Well, based on that last share purchase, we have incontrovertible proof that there was indeed one person in history who thought it was worth 3x GPD.

And the fact that in the entire BSSTC shareholder universe, there wasn't any noticeable volume for a sell, or a registered sell limit, at a lower value leading up to the last peak.

That must have been a rough trade, but someone got something out at the last moment.

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mort96 3 days ago | parent [-]

A couple of points:

1. No, we don't have proof that there was one person who thought it was worth 3x GDP. We have proof that there was one person who thought a 0.001% share of the company was worth 0.003% of GDP or whatever. They could think it was worth that much for plenty of reasons; maybe they thought the share price would grow for a bit more before collapsing so that they could make some profit, maybe they invested in order to just be an investor and have a say in investor meetings or however things worked back then. Maybe it was a status thing.

2. Why are we using the opinion of one random person to determine the value of a company

	▲	nl 3 days ago \| parent [-]
		To add to this, this type of thing happens all the time in crypto. A coin will release 1/1000000000th of it's eventual supply, have some trades at 10c and then claim the value of the entire supply as the headline value. It's obviously dumb.