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These past couple of days, I've been watching a blockchain game pool, and the more I look, the more it feels like a slow-motion collapse: issuing tokens faster than producing value, the "rewards" added to the pool each day are actually just diluting the insiders. At first, everyone's sentiment heatmap was blazing red, but once trading volume dropped and inflation kept running, the selling pressure turned into a fixed routine... Honestly, the output hasn't kept up with the consumption scenarios, and the more rewards there are, the more they seem like a death knell.
Then I thought about the recent criticism of that "yield stacking" staking method being called a copycat, which has the same vibe: discounting future security/expectations into rewards. It looks great in the short term, but in the long run, it depends on whether real demand can support it. Otherwise, it just boils down to who takes over whom.
I'll first revoke my authorization for this pool, and while I'm at it, add a couple of timeline entries so I don't forget why I left in a few days.