but rather a commentator who converts attention in the Chinese community into trading behavior and product experiments. His barbell strategy treats memes as casino chips and stocks as ballast, thus his requirements for tools are very narrow: they must serve trend chasers, understand traffic, and outpace the emotional half-life. Entrusting planning to two external teams is a common "tasking without oversight" structure for opinion leaders—branding is his, execution is others', and the cost of failure is termed tuition.
The capital path involves exchanging planning for equity or loans, then switching to a front-end that can earn fees or tokens. The pricing power of meme tools lies with those who can press the buy/sell button ahead of the crowd, not in the architecture diagram. If a technical lead uses a twenty-year consumer internet iteration rhythm for market products, the delivery date often passes the lifecycle of that meme. By using "earning billions to be considered knowledgeable" as a qualification threshold, he effectively writes the product manager's qualifications as a trading transcript, excluding developers from demand rights.
Analogies can be seen in early gambling websites needing odds set by traders, brokerage trading terminals defined by traders rather than backend architects, and Pump-type launchpads determined by market makers rather than contract writers. The industry phase is characterized by an oversupply of memes and shortened lifespans of single coins, with tool windows measured in weeks. A set of experiences used for twenty years here is not an asset but a delay.
The structural judgment pertains to the transfer of pricing power. The mechanism is: once product direction is handed to those not participating in the market, demand is written into a feature list, and pricing power shifts from transaction fees and early traffic to a pile of useless features. The true unit price of C-end tools in the crypto space is "helping users be one step less slow during FOMO," not the completeness of the code repository.
ABAB News · Cognitive Laws
Those who can make money define demand, those who can write code define implementation
Twenty years of experience cannot keep pace with the half-life of a meme
The day planning rights are outsourced is the day demand rights are lost