| Claim | Assessment | |---|---| | The math on fees is corr…

| Claim | Assessment |
|---|---|
| The math on fees is correct | ✅ |
| "1B users" is a conservative baseline | ❌ It's extremely optimistic |
| Teranode delivers 1.1M TPS in production | ⚠️ Unverified at scale |
| BSV is positioned to win enterprise/AI | ❌ Significant headwinds exist |
| Fee revenue justifies high valuation | ⚠️ Only if adoption actually happens |