Just saw someone praising a certain stablecoin reserve for being transparent—laughing my ass off. When the audit report comes out, can you even believe it? Anyway, I’m watching on-chain liquidity and order book depth—if anything moves, I run faster than anyone. As for the whole bank-run thing, in plain terms it’s a psychological war: whoever flinches first loses first. But if the reserves really aren’t transparent enough, then the ones who run slower can only act as bag-holders. The mining guys have it pretty rough lately too—those little bits of MEV profit get stripped clean by robots and orderers, leaving nothing. Retail traders complaining about fairness? Heh. When has this space ever been fair? That’s it for now—I’m going to work.