Hi this is Bobby, co-founder of CoinGecko. We don't claim that our ranking is the best but we want to help the community by providing more metrics to better analyze altcoins. That's our main objective.
I agree that there are more metrics that we should consider and we plan to add more metrics as we go along. The community section is highly skewed by using data from Reddit which I agree doesn't reflect coins used in non-English speaking countries such as Monacoin (popular in Japan) or Ybcoin (originating from China). That being said, it still provides a basic method for looking at altcoins.
For developer, we actually take stats from Github and for those hosting their source code on Bitbucket, we get the stats there. Coins which do not have open-source code repository will have a score as 0 as we cannot evaluate these coins. Coins need to have their source code open for others to check for bugs and ensure that the code does what the coin creator claims.
Hope this help answer your concerns.
Topic: CoinGecko score system is far from reality (Read 376 times)
The site is a joke
The sites score system is misleading because it has flaws.
- It seems the community score uses only Reddit activity which is unfair, even some dead coins have a pretty high score from their subscribtions from long time ago. While some coins have also users outside of Reddit (think of apps, non englisch speaking users etc.) According to CoinGecko, WhatsApp would score very low on community.
- Dev activity score only checks github which is not right aswell, cus there are coins with much heigher activity outside github but their dev score shows 0 while some dead coins score more.
This makes the score system not based on the truth.
- It seems the community score uses only Reddit activity which is unfair, even some dead coins have a pretty high score from their subscribtions from long time ago. While some coins have also users outside of Reddit (think of apps, non englisch speaking users etc.) According to CoinGecko, WhatsApp would score very low on community.
- Dev activity score only checks github which is not right aswell, cus there are coins with much heigher activity outside github but their dev score shows 0 while some dead coins score more.
This makes the score system not based on the truth.
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