The first step is to calculate the premium to peg on a tendie over time this will become robust. One can use last price paid or lowest current ask. Last price paid was $315 against ~$165, or .69 x $240, current price for BSV.
Tendie/Egg analysis: Based on issuance alone eggs should trade at ~.77 discount to tendies, 2066/2682. At the time of this writing the lowest offer for eggs and tendies is $245 and $335, respectively, a ~.73 discount. In this case, buy the tendie.
Yeah, the market for eggs and tendies trades pretty good in here at ~$220 and ~$320 respectively, but when those are gone the next stop will be ~$800 and ~$1000. JMHO. Even there I’m not selling.
I’ve been thinking about this. And, the absurdity of fictional digital chicken actually works beautifully as a juxtaposition of absurdity corresponding to BTC at ~$58,000 on which said chicken can’t/won’t exist.
You’re welcome! You’re already flying Mach 2 relative to new entrants that have a Coinbase account, holding nothing but BTC. Most of them will not have even sent value from one wallet to another. Having been said, it’s hard to argue 600% in 12 months.