Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
D-Lux
on 23/11/2016, 19:13:06 UTC
[...] with 100 company's like this were looking at 1 bn a day Wink and thats a easy 400$ factoid price.

But yes all just guesses but im happy i got equity and factoids.

Yes 1b entries per day would actually require a base price (minus speculative premium) of around $400 / FCT. This would be just to avoid exhaustion of the FCT supply post-M3:

https://www.reddit.com/r/factom/comments/4zxi6e/fct_ec_and_the_factom_financial_ecosystem/

Given FCT's scalability, though, it's hard to imagine a speculative premium below several 100X, which would still be in the range of several S&P stocks's P/E, with comparatively much more limited scalability potential:

http://americasmarkets.usatoday.com/2015/03/02/the-8-most-expensive-stocks-you-can-buy/

$400?Huh My friend, I ve been into crypto long time. I ve been invested into at least dozen coins. Do you how many of these coins s had people on their forums expecting similar price. Every single one. Do you know how many reached this number? Not a SINGLE ONE.

I know you re going to say this figure s based on fundamentals and calculations. Still, Statistics s against this one.

Well not "fundamentals," but definitely statistics and logic. The bottom line is that the math doesn’t lie. And frankly whatever came before (and however anyone feels about that) has zero bearing on the validity of the math. Which Brian Deery has verified in the thread I linked to.

1b entries / day = 365b entries / year = 365m usd spent / year.  
365m / 876,000 new FCT per year = $416.

And this is the base price—the absolute minimum FCT could be priced at in order to stabilize the FCT supply. Anything less, and the FCT supply would ultimately go to 0.