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    Molly White (molly0xfff@hachyderm.io)'s status on Tuesday, 31-Dec-2024 02:10:01 JSTMolly WhiteMolly White
    in reply to
    • Mu

    @mu before getting in to questions about the supply, i would question the supposed market cap: https://blog.mollywhite.net/cryptocurrency-market-caps-and-notional-value/

    In conversationabout 2 months ago from hachyderm.iopermalink

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      Cryptocurrency 'market caps' and notional value
      from @molly0xfff
      A naive equation works well when estimating the value of small quantities of popular crypto tokens, but it's also being used to estimate values of illiquid tokens and the market capitalization of all of crypto. Journalists are publishing misinformation and uncritically repeating these figures, helping to prop up the belief that crypto is a far larger industry than in reality.
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