Yes, thanks for keeping me honest in regards to renewal fees Dan.
The higher the rate of appreciation, the more it tips in an LLLL.coms's favor (eg. renewal fee makes up a lower portion of the overall value). Conversely, the lower the rate of appreciation, the more apparent it becomes than an LLL.com is a better investment.
My calculation makes a very large assumption that such an interest rate is possible which we really won't know until we look back 5-10 years from now
The LLLL.com has considerable more risk involved, as is evident by the recurring renewal fees. What is $15 today will require an investment of $103 to breakeven 10 years from now -- not at all a small amount and something to carefully consider before investing in LLLL.coms.
I really wouldn't recommend investing in the low end of the LLLL.com market unless one anticipates $250+ prices 10 years from now -- when inflation and opportunity costs are accounted for, it just doesn't make sense to invest in these according to the math above unless one truly believes that $250+ come 10 years from now is what we should expect.
Would, Should, Could... All we can do is wait I'm afraid
Should be some fun times ahead!