Recently looking at the RWA on-chain setup, it feels like pouring tea into a beautiful cup, the surface is very smooth, but you won't know if it's hot until you take a sip.

On-chain liquidity is sometimes just an illusion of "looking like many people are queuing," flip the redemption terms, and oh, it turns out T+ days, limits, window periods, and even "suspension in special cases."
Basically, what you're buying is emotion, not cash that can be withdrawn at any time.

Some people hype social mining and fan tokens as attention mining... I just find it a bit funny, attention is indeed valuable, but being valuable doesn't mean you can sell it at any time.
In the end, it still comes down to who takes over and how to exit.

I personally don't talk about "long-term" as something grand; about a quarter,
if I can hold a position for more than three months without wanting to cut, that's when I consider it serious.
Anyway, I’ll first finish reading the redemption page, then talk about faith.