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eddylazzarin
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Something interesting about this
pump
: no one’s even inventing a reason. There’s usually at least one popular bogus explanation.
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eddylazzarin
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L1 tokens aren't blockspace. They're: 1: the token you (usually) use to pay for blockspace 2: the token that captures value (via burn) from consumed block space Blockspace is the "oil" (commodity). The network token is just ownership in the network/marketplace that sells it.
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The strongest case so far against DCF for valuing L1s seems to be comparison with bitcoin, which is not a very good argument. Sprinkling in words like "money" doesn't help much since the word has ~no rigorous meaning in crypto.
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Just in time for the REV debate, here's our MEV explainer (link next). When designing blockchains or apps, it's critical to take MEV into account as way value might be captured — or leaked — from everyone involved.
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Bitcoin envy creates some of the absolute worst takes in crypto.
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Why are we forcing institutions to collect honeypots of sensitive, slowly-changing personal data? Every layer of the financial system should exploit every cryptographic tool to minimize data collection. We have the technology to make radical privacy the default. Let's build it.
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