Last night I was a bit scared: I almost signed a "membership credential" for a PFP project to an unknown contract, the pop-up window looked like I was claiming a benefit, I reached my hand out, and suddenly a thought popped into my head, "This is like handing over the keys in engineering"... I quickly closed it. Honestly, many PFP/membership projects now are competing not on long-term value, but on short-term attention and community sentiment. No matter how good the branding feels, it can't beat a permissions design failure.

Recently, the group has been arguing fiercely about privacy coins/mixing compliance boundaries. I actually think this is the same as PFP memberships: are you buying "identity" and "belonging," or are you buying "explainable rules"? When rules are unclear, the people who end up in trouble are usually the most earnest ones. Anyway, I now care more about the upgrade path, minimal permissions, and whether I can explain in one sentence what I am actually responsible for. That's all for now.