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> They could all be built without tokens or a blockchain if they wanted to.

How would you build a decentralized, cross-chain asset exchange without a blockchain?

I agree there are far too many superfluous tokens. But there are plenty of real projects that are based on blockchain.

> But there are plenty of real projects that are based on blockchain.

There are plenty of real projects based on blockchain, where if you take the blockchain out or just replace it with tech we've had for 40+ years, nothing of value is lost.

That's the real blockchain problem.

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