Ok, that makes a lot of sense. I'll give the link a read, I generally really enjoy the write ups you do that I understand 😁

I _think_ I covered it in a money class
https://stacker.news/items/809392/r/denlillaapan

But yes, imagine i print up 1,000,000 pieces of paper and then managed to sell one to Bob for $1. Am I a millionaire now? 

The market cap calculation (total outstanding times last selling price) suggest so, but it has no meaning since obviously I won't be able to sell the other 999,999 pieces (at all, or for anything _close_ to that price)

denlillaapan

I thought that was the total value of all shares...  

There must be some fuckery that I don't understand which is probably pretty shocking for anyone who knows how smart I am, but here we are...

Aardvark

econ

FartStrategy & Legacy Finance's Relationship w/ Bitcoin (Bloomberg, Matt Levine)

Market cap doesn't make much sense as a metric when there's that little float and liquidity 