4 ms·

Can you elaborate on how to came to the discount factor you used?

• mrvc 15y ago
  Without knowing how much real backing the exchanges have it's hard to get a figure on what effect a large dump would have on the market. Additionally, you'll get shock dumpers who do a run on the exchange once they see value erosion. $30,000, although fabricated, feels right. Although i'd add that's probably an upper bound rather than expected value.
• csomar 15y ago
  He means that there isn't enough people to cash with the current rate. That is $500K.
  • roel_v 15y ago
    Yes, I realize that, I'm just wondering how he came to 30k.