A while ago, the barbershop downstairs had a promotion saying if you recharge 500, you get 1000, and all haircuts and washes are free.
I gritted my teeth and recharged, but after less than three months, the manager changed, and the rules were changed to "Due to renovation upgrades, the original membership card can only deduct 10 yuan each time."
This kind of business, which has absolute interpretive power and can change at any time, is the most painful game. You think you're taking advantage, but in reality, you're using real hard-earned money to gamble on the other party's conscience.
Recently, the points activity of Backpack has also made many brothers feel frustrated. After hard work to achieve a huge transaction volume, the airdrop received was not even enough to cover the handling fees.
This kind of "black box points system" is essentially a war of consumption due to information asymmetry, and retail investors will never win against the project party's backend algorithms.
I've been reflecting recently, why does the Glacier Drop design of @MidnightNetwork seem more like a legitimate business?
Compared to those black box points that make you mindlessly inflate numbers, Midnight chose a more straightforward game:
1. Defined cost threshold: Enter the network with clear pricing, staking about 100 dollars.
2. Reject ineffective internal consumption: It does not allocate resources based on "inflated numbers." For hackers wanting to launch ten thousand script attacks on the network, they need to instantly prepare a real staking cost of 1 million dollars.
3. Real user protection: This 100 dollars acts like a business deposit, making the attacker’s loss-to-profit ratio extremely low, thus returning the network's cleanliness to real users. It doesn't require you to crazily wear out handling fees for "virtual points"; it protects your guaranteed returns.
Should Web3 be a "points-driven frenzy of internal consumption" or a "cost-transparent privacy contract"? If a project requires you to prove your loyalty through "self-harm" handling fees, is it really worth a gamble?
Let's discuss in the comments. How much did you get "duped" this time on Backpack?
@MidnightNetwork $NIGHT #night
I gritted my teeth and recharged, but after less than three months, the manager changed, and the rules were changed to "Due to renovation upgrades, the original membership card can only deduct 10 yuan each time."
This kind of business, which has absolute interpretive power and can change at any time, is the most painful game. You think you're taking advantage, but in reality, you're using real hard-earned money to gamble on the other party's conscience.
Recently, the points activity of Backpack has also made many brothers feel frustrated. After hard work to achieve a huge transaction volume, the airdrop received was not even enough to cover the handling fees.
This kind of "black box points system" is essentially a war of consumption due to information asymmetry, and retail investors will never win against the project party's backend algorithms.
I've been reflecting recently, why does the Glacier Drop design of @MidnightNetwork seem more like a legitimate business?
Compared to those black box points that make you mindlessly inflate numbers, Midnight chose a more straightforward game:
1. Defined cost threshold: Enter the network with clear pricing, staking about 100 dollars.
2. Reject ineffective internal consumption: It does not allocate resources based on "inflated numbers." For hackers wanting to launch ten thousand script attacks on the network, they need to instantly prepare a real staking cost of 1 million dollars.
3. Real user protection: This 100 dollars acts like a business deposit, making the attacker’s loss-to-profit ratio extremely low, thus returning the network's cleanliness to real users. It doesn't require you to crazily wear out handling fees for "virtual points"; it protects your guaranteed returns.
Should Web3 be a "points-driven frenzy of internal consumption" or a "cost-transparent privacy contract"? If a project requires you to prove your loyalty through "self-harm" handling fees, is it really worth a gamble?
Let's discuss in the comments. How much did you get "duped" this time on Backpack?
@MidnightNetwork $NIGHT #night