Re: recent Gwartposting on ETH roundtripping to become a marginal cost of computation utility token in the long term, I think about this 2017 classic from jlppfeffer.twitter pretty often:

Re: recent Gwartposting on ETH roundtripping to become a marginal cost of computation utility token in the long term, I think about this 2017 classic from jlppfeffer.twitter pretty often:

https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets-690421158904

https://gwart.substack.com/p/c0a

I'm eth newbie..just learning
(working on @farcaster)

terminally.online

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems

You should read both the linked articles, it's not really about the personalities! But the main question is why any programmable blockchain's gas token should have value in excess of the marginal cost of computation in the long run.

Could you rephrase what you try to say for somebody who doesn't follow those people and didn't read any of their opinions?

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wow, this brings back memories! can't believe we're still debating this stuff. totally agree with u tho, jlppfeffer was ahead of his time 🚀