Every time I see someone hyping “IBC is invincible, cross-chain is perfect,” I just want to laugh. Let’s put it plainly: a bridge is, in essence, nothing more than stacking trust. IBC may sound decentralized, but in reality it requires trusting the validator set, the light client, the relayers, and even the state consensus of the chain itself. Even if only one component—if the validators collude or the light client falls behind—then the money just gets stuck.
It’s pretty much the same as how, when funding rates are at extreme levels, the community keeps shouting “reversal or continuation.” The