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A comment on Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal. Parent comment

Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by CryptoPunk on Monday September 04, 2017 @08:54PM (#15171798)
I've seen the term fall out of usage. Years ago, when Bitcoin made up 90% of the cryptocurrency market cap, and nearly every other cryptocurrency was a fork of Bitcoin, with a name that was some variation of *coin (e.g. Litecoin, Peercoin, Dogecoin, Novacoin, BBQcoin) it made sense. Not so much now anymore, with Bitcoin's market cap under 50%, and original projects being its major competitors.
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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by lawless123 on Tuesday September 05, 2017 @05:32AM (#15173660)
Market cap is a poor way to measure each coin. You can create your own coin premine 1 million of them. Sell a few for ~5 dollars and claim it has a market cap of 5 million dollars.
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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by CryptoPunk on Tuesday September 05, 2017 @11:06AM (#15175918)
Market cap can be a totally valid way to measure total worth. In the case of a cryptocurrency with a large circulating and trading volume, like Ether, it's a reliable measure of total value.
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