This is a qualitative distinction you are making between different types of token holders. The distinction of stakeholder and trader is arbitrary and irrelevant to "the topic at hand" since it's moot in the context of accounting for aggregate value. Both are in posession of 'circulating supply' from the perspective of the blockchain-issued capital. Both are at liberty to exchange that supply for money and therefore both 'wallets' count towards the aggregate valuation of that supply. Again, the fact that they have different motivations is moot from an accounting point of view.
Dude, just because someone has a knife in the house doesn't mean the houseowner will go around killing people with it. If so, then you are a potential murderer and should be locked up asap.
I wasn't "stating as fact" that you were selling "software as a service". I was simply pointing out that you had no grounds for expecting 98% of your blockchain supply to be exempted from the commonly understood 'marketcap' based on the role of the token as long as it's tradeable with a reseale value on the open market. Ironically, the implication of that point was specifically that you were not selling a "SAS" business model
Dude, you are barking at the wrong tree. You should bark at coinmarketcap AND stock exchanges for using the exact same formulation in estimating the market cap. Reggie isn't inventing a new market cap formula. You are effectively talking nonsense.
You're confusing methods of equity valuation with the calculation of marketcap of a blockchain token. The two have nothing to do with each other.
Having challenged your perspective on accounting for token supply 'marketcap', I should add that I'm not otherwise challenging the viability of the token. I'm simply pointing out that the immature and unregulated conventions in this sector are being taken advantage of (gamed) by all and sundry ICO offerings with an audacity that is un-precendented in the sector. Ostensibly, we are in a period where more formal conventions will eventually evolve and right now it's arguably one person's reasoning against another which is why it's important that this debate be had and that (IMO) the view you are taking not be allowed to prevail.
Do you honestly have any idea what is the definition AND formula of calculating the market cap (accounting-wise) used by coinmarketcap AND stock exchanges? You are not trying to stir some trouble, are you?
Dude, just because someone has a knife in the house doesn't mean the houseowner will go around killing people with it. If so, then you are a potential murderer and should be locked up asap.
I wasn't "stating as fact" that you were selling "software as a service". I was simply pointing out that you had no grounds for expecting 98% of your blockchain supply to be exempted from the commonly understood 'marketcap' based on the role of the token as long as it's tradeable with a reseale value on the open market. Ironically, the implication of that point was specifically that you were not selling a "SAS" business model
Dude, you are barking at the wrong tree. You should bark at coinmarketcap AND stock exchanges for using the exact same formulation in estimating the market cap. Reggie isn't inventing a new market cap formula. You are effectively talking nonsense.
You're confusing methods of equity valuation with the calculation of marketcap of a blockchain token. The two have nothing to do with each other.
Having challenged your perspective on accounting for token supply 'marketcap', I should add that I'm not otherwise challenging the viability of the token. I'm simply pointing out that the immature and unregulated conventions in this sector are being taken advantage of (gamed) by all and sundry ICO offerings with an audacity that is un-precendented in the sector. Ostensibly, we are in a period where more formal conventions will eventually evolve and right now it's arguably one person's reasoning against another which is why it's important that this debate be had and that (IMO) the view you are taking not be allowed to prevail.
Do you honestly have any idea what is the definition AND formula of calculating the market cap (accounting-wise) used by coinmarketcap AND stock exchanges? You are not trying to stir some trouble, are you?
I don't believe toknormal is an authoritative figure in any field. Not legal. Not accounting.
The next time toknormal comes and talk nonsense again, please keep asking him this "Do you honestly have any idea what is the definition AND formula of calculating the market cap (accounting-wise) used by coinmarketcap AND stock exchanges?" question.
Keep asking him the same question over and over again (which I believe he is denying) because that I believe will reveal the flaw of his intellect.