Quote from: damashup on July 04, 2014, 05:46:58 PM

Would I be right in thinking that the marketcap (used in the context of cryptocurrencies) is a bit of a fiction? For the majority of coins, there simply isn't the liquidity at the current price?

That's both ways. Try to buy 1 million BTC and you see what happens Wink

Quote from: Este Nuno on July 04, 2014, 05:51:07 PM

Quote from: rpietila on July 04, 2014, 04:59:50 PM

Quote from: Este Nuno on July 04, 2014, 04:56:03 PM

Total number of coins to ever be minted? Why is that more helpful than the standard market cap calculation?

It tells us the real picture. I don't know about you but I always compare coins using that metric alone.

But generally shouldn't the market be taking the future supply curve into account when pricing? Or do you think that these markets are so inefficient that they don't reflect the reality?(Likely) And I can assume that is one of the major reasons you consider XMR a sound investment. The market doesn't reflect the coins true value? What would a fair valuation look like right now in your opinion?

Yes of course. But wasn't the topic that "why is XMR undervalued"? I think it is not, the market is taking into account the 10-doubling of coins and assigning it the valuation of 50M, which makes XMR on par with NXT and much ahead of every other PoS coin.

I think XMR is fairly valued at 0.005-0.010.