You for one continue to hammer on the "full coin supply," failing to differentiate between that and the circulating coin supply.
There is no difference between a "full" and "circulating" supply.
If there is a potential seller of 98 million coins over the net 18 months or so, then that represents part of the 'circulating supply' at least for the purposes of marketcap calculation.
Let me guess: You didn't get in and are now trying to push the price down to get in at 0.02?
No. I hold some Veritasium and I am sitting here with dry powder on Ether Delta ready to fire some more into it, but I do my due diligence and I don't like buying grossly overvalued stuff however high it's expected to go. As such, it doesn't really matter whether coinmarketcap calculates the marketcap based on a supply of 100 million or 2 million since investors are free to value it as they see fit and if there are 98 million "new tokens" available for new institutional investors then that makes the supply 100 million from my point of view, not 2.
The reason this is important is because if I calculate it to be overvalued according to comparable assets then so too will some interesting contenders who like the idea making a few bucks out of this market, for example the Goldman Sachs, JP Morgan & Barcleys and they won't have 2 "analysts" programming their automated investment vehicles, they'll have 300.
"There is no difference between a "full" and "circulating" supply" - I beg to disagree! I thought you were only half full of it, but applying your logic, you're clearly full of it.
"I am sitting here with dry powder on Ether Delta ready to fire some more into it" - Exactly. Now you are here trying to stir the proverbial so that you can get in at 0.02! Good luck. I can give you a guarantee that I will be the last person to off load at that price.
