Fred Grott
1 min readMay 24, 2018

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sEVeRAL PROBLEMS

  1. Going form non fiat to fiat means that V is MarketCap divided by transactions and M is in fact trasnactions with the product of MV being market cap
  2. Full 100% circular reference of price, kind of an analysis no-no.]
  3. V and P ar not the same things, so one is not getting clear picture of P in the first place by using V.
  4. If one derives what PG and p is one gets no full circular P reference and thus makes it more ideal since we than get full picture of behavior of P.

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Fred Grott
Fred Grott

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