Benedict Evans says infinite demand for tokens does not guarantee pricing power: (opens in new tab)

Benedict Evans says infinite demand for tokens does not guarantee pricing power: "Right now, we're in this period of extreme disequilibrium of supply and demand and price and CapEx and capacity. But just because demand for tokens is infinite, that doesn't mean that you can't get to a different price equilibrium." "That's what happened with mobile data. Demand for bits is infinite. It's grown 1500, 2000x in the last fifteen years. But you still got to a supply and demand price equilibrium, and...