Recently, I’ve seen several blockchain game pools collapse very predictably: at first, the output given is huge, everyone rushes in to mine, and when the coin supply increases, it causes inflation. The price softens, so they add more output to "save the life," which makes it even softer... Basically, it’s like using future buy orders to pay current wages, with wages getting thinner and thinner, until all that’s left is everyone passing the buck. The project team talks about economic models, but in reality, they’re just printing money.

In the group, people also argue about privacy coins, mixing coins, and compliance boundaries, as if they’re taking sides. I think it’s quite similar to the blockchain game scene: once everyone starts using "stances" to replace risk control, a crash isn’t far off. Anyway, I personally split my holdings and minimize permissions; I avoid hot wallets whenever possible. Less stimulation, more longevity.