Most of you don't seem to understand what "fair price" means. There's fair price and then there's market price.
This is valuing Bitcoin as if it were a company and the equipment used to secure and distribute transactions are the assets.
Your idea that we shouldn't even be using fiat is off-topic.
The valuation is accurate, Bitcoin is currently undervalued.
I agree with you with what your saying. What I don't agree is what Fair price is for. Market price in my mind is always the fair price because that is what you can buy/sell it for at a given time. Fair Price is a speculation of what someone thinks it is worth, and to me that is worthless
It simply isn't. Fair price is certainty, market price is speculation.