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RE: Is it possible to find Bitcoin's intrinsic value?

in #bitcoin7 years ago

Wow, that was a very cool way to break this down. Much better than the guesses being thrown around by pundits or bogus comparisons to the tulip market. This was the best article I saw that dispels the tulip bubble argument.

https://steemit.com/money/@thehutchreport/dimon-is-whistling-thin-air-out-of-his-two-lips-bitcoin-is-not-like-the-tulip-bubble

Oh and thank you for sparing us the complicated details, but I could not resist looking up the complete Fisher version, so here it is also if anyone else wants to see it:

"

MV = ∑ piqj = PT ….(4.1)

where

M = total stock of money in an economy;

V = velocity of circulation of money, that is, the number of times a unit of money changes its hand;

Pi = prices of individual goods;

∑P = p1q1 + p2q2 + … + pnqn are the prices and outputs of all individual goods;

qi = quantities of individual goods transacted;

P = average or general price level or index of prices;

"

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You no what ? I don't understand nothing, I have a lot to learn

there is nothing to understand... if @petpeeves had a daughter, she would certainly not be a genius (there is a big truth in this sentence, and if you don't know the quote... enjoy the ride :)).

Nice to see that you got the quote and the humor ;). I am sure she would, why would she be?

Accounting 101: + -
the rest is garbage ;).

ahaha against which color is this home for sell?