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Replying to Avatar Derek Ross

I've never liked these Bitcoin marketcap charts when being compared to companies like Meta, Google, Amazon, etc. They have shares of stock that are accessible and tradable. Bitcoin has millions of coins that are lost and inaccessible. If an asset is unusable, I don't think it should be counted. Since we have no way of knowing how much bitcoin is lost and inaccessible, then the marketcap of coins is highly inaccurate.

*shrug*

Just a random thought. Back to your regularly scheduled ATH excitement.

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sachin 1y ago

This is a good essay on a similar subject. I don't think market cap is a useful metric at all

https://gist.github.com/midnightmagic/c0507e283527d10de2d1ba9d4cb3e67b

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