"Perpetual Burn" is not a thing. There is only equilibrium which the protocol always fights to maintain. Its designed to dampen volatility, discourage speculation, and bring burn/mint into balance.
Because fees are denominated in USD, if the price of CC increases, CC burn decreases. The higher the value of CC, the less CC the network needs. Billions minted as rewards flood the market, push the price down, burn of CC increases. A pendulum effect can happen but it always centers on equilibrium.
Celebrating the bullishness of more burning, inferring scarcity, is a fools game that these influencers love to talk about because it gets the likes. Dishonest actors.
And here is the kicker... CC fees are directly tied to Global Synchronizer use, but institutions can choose to run their own private synchronizer and bypass the GS and CC fees entirely. The entire world financial system could run on Canton using private Synchronizers, and rarely if ever have to use the GS or touch CC.
One last question nobody can answer, and moonchick has likely never thought about or discussed... How can anyone be sure that the price speculators have driven CC to($0.11), may not already cover the next 5 years of adoption?
The investment thesis for CC is as clear as mud. And no matter how many big names pile on, investors are just left with poorly founded assumptions.
Some people will make money on CC. I hope lots do. And if I miss out on gains, so be it. All other things equal, its objectively a bad move to invest in a non-scarce asset.