Topic: Quantifying the Value of Bitcoin (Read 705 times)
Quantifying the Value of Bitcoin relatively base on volume.
Statistical physics models are super awesome and can predict events if the boundary conditions are stationary .
I'm going to flatly state there is and never will be a quantifiable value universal to everyone. Every single person will have a different perception to its value, not to mention it's nearly impossible to measure the true value of anything.
That's one sense of the word "value" but there are others which may be more useful. PQ/M is a useful definition of value.
I'm going to flatly state there is and never will be a quantifiable value universal to everyone. Every single person will have a different perception to its value, not to mention it's nearly impossible to measure the true value of anything.
But... what's the quantified value?
I finished a project that developed statistical measures of the bitcoin blockchain. The method determines the marginal utility of bitcoin, the amount of network activity, an estimate of the number of network participants, and how these all interrelate. It also lays the initial foundation for analyzing the growth of the network.
http://statisticaleconomics.org/2014/03/13/quantifying-the-value-of-bitcoin-2/
Cal Abel
http://statisticaleconomics.org/2014/03/13/quantifying-the-value-of-bitcoin-2/
Cal Abel
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