I started recording something that’s very plain but actually works: when it comes to whether a project is “reliable or not,” I don’t care how they talk it up. I check GitHub and audit reports first, and then I look at how they set up upgrade multi-signatures. I’m not trying to be an auditor—plainly put, I just look for a few signals: whether the code is being maintained by someone over the long term, whether the audits addressed specific problems (or included fixes), and whether the upgrade permissions are the kind where one or two people can change everything with a single click… If you’re not even willing to lay these out openly, then I’m even less willing to lay my money out.

Recently, that whole “economic collapse” drama in blockchain games is getting replayed again—when inflation gets cranked up to the max, studios rush in, the coin price spirals, and in the end it all comes down to “the next wave of newcomers” to take the bag. When you look back, many of them aren’t that much about advanced technology or mystical math—it’s mostly that permissions are too centralized, and the promises are too empty.

Anyway, the biggest change after I started recording is this: I’m not as easily stirred up by flashy announcements anymore. When I run into links that say “Please connect your wallet immediately to verify,” I’m more alert, and when I call out scammers, I have more solid evidence too. Don’t lose your keys, and don’t lose your mind.