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0 pointsilliarian2y ago0 comments

It's a useless metric if no one is using it. It's a magical purely speculative number.

0 comments

jejeyyy772y ago

Market cap is by definition people using it. They’ve exchanged their money for it.

agumonkey2y ago

using has many meanings here, and store of value was only one of them

illiarianOP2y ago

> Market cap is by definition people using it.

You and I have very different dictionaries it seems

> They’ve exchanged their money for it.

A thousand people trading magical tokens they pretend cost trillions of dollars doesn't make it: a) worth trillions of dollars and b) any significant usage

jejeyyy772y ago

Eh? The fact that people have exchanged trillions of “real” dollars for them means precisely that’s what they are worth lol.

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jejeyyy772y ago

Market cap is by definition people using it. They’ve exchanged their money for it.

agumonkey2y ago

using has many meanings here, and store of value was only one of them

illiarianOP2y ago

> Market cap is by definition people using it.

You and I have very different dictionaries it seems

> They’ve exchanged their money for it.

A thousand people trading magical tokens they pretend cost trillions of dollars doesn't make it: a) worth trillions of dollars and b) any significant usage

jejeyyy772y ago

Eh? The fact that people have exchanged trillions of “real” dollars for them means precisely that’s what they are worth lol.

2 more replies

j / k navigate · click thread line to collapse