Your point of legacy economists (and almost everyone else for that matter) not being able to wrap their heads around the difference between crypto and fiat systems is spot on. The whole interest rate mechanism, and thus the entire economic system, is focused on the cost of fiat. The interest rate charged by the central banks/financial system.
In my understanding, crypto systems are equity based. Not debt based. The return generated (via use cases etc) should thus be the main value driver.

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