Not a crypto fan or defender, but you bring a question to mind: what is the intrinsic value of a currency? How is it calculated? And in a world of global fiat currencies where nothing is backed by anything other than an ex ante promise-to-pay, why are there differences in price, e.g. why is the GBP worth more than the USD?
I read your first Bloomberg article and it's very interesting but what is your opinion in the 500 Monte Carlo Trials in regards to results accuracy?
Not a crypto fan or defender, but you bring a question to mind: what is the intrinsic value of a currency? How is it calculated? And in a world of global fiat currencies where nothing is backed by anything other than an ex ante promise-to-pay, why are there differences in price, e.g. why is the GBP worth more than the USD?