because people trade BCH and fiat at some rate causes chaos? because the fiat changes in value relative to ... all other assets? or because fiat is being devalued?
3/3
The specific value of BCH can be calculated as a function of energy consumption of the population holding and its velocity.
Any other value offered is a price opportunity.
& market manipulations are more difficult the more volume there is. e.g. large fiat currencies (dollar, pound, euro) dont change much relative to one another. Aka stable.
E.g. if everyone stops using bitcoin because it is not useful to them but miners keep mining. price will fall. No matter how much energy miners add price will not increase.
agree, the price is a function of many things (censorship free, hard cap, not tied to central banks, uncorrelated asset class). Energy input is likely not a factor for price.
People storing books/quotes on chain value it for censorship resistance (so far worth ~$10/book or 0.01BCH/book).
Everyone places different value on BCH because of the problems it solves for them. Person making international wires to family values it if fees are lower than competitors.
And this key point is how BCH ascends:
- by solving more problems at lower 'life energy' costs.
The enormous time*energy costs of AML+KYC are destroying the banksters
lol yup! they're having to play by the standards they've created to ensure their monopolies. just like taxis complaining about uber drivers not 'following the rules'
This stability will come as more people use BCH in any of it’s uses (as currency, investment, data storage…)
Exchange price isn’t a failure point. Price manipulated down does changes BCH’s value as a ‘safe haven’ but does not change it’s other value propositions.
