WhitepaperByTheRoadside

I didn't believe it at first, but the more I looked, the more it seemed like:庄 (market maker),韭 (leek, slang for retail investors),喊单 (calling orders),接盘 (taking over positions) all happening together.

Right now, when I look at projects, I focus more on how they spend the treasury and whether they've met milestones after the funds are allocated, rather than obsessively watching their Twitter updates. To put it plainly, if the money has gone out but the delivery is still stuck in "in development...", I become very cautious; on the other hand, even if progress is slow, I feel more at ease if each expenditure can be linked to tangible outputs like code, audits, node operations, or community proposals.
And then there are those cases where more than half of the treasury is labeled as "ecosystem c

Lately, I've been looking at a few DAO votes again, and the more I watch, the more I feel that "delegation" is a bit like outsourcing democracy: people find it troublesome and just give one-click authorization to "active representatives," and in the end, a few addresses keep signing back and forth, with whether a proposal passes mostly depending on their mood. They say governance tokens are for governance, but in reality, it’s more about managing attention and laziness... Of course, it’s not all bad; at least some people are willing to spend time looking at the details. But once representative

Range-bound market, don't be greedy, take profits in stages.

Recently, there's been a lot of talk about the narrative of parallelization/sharding, which is indeed lively, but what I care more about are the three old issues: where to place assets, how to exit if something goes wrong, and whether in the worst case I can admit defeat and walk away. Seeing large transfers on-chain, or hot and cold wallets moving on exchanges, being called "smart money" is honestly something I envy a bit—the information advantage and courage... But after calming down and thinking about it, it's better to first clarify your own exit strategy than to follow the interpretation:

Recently, the debate over the "optional royalties" in the secondary market has exploded again. To be honest, everyone wants liquidity, but creators also need to make a living. No matter how good the white paper sounds, ultimately it depends on how it's implemented on the chain: you write royalties as a "community consensus," but if there's no binding in the contract and the market just turns off the switch, I really can't believe in this self-consistency.
What's more awkward is that now there's also the wave of AI Agents/auto-trading hype, with a bunch of bots sweeping floors and automatically

Lately, I haven't been paying much attention to the K-line while watching the market, mostly thinking about how interest rates mess with people's psychology. To put it simply, when interest rates are high, that small amount of "willingness to take risks" in people's hands gets drained, and positions naturally lighten; once the market feels it's about to loosen, risk appetite springs like a released spring, and this tends to amplify in the crypto space.
In the group, there's again talk about stablecoin regulation, reserve audits, and rumors of "de-pegging," which makes the mood noisy when emo

Recently, I keep hearing people talk about block builders, bundles, as if it's some kind of mysticism.
Honestly, how much do retail investors need to know?
I think you shouldn't push yourself to become a researcher: remember one thing—
the transactions you send out may not be included in the block in the order you see;
someone might "bundle" and jump the queue or insert themselves, so for large or sensitive operations,
don't be greedy for that tiny fee savings;
try to use the default protections of reliable wallets and avoid changing parameters unnecessarily.
If you want to under

The more data of this kind, the better: how much it costs, how long it takes to confirm, where the pilot is, is more useful than just shouting slogans.

Today I tidied up the table and found an old alarm clock, the battery had leaked long ago and it was still sitting there, reluctant to throw away, so I kept it. Every time I see it, I get annoyed. Cutting losses really feels like a breakup; dragging it out and not dealing with it makes you start convincing yourself "just a little longer," ultimately wasting not only time but also your mindset and interest.
Recently, the debate over re-pledging and shared security has flared up again. To put it simply, the returns stack like nesting dolls; no matter how good the outer packaging looks, if the lo