Similarly, when Taylor Swift performs at a small venue, ticket prices will be higher than when she performs at a stadium. This doesn’t mean that Taylor is delivering more overall value or earning more money when she performs at small venues.
This sounds kind of clever, but the underlying reasoning is flawed.
Elliot Olds
111

Instead of comparing just the ticket prices, look at the total revenue generated from the performance. If Taylor Swift can perform at a small venue and generate the same revenue as in a stadium, then it is valid to argue that her value is unchanged. Likewise if the blocksize reduces by 10x and we see a 10x increase in fees, value is preserved. I reckon blockchains should be compared based on how much transaction fees they generate. That would be a harder metric to game.

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