Lesson 1 / 5 · 8 min · take your time
Supply is not value
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Board 01
Supply is not value
How many units exist, how many more will exist, and who holds them — that is supply. It is not value. A scarce thing nobody wants is a museum piece. A plentiful thing lots of people need can still be a market. Crypto marketing loves the first sentence and hides the second.
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How many units exist, how many more will exist, and who holds them — that is supply. It is not value. A scarce thing nobody wants is a museum piece. A plentiful thing lots of people need can still be a market. Crypto marketing loves the first sentence and hides the second.
Circulating supply is the units that can actually trade. Total or max supply includes units that do not exist yet or are locked. using the wrong supply is a costume. — times max supply — is a teaching size for “if everything unlocked at this .” It is not a prediction that it will.
Bitcoin’s cap is famous and easy to repeat. Most tokens do not work like bitcoin. Copying the speech onto a different schedule is how people get surprised by inflation they were told not to see.
This board’s teaching sizes are not a research department. If you need the real schedule, you go to the project’s documents, not to our .
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