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.
Going to disagree with you there completely. Fair price is:
In accounting and economics, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. It takes into account such objective factors as: acquisition/production/distribution costs, replacement costs, or costs of close substitutes.
This means that fair price POTENTIAL to be worth something, or it COULD, in the future be worth that, Again, it is a speculation of what the market price is and what it could be.