Yeah that's perfectly fair because it was the exact example I gave in the OP.
So Hive costs $2000 per token.
How much does it cost to use Hive in this scenario?
The answer is that we have no idea what the demand to use the chain is.
We only know the demand to hold the token sits at $2000 vs the supply.
We can assume the demand to use the chain is quite high but we really have no idea.
We also have no idea how much bandwidth we can supply at that level or what the bottlenecks are. These are all things that nobody talks about or even anticipates, and I find that alarming.
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Yes, your assumption that the price is $2000. That $2000 number was based on BTC and HIVE maintaining the same ratio(?) to each other. If that were the case, wouldn't the bandwidth and demand be virtually the same?
Hm the assumption is that one day in the future Hive has the same demand and market cap as Bitcoin has today.
So no there is no ratio involved between the two.
Bitcoin could be any value at that time, or not even exist.
Okay, but realistically if Hive were to reach that point Bitcoin would probably be even higher. Then again, it could go to zero, but logically it would continue to be higher than Hive. At least in my mind.