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Cryptocurrencies, albeit experimental, have given us an blazingly fast way to value things. At least a few ideas out there have reached multi-million[0] dollar
by anonytrary 8y ago
Cryptocurrencies, albeit experimental, have given us an blazingly fast way to value things. At least a few ideas out there have reached multi-million[0] dollar valuations in a matter of months or less by representing their projects with a coin/token.
[0] I'm sure there are disagreements on how legitimate this is (e.g. manipulated or inflated valuation). If we're talking about "how fast you can inflate your valuation", cryptocurrencies are necessarily part of that conversation, and so far, they are much more direct ways of achieving just that.
- joejerryronnie 8y agoICO's have reached multi-million dollar valuations in a matter of minutes. Caveat emptor.
- anonytrary 8y ago> multi-million dollar valuations in a matter of minutes "matter of months or less" covers this.
- joejerryronnie 8y agoTechnically, yes that statement does cover all smaller increments than "months". But, practically speaking, I think of several days as the lower boundary of that statement rather than minutes.