The key question that comes to mind is what are people really buying. Take Apple for example.
They tweak there OS once a year, and maybe adjust their API to include a few new features,
Most features aren't ever used by most people, or used rarely by just a select group.
So their business model is all based on trying to convince the public they need these new tweaked features
and you have to buy the newest IPhone or whatever to get them.
So goes it with most other businesses. It is about trying to convince the egos of us human that we need this or that.
But we really don't need any of it.
SO how does one put a fair value on an intangible -- basically the goodwill of a group buyers.
The same holds true for BitCoin. How does one even go about coming up with a fair value --- NOT a bid up market value.
Edited by dwnowhere1, 17 February 2021 - 10:20 AM.