Recently, I've been looking into re-staking/sharing security again. The compounded returns do sound quite tempting, but I keep feeling that many people aren't stacking gains—they're stacking illusions: the underlying risks haven't disappeared, they've just been wrapped in a more difficult-to-see package. To put it simply, you're using the same collateral to back multiple chains, and when something goes wrong, they'll all shake together. Don't expect the words "diversification" to automatically take effect.

Some people also hype social mining and fan tokens as "attention equals mining." Listening to that just tires me out... Attention is indeed valuable, but it's more like a leverage on emotional fluctuations; the reward mechanism changes, and it all falls apart. I used to say, "I only look at on-chain data," but then I realized on-chain data can also be manipulated to look a certain way, so now I also pay attention to sentiment, but only as a noise filter. Anyway, my positions are still based on a coffee recipe: main ingredients are stable, and I use less flavoring.