A lot of my "realist" takes are met with understandable backlash, but I think this is one even ardent cryptobros will agree with

A lot of my "realist" takes are met with understandable backlash, but I think this is one even ardent cryptobros will agree with

https://polynya.mirror.xyz/OXfL6yiNu7wxiLlcoKX3d6EIsVoiB1a7k9MkDIthBAA

Totally agree that the monetary premium plays a fundamental role in these assets. However, I believe it is also relevant to be able to value the economic activity that takes place on these blockchains, which seems to be replacing traditional cloud services by adding a value of legal security based on capital.

Founder of CryptoPlaza. Delegate at dYdX, MakerDAO (Sky), and AAVE. Member of MetaCartel. Ambassador for Superfluid.

This value proposition is what bills 10 million daily every day in case of Ethereum