Money supply (M0, M1, M2, etc.) is an important concept, no citation needed. Your quarrel seems be with the broad application of the term "market capitalizatio

Money supply (M0, M1, M2, etc.) is an important concept, no citation needed. Your quarrel seems be with the broad application of the term "market capitalization." From context, it's clear what people mean, much as it's clear what it means to "dial" a phone number on a phone that doesn't have a dial. Surely there's a better response against digital currencies than stating that Bitcoin's $607B aggregate value isn't technically called a "market cap."