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AvgJoesCrypto
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Happy $BTC
ATH
day to all those that celebrate?
(Seems to be very few at this point, but what do I know)
#BTCย
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Many runes that are Bitcoin memecoins. Only 1 rune that is a utility token. Few.
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$BTC above $110K and absolute crickets on the TLโฆ
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Happy $BTC ATH day to all those that celebrate! (Seems to be very few at this point, but what do I know)
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Economic security as a means to valuing blockchains really makes no sense. Most value on any blockchain comes from 1 of 2 things: 1) Its own token 2) RWAs (stablecoins) I don't follow the logic of why RWAs need economic security if the ownership of the underlying assets is determined by legal means. For example, controlling Ethereum's validator set does not entitle you to USDT's backing of real-world treasuries. An economic security valuation framework only makes sense when you consider assets with a claim process outside the legal system.
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Valuations in crypto are a complete and total meme. REV, monetary premium, economic security, etc., mean little when all you need is 1 successful marketing campaign. Ultimately, the only valuation that matters is Bitcoin, and your tokens will likely go to 0 against it.
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