From 5b649d8d52eac92e3ab064a1fd80e6d9969ba521 Mon Sep 17 00:00:00 2001 From: Mike Clark Date: Fri, 28 Jan 2022 23:47:17 +0000 Subject: [PATCH] Update README.md --- README.md | 18 ++++++++++-------- 1 file changed, 10 insertions(+), 8 deletions(-) diff --git a/README.md b/README.md index 2fdaac6..7752404 100644 --- a/README.md +++ b/README.md @@ -2,9 +2,9 @@ I kind of collect them, so in order of relevance... -On eth with price targets: +## On eth with price targets: -- /u/pa7x1 [on eth](https://old.reddit.com/r/ethfinance/comments/rnsk2r/fundamental_valuation_models_of_ethereum/) +- reddit.com/u/pa7x1 [on eth](https://old.reddit.com/r/ethfinance/comments/rnsk2r/fundamental_valuation_models_of_ethereum/) - If ETH was a money, we can get a lower bound: 15-64k (deflation based, long term target) - If ETH was a yelding asset 8-33k+ we can get a short term value - If ETH was a productive asset via DCF: 61k @@ -19,16 +19,16 @@ On eth with price targets: - If ETH was a Productive asset via PE: 13-160k - If ETH was like the Euro: 32k - If ETH was like the USD: 96k -- /u/squishchaos 's [triple halving thesis](https://twitter.com/SquishChaos/status/1387074095007817730) - 30-150k perhaps temporarily +- - reddit.com/u/squishchaos 's [triple halving thesis](https://twitter.com/SquishChaos/status/1387074095007817730) - 30-150k perhaps temporarily - [Standard and Charter Bank](https://www.tbstat.com/wp/uploads/2021/09/Ethereum-investor-guide.pdf) - 26-35k - ARK's Big Ideas 2022 slide deck: [ETH at 150k](https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK_BigIdeas2022.pdf?hsCtaTracking=217bbc93-a71a-4c2b-9959-0842b6fe301c|2653a4d0-af35-42f0-853a-c5f90f002abb) -On Eth: +## On Eth with no targets - [GreyScale's report on eth](https://grayscale.com/wp-content/uploads/2021/05/valuing-ethereum.pdf) - [Lyn Alden investment report on eth](https://twitter.com/LynAldenContact/status/1351241309789577221) and the community [reply](https://docs.google.com/document/d/1Mvz1uKo9UR33YMSwc_-go31L7bmzkddUVV0UfWuclZg/edit) with comments from Vitalik -On cryptoasset valuation: +## On cryptoasset valuation in general - 2021 [Ray Dalios BTC report](https://www.bridgewater.com/research-and-insights/our-thoughts-on-bitcoin) - [2019 EY's report on cryptoassets](https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/emeia-financial-services/ey-the-valuation-of-crypto-assets.pdf) @@ -41,10 +41,12 @@ On cryptoasset valuation: - [2017 cburniske](https://medium.com/@cburniske/cryptoasset-valuations-ac83479ffca7) - [2017 wintonark](https://wintonark.medium.com/how-to-value-a-crypto-asset-a-model-e0548e9b6e4e) -See also friends of ethfinance: +# Friends of ethfinance: -- /u/logristhebard https://tokenomicsexplained.com/ -- /u/lifesmage and [the rocketpool investment thesis](https://old.reddit.com/r/ethfinance/comments/qwbb8w/rocket_pool_investment_thesis_20/) +- reddit.com/u/logristhebard https://tokenomicsexplained.com/ +- reddit.com/u/lifesmage and [the rocketpool investment thesis](https://old.reddit.com/r/ethfinance/comments/qwbb8w/rocket_pool_investment_thesis_20/) + +# Endnote My personal opinion is that valuation models argue whether something will go up 10% or 20% if it works. But the real question is if it works. You absolutely need to discount it by the risk or it's a useless number. In fact the medium term price is best looked at as * . Price changes seem to happen as we update our mental estimate of .