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>> To someone who isn't thinking through what the numbers and their resulting ratios mean, I suppose it sounds authoritative. Is it an insult, Arnav? Thousands
by account73466 7y ago
>> To someone who isn't thinking through what the numbers and their resulting ratios mean, I suppose it sounds authoritative.
Is it an insult, Arnav? Thousands of scientists use my research and they would probably disagree that I am "someone who isn't thinking through what the numbers and their resulting ratios mean".
- JumpCrisscross 7y agoNot an insult. An observation regarding the metric. The product of Bitcoin's price and its current circulation is financially meaningless. It's meaningless for fundamental reasons. (It’s even more meaningless to compare it to an equity market cap.) That doesn't mean it is useless. People talk about it because it's a marketable metric. But so is community-adjusted Ebitda or the theoretical value of a comet's mineral wealth derived from multiplying its mass by the latest commodity trade. These are narrative tools. Not analytic ones. Both are okay, but they have different roles.