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6/ This makes investing in tokens for any non store-of-value a sketchy proposition. An effective enabler of exchange (financial, storage, CPU, bandwidth, whatever) must be fast & low-friction, which is opposed to token appreciation.
Via @AriDavidPaul, here's a more detailed explanation by @cburniske of how velocity relates to price for cryptocurrency using the equation of exchange:https://medium.com/@cburniske/cryptoasset-valuations-ac83479ffca7 …
The entire idea of velocity increase = token price increase is horseshit. USD has plenty of velocity increase over time. How’s that value working out for it?
Velocity increase = token price *decrease*. More velocity means the same demand of use for exchange is met by fewer tokens, this shifts demand curve down, which decreases price and quantity.
I’ve heard the argument -usually from those planning an ICO - that velocity (meaning daily transaction volume) increasing will lead to an increase in the value of a particular token. It’s just not based in anything in reality.
Velocity in monetarism is related to, but not the same as transaction volume.
Ah I may have been subject to people misusing the term.
"In theory, there's no difference between theory and practice. In practice, there is". -Yogi Berra I get the concepts behind these valuation methods, but when slight variations in your input assumptions can double or halve your valuation, you have to wonder how useful they are.
Would be great if there were more examplea than filecoin. Something like 5-10 real examples would help out :)
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