#加密资产安全威胁 After reading this article, I was deeply contemplative.

Our previous imagination of crypto assets was so pure—decentralized, free, breaking intermediaries. But reality seems to silently correct our illusions. From Bitcoin's personalized mining to today's mining pools, from Ethereum's PoW to PoS, and then to the gradual replacement of ETH by stablecoins after large institutional influxes, all tell the same story: technological ideals often surrender when faced with efficiency demands.

What worries me most is not the change in technical routes, but our numbness toward these changes. While retail investors chase dreams of a thousandfold increase in a year, institutions have long woven their nets with ten-year cycles and tiny arbitrage spreads. We have lost the original intention of decentralization but have not gained true prosperity—instead, under the guise of "on-chain migration," we have re-embraced the convenience of centralization.

This reminds me that the core of security education is not just about technical risks but also about cognitive risks. As the wealth effect diminishes today, we need to calmly ask ourselves: Are you holding onto a belief in the future, or merely gambling on prices?

Position management, long-term mindset, and genuine risk assessment—these fundamental skills have never been more important. In an era where any ecosystem can be reshaped, protecting your principal is much wiser than chasing narratives.