Recently, there has been a flood of "social mining/points/badges" talk again, basically using your time and attention as collateral. Everyone is signing in daily, reposting, joining groups to chat, busy as if they are at work, but when it comes to cashing out, they first have to check: can the points be transferred, where does the liquidity come from, will the rules change overnight. Don’t just listen to the community’s "identity narrative," I usually first glance at the on-chain fund flows and contract permissions; if there’s no exit, I treat it as air.

And also, these days cross-chain bridges have had issues again, after oracle prices went haywire, everyone started the "wait for confirmation" consensus... It looks rational, but it’s actually just dragging. Anyway, I’m not too into badges right now, occasionally I dip in the opposite direction, but I won’t be fully invested, nor will I drain my life savings. Forget it, that’s how it is for now.