I’m now checking whether the project is actually doing serious work, and I’m not looking at PPTs much anymore. I just directly compare the treasury expenditures plus milestones to see if they line up: after the money is spent, are there corresponding “traces” on the chain/in the warehouse/in the documentation? To put it simply, for treasury reviews—audits, security testing, infrastructure—although it’s not very glamorous, you can tell the team isn’t here to slack off. On the flip side, if you bundle a bunch of “market cooperation” and “ecosystem incentives” into reimbursements, while the milestones are still stuck from two months ago, I get a little annoyed.

Lately, things like AI Agents and automated trading are even more obvious: the more inflated the narrative is, the more you should explain things clearly—permissions, signature flows, revocability, limits, and so on. Someone is even vague about the contract upgrade rights; I no longer buy the “we’ll add security later” routine. Even signature failures can piss me off—don’t expect me to be more lenient with your treasury accounts… for now, that’s it.