> There is thus a new theorem: the value of WitCoin should, in equilibrium, be equal to the marketing costs of its potential competitors.
Apply that to anything else and it easily breaks down. E.g. the value of iPhones should be equal to the marketing costs of its potential competitors? Luxury cars? Brand name clothing?
Apply that to anything else and it easily breaks down. E.g. the value of iPhones should be equal to the marketing costs of its potential competitors? Luxury cars? Brand name clothing?