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Sure, but Ethereum can be mined. I struggle to get behind the notion that a coin that only 101 people can mine will hit 300.

Do you think investment is solely driven by the ability to mine?...Mining became unprofitable for normal people with bitcoin long ago and that hasn't stopped it

No but the fact that so many people did mine Bitcoin is a large part of how it gained popularity.

Yeah I guess that's probably true.

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