Parallel/sharding has recently been a hot topic again, but I really can't just focus on the narrative now... To be honest, I'll start with two questions: where to store assets, and whether they can be withdrawn. Running through the interaction path—permissions, upgrades, cross-chain bridges, emergency switches—these are more decisive for whether you can sleep well at night than "throughput."

A few days ago, the NFT royalty debate also looked quite similar: on one side, saying they want to protect creators; on the other, complaining that secondary sales lack liquidity. Either stance is fine, but for someone like me, a cynic, it ultimately comes down to whether the "sell-out channel gets blocked" or whether the market is willing to take over.

I used to say "I only look at on-chain data," but then I realized that can also trap you with your own stubbornness: no matter how detailed the on-chain data, if emotions collapse, you'll still get trampled. Now I think it's best to walk on two legs—first, to survive; if possible, exit before talking about stories.