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Tokens are like bandwidth. The more I see the more I get echos of the dotcom bubble.
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Tokens are more like oil. There's a million different uses for them. The problem is finding enough them, in good quality, and getting them cheap enough that you don't spend more than they're worth. But they're definitely valuable and useful.

But really it's all more like the railroad panic of the 19th century. Investing too much, too soon, in something that does have promise, but not if you can't pay for it.

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