> what's its fair market value? Most optimists would divide total dollar supply ($21T) by total Bitcoin supply ($21M) and come out with $1M. But the true answer is infinite: if this scenario actually comes to pass, the dollar's value will trend to zero and the question will become meaningless, as you won't be able to trade your dollars for Bitcoin at any price.
This isn’t valid. You’ve said the question would be meaningless and then use its answer. There’s a shell game here. You’re saying we can measure value in dollars, then we can’t, therefore anything measured in dollars truly has infinite value. I think this is obviously not true. In this scenario, the value of my hat would also be infinite.
This isn’t valid. You’ve said the question would be meaningless and then use its answer. There’s a shell game here. You’re saying we can measure value in dollars, then we can’t, therefore anything measured in dollars truly has infinite value. I think this is obviously not true. In this scenario, the value of my hat would also be infinite.