News for hackers. Stuff that matters.

A comment on 5M Dollar in Cryptocurrencies.

Re:5M Dollar in Cryptocurrencies by spaceten on Saturday December 16, 2017 @11:33PM (#15944123)
Looks like if you multiply [Total Coins] by 0.00000005 you get [5 million dollar equivalent], which, multiplied by [Market Price] gives you [5 million dollar equivalent in USD].

Seems to be that one advantage here is that, whereas Market Cap depends on the number of coins in circulation, this innovative analysis provides a manageable number to use in comparing currencies regardless of what percentage of each coin is in circulation.

For expample, if 100% of a given coin is in circulation, then you get the same result as above by multiplying [Market Cap] by 0.00000005. On the other hand, if the percentage of a coin in circulation is less than 100%, the results are different.

I'm not sure why it's called $5M equivalent.

Thanks to the OP for sharing.

[ Parent | on HN ]
Re:5M Dollar in Cryptocurrencies by coralreef on Sunday December 17, 2017 @07:53AM (#15945566)
Not sure I understand how the 5 million dollar factor was n calculated. Author links to the CIA Factbook that shows world money supply in USD.

Either way I think they left out at least 1 decimal place if they're calculating against USD in circulation ($1+ trillion). So should be 0.000000005.

[ Parent | on HN ]