Last night, I reviewed that "mining + recycling" pool in blockchain games, and the more I looked, the more scared I became: I almost added more to my position again. Honestly, once the output side outpaces the consumption side, the pool may look lively but is actually being slowly drained by inflation. The early participants rely on the later ones to keep the cycle going. When sentiment cools down and liquidity thins out, prices collapse on their own, and even "striving to make gold" seems like working for inflation.

What's worse is that now everyone has learned to "wait for confirmation" after being hacked via cross-chain bridges or manipulated oracle prices. This consensus makes sense, but for blockchain games that rely on continuous new money/new players to sustain themselves, the longer the confirmation takes, the more hesitation there is. While output continues to surge, buying interest stalls... and that single pause is enough to drag everything down. Anyway, I’ll first reduce my positions; better to miss some hype than get caught in this chronic bloodletting.