One of the problems with eth ultra sound money meme is that it is a community admission that success is tied to relative price action. And there’s no winning that game.

玉木さい（ウィンザー）Imagining Heaven on Earth | पुरुष tm.org 

Hmmm… I think price action is the first step in the flywheel that allows public blockchains to become usable for something that can’t be done better via private blockchains

Actually JC, what are the different purposes served by public vs. private and is Hedera public or private? (1000 words please, jkjk)

Several thoughts but I guess just one for now: #1 utility is money. By a mile. Your sacrificing legal recourse for a decentralized charade 100% of the time when you say “dapps and public blockchains” in the same sentence if the underlying platform doesn’t run on decentralized money imo

IMO long term utility drives price, not the other way around. Public and private blockchains serve different purposes, not that we have seen particularly successful private blockchains.