That's $100. What is your logic?

@cryptographic/what-s-steem-really-worth
@cryptographic/what-s-cardano-ada-really-worth

Supply and demand. Simple math, of course it depends on the givens, in this case that there will be dozens of top tier cryptocurrencies priced at fair value.

Ethereum isn’t exactly cheap to buy - and their fees issue is not applicable to HIVE since our scaling ability is thousands of times better than theirs - but if we limit our analysis to price, ETH would seem to suggest that the building continues in spite of price, or perhaps even because of it.

In any event, in order to bring the “per unit” price down, all you need to do is “split”. Look at AAPL for example: if it had never split, its shares would be selling for $23,949 now instead of $108.86. (Source) On the other hand, with SATs, maybe that’s not needed.

Either way, regardless of how much supply there is, the price will always be a function of supply and demand. Look at the Cardano example for evidence at the other extreme. It all depends on what you think is sexiest I guess.

Regarding the idea of crypto being a ‘casino’, unless you’re referring to ETH and ERC-20, I have to disagree on the whole. Crypto is not zero sum. It’s a growth sector to buy and hold. The only people who get hurt in this kind of underlying super bull are those who mistakenly treat it like a casino, again, when referring to what is legit. (Obviously, with the scams, it’s the gullible who get hurt, like always, and anywhere, but that’s the scams.)

Hope this is helpful. Good to see you around.