If all the gold in the world is worth x trillions... shouldnt my own 2 unique balls be worth the same?
Sorry to be crass but this method of valuation is meaningless.
If all the gold in the world is worth x trillions... shouldnt my own 2 unique balls be worth the same?
Sorry to be crass but this method of valuation is meaningless.
One of the basic facts underlying all financial instruments is that they are all valued in relative terms. In fact, everything is valued in relative terms, and we might even go so far as to say, "perceived" relative terms.
Relative to gold, BTC has been said to be worth $25,000.00 if it were to gain just 5% of the gold market.
Personally, I’m more inclined to see BTC’s relative worth in terms of monetary equivalents, more specifically as a part of total world broad money supply as outlined in one of my first posts here on Steemit, The Crypto Boom! Part 1: Keeping Perspective.
The logical continuation of that analysis is STEEM relative to BTC.
Eventually, we will value STEEM as a direct percentage of world broad money in its own right.
Or are there still people here that think STEEM is funny money and somehow not legitimately “generally accepted as a medium of exchange, a measure of value, or a means of payment”? https://www.merriam-webster.com/dictionary/money
Thanks very good post !!!!
Keep it up!!!
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