Just finished a meeting that lasted two hours, and my ears hurt. Lately, people keep talking to me about address profiling, and they toss out labels like “this is a whale” and “that’s a trading studio” at the drop of a hat. I figure: even if the on-chain data looks great, you still can’t tell whether there’s a real player behind it or whether a script is running. Anyway, I’m more of a realist—I trust who’s actually attending the meeting and who’s doing the work. As for the chain gaming side, even more so: once inflation kicks in, the studios swarm in, coin prices spiral downward, and it just gets exhausting to play. Even if you turn an address into a flower, you can’t save a broken economic model. At the end of the day, people are more reliable than labels—after the meeting, reviewing and reflecting is more interesting than on-chain data.

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