Viewed as scarce protocol-use keys, it seems odd to me that tokens are being sold to random people rather than the most likely users...
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...would you rent from a car rental company organized as bunch of middlemen wandering around parking lot with keys, bidding for your rental?
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...Sure you can view them as speculators who create liquidity, but these are not dumb instruments. They are meant to be used...
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...functional artifacts (as opposed to denotative ones) being held by non-users represents a kind of operational deadweight...
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