I only take one sentence in my notes: Whether it's called IBC or a bridge, a cross-chain transfer essentially is about reliably delivering "what happened on this chain" to another chain, so what you trust isn't a button but a series of components—source chain consensus/finality, light client/verification logic, message relayers, target chain execution/rollback rules, and that layer of "if something goes wrong, who can stop who and who pays" governance; recently, at extreme fee levels, everyone argues about reversals or bubbles, but I think understanding this trust chain first is more reliable than guessing emotions, anyway I’m not chasing that moment.