You think the value is captured within the Dapps, rather than ETH? Or you don't think much value is captured at all?
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You think the value is captured within the Dapps, rather than ETH? Or you don't think much value is captured at all?
I think both dapps and ETH capture value, and both capture LOTS of value.
All I'm saying is that the realtionship might not be linear. The revenues could increase 10X and the price 100X. Who says it has to be proportional.
It could also be cheaper, hard to figure out.