1 min readMay 24, 2018
sEVeRAL PROBLEMS
- 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
- Full 100% circular reference of price, kind of an analysis no-no.]
- V and P ar not the same things, so one is not getting clear picture of P in the first place by using V.
- 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.