Lately, watching those blockchain games/mining pools, I really feel like watching leftover food in the fridge slowly turn sour... The output initially skyrockets, everyone rushes in, but then token inflation is like opening the floodgates, with selling pressure piling up every day. To put it simply, the pool can only withstand if the "speed of new investors coming in to buy" > "speed of output being dumped." Once that reverses, liquidity thins out first, slippage becomes huge, sentiment collapses, and in the end, all that's left are a bunch of reward numbers bouncing around.

Recently, the testnet incentives and points wave also seem quite similar. People in the group are guessing whether the mainnet will issue tokens. I actually want to see the rules first: Can the output be added arbitrarily? Does the team have the authority to change parameters with a single click? Are the rewards really coming from revenue or just printing money? Anyway, whenever I see a "high output + low consumption scenario," I instinctively take a step back... Let's talk about it next time.