You're right, I'm just thinking there is some long hedge that keeps the game going, like the transaction fees, where you get demand for transactions that are be

You're right, I'm just thinking there is some long hedge that keeps the game going, like the transaction fees, where you get demand for transactions that are bets on blocks. The whole thing is a kind of self reinforcing stochastic uncertainty cloud (infinite improbability machine?), where the endogenous demand is never zero. Until it is because of something exogenous. Same as fiat.