The Importance of Hyperstructors in Cryptocurrency

I think where we disagree is that I say that as forkability goes up, value goes down and that I agree with that. And so then the question is just if you agree with that, then hyper structures become more akin to somebody buying a token because they think that everybody else is also going to buy that token, right? So it becomes much closer to speculation. This isn't to say that speculation can't create stable value, right? We could like you mean a bunch of our friends could create a private market for a token and we could all buy into that thing and we could just never sell,. But the point is just that speculative tokens have intrinsic dynamics that tend towards people defecting

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