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I was following your argument until "[...] on the notion that the entire global economy will just flip a switch one day and become this green tech utopia". I'm

• plaidfuji 5y ago
  I got a bit carried away there. My point is that some percentage of people’s valuation of crypto, and similarly, Tesla, and some other green tech plays, is based on the assumption that the entire global economy will transition to their way of doing things. Most crypto enthusiasts hope for (or at least would welcome) the death of the fiat system. Tesla’s valuation eclipsing 10 other carmakers (or whatever it is) basically says “I assume Tesla will be making ~half of all cars globally in the near future”. Alt meat is similar - all of these valuations are based on an assumption of market penetration (and cost reduction!) that would require a massive realignment of supporting infrastructure.