Recently, I’ve seen several blockchain game pools shift from “producing great returns” to “withdrawal queues,” essentially because of inflation and unsustainable output design: tokens are released daily like tap water, but real consumption scenarios can’t keep up, and in the end, they can only rely on new money to buy in and replenish liquidity. Once the hype drops even a little, the pools empty out very quickly. Having experienced a few collapses, I now have a conditioned reflex to “high yields”...

By the way, I’m also quite conflicted about the “attention mining” and fan token schemes where “attention equals mining.” Of course, attention is valuable, but being valuable doesn’t mean you can print tokens infinitely. Ultimately, it comes down to who pays the bill and how to recover it.

Right now, the noise outside is too loud. My noise-canceling strategy is simple: first, see how the token is recovered (through consumption/destruction/lock-up). If it’s unclear, just pretend you didn’t see it, and don’t rush to authorize the wallet.