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by billjings 1682 days ago
USDC only has value because it's pegged to a non crypto asset. Is there a crypto asset with its own clear valuation?

And Eth - it is easy to say that it should have value. But what value should it have? What's my investment model for eth? As I said in my original comment, the value of the whole Ethereum system doesn't necessarily make Eth valuable. Beachfront property is extremely valuable, but that doesn't make sand a good investment.