Qtum’s founder Patrick Dai shared his “calm reflection” about blockchain industry on his WeChat Moments on Saturday. In his opinion, the industry has gradually embarked on the long-term development track. Those unrealistic plans and fraudulent projects will fail in the end.

Dai also highlighted that a series of landmark events will happen in the blockchain world such as regulatory actions, scandals, and the falsification of a large number of projects and concepts. Then the industry will engage in a prudent process to develop. The marathon just kicked off.

Here are 10 points of Dai’s thinking: