Parallel chains, sharding—these narratives have been heating up again lately, and the group chat is buzzing. But if we strip away the hype, my first thought is still this: where are the assets stored, how do you withdraw, and can you actually withdraw them? A lot of projects advertise “explosive throughput,” but in practice they authorize a long list of wallets, and once you cross a bridge it all goes into a black box. If something goes wrong, you can’t even trace it, let alone follow it back.

AI agents and automated trading are even more absurd. The more they brag about being “intelligent,” the more uneasy I get: are you really saving on operations, or are you just packaging the private keys/permissions and handing them to others to “run on your behalf”? For my part, I’d rather be a bit slower—authorize as little as possible. “More entry points” doesn’t mean the withdrawal/exit path is reliable. Once your emotions are carried along by the narrative, safety and the way out are the easiest things to treat as “something to revisit later.” Anyway, I don’t predict prices. I just watch for the moment when everyone stops asking about risk control and only cares whether prices are going up or not.