Memoirs of an underground market
“In 2013 I was dumping B-grade goods in Bangkok’s Chatuchak market, and in 2023 we were supplying directly to Wall Street hedge fund managers – it was the bloody law of the industry’s evolution:”

1.Supply chain deterrence pyramid

Tier 1: 代工厂流水线残次品（淘汰）
Tier 2: 模具师私制改良版（2018年前主流）
Tier 3: 军用级材料逆向工程（当前标准）
Tier 4: 超前泄露未市售款（仅限黑卡客户）