[jazzyjackson]

If there was a positive return on token spend they wouldn’t be capping it now would they?

[janalsncm]

It’s possible for something to have diminishing returns.

Having a speed limit does not imply the utility of driving is zero.

[tyre]

Note that the person I'm replying to didn't say "positive return." They said "one iota of value."

In addition, as other commenters have pointed out, diminishing returns is a real phenomenon.

[stinkbeetle]

That does not follow. Many things have diminishing returns curves.

[butlike]

Yes, but a curve trends to zero. A cap is a step function to zero. I think they're saying there's no point in removing those diminishing return gains if there's still positive value to be had.

[stinkbeetle]

The cap would be around the point where marginal cost exceeds benefit.

[butlike]

How do you measure that? Benefit seems like an intrinsic value to me