Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 14/04/2015, 20:12:43 UTC
I am sorry that your explanation did not inspire confidence to invest in it. Despite my totally non-tech background, I know reasonably well how Monero operates, and it should not be impossible to gain the same understanding from emunie, although not from that explanation  Tongue

Yes, I would not recommend anyone make investment decisions from random forum posts, but I suspect you already know that Smiley Everyone needs to do their own research and make their own mind up. I was skeptical of emunie for a long while, but I am excited by their attempt to use the basic truth of the Quantity Theory of Money (MV=PQ) within a P2P network where all vaiables are known in real time, to achieve a worthwhile goal of price stability. Whether they achieve that is uncertain, but if they do then things will change quite a bit.

Why is this simplistic economic equation MV=PQ so popular, even among many bitcoiners ? It's pseudo science in my opinion.     

Even? There is just as much pseudo science here as anywhere else.

There is nothing wrong with MV=PQ. It is a tautology though. The issue comes when people try to make inferences using it, often holding values constant when they should not be.