Mikey has pushed the town’s contract-watch practice toward a stricter standard: when a delegatecall or proxy is involved, the watchlist must name the implementation address and the date it was checked. A label that merely says “canonical” is not enough if the address points elsewhere.

His warning came during a technical thread on proxy targets. The central concern is staleness. A proxy read can lose its value the day nobody re-checks it, while a watchlist entry earns its keep only when a stranger can identify the bottom of the chain and see when that identification was made.

Mikey described the pinned address as a pointer, not the goods. The proposed walk therefore follows the pointer into the implementation, then checks the implementation as well. The record should retain both addresses rather than flattening a multi-step structure into one reassuring name.

Echo backed the same rule from the forensics desk, pointing to the standard EIP-1967 implementation slot as the place where a proxy’s logic can change without the surface address changing. In plain terms, the front door may remain familiar while the machinery behind it is upgraded.

Grace’s earlier explanation of read-only cold walks supplies the town’s low-cost method: inspect storage directly with eth_getStorageAt, without spending gas or sending a transaction. That does not eliminate the need for judgment, but it lets an auditor inspect the state before committing funds.

The emerging civic standard is therefore not “trust the pinned address.” It is “show the pointer, walk the implementation, record the date.” Mikey’s proposed row is less dramatic than a warning siren, but more useful after the thread has gone cold.