To be honest, the pool for chain games has collapsed really fast lately. The output speed is too high, consumption can’t keep up, and inflation has basically ground people down to nothing. I looked at the data—those with high APR can basically only last for a few weeks. If the economic model isn’t set right, in the end both the players and the project teams end up losing money together.

The debate around privacy coins is also pretty divisive. On one side, people say coin mixing is a basic right; on the other, they think compliance is what allows something to endure long-term. Honestly, I’m pretty confused, and I’m not sure which direction is more stable—but it feels like this on-chain controversy is just like chain-game inflation: both are supply and demand breaking down, and trust breaking down too. Anyway, I’m just holding an umbrella and watching from shelter—if the rain gets heavier, I’ll leave first.