4 ms·
Interesting. Why is it this and not daily volume?
by ryanwaggoner 9y ago
Interesting. Why is it this and not daily volume?
- vkou 9y agoI trade you my dog for your cat. We both say that they are worth a million dollars. What is the market cap of our two-animal store-of-value ecosystem? (Unless you're an economist, the answer is not "Two million dollars.") On the other hand, if I then went ahead and sold your cat to some outside party for $600, and you sold my dog for $400, we could reasonably say that the market cap is ~$1000.