Paging all people smarter than I (which doesn’t narrow it down much):
Some people have pointed out that if ETN has millions of users, the average number of ETN that each person could hold would be very small. For example, if a year from now we have 20 million users—as Richard expects—and there are 10 billion coins in circulation, the average number of ETN that each person could hold would be 500.
Obviously, a lot of electronerds hold more than 500 coins.
So here’s the question — does the small average number of coins available to each user matter when you are talking about coins that will be circulating in commerce? Putting aside the network effect, would it likely affect price?
Thoughts from those of you schooled in finance or economics would be most appreciated. As would others.