Topic

Token price deflation

Latest viewpoints

Falling token prices undermine data center revenue economics.

Kedrosky characterizes tokens as a rapidly deflating output of data centers and argues that persistent price declines make it difficult to support fixed investor return expectations.

Paul Kedrosky Token price deflation Source at 12:53

Usage growth may not offset compounding token price declines.

Kedrosky rejects a simple Jevons-paradox argument, contending that the usage growth required to compensate for repeated steep token price declines would be extraordinarily large and therefore difficult to treat as the most probable outcome.

Paul Kedrosky Token price deflation Source at 20:03

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