Just when my phone pops up a bunch of red dots: social mining, fan tokens again with "attention is mining"... watching the excitement, but my first reaction is still the old problem of chain games: once the production opens the floodgates, inflation is like a faucet that’s not tightly closed, and the small demand in the pool simply can't keep up.

To put it plainly, many pools aren’t killed by hackers, but by their own token issuance. The more rewards they give out, the more everyone acts like clocking in to get paid, with selling pressure daily; new players aren’t here to play, but to buy your yesterday’s output. Short-term data looks good, but in the long run, it just prolongs the “break-even cycle” until no one wants to wait, then liquidity is withdrawn, leaving behind a field of slippage and complaints.

Attention mining is the same, attention isn’t an asset, it’s more like emotional fuel, burning quickly. Anyway, now I only watch two things in pools: whether there’s a real consumption scenario for the output, and whether exiting will cause everyone to be trampled together. Without these two, no matter how much narrative there is, it’ll only last a few days at most.