[earthtolazlo]

Market cap != market liquidity

If I create 100 billion FakeCoins and sell one to my grandmother for $10, suddenly FakeCoin has a 1 trillion dollar market cap. It doesn’t mean there’s anywhere near that much money actually in the market to support that valuation.

[tossAfterUsing]

this is precisely right and why nobody should ever buy a bitcoin under any circumstance.

[blaser-waffle]

I dunno, they're pretty useful for buying drugs and VPNs...