有人问我，链上插队（MEV那套）到底伤害了谁？

I was asked, who does on-chain front-running (the MEV system) really harm?

我脑子里第一反应不是“散户”，而是“叙事里最相信公平的那群人”。
My first reaction is not "retail investors," but "the group that believes most in fairness within the narrative."

说白了，你以为自己在排队买票，结果有人从后门塞钱进来，你当然不会立刻破产，但你会开始怀疑：那我还认真干嘛……
In plain terms, you think you're queuing to buy tickets, but someone slips money in through the back door. Of course, you won't go bankrupt immediately, but you'll start to doubt: why bother working hard anymore...

而且它影响的也不只是交易那一下，更多是传播节奏：
And its impact isn't just on that single transaction, but more on the dissemination rhythm:

同一波热度，插队的人吃到更干净的价格曲线，后来的只能接一地碎玻璃。
In the same wave of hype, those who front-run get a cleaner price curve, while later participants can only pick up broken glass on the ground.

最近看链游那种通胀+工作室+币价螺旋崩盘点就挺像的，普通玩家以为在“玩”，其实在给更会插队、更会搬砖的人当流动性…
Recently, watching blockchain games with inflation + studios + spiraling token crashes feels quite similar; ordinary players think they are "playing," but in fact they are providing liquidity for those who are better at front-running and arbitrage...

反正我现在看到“公平发射”四个字都会先停半秒，想想这队到底谁在控。
Anyway, now when I see the words "fair launch," I pause for half a second, thinking about who is really controlling this team.

先这样。
That's all for now.