Just saw someone treat a big on-chain transfer as “smart money” entering the market. In reality, it could simply be the normal consolidation of hot and cold wallets by an exchange. Now staking and “shared security” are being hyped pretty hard, and the compounded yields look dizzying, but the finality of block production isn’t something that can be solved just by layering more. Put simply, the extra returns come with extra trust assumptions and slippage risk—don’t mistake illusions for truth. Anyway, someone like me who’s been educated by being rolled back, now I’m watching confirmations more than I’m watching the yield rate.