Quote from: chodpaba on August 31, 2013, 10:10:31 PM

Quote from: Kazu on August 31, 2013, 08:31:30 PM

By this logic spreads should always be moving outward toward infinity.

Conceptually, but not actually. Even though it might look like the tails of distributions might asymptotically approach infinity they are actually limited by the smallest unit volume. Which, I would estimate to be the sum of $trade volume to date divided by the current block reward.

I know, it is a large, ridiculous number. But when estimating the shape of a distribution curve it is a much more reasonable starting/ending place than infinity.

That is to say, theoretically, that is closer to what the actual price would be if those were the only BTC offered.

Sure, the only problem is, the $trade volume to date divided by the current block reward is approaching infinity.

Hint: The problem with this logic is that the price will GO UP.