[HN Gopher] Magic Doesn't Happen, Especially Not in Business
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       Magic Doesn't Happen, Especially Not in Business
        
       Author : ramonrue
       Score  : 8 points
       Date   : 2022-05-27 20:58 UTC (2 hours ago)
        
 (HTM) web link (www.republik.ch)
 (TXT) w3m dump (www.republik.ch)
        
       | potatototoo99 wrote:
       | >These people are really fond of the number called <<market
       | cap.>> All that means, though, is whatever the last price for a
       | coin was multiplied by all the coins in existence. What it
       | doesn't mean is that you can convert all of them into real money
       | at this price.
       | 
       | What kind of criticism is this, it works exactly the same in the
       | stock market. Jeff Bezos doesn't have billions on some bank
       | account either, and if he tried to liquidate his stocks he'd get
       | pennies on the dollar.
        
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       (page generated 2022-05-27 23:01 UTC)