Some people often view increasing in market cap as "gained value for the system" , well , it's not .
Let me dumb this down for you . The whole idea of market cap is to calculate the total price of the available share supply at current price .
It would be accurate if the available share supply equals to the supply in circulation . But in reality , there are only 1/10 or even 1/20 shares in circulation . (some coins are even worse , because they can not even sell 1/50 or 1/100 out without collapsing the price )
If we factor in the 1/20 ratio , then a system worth 47 million USD on market cap is only worth 2.35 million USD in the sense of real money .
When we want to expand the spending because we're feeling rich by increasing in market cap in short term , please always remembers that cold hard fact ---- We don't have that much to spend to begin with . Please do not feel any dilution is insignificant just because it's a "low percentage of total supply" , but also factor in "how much percentage of circulation " , you'll see the answer .
The latest pump increased 12.5 million USD in market cap with only 0.6 million USD in cash . That's another example of how 1/20 becomes the pattern in the BTS eco-system .
So , please do not feel angry when the shareholders make it tough on some "only 3000USD a month income job" of a 100% pay rate delegate . No matter how much the market cap increases , the pattern is still the same , 1/20 , it's easy to lose sight on that .