These days, someone told me again, "Just put it into the AMM and eat the fees," and I just get a headache listening to that... The thing about curves is, honestly, you're just constantly auto-buying low and selling high. When the market starts moving, impermanent loss comes knocking, and the fees might not even cover it. Market making is really not a get-rich-quick scheme. I can't stand queuing on-chain, and even less so when my position is gradually bent by the curve and I pretend nothing's wrong.


By the way, I also find the community's arguments over privacy coins/mixing pretty divided: some only talk about freedom, others only about compliance. In the end, it all comes down to on-chain execution, which is still a bunch of fuzzy boundaries.
What I fear most isn't losing money, but losing control—if I lose money, I can still review what happened; losing control means you can't even clearly say what risks you're taking. That's all for now.
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