Ok, I’ll give you that. How would you know if don’t understand what a market cap is.

Market cap is used to set investor expectations and shape investment strategy. There is no official barrier for different categories of stocks based on size, but large caps are often companies with market caps over $10 billion, mid cap is $2 billion to $10 billion and small cap refers to companies under $2 billion. Different types of investment strategies focus on the various market cap groups, and different valuation methods are applied depending on company size. Very large market caps are usually associated with mature, low-growth companies that pay dividends. Small caps are often growth companies with higher-risk profiles and generally do not pay dividends.

For bitcoin market cap tells you nothing about maturity, nothing about potential growth, nothing about user base, nothing about true value, nothing about whether it’s a good investment or not, nothing about size. It only tells you what bitcoin is priced at based on the current number of coins in circulation. So essentially it’s the same thing as looking up the price except to find out the current price using market cap you need to divide out the cap and total coins to find out the price. Why don’t you just look at the price first without doing all that work?

See, I told all of you that men are fools.

Because women are smarter than men.

Women can get men to buy them a $100 dinner, then $200 drinks and fees at a nightclub then refuse to give up the pussy. The current legal system won’t let you rape them after that so you go home and jack off. Eventually they give you the pussy and marry you. Then you buy them a house, a new car, expensive jewelry and (again because of the current legal system) they leave you and take everything you own and have given them including your kids.

Men are fools and women are geniuses and that’s why they don’t use bitcoin.

ROFL

I was going to post “are you going to have an abortion” but you beat me to it.

I love that picture. This OP is probably looking at it and saying, “mommy is that you”. LOL

Hey, you should be honored. People are creating new accounts to fuck with you now. LOL

Oh god, you have to keep explaining the same fucking thing here over and over again.

Market capitalization is a useless metric for measuring the value of a commodity or currency. Market cap is also incorrectly used to tell what a company is really worth. The market cap formula is simply this: The amount of dollars per share of a company x the total number of shares of that company. Market capitalization is about the price of a company. It only tells other companies what they are likely to need to pay to gobble up another company. The economic pigmies that set up these bitcoin price sites years ago started using market cap like they are describing the value of a company because they’re dumbasses. All the “follow the leader” dumbasses copied what they were doing on other sites so it spread. Bitcoin has a fixed number of “shares” so all market cap is telling you is the current price of bitcoin. The number of “shares” will increase slightly until all 21m are mined and then it will be fixed forever. It would be more useful to discuss the effect of monarch butterflies landing on superheated bitcoin mining equipment as it relates to increasing the user base of bitcoin.

That would have to be a pretty stupid AI. The AI would have to know almost nothing about macro economics, nothing about deflation, nothing about governments monetary policies, nothing about the human condition/human motivations/greed/avarice/manipulation, nothing about modern banking, nothing about business, nothing about the ACH/EFT System, and be a poor Coder in C++.  LOL

It doesn’t matter what Krackheads do anymore. This thread isn’t in main discussion now. It’s buried five layers deep in Bitcoin Forum/Economy/Marketplace/Service Discussion/Exchanges. No one that’s not already in this thread will ever see it. You may as well turn this thread into a NSFW party.

Jesus Christ, if your parents really talk to you that way the first thing you need to do is run away from home. Better to live on the streets than with people that threaten to kill you. The second thing you should do is get a job with good medical insurance because at some point you’re going to need therapy. Forget about crypto for now and focus on getting out of your fucked up situation.

Correct! It just doesn’t matter that an exchange comes back on line days later and everyone has access to their money. They should never have gone off line in the first place.

Would you trust a bank that kept you from accessing your money for days? What if Wells Fargo just turned off all their atms for a couple of days? Would you keep banking at Wells Fargo? I mention Wells Fargo because I had an account there when they were recovering from a major hacking. I never lost access to my money, even for a minute, and every customer that had money drained from their account was reimbursed. Why do bitcoiners expect and allow such pathetic service?

What’s wrong with this forum today? There are so many people here that understand what’s going on that I hardly recognize the place. LOL

You understand that’s not really true, right? ALL of the block reward and fees come from newly minted coins. Miners get their payments from fees and block reward. Both fees and block reward are awarded when a miner finds a block. It’s true that eventually the block reward subsidy will end (or become insignificant).

The number and size of transactions determine how much transaction fee money comes from mining. Sometimes stupid people put way too high a fee and others put way too low a fee on a transaction but they are usually balanced in amount. Increasing fees (readjust the balance as you say) harms the mining industry because fewer people are willing to use bitcoin. The more data a transaction carries, the more fees you need to attach. A larger block size will lead to more confirmed transactions, which means the cumulative fee will be high, even though each transaction charge will be low.

Mining fees (and currently the block reward) are necessary to keep the miners willing to secure the network (mining is bitcoins security system). Without miners, the network would be attacked because it would create an opportunity for a successful 51% attack.

Bingo. I think he’d do it just to keep Cameron and Tyler Winkiedouche from making any more money off of him.

“Lack of communication from fledgling companies, delays in withdrawals and transfers, high fees, and the creeping fear of a malicious attack are some of the issues largely retail investors face, and discourage many more from jumping in.

With not even a phone number or e-mail listed on Kraken’s status page, the exchange’s clients vented on Twitter.


A Twitter user with the name of Victor M. said "im seriously considering suing kraken. anyone interested as well?" The Tweet got more than 300 likes. A user with the name North Canton Cab Com tweeted to Kraken saying "due to the length of down time can you at least assure us that our coins and accounts are safe and havent been hacked or stolen please, seems beyond any normal circumstance at this point when people are worried sick!"

Others are resorting to humor, with Twitter user @Subbedeius posting "Kraken is the best platform to avoid panic-selling. It just doesn’t work when sh*t hits the fan."


https://www.bloomberg.com/news/articles/2018-01-12/crypto-exchange-kraken-goes-dark-and-user-anxiety-surges

Wouldn’t that be funny if he actually invested in bitcoin. That would mean he’s essentially giving even more money to the Winkledouche twins.  I guess losing court cases against them wasn’t enough for him. LOL

Correct, I can’t believe anyone thinks 24 hours isn’t a problem.

Think of it this way. If you had rent to pay and you went to your bank to withdraw money Monday morning and they were closed for housekeeping would you be pissed off? Would you pay a late fee for not paying your rent on time?

If bitcoiners want btc to compete with the big boys then bitcoin needs to wipe its ass without help, stop peeing the bed and become a big boy.

Yes it is, I had a bitcoin explode on me. Fortunately, I was wearing leather gloves so I didn’t lose my hands. I still don’t see too good out of one eye though.

Source?