Last night I checked out a certain blockchain game's "profit pool" again, at first it looked pretty lively, lots of people joining, and the output was strong, but as inflation kicked in, it became very honest: more and more tokens, demand didn't keep up, and the small amount of real money in the pool was diluted rapidly, with selling pressure piling up, and the rewards became a burden instead. To put it simply, the output isn't value, it's just the speed of token issuance...

Now looking at the current staking and shared security yield stacking being criticized as "pyramid schemes," I can understand. If the underlying cash flow isn't solid enough, stacking several layers still means scooping from the same pot. Forget it, to put it plainly: whether the pool can survive depends not on "how high the yield is," but on "who is taking over these outputs." Continuing to watch the waterfall tonight, see who can't hold out first.