That value came from Coingecko.com which has 127 pages of coins (100 coins on each page > 12,ooo coins); however, many have rather meaningless or zero values, and may be in the process of closing or just being formed - after a certain point even the site stops numbering them. The other number-of-coins figure I gave in the previous post (8900 or so) comes from another market site which seems to be tracking more actively traded coins.
In any case, as you well know the market cap is a continuously changing metric where the specific minute-to-minute/day-to-day value is not as important, at least for general or policy discussions (like Fed warnings), as the ballpark magnitude. That being said, the value this morning was $927B.
Although, cryptocurrencies do not technically fit the definition of "money," for the practical purposes of the following statement, it is a subsitute and the technical definition becomes meaningless outside of academic circles. The statement I'll make is that all forms of money are a means to an end, and trust me when I say the government (or the powers that be - however you want to define them) have different ends in mind than you and I. Beware the marvels and wizards of technology, and especially the totalitarian hand of government. You may think you live in a "democratic" world, but that is a fiction.
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