X @BREAD | ∑:

This extends to all "opinionated" chains launching these days, btw.I don't care if you're onboarding a gajillion people - if you're simply charging for blockspace with a tx fee you'll be out-earned.As tech matures and apps get more sophisticated they will eat more and more of each $ they generate, compressing the base layer returns.That means you need to have insane capacity as a blockchain to earn even moderate app-like revenue.It just doesn't work.Will take awhile for this to play out, but it's the way th ...