Brian, are you at liberty to explain how this valuation comes about, and how would the Federated Servers be able to enforce or maintain this valuation? Is this an estimate of an M2 price or an M3 price (when the Federated Servers are earning factoids)? And to what does the 20,000 FCT refer to - a speculators holdings or is that something that is baked into Federated Servers?
Thanks in advance.
Oh, I think I made a mistake here.
The servers can only observe the market. They can only reflect internally on the network what is happening on the market. When Factoids are worth more, they can buy more ECs. By simulating a high price, someone running a testnet can purchase lots of fake Entry Credits on their own computer.
If someone were to spin up a local testnet, they would have 20,000 fake factoids on their local machine to run their network and test the software.