Many people have heard an old saying: "Don't put all your eggs in the same basket But the true power of this sentence is how deep and far you can think. Let's start with cryptocurrency. 1/ You may already know that don't bet all your funds on one coin. So you bought BTC ETH、SOL， I feel like I have already 'dispersed'. But have you ever thought about it? These three currencies are actually all in the same basket - the big basket of 'cryptocurrencies'. 2/ The true dispersion should be across baskets. Cryptocurrency is just one type of asset allocation. A higher-level consideration is: Do you still have stock allocation? Bonds? Gold? Cash? Each category is a different basket, which can complement the risks when encountering a black swan. 3/ The stock basket is not singular either. Did you buy all the US stocks? That's still a basket. Taiwan stocks, Hong Kong stocks, and emerging markets are different market baskets. Are all the trading platforms you use the same securities firm? That's also very dangerous. 4/ Do you remember the FTX incident? Even if you diversify the currencies, they all exist on FTX, and it's still a complete annihilation. Platform risk ≠ currency risk. The true decentralization is: currency decentralization, platform decentralization, and even on chain and off chain decentralization. 5/ The same logic applies to stocks: Are all the securities firms you use Yuan Da? All from Fubon? If there is a systemic problem (although the probability is small), you still won't have to run. The security of financial assets sometimes comes from choosing multiple channels. 6/ But looking further up, there is a bigger basket - geographical dispersion. Are all your assets in Taiwan? What should you do if there is a regional risk (political, war, natural disaster)? Asset allocation should also have an international perspective. 7/ You can consider opening an account in a foreign bank, such as Singapore, Japan, or the United States. Some assets exist in different jurisdictions to hedge against geopolitical risks. This is not just the patent of the wealthy, but a sense of risk awareness. 8/ It extends to the level of daily life as well. You use the same email to register all exchanges, banks DeFi App？ This is actually like hanging all the keys on the same keychain. Once this email is hacked, all platforms may go down in a chain. 9/ So: Emails should also be used in a decentralized manner. Important accounts should have independent email addresses, passwords, and even use different devices. Dispersion is not a fear, but a discipline. 10/ Finally, many people even have their identities in the same basket. You only have one passport, one nationality, and one tax status. If there is a problem in your country and you have not filed it. Some countries allow for dual or multiple citizenship, which is another layer of insurance. 11/ To sum up, decentralization is not just about dividing coins, but about: Diversified asset types (coins, stocks, bonds, gold, cash) • Decentralized platforms (different exchanges, different banks) • Distributed geographically (configured in different countries) • Distributed tools (different email addresses, identities, nationalities) Dispersion is the core of anti fragility.