I'm now checking whether the project is seriously working, rather than just listening to loud claims. I first glance at the treasury expenditures: where the money is spent, whether the pace is steady, and if the milestones are being met one by one. It's not about being stingy, but about that kind of "every time an announcement is made, I conveniently give myself a raise or pay the consultants." Seeing this too often makes my stomach turn... Genuine work-related expenses are usually quite "boring": audits, infrastructure, developer support, bug bounties—slow progress but able to be reviewed afterward.

Recently, everyone has been talking about interest rate cut expectations, the US dollar index, and risk assets rising and falling together. In other words, when a macro wave hits, the narrative tends to drift more easily. I prefer to "get used to" enduring it: habitually compare treasury flows and milestones once a month, habitually lower expectations, and save enough to survive several rounds of turbulence. Anyway, I don’t chase hot topics; I prefer to watch whether they are truly working on building the road seriously.