Recently, I looked at another blockchain game pool, and the output is still pouring out, but the number of people is decreasing, and the coins are stacking up thicker and thicker... Basically, inflation has diluted "effort" into noise: the new output doesn't correspond to any new real consumption (burning, upgrading, thresholds, content), and in the end, only the expectation of mutual handovers remains, which of course drags the pool down.



I set a rule for myself: when I see "the returns can be stacked another layer," don’t get excited first, ask who is paying for this layer of return, how long they will pay, and whether there is hard consumption to buy back the coins; otherwise, it’s like the recent complaints about staking/sharing security being a kind of recursive trap—looks full, but the underlying cash flow is empty. Anyway, I’d rather go slow than rely on inflation to keep the hype alive.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned