If we assume the hypothesis that Ethereum would fully conquer Bitcoin's share of the cryptocurrency market if Bitcoin is reduced to almost nothing, then we are talking about a growth of the investors assets of ~200% over just a matter of a few years (or perhaps less, in theory).
you keep circling the weird, silly, foolish notion that the marketcap ranking have real dollar/% value
how about create a altcoin of 1trill coins and sell 0.01coin for $1 and see that you just created a #1 market cap of $100trillion for just $1
please realise that the market cap numbers are not at all related to any true $ amount held anywhere. people dont get richer via market cap numbers
@franky1, you bring a lot of knowledge and insight to this discussion, and I for one am thankful for that.
I promise to get back to you on your earlier points. By the way, I'm back to civilization now, so I can hopefully answer more frequently from now on.
In terms of your last point, yes, I have indeed been working with a perhaps simplified assumption, in my work and in my arguments for this discussion, that the price of Ethereum is not inflated.
You are right that if I were able to convince a only small number of people that my altcoin, in your example, is worth $1, then I would appear to have a much greater fortune than I actually have.
However, if I were able to convince the world (or a sufficiently large number of people) of that value, and were able to sell them all, then I
would indeed have that fortune.
You argue that Ethereum is inflated. That's fair. Your claim that it is inflated to the point that 5% of stakeholders can't move their assets without causing a crash seems a bit wild, though.
However, you have made some arguments about why it is inflated that I have yet to answer, so let me get back to you.
And in the meanwhile, just know that I understand what you mean when you say that you don't think the market cap represents Ethereum's true value, and that investors won't be able to withdraw it all, and certainly not if they do it simultaneously.