9 ms·
>multi-billion dollar asset [number of coins] * [ price of coin] =/= value. I hate this ridiculous trend of "valuing" currencies by the above formula. I sold
by tryptophan 7y ago
>multi-billion dollar asset
[number of coins] * [ price of coin] =/= value.
I hate this ridiculous trend of "valuing" currencies by the above formula.
I sold myself 1 HackerNewsCoin™ for 1$(featuring decentralized freedom© and proof of steak®). Since there are 1e13 coins, I am now the world's first trillionaire! I own a currency valued at 1$ * 1e13!
It makes much more sense to compare currencies by their transaction volume, or possibly even better by the volume * days destroyed metric.
Bitcoin SV probably has very little real "float" and so it appears far more valuable than it actually is.