Exactly, as I said in my article, MV=PQ is seriously being misused. Round peg, square hole ! Say no to MV=PQ. https://medium.com/@hugonguyen/thoughts-on-the-equation-of-exchange-mv-pq-52b6557fda6b …https://twitter.com/nic__carter/status/1028665018768928769 …
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Bringing up PQ in "cryptoasset" valuations is a total red herring, because for most of these projects, PQ is not known (and often zero), making V(elocity) totally irrelevant.
11:46 AM - 12 Aug 2018
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