Bitcoin's 10 Pillars of Functional Intrinsic Value.
1. Avoids references to price to determine value. Nearly all Bitcoin price models are self referential and therefore true value is impossible to determine. Price based on price is a guess.
2. Strictly limits the use of technical indicators to avoid circular references to price. Although historical price data is interesting, like volume and open interest, it mostly answers "WHAT, WHEN, WHERE" questions. We seek answers re: HOW and especially WHY.
3. Opportunity to discover and expose financial data that supports past, present and present valuation. Utilization of history and trends, but also concepts. Most importantly, review the valuation timeline in relation to idea vectors.
4. Note that there is certainly overlap in these factors (decreases valuation estimate) but there is also missing synergy (increases valuation estimate). Plainly said, the numbers are likely wrong, even a mess. Proper research, including actual data extraction, will shine a light on the bugs. This is highly anticipated.
5. The factors are not equal weighted. In fact, like life, we need to consider the Pareto Principle. However, the Pillars in the model are subject to radical shifts over time, like Bitcoin itself. Certain events, the play of time, and more, will absolutely shift the importance of the Pillars.
6. There might be less than 10 Pillars and there might be more. This analysis should generate a proper friendly discussion. Most importantly, the 10 Pillars should convince many that there is actual, true, real value in Bitcoin. We answer objection that "Bitcoin has no value!" with a hammer blow. Perhaps someday, in the near future, all others shall say, "Only Bitcoin measures value!"
