These days, I’ve seen a bunch of people talking about re-staking, shared security, with yields stacking layer upon layer. It looks pretty good, but I always feel like many people are stacking illusions… To put it plainly, the underlying risks don’t disappear just because you change the name. Instead, the permission chains get longer and longer, and when something goes wrong, you have no idea who actually holds the keys. Last night, I looked into the blockchain, and after a delegate transaction, there was a very strange approve(spender=0x7b…E3, amount=max), with the authorization maxed out. Seeing that made my scalp crawl. Anyway, I’d rather eat less than sleep uneasily. Also, there’s been a lot of heated debate in the community about privacy coins/mixing and compliance. Everyone’s emotions are running high, but I just say: tools aren’t to blame, and you should first think clearly about permission and accountability boundaries. Don’t let “shared security” end up as “shared blame.” That’s all for now. I’ll go clear the authorizations on a few wallets.