These days, watching the blockchain for sandwiches and arbitrage, it increasingly feels like crowded night market scenes: you think you've found a bargain, but actually you're just being casually charged a "crowding fee." To put it simply, many so-called opportunities are just others' transaction fees renamed, especially when the market heats up and gas fees spike, it's easy to get caught when you reach in. Recently, there's been talk again about social mining and fan tokens, that "attention equals mining" approach, and I feel a bit dazed: attention can indeed be monetized, but most likely first taken by platforms/robots. The information noise is too overwhelming, and my noise reduction strategy is one rule: only look at actual on-chain flows and paths I can reproduce; if I can't reproduce it, just listen to the story... for now, that's it.

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