Lately, looking at the economic models of blockchain games, it really feels more and more like the rush hour in an elevator: once the gates open, you can't stop; inflation first pushes the coin price down, and everyone watching the pool is actually just competing to cash out the "future selling pressure" early. To put it simply, the more frequently rewards are issued, the more it seems like they're urging you to sell quickly; once new entrants come in a bit too slowly, liquidity dries up directly, leaving only "break-even anxiety" and mutual sniping.

Now, the trend is also about social mining and fan tokens—"attention is mining." I've come across quite a few, and my first reaction is still: attention can get fatigued, but the output won't be soft-hearted... In the end, it turns into inflation exchanging for heat, and when the heat cools down, the pool becomes even emptier.

I still believe: the projects that can truly survive are not those that pile up rewards, but those that dare to reduce output and make people willing to stay and play. That's all for now; I'll revisit later to analyze how I almost got itchy to short again.