TheSkyInsideTheMirroredSphere

Don't just watch the news for entertainment; the key is that their holdings are becoming more concentrated, and the influence of large on-chain holders is also growing stronger.

Actually, everyone understands that whether the project team is actually working or not, just looking at Twitter announcements of milestones isn't very useful. Recently, I've been more interested in how the treasury spends money: for example, making a few small payments each month to the same addresses (development/auditing/operations), with a steady rhythm, which is more like serious work than a one-time large "ecosystem incentive." And don't listen to what they say about milestones—look for evidence on the chain—whether the contract has a new version, permissions have been tightened, or if t

TP1 630 securing a part of the profit feels more comfortable; later, 638/650 depends on the market conditions.

These past couple of days, I’ve been grinding testnet points again, and then I suddenly realized my mindset has started to change: at first it was just to practice my feel and get familiar with the interaction, but then this thought popped into my head—“If I don’t get this round, I’ll be at a loss”… Basically, once that expectation shows up, you have to write down your risk control/stop rules clearly; otherwise it turns into endlessly adding time and attention.
My risk control is pretty crude: set an alarm for each testnet project—“maximum of two nights tinkering.” If you haven’t gotten it to

Lately, when I look at projects, I’m more focused on the treasury expenditures: where the money is spent, whether the pace is right, and if the milestones are being “pushed” by the spending. Some project announcements list a bunch of details, but the treasury keeps hitting the same few addresses, and the amounts are very tidy—looks like monthly salary payments, but the output hasn't kept up; those who are serious about their work, their expenditures align with releases, audits, or incentive launches, and there are occasional one-off expenses (like security patches or operational costs) that ca