4 ms·
Not many people dare to give a monetary value at this point. What kind of legitimate use case would have the order of magnitude valuation you describe and what
by xorcist 9y ago
Not many people dare to give a monetary value at this point. What kind of legitimate use case would have the order of magnitude valuation you describe and what is your reasoning behind it?
- CommieBobDole 9y agoI may have implied more precision than I meant; my thought is just that the value seems more likely to be small than very large. Reasoning would be the things contributing to value are the utility (it's a medium of exchange) and the scarcity (there can only be a finite number of Bitcoin). But the latter has limited effect because anyone can create a new coin anytime they want to. I could be wrong, of course. I'm not an economist.