These past couple of days I’ve been looking at a few blockchain games’ “yield pools.” To put it bluntly, it’s inflation that basically bursts through the pool: the game keeps spitting out tokens fast every day, but the real consumption scenarios are limited—upgrading, drawing cards, repairing… Once new players can’t keep up, the selling pressure is like a faucet left running. Prices drop, and players are even less inclined to stay. In the end, the pool is left only with “who can run the fastest.”

So how do you tell whether it’s still worth touching?
I usually start by checking whether the output pace can be covered by consumption; if it can’t, don’t delude yourself with thoughts like “just wait for the market to get better.” Figure out your costs and exit path first. I’d rather do fewer tasks than lock myself in.

One more thing: recently, the group has also been arguing about privacy coins/mixing compliance, and it’s pretty similar logic. The fuzzier the boundaries are, the easier it is to turn into a pool where everyone keeps throwing blame at each other… Anyway, I only do processes that can be reproduced and explained clearly. If I step on a mine, I admit it. That’s how I’m handling it for now.