Market capitalization (market cap) is the total market value of the shares outstanding of a publicly traded company; it is equal to the share price times the number of shares outstanding. As outstanding stock is bought and sold in public markets, capitalization could be used as a proxy for the public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

If everyone in the world used Bitcoins then I would think that Bitcoins Blockchain will slow down some.

Speaking of yokes, time for breakfast. I'm thinkin' corned beef hash and eggs. Anybody want some?

I remember that report which stated if BTC would handle only 5% of Visa transaction, 1 BTC would be $40.000 worth. However, I dont think this is the main question, BTC will never become an actual currency. Instead it s a store of value over time, which appreciates due to its scarcity. The same as gold.  

Probably sometime next year.

Yes.

What im considering is the possibility of Jihan Wu ending up in jail. How is it even legal that he can not only manipulate the price, but do it by allegedly lying to customers and using purchased hardware by other people by himself and delay those ASICs to their respective owners? the whole thing is becoming insane.

I'm confused as to what segwit is. Could someone possibly explain it to me? Thanks guy you are all amazing

All they have is because of the holy cities of Muslims, when it's prayer time everyone leaves their shops open and go to the mosque anyone having the audacity to steal anything will lose one hand no question asked
I gotta tell you that those rich sheikhs pay for young and beautiful girls overtly.

Lets not giving them too much credit though as they might feel funny in their bellies and fund terrorism if they find it more convenient and discrete.

All they have is by the grace of God otherwise it's just desert.

but i wonder what proportion of saudis have real money. you got the governing class of course who are crazy rich. i kind of get the impression everyone else is sitting around doing nothing being given oil money, but maybe not a great deal of it.

The details of the question, however, hold most of the answers. The vast majority of Saudi Arabia's GDP comes from oil, which is owned by the state. The state doles out a wide variety of subsidies to its citizens. The oil sector is responsible for 90% of GDP and 93% of employment. This takes relatively few people to operate. A result of this is very high unemployment, officially put at around 11% -- unofficially, around 30%, not including women.

There is very little manufacturing in the country, though considerably more assembly of foreign-made parts.

Highly skilled labor is available cheaply from other countries. This depresses employment opportunities as well as initiative. Entrepreneurship is certainly possible, but takes very large capital investment due to the high prices of doing business in the country, as well as the social costs of failure.

Over the past 50 years, young Saudis seem to have forgotten the importance of manual labor. As a result, they look down on it, preferring management-type jobs. This is changing, but as with all things in Saudi Arabia, change comes slowly. Similarly, service jobs are looked down upon. This is changing, however, with more Saudis willing to take certain types of service jobs -- hotel front desk, airline desks, restaurant staff, etc. Even when willing to take these jobs, though, society tends to frown upon them.

i really doubt that, segwit is not that useful for litecoin, it's just about hype and maybe helping bitcoin adopting it, litecoin will not go any where near dreaming to suprass bitcoin ever