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Re:Ask HN: Why crypto is rising so fast when its not creatin... by DennisP on Sunday November 07, 2021 @12:02PM (#29141193)
Ok then skip the word "value" entirely. People are willing to pay a lot for ETH, because they're willing to pay to issue transactions on the network and that increases the price of the network's currency.

That's not a tautology because it's two different things. If they were only paying for the currency, that could be just a speculative bubble. If the price is based on people paying to issue transactions, that's a price built on actual use.

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