This makes me speechless. Utter madness...

Helpful reading by the same author: https://blog.mollywhite.net/cryptocurrency-market-caps-and-n...

He is describing stock exchanges: nothing specific to crypto.

> He is describing stock exchanges:

Good for him, whomever that is.

She, on the other hand, talks a lot about crypto: https://www.mollywhite.net/resume/

True, but she does clarify how it is particularly easy to build cloud-castle valuations in the crypto space, e.g. by pegging to other crypto. It also contextualizes the grift counter from the OP.