Quote from: blatchcorn on Today at 09:47:35 PM

Quote from: TrustedBitcoiner on Today at 09:02:44 PM

imo you've computed the minimum value we can attribute to bitcoin.

but i'd probably give bitcoin more then a 0% for "track record", especially now that bitcoin is about to get a stamp of approval Cool

also... it might be more fair to estimate the Total amount of gold available on earth and use that to calculate gold's market cap and compare that to bitcoin's 21million max supply.

Just to clarify, Bitcoin already has 0% for 'track record'. Gold beats Bitcoin in that category so that means Gold gets 100 points vs Bitcoin 0 points in that dimension.

The main variable is that I consider Bitcoin to be 35% as good as gold (all the points stuff just leads up to that 35%, so if you think maybe Bitcoin is 50% as good as gold overall you can just work with that % instead).

This is a pretty major point. The 0 track record for Bitcoin is a big deal as gold has survived the test of time whereas Bitcoin struggles even today with just hanging on to it's most basic function of transferring BTC from one wallet to another (check the fees and mempool). I think it's important to note that and remember that even as an ETF, gold has a major head start on Bitcoin. So while you may come to a value using a system like this, it's also good to remember that it took gold a LONG TIME to realize this value and it will take Bitcoin a long time to realize it's full value as well. This won't happen quickly.