[TTPrograms]

I don't particularly care to rebut the author point by point, but "asset valuation" is an extremely common term that anybody discussing the properties of a novel currency should understand: https://www.investopedia.com/terms/a/assetvaluation.asp

In relation to that I was specifically referring to the misunderstandings present in "Nothing at stake".

You say:

"There are blockchain projects raising literally Billions of dollars on this false guarantee so it is valid to criticize them."

Are you not presupposing the correctness of the author's argument by calling it false? Have you already made up your mind?