GPT-3 TL;DR: "Since new dapps can be built on top of Erasure, and there will be a positive feedback loop to the network's intrinsic value, the valuation of an Erasure token ends up being a valuation of the network effects that will accrue to the network over time. You've seen how math can help clarify some of the dynamics driving NMR price in isolation (e.g. hedge fund master fund AUM), but the NMR token value should be thought of as a function of how it acts in the network, and who wants collateral (NMR) to stake on the network"
We're planning to build a digital asset (cryptocurrency) thesis model and analysis. Stay tuned for probability explanations of digital asset ideas.