Hacker News Reader

This year Ethereum has so far settled over $6 trillion in value on chain.

And the system has revenues. Ethereum did around $35 million daily in fees this last week. Uniswap did around $3 million. https://cryptofees.info/

No doubt there's something to it.

That’s like saying that because people are actually selling shovels and pickaxes there is something to the gold rush.

yeah, it's a reasonable probabilistic inference, not a guarantee

hmm… you mean the people who sold the tools made most of the profit …and the vast majority of miners destroyed the environment to lose a gamble…