) could reach the capitalization of $100 trillion. Obviously, the crypto industry, including myself, was fascinated by the logic of the model and even more so by the idea that it could reach and exceed $100,000 as early as 2021.
For example, the gold that is mined each year is just under 2% of the gold in circulation . It takes over 50 years — at today’s rate of extraction — to double the stock in circulation, effectively making gold a scarce commodity. The bounces found every four years or so are due to halving, or halving the expected remuneration for each mined block. The protocol of Bitcoin provides that every 210,000 blocks there is a halving of the number of Bitcoin assigned to each block to the miner who wins the cryptographic test.Probably, Satoshi Nakamoto, when he thought of the halving phenomenon, had done so to assume a doubling of the price every four years.
In fact, it is precisely the failure to consider the effect arising from demand that makes the stock to flow model incomplete; a scarce asset has value if people want to buy it. A painting by an unknown artist, even if beautiful and even if belonging to a collection of a few paintings, is worth nothing if there is no interest arising from someone who wants to own it.
danieleDIAMAN 100trillionUSD Cointelegragh is just like the old fashion journalist. Just follow the money of those who pay more. We’ll see in a year if plan B S2f model ain’t working.
danieleDIAMAN 100trillionUSD Why this article appears AFTER 100trillionUSD explanation? It's too easy to destroy S2F model now and find thousand of reason why it fails lastly
danieleDIAMAN 100trillionUSD
danieleDIAMAN 100trillionUSD While Bitcoin critics claim this means that BTC is losing its first-mover competitive advantage, others are anticipating the “altcoin season” is just around the corner. NFT and Metaverse based altcoin may start to move, and we will be ready in this crucial moment🚀🚀