This morning it was raining and traffic was jammed, and the coffee sitting in the cup holder kept swaying so it got a little cold... On the way, I saw a few PFPs again shouting about “membership benefits upgrades.” I wanted to laugh, but I also felt a bit envious: this “attention” thing is really hard to resist—very attractive, but it also doesn’t last long. Put simply, PFPs/memberships are more like a brand’s tickets. Whether they’re worth anything long-term doesn’t depend on how cool the avatar art looks; it depends on what you can actually do after you join the group and whether you can keep getting taken care of. Otherwise, it’s just like the milk foam I added on the fly—it collapses in ten minutes.

Recently, in some areas, taxes and compliance rules have been tightening and loosening back and forth. Once people’s expectations about depositing and withdrawing funds shift, the first thing affected is the impulse of “should I still be paying for a sense of identity?” My own approach is: only get involved with memberships that can be treated as tools (for example, saving on fees or getting more stable partnerships). If it’s purely for the vibe, just treat it as buying yourself a cup of bitter coffee—don’t expect it to turn sweet. Anyway, no matter how lively things feel, on-chain it ultimately still comes down to liquidity and sustained delivery.