That should be normal, 9 cents would be more like it
I hope we see BTC go for volume growth not absolute fees as it excludes too many normal people from normal usageAs it relates to equity market cap, traditional market cap is simply outstanding shares x market price... what you are referring to is float-adjusted market cap. Generally speaking, indexes are float-adjusted, example, the S&P 500, whereas individual company market caps aren't. This obviously depends on the data provider but in most cases you are simply seeing OS x MP.
Actually this is an important point made against Bitcoin and crypto in general. A criticism with slightly more finesse then Ponzi scheme, but of inflated value.
https://www.investopedia.com/terms/p/paintingthetape.asp
Painting the tape or fake bidding in a price, the kind of trick that can happen most easily in penny stocks perhaps. But as said above they take measures to exclude iilliquid stock value from indices. I also thought they would exclude 'family' holdings of stock, like the family behind BMW for example but maybe Im remembering wrongly there - http://fortune.com/2015/08/06/johanna-quandt-the-billionaire-widow-behind-bmw-dies-aged-89/
Jim Rickards keeps getting asked to call out or argue against crypto in general, he recently mentioned this alot. He is a former attorney for LTCM, one of the most wide reaching FIAT trading companies failures to occur. At which point he became bearish on the dollar backed world reserve system. I rate him overall, theres a few of these big bears who miss out the utility of bitcoin. Iam also bearish on high fees in bitcoin for that reason, its choking natural growth which is a central requirement not secondary to asset speculation.
2mins in
https://www.youtube.com/watch?v=6r04gfWfRkE
Relevant link popped up on distribution charts on various standards - https://steemit.com/investing/@danielclough/distribution-comparison-of-8-coins-blk-nav-pivx-ppc-ltc-dgb-vtc-and-btc
Someone do a chart for dollar, how overweighted are we to Federal Reserve or even worse for the YEN and BOJ
[Sent 0.0002btc with 4 sat/byte fee to exchange which acknowledges the attempt quite fast & Mycelium says unable to broadcast. App suggested 4 sat itself]
