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I couldn't tell from the article - how do they define 'market cap'? Nr of currently mined coins * current value? Because if so, how does that make sense - nobod
by roel_v 9y ago
I couldn't tell from the article - how do they define 'market cap'? Nr of currently mined coins * current value? Because if so, how does that make sense - nobody knows how many coins are 'lost'. Is there anyone watching e.g. how many coins haven't moved wallet since, say, 2013? Like, satoshi's coins - does it make sense to include those in any metric?
(maybe they're using an entirely different definition in which case the above is moot)
- arez 9y agoYes, number of coins in circulation * price is how the cryptoscene defines it. There're studies that calculate the amount of lost coins around 4million
- eknkc 9y agoI believe it is calculated based on the amount of coins in circulation. Maybe those that had a movement in last N days or something like that, not sure about the exact details. Daily transaction volume might be a better indication though..
- gonvaled 9y agoYou are looking for "Bitcoins days destroyed" [1] [1] https://bitcoin.stackexchange.com/q/845/9479 https://bitcoin.stackexchange.com/q/845/9479