Recently, I saw that some blockchain game pools have shifted from "high yields" to "daily dumpings," in simple terms, it's because of excessive inflation—more new tokens are coming in than people are entering, and in the end, everyone just ends up taking losses from each other. Many people focus on APY, but what they should really be watching is: where does the output come from, where does the consumption go, and who covers the losses when no one is taking the risk? Without real consumption (upgrades, gacha pulls, tickets also need to be burnable), no matter how beautiful the economic model looks, it can't withstand a wave of emotional withdrawals.

When incidents like cross-chain bridge thefts happen, everyone's first reaction is "don't move, wait for confirmation," and the same mindset applies when oracles malfunction. Blockchain games are even worse: once there's chaos, no one dares to enter; without new players, they rely even more on inflation to keep the hype alive, which only accelerates the collapse.

What I fear most isn't slowness, but chaos: slowness can be waited out in line, but chaos means rules change at any time, data can be fake at any moment, and in the end, you can't even tell whether you should sign or not. Anyway, before I join such pools now, I first check wallet permissions—if I can revoke them, I do; don’t get caught losing money and having it stolen away later.