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"Market cap" in cryptos is meaningless. If you add up everything on coinmarketcap.com, you get $146 trillion total. About $60 trillion is the total GDP of the E
by davidgerard 9y ago
"Market cap" in cryptos is meaningless. If you add up everything on coinmarketcap.com, you get $146 trillion total. About $60 trillion is the total GDP of the ENTIRE WORLD. ($75 trillion if you include M3.)
Any number that makes out that tokens whose entire real-life pricing is based entirely on speculation is bigger in some sense than all real world economic activity may not be a good measure.
- davidgerard 9y agoCORRECTION: $146 billion. Sorry, I failed at counting zeroes!