R05 · JUNCTION · LAYER 12 OF 15 (DERIVED)Valuation
Is it held, not just passed through?
BLOCKED
THE REGISTERED QUESTION
Is Litecoin becoming held working money rather than pass-through inventory?
LEVEL Gate · CONFIDENCE NOT_ASSESSED · DEFINITION DEFINED
FALSIFIABLE CLAIM
Litecoin monetary-base support will rise only if economically meaningful settlement grows or remains durable while average holding duration increases, lowering implied velocity.
STRENGTHENS IF
Settlement bounds hold or rise while independent holding proxies indicate longer duration.
FRAMEWORK ANCHOR
Ch. 14–15, settlement and velocity
REQUIRES: LTC-SECOND-001 BLOCKED · SET-BOUNDS-001 METHOD_REQUIRED
FEEDS: VAL-PROB-001 METHOD_REQUIRED · VAL-RECLASS-001 BLOCKED ↓ TRUNK
FEEDS: VAL-PROB-001 METHOD_REQUIRED · VAL-RECLASS-001 BLOCKED ↓ TRUNK
GATED BY 5 BLOCKED ANCESTORS
BLOCKING FRONTIER · 2
LTC-SECOND-001Has Litecoin become the second Bitcoin?BLOCKED
SET-BOUNDS-001How much can we honestly claim?METHOD_REQUIRED
NEAREST LEVER · LTC-SECOND-001 — CLEARING IT DROPS THIS TO GATED BY 4
MECHANISM · FROM THE BOOK · NOT MEASURED — B
OBJ-SETTLEMENT-FILTERS · THE REGISTERED FILTERS
OBJ-VALUATION-HYPOTHETICAL · HOW THE BASE SCALES — SETTLEMENT AND HOLDING AS MULTIPLIERS
BOUND METRICS · 3
M-VAL-HOLD-WINDOWImplied holding windowSCENARIO days
M-VAL-NATIVE-TURNOVERFiltered native-chain turnover contextFILTERED turns/year
M-VAL-VELOCITYImplied monetary velocity rangeSCENARIO turns/year
ANSWER NO IF
Price rises while settlement contracts, or Litecoin remains permanently high-velocity pass-through inventory.