Will resist the temptation to pick the low hanging fruit.
even if there was an objective value (and there is not)
Please, by all means, demonstrate this.
There is this discussion, circa 2021 fwiw.
“We look at the hashrate and the number of unique addresses to try to understand the value for ethereum,” he stated.
https://www.forbes.com/sites/cbovaird/2021/09/21/is-ethers-true-value-actually-closer-to-1500/?sh=558fa1d65c15...
What is it worth, really? How to begin to parse the components of its value out.
Chasinfla is resurrecting this discussion. If you do not think it applies, then you are cordially invited to ignore it.
Someone brought up the idea of a "no-arbitrage" model. So, would that mean measuring the...
Crypto Macro trend for 2022:
WEF types are trying to either destroy big crypto or co-opt it. Obviously they will spring their own version of "digital cash" when they sense the time is right, but not before castrating Bitcoin (either by hacking/gaming it or outright demolition).
IMVHO.
I see. It seems that to consider one's self an "Elite Trader" is to disdain any objective definition of anything other than what is crowdsourced at the moment.
That might be a suitable approach for a "speculator" (aka: gambler) but it would seem a helpful PSA to note that no significant amount...
I see.
What is price?
Oh, forgot to add in the OP, this is intended to be a discussion in which those unable to form a cohesive argument (or rebuttal, as in this case) will probably feel most unwelcome and might even be made fools of.
Premise: Price discovery ought to be informed to some degree at least by the concept of an objective value about the thing for sale.
How does one even begin to get his head around estimating the objective value of something like ETH (for example)?