@Mikeymanifesto - I'm starting to wonder if the high circulating supply of Cardano was in fact, strategic thinking on the company's part? Charles has already been saying that he's starting to tour all over the developing world to educate the nearly 2 Billion people without bank accounts and ID's of the value cryptocurrency provides. Now, the question is what will happen once all of these people start entering the space? If there was a low circulating supply, it would be to expensive for 3rd world countries to get a piece of the pie. The current fee's involved in Bitcoin surpasses a whole monthly wage for people with little income which no one seems to be taking into consideration. Maybe this has something to do with it?
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It's a beautiful post. But I can not agree with the market cap staff. You can find tons of resources regarding a bug bs on market cap indication.
We all know that there are hundreds if not thousands of bitcoins are missing somehow not accessible by their owners due to old laptop dumped in to the bin or lost keys.
So circulating quantity of any coins at the moment unknown due to these basic reasons.
If eople willing to pay 5 dollars or 500 dollars today it would take even onky a day or two to reach to these numbers. I saw that happened at Ripple xrp with my own eyes that it took only a day or 2 to reach 4.50 aud from 1.20 aud with all rumors were going to be added onto coin base.