Linan
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Estimate the value of 1 BTC
tl;dr $392.928In this short post, I try to estimate the value/price of BTC. I was not a believer even before yesterday, until I found the real problem it solves. Assumptions To avoid overestimation, following assumptions are chosen: 1, BTC is backed by online black market solely. (I don’t think it’s true but this assumption keeps the estimation reasonable.) 2, Online black market occupies same proportion to the total size of black market as online economy.Linan2 min read