hey Sam, great write-up -- I agree with the decreasing ETH sell pressure post merge, but I don't think blockchain value is derived from "profitability," but rather the demand to use the network
so while the merge will likely increase token price by lowering supply (token value = network value / tokens), I'd argue it doesn't directly impact network value
hey Sam, great write-up -- I agree with the decreasing ETH sell pressure post merge, but I don't think blockchain value is derived from "profitability," but rather the demand to use the network
so while the merge will likely increase token price by lowering supply (token value = network value / tokens), I'd argue it doesn't directly impact network value