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by tryptophan
2540 days ago
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>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. |
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