I like your thesis. Hive and Ethereum have unlimited max supply of I'm not mistaken, which seems counter to the scarcity concept. Yet if it's used a lot, or burns occur, then it doesn't dilute price or value.
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Burns are used a lot trying to manipulate stock price. That is the problem with Wall Street....so many CEOs are concerned about stock price instead of building long term value for their companies.
It is a cancerous mindset and one that infected crypto completely.