I'm an economically minded noob. What does the market cap mean for me and the value of the bitcoin I hold personally? How is it a good thing? Will it increase adoption, value, distribution? Can it answer some of the questions I outlined here in the following thread?
https://bitcointalk.org/index.php?topic=1489137.new#newThe market cap is basically a measure of how big the Bitcoin market is in comparison with other markets, be it other cryptos or gold, for example. Plus it is a great indicator of how much the adoption has grown over the years.
True, but it's mostly a gross measure. The cap includes all of the coins regardless of whether it's viable or ghosted. Coins in circulation are definitely a lot less.