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Yep, yep & it overshadows all the great works of the team shipping, upgrades, etc…. because if you mined at 1c or virtually nothing, u r still making a min +6x with the price at 6… also got no clarity on how much tokens are sitting with miners
I think this is the biggest structural issue at the moment, there is no clear visibility of costs of mining… (which tends to be used as a framework for the floor price of a protocol)… have seen everything from 80c to $1… to folks saying some people virtually mnged to mine for free… A big reset is needed here imho
100% this will be some of the aspects that will eventually morph out of these token factories... yet we may still be one cycle way to early on that... something like $MIRA shows us flashes of the future...
inflation happened... hard to give your best, when you are getting priced out And when the latest Muppet coin does $100M in a manner of wks