Valuing the DigiByte Blockchain at $2.1tn and why most people are still making the mistake of focusing in on the price of the coin today. In reality, you have to totally disregard and forget about the coin price..!!

Why the #DigiByte #Blockchain could be valued at $2.1tn

Yesterday, I published the following video and asked towards the end of the video for any questions that anyone would like to put forward.

The #DigiByte #Blockchain valued at $2.1trillion with a Bunch of Red Berries, a Dock Leaf and a Key.!!

One question came in that I wanted to share with you and the answer I gave.

Credit to - So far so REKT

This was the question that was put forward...

You seem to understand it reasonably well I’m a fan of digibyte however could you give your opinion on these 2 factors 1 if I posted you a nice Rolex watch and we agreed a 5k price with xrp as a medium of exchange I posted it yesterday it arrives this morning and then you realise you’ve spent 6k on a 5k watch cos xrp jumped for no reason how’s that gonna sit ? - 2 if the watch takes 24hrs to arrive who needs a 0.1 second transaction time just a couple of thoughts 👍🏼

My Answer

This was the answer I gave...

The biggest mistake most people are making is focusing in on the price of the coin today.

In reality, you have to totally forget about the coin price.

To correctly value a Blockchain, you really have to totally disregard the by-product which is the Cryptocurrency and focus in on the potential application of the Blockchain itself.

What I have tried to explain here in this short video is that if DigiByte becomes one of the preferred Blockchains to move Goods and Services around the World, you have to ask yourself one very simply question, "What is the total value of the Goods and Services across all Supply Chains that will be moved on the Blockchain?"

Once you answer this, you can then put a price on the coin itself.

For ease I am saying $2.1tn worth of Goods and Services will be moved around on Supply Chains / 21bn coins.

This equates to $2,100,000,000,000 / 21,000,000,000 = $100 per coin.

Hope this helps.

Stephen

Taken from Youtube

You can see the question / answer on Youtube.

The biggest mistake that most people are making

As I mentioned earlier, the biggest mistake that most people are still making when trying to value a #Blockchain / #Cryptocurrency today, is that they focus in on the price of the coin.

In reality, you have to totally forget and disregard the coin price. It's really irrelevant...!!

The only measure of value

What is more important and is really the only measure of true value, is what can the #Blockchain that you are trying to value be used for.

Once you have established what applications the #Blockchain can be used for and what values it will transfer, only then can you really put a true valuation on the #Blockchain.

This is why I am sticking to my valuation of $2.1tn for the #DigiByte #Blockchain.

Thanks again for reading.

Stephen

#Promo-Steem