Recently looking at a few blockchain game pools, it feels like the first thing to die is never the “gameplay,” but the mismatch between inflation and output: releasing a bunch of tokens every day for people to mine, while the buy-side demand doesn’t keep up. The small amount of real money initially in the pool gets siphoned away, leaving only chips that keep getting passed around and taken by others… In plain terms, it’s using future depreciation to pay for current returns—the faster it runs, the more hollow it becomes. What’s even more annoying is that now a bunch of AI Agent/automated trading accounts are back on-chain, interacting back and forth. The narrative is blown up pretty loudly, but I care more about whether they’ve truly nailed down the security details: things like permissions, the authorized allowance amounts, and whether the contract is upgradeable. Don’t let “automatic” end up just automatically delivering headcount to other people. As for what I mean by “long term,” it’s actually only one to two months—if you can get through two rounds of production adjustments without collapsing, then I’m willing to take another closer look.

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