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You'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
by chowells 9y ago
You'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?