Token Velocity is Good!

And other implications of analyzing MV = PQ from first principles

About the writer

Introduction

Interpreting EoE in its intended context

Interpreting EoE in crypto context

If we are concerned about whether there will be a market of customers who would like to use these newly available coin supply on the exchange to avail the company’s services, the Equation of Exchange can do nothing to answer this. When instantaneous coin supply suddenly increases due to hodlers dumping, the exchange rate of the coin may well decrease if this yet-untapped market does not exist. This is not captured by velocity. Equation of Exchange does not characterize spontaneous supply/demand dynamics and is too static a model for this kind of analysis.

Contrasting with popular interpretation

Chris Burniske and Vitalik Buterin’s versions:

Kyle Samani’s version:

In Summary

Nodle

Nodle is the decentralized IoT network of Polkadot

Nodle

Nodle is the decentralized IoT (Internet of Things) network of Polkadot, providing secure, low-cost connectivity and data liquidity to billions of IoT devices. Anyone with a smartphone can earn crypto for free with the Nodle Cash app. Nodle is easy to use with no hardware to buy.

Madhumitha Harishankar

Written by

I am a 4th year PhD Candidate at Carnegie Mellon University. I enjoy applying economics, optimization and machine learning to wireless networks and sensor data.

Nodle

Nodle is the decentralized IoT (Internet of Things) network of Polkadot, providing secure, low-cost connectivity and data liquidity to billions of IoT devices. Anyone with a smartphone can earn crypto for free with the Nodle Cash app. Nodle is easy to use with no hardware to buy.