I think the $43B must have been his market cap estimate in that video. I haven't bothered to rewatch it, but I often got numbers in that ballpark on the simulator.

Undisciplined

I listened to Mark Moss on what bitcoin did over the weekend and his price target is 43M not 43B so I guess I might not be buying the Knoxville Smokies after all. Maybe I will have to crowdfund it on SN. 

grayruby

econ

Silver Losing Its Shine: Shift from Precious to Industrial Metal on the Rise

TomK

It's interesting that this is already happening. Messing around with the bitcoin valuation simulator got me thinking about when different assets would likely lose their monetary premia.

Silver certainly seemed like the most likely to lose it soon, since it's use case is small value transactions and bitcoin is proving it can do that.

If we're this far ahead of schedule, then Bitcoin's present discounted value is much higher than I estimated.