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As opposed to the depth of your comment.
by onebaddude 13y ago
As opposed to the depth of your comment.
- james1071 13y agoMiaow! The analysis is absurd because it treats Bitcoin as the only representative of an asset class (crypto currency), rather than one of possibly hundreds.
- simplemath 13y agoThere are dozens of altcoins now but LTC is the only one with any real cap - and its purely a speculatve vehicle, whereas while BTC is mostly speculative, you _can_ actually exchange BTC directly for goods and or services in a rapidly increasing number of ways. The ecosystem and brand awareness is novel for BTC, so in that respect I don't disagree with the analysis having focused solely on it - however, I do find their number (remarkably close to current price) a bit leading.
- james1071 13y agoThe analysis assumes a demand for such a currency and assumes that Bitcoin will have 100% market share. That is not going to happen.