In the past two days, I’ve seen the funding rate swing to extremes again. In the group, people are arguing about whether it’s a reversal or whether the bubble should keep being squeezed—I, on the other hand, don’t feel very excited anymore... The more lively it gets, the more I want to sort out this “keys” matter first.

To put it plainly, my assets aren’t large and I mainly hold long-term. A hardware wallet is enough—at least it separates my daily signatures from my computer and phone. But if you start crossing chains frequently, authorizing a bunch of contracts, or once your position grows, losing a single point or getting phished even just once becomes really unpleasant. Multi-signature is more like “insurance”: a bit more troublesome, but it helps you sleep more soundly.

I’ve also been torn about social recovery. It solves the problem of “people forgetting or losing [things],” but at the same time it introduces variables like “people changing, or getting tampered with.” If I hadn’t been trying to save effort and piled everything into one address back then, I probably wouldn’t have been taught such a hard lesson by the cross-chain bridge... Anyway, now I’d rather move a bit slower—if permissions can be fewer, then give fewer. That’s it for now.