5 ms·
Lets say we agree that this timestampting service is trustless (I don't, but for the sake of the argument lets say I do). Care to explain how you go from that
by fwdpropaganda 9y ago
Lets say we agree that this timestampting service is trustless (I don't, but for the sake of the argument lets say I do).
Care to explain how you go from that to "few cents per bitcoin"? I'm asking for an actual calculation.
- chowells 9y agoYou're asking for "an actual calculation" to back up a Fermi estimate of the true value of an irrationally-priced good? Of course there isn't one. It's a Fermi estimate. The main points were that the value is greater than 0 but the use is exceptionally niche. Pick any other Fermi estimate you feel is appropriate for those conditions. It doesn't change my point.
- fwdpropaganda 9y ago"Fermi estimate"? You know that Fermi was known for backing up his talk with numbers, right? How can you say that then "surely it's a few cents"?
- chowells 9y agoSo, you have no disagreement with my actual point?
- fwdpropaganda 9y agoIs your actual point that bitcoin should be worth at last a few cents just because the blockchain can be used for timestamping?