Recently, a bunch of social mining, points, and identity badges are flooding the screens again. Basically, it's turning "sense of participation" into KPIs. Watching the excitement, I do a quick calculation of the time cost and feel a bit heartbroken for myself... Daily check-ins, retweets, group chats to stay active, and in the end, changing a profile picture frame—it's like splitting life into taskbars.

Now, when I look at projects, I first seek self-consistency: what exactly can these points be used for? Are they tightly bound to on-chain actions, or are the rules easily changed at will? No matter how gentle the white paper is written, if the execution relies solely on a line saying "we will take care of old users," I basically consider it unseen.

Recently, RWA, US bond yields, and on-chain yield products have been lumped together for comparison. I get tempted too, but what I care more about is: where does the yield come from, who bears the risk, and who gets hit if something goes wrong. Badges and points are at most just tickets; don’t waste your time chasing them. Anyway, most likely, you won’t even remember why you worked so hard in the first place. That’s all for now.