Quote from: Majormax on Today at 10:06:25 AM

Quote from: jubalix on February 17, 2021, 10:20:35 AM

the main problem with the BETI as I mentioned earlier in this thread is it needs to account for the dilutional effect of all other crypto's

A rough real BETI would be BETI x BTC market dominance.

Yes, that has an effect, but does not change the overall form of the graph , unless BTC loses its dominance entirely (ie below 30%, say).

A loss of dominance for BTC is only likely to happen if another crypto were to take its place in the adoption order.

How are you measuring dominance, Majormax? Surely, you need a fairly genuine kind of way of measuring dominance such as usage rather than market cap manipulated bullshit to come to any kind of meaningful assessment whether either bitcoin is losing its importance or whether some other coin or project might be taking its place.

At this particular time, there does not really seem to be any project, coin or asset that has any kind of meaningful semblance in respect to either taking market share from bitcoin or replacing its usefulness in some kind of way....

So I guess my point would be whether any of that supposed loss of market share or taking over of other coins or projects are really offering anything competetive or meaningful, so in that regard, there could be ways of measuring bitcoin's loss of dominance or the supposed competitiveness of other projects in ways in which bitcoin is down to 5% or 10%, but the comparative measures have hardly any meaning in terms of what is actually being provided.. in the case of bitcoin we should recognize soundness of money, abilities of individuals to personally control their value without third parties and immutability features to be decently important in the ways that bitcoin continues to remain distinguishable from any other projects, coins or asset classes that might claim to be taking market share from bitcoin.