Re: Trestor is not a scam, most people don't understand it.
Good question. Quoting from Wikipedia and Investopedia:
Calculating Market Cap - Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares. (Simple math)
As outstanding stock is bought and sold in public markets, capitalization could be used as a indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
So, market cap has less to do with how much "worth" one thing is respect to another. I hope this little concept of economics helps.
Also, if you could answer me this: What is bitcoin really doing that it's market cap is 7Bn?
How do you justify "worth" of a cryptocurrency - Market Price, Number of people writing blogs about it, number of transactions, number of accounts or real world usage? There are no such parameters, worth is completely subjective.
I hope I helped you realize that "worth" and "market cap" are different things.
@manav1112: Can you please change title of this thread to something neutral like "Exploring Trestor", rather than a title which defames our hard work? Thanks
I have been working with Trestor for past 2.5 years and giving all that I have to it. You would understand how bad it feels when someone outrightly accuses without making sense on something that you have build with so much effort.
Edit: Again, we are open, I invite you guys to come and meet us to understand and clarify things.
Calculating Market Cap - Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares. (Simple math)
As outstanding stock is bought and sold in public markets, capitalization could be used as a indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
So, market cap has less to do with how much "worth" one thing is respect to another. I hope this little concept of economics helps.
Also, if you could answer me this: What is bitcoin really doing that it's market cap is 7Bn?
How do you justify "worth" of a cryptocurrency - Market Price, Number of people writing blogs about it, number of transactions, number of accounts or real world usage? There are no such parameters, worth is completely subjective.
I hope I helped you realize that "worth" and "market cap" are different things.
@manav1112: Can you please change title of this thread to something neutral like "Exploring Trestor", rather than a title which defames our hard work? Thanks
I have been working with Trestor for past 2.5 years and giving all that I have to it. You would understand how bad it feels when someone outrightly accuses without making sense on something that you have build with so much effort.
Edit: Again, we are open, I invite you guys to come and meet us to understand and clarify things.
The only reason to cause most of the community here to think this is because the way the last scam thread with you guys ended, so we assumed you guys ran away! I will change the thread title now that you have clarified.