3 ms·
> There is thus a new theorem: the value of WitCoin should, in equilibrium, be equal to the marketing costs of its potential competitors. Apply that to anythin
by reedlaw 13y ago
> There is thus a new theorem: the value of WitCoin should, in equilibrium, be equal to the marketing costs of its potential competitors.
Apply that to anything else and it easily breaks down. E.g. the value of iPhones should be equal to the marketing costs of its potential competitors? Luxury cars? Brand name clothing?
- tapertaper 13y agoThose goods are all highly unique with no easy substitutes. One currency can buy something as easily as another.