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You are not even asking the right questions. The most important one is the supply of alternatives to Bitcoin.
by james1071 13y ago
You are not even asking the right questions. The most important one is the supply of alternatives to Bitcoin.
- maxerickson 13y agoI think this is easy to overestimate, at least if you are looking at cryptocurrencies. I expect there will only ever be a few networks that have 'high' levels of participation and the rest will all be susceptible to computational attacks (high value networks will attract investment in mining capability and that investment will make it difficult to get people to risk value on smaller networks that use the same proof of work).
- yummyfajitas 13y agoI am asking the right questions. If economic growth shifts from BTC into other coins, then Y (real GDP of the BTC economy) will go down. This will be reflected in the money price level formula.