Quote from: cafucafucafu on June 27, 2017, 07:21:52 AM

I still struggle to understand why ETH was so close to breaknig the market cap of bitcoin in the first place when it's got so many problems with its blockchain. And it's not like the smart contracts that ETH has which is apparently its selling point has any real value than for ICOs

Because market cap is used to fool people into thinking that a coin has any value (well, a high value). When a coin has around 80% of its total supply premined and which never entered circulation while the rest of circulation gets locked into various projects, it won't take a lot of effort and money to make the market cap as high as you please. I guess if Ethereum received even one tenth of liquidity that Bitcoin habitually handles, its market cap would be in the hundreds of billions already

This is to show how meaningless and irrelevant the market cap figures are