I started recording what I’m betting on every time I use a cross-chain bridge, and the biggest takeaway isn’t “understanding the technology better,” but that my hands automatically slow down... Previously, when I saw L2s comparing TPS, fees, and subsidies, my mind would want to rush in. Now I first look at who holds the multisig for the bridge, whether the oracle is reliable, and most importantly, what exactly we’re waiting for with “confirmation.”

To put it simply, multisig is an insurance against “a few people not being stupid at the same time,” but people can also be phished; oracles sound mysterious, but they’re basically the mouths feeding prices/status, and if the mouth is crooked, the bridge will be crooked too. As for waiting for confirmation, I used to think it was annoying, but now I see it as a cooling-off period: giving myself a chance to back out, and if I find something’s wrong, I withdraw—losing a little is still a gain. Anyway, I talk about greed, but I still keep an exit button in my hand.