Description Today’s episode is a departure from the usual format. Instead of an interview, you’ll hear an audiobook created from a long-form article that I published with Nathaniel Whittemore a few weeks ago, entitled “Crypto Market Cap: An In-Depth Review & Survey Of Emerging Alternatives”. The article sparked a lot of discussions, but some of the feedback suggested that the length of the article may have made the content less accessible. Listening to the article, however, provided a much different experience. What you’re going to hear on today’s show is the article read by a professional voice actor who has experience narrating Audible books. In this piece, Nathaniel and I review the following topics: In this episode we discuss: -Why the conversation about Market Cap matters -The origin of Market Cap-How Market Cap became the dominant measure of value -How Market Cap is evaluated -The differences between tokens and stocks, and why this matters as a critique of Market Cap -How inflation schedules matter as a critique of Market Cap -Why the challenges of determining what number to use for supply lead to a major critique of Market Cap -The problem of Redemption Impact when it comes to cryptocurrency -How a Fully Diluted Market Cap could improve on the current Market Cap system -How using Realized Capital could provide a more accurate picture of circulating supply by removing lost, dormant, or never-activated coins. -How The Market-Value-to-Realized Value (MVRV) could incorporate market cycle analysis into market capitalization -The case for measuring volume and liquidity instead of market cap -Measuring security expenses as a measure of assessing value -Measuring community and network health as a means of assessing valueA Note From Our Sponsor:Do you Need An Enterprise-Grade Crypto Market Data API For Your Fund, Smart Contract, or App?Nomics is an API-first cryptoasset market data company. Our product is a developer tool for funds, family offices, enterprises, and fintech developers. Our API enables programmatic access to clean, normalized, and gapless primary source trade data across a number of cryptocurrency exchanges. Instead of having to integrate with multiple exchange APIs of varying quality, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets, instead of identifying opportunities, or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support and SLAs, then check us out here. One notable difference between Nomics’ API and competition is that the Nomics product has no rate limits.If you’re an enterprise or fund that requires error rate, update, and accuracy guarantees along with email and phone support, then consider using the Nomics Crypto Market Data API.