Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
wachtwoord
on 22/05/2014, 20:11:00 UTC
MRO

First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.

Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.

In other words, the current exchange rate implies  that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.