> If you follow this through to the extreme you end up with a vicious cycle of boom/bust where any demand opportunity that emerges is crushed under 10x the supp

> If you follow this through to the extreme you end up with a vicious cycle of boom/bust where any demand opportunity that emerges is crushed under 10x the supply increase. The market becomes unstable as new participants have clean balance sheets and older participants go into debt that cannot be paid. Supply is only maintained through the addition of new market participants willing to lose their capital or burn their balance sheet on debt in a private parallel to the tragedy of the commons. You've described the indie games industry.