What a lot of these folks aren't getting is that the price of their token is not logically correleated to the underlying service. Solana might be an amazing thing, but the price of the token only irrationally trades on that principle. Where as bitcoin is itself the product, the perfect digital scarcity of it. This is why it's its own asset class apart from other crypto. I think Solana and all those other things might do great shit and provide great value, but the token price has almost no rational correlation to that service.
Discussion
Yep, the value goes to the service built on it. ( If any appear )
Well said. But disagree on one thing. They don't do or solve anything other than enable shit to be built and exist withing their own shit ecosystem
So value only lies in its own framework which is near 0
Could be, I'm agnostic to the future of shitcoin platforms generally, but stand by my token valuation thesis.