Recently watching blockchain game pools, there’s a familiar “failure pattern”: the output increases day by day, but the number of people who can truly absorb it keeps shrinking—until it turns into everyone selling to each other. Put simply, inflation isn’t the original sin. The real problem is that production gets disconnected from demand, yet people still insist on maintaining the “high returns” facade. The more they prop it up, the more hollow it becomes.

In the past two days, when the “yield stacking” setup of re-staking and shared security was being criticized—like nesting dolls—I can understand that too. Once emotions shift, it feels just like a blockchain game accelerator being turned on: the numbers go up fast, and confidence drops fast as well. As for the “long term” I mentioned… probably about one quarter. Only if you can last through three months without emptying the pool, then you’ve got something. Anyway, when I see the output curve shooting up right now, I just pull back—I’d rather miss out.