But there are also significant structural and transparency differences in cryptocurrencies that have an impact. Importantly, a conventional startup with high expenses that exceed revenue, or "consumption rate," will see its net worth fall faster in a higher interest rate environment because "burn" implies future borrowing. But in cryptocurrencies, the "consumption rate" of a blockchain isn't aggregated in one place, possibly, but distributed among the various maintainers and contributors in a hard-to-read way. In other words, it is more difficult to understand the actual financial situation of a blockchain ecosystem, especially if it depends on some form of external financing, than when it comes to shares.