In the past couple of days, another blockchain game pool has collapsed, and it's not just because "no one is playing anymore"... More so because the economic model is draining itself: the output (coins/items) is being released too quickly, and demand can't keep up. Early entrants sell every day, latecomers keep buying in heavily, and when prices drop, the returns look even higher, attracting more short-term traders who sell even faster... Inflation is like opening the floodgates, and the pool just keeps leaking. To put it simply, the game hasn't effectively created "consumption," only "mining," which will eventually lead to exhaustion. Recently, the stacking of yields through staking has been criticized as a copycat scheme, and I think the logic is similar: an additional layer of yield on top, but the actual underlying output hasn't changed, so in the end, someone still has to buy in. Now I really don't dare to rush in just because the APY looks good; even if I get itchy, I need to first write down: who is buying, why are they buying, and where is the exit channel, or else I'll chase the hype and end up questioning my life.