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Token Value Capture: Moats, Growth and Protocol Fees | Chris Burniske, Fernando Martinelli

Bell Curve

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Is There a Market Based Fee for Creating a Protocol?

The only place that I see creation becoming costless is if you have general purpose AI or whatever GPT producing protocols at near zero marginal cost. There won't be infinite creation because we're limited in that like the number of humans in our capacities in our time and so there's not infinite right? Michael says he disagrees with this idea that like fees go to zero but until creation is costless there will always be fees that are extracted. "I basically think that like protocols will charge the market based fee and everyone will kind of be undercutting each other"

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