Fermi Problem: Where Might Valuations Go... / Economics
https://wikipedia.org/wiki/Fermi_problem https://www.darkwebguide.net/bitcoin-predictions-how-to-estimate-bitcoins/ https://www.reddit.com/r/Bitcoincash/comments/83uxf1/finally_we_priced_crypt... https://twitter.com/miniposcash https://www.youtube.com/watch?v=caUDXLqpdYc https://www.youtube.com/watch?v=tTOWluc8Zrw https://wikipedia.org/wiki/George_Selgin https://www.hillsdale.edu/wp-content/uploads/2016/02/FMF-2014-Bitcoin-Proble... https://twitter.com/GeorgeSelgin https://wikipedia.org/wiki/Gresham's_law http://www.bittsanalytics.com/ https://www.reddit.com/r/Bitcoin+Bitcoincash+CryptoCurrency+bch+btc/
On Tue, Mar 13, 2018 at 03:37:53AM -0400, grarpamp wrote:
https://www.reddit.com/r/Bitcoincash/comments/83uxf1/finally_we_priced_crypt...
Damn - a TLDR which says no more than "I'll try and explain, read on"! Mofo! So, having had to read the fine article, here's a tldr for those who want it: Proposed value of BCH: - treat it as a store of value, rather than inherently valueless - even logically this is reasonable, even "ability to facilitate transaction between two humans" is an inherent value for any currency - traditional fiat currencies: at least one G20 country's fiat shall experience hyperinflation (halve value inside a month) in the next 30 years, and 28 other major currencies will be dragged into that quagmire with at least > 10% inflation for a period - start with M1 money supply, apparently ~$30T USD (globally) - 1% inflation hedge (i.e. hold this amount in DC/crypto) of this as a "reasonable hedge against future national inflation" -> $300BN - plus 'magical formula' hedge against hyperinflation -> $113BN - TOTAL = 300 + 113 = $413 BN (minimum baseline DC global valuation) - realistically, since various other actual purposes and values exist, DC's have a much higher inherent value proposition, e.g. a step towards decentralisation of currency creation, fluid (low cost, and low latency) cross border transactions (which PayPal certainly capitalized on), etc.
From the article:
Facts Hyper-Inflation is defined as when a nation's currency loses 50% of its value in less than a 1 month period. Over the last 30 years, 28 countries have entered a state of Hyper-Inflation. Over the last 30 years, 2 G20 countries have entered a state of Hyper-inflation. The 2 G20 Countries are Brazil (1990) and Russia (1992). Their M1 money supply are approx 100BN and 300BN USD respectively.
On Tue, 13 Mar 2018 03:37:53 -0400 grarpamp <grarpamp@gmail.com> wrote:
ver is of course right about how bad censorship is and that the core gang can't be trusted. but that doesn't mean he's technically right about 'scaling solutions' and interestingly ver is associated with fucking retarded scammer craig wright, ver admits that wright is a scammer, and he doesn't care.
case in point
lawl - a piece of shit, fake libertarian and advocate of 'free banking', which is a codeword for fractional reserve banking, also known as fraud. grarpamp, you need to learn about fake libertarianism.
participants (3)
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grarpamp
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juan
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Zenaan Harkness