Lately, some people have been talking about whether stablecoins will lose their peg, but I actually don’t feel that panicked. To be honest, many times a depegging isn’t a technical issue; it’s a “bank run mentality” combined with everyone clicking the withdrawal button at the same time. Regarding reserve transparency, I now only look at the basics: what is it backed by, whether the reports match up, and if any third party dares to sign off on it. Otherwise, no matter how many lines I draw, it’s all pointless…

I’ve also gotten used to staying calm, which is pretty old-fashioned: every time I feel impulsive about switching positions or withdrawing everything, I first check the large on-chain inflows and outflows and the net inflow to exchanges, then I go pour a glass of water and give myself 10 minutes. If after ten minutes I still want to do it, I’ll go ahead; most of the time, I don’t want to anymore.

Thinking about the economic collapse of blockchain games, it’s actually the same vibe: inflation runs wild, studios flood in, coin prices start spiraling, and finally everyone runs away… Anyway, I’d rather take it slow now and not be the last one holding the bag. That’s all for now.