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Pete Horne
@horneps
Financial risk is my industry (risk is defined as return variance), yet it’s taken this ride to make me realise duh, an asset with 20% volatility is irrefutable evidence that it is an asset with no intrinsic value to anchor it. Its value is pure sentiment. I also just reviewed a journal article that quantifies it.
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matthewb.eth
@matthewb
imo, ETH’s intrinsic value is enabling end-users to use apps on ethereum and developers to deploy those apps. we can understand “app” broadly to mean anything from a simple stablecoin contract to a consumer mobile app built on an L2. demand for both of these is not consistent over time and typically moves in concert with ETH’s price: higher price → more interest from devs and end-users. so as an asset ETH is very reactive in that sense, and trades accordingly.
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