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> Billions of dollars worth of assets are stored on blockchains.

There is no mathematical proof that they will be worth billions of dollars tomorrow. I mean, I would wager if the original Satoshi wallets wake up and start selling Bitcoin this time tomorrow the total market cap can be counted in millions.

Sure, maybe mathematically there will never be more than X tokens, but no one cares about that. Everyone at the end of the day cares about what they can trade one token for. Otherwise, it's worth less than monopoly money or Chuck-E-Cheese tokens.



It’s a deflationary currency, which makes it a really bad fit for “fungible currency things”


I agree. What is your point?




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