Topic: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! - page 215. (Read 639542 times)

Nobody is 'manipulating' this statistic.

It's just that Coin marketcap is an inadequate statistic on its own to get a comprehensive picture of a coin relative to other coins.

Thats not a reason for distorting this statistic and giving it all sorts of "flavours". It's a reason for introducing other measures (such as say total traded volume since inception).

By definition, market cap is number of coins times price - so that means 'big' coins will have a higher market cap. It's correct that they should be high on the list. It doesn't mean they're better or more desireable, it just means they have a bigger market cap. Its like saying "the US has a bigger GDP than Iceland, so its a better country".

No. It's just got more people.

Likeways, its understandable that NxT has a bigger market cap than Primecoin - because it's simply issued more coins. It doesn't make it more investible - XPM might be a better investment. Market cap doesn't tell you anything about that.

People should stop moaning about 'manipulation' of market cap and just learn to read statistics. It's not a league table in a race, it's a table of statistics. Treat it as such.

Oh yes lets go back to cloning FED and just spring coins in to existence effortlessly for the selected few to gain interest (POS) on them and sell it back to regular people at what ever rate they see fit to part with what they got for free, but leave all POS advatages to those who have more coins ... This is actually why we have mining on the first place as coins which were mined at difficulty 1 still were not free due to, risk taken, money spend on equipment, human hours of research on why you decided to mine particular coin and so on. Just being handed 100million coins and start selling it, is getting it for free and it has to be the MOST unfair distribution ever created and the reason for BTC on the first place (FED) This is probably why most larger exchanges do not have this coin traded and the fact that they  have their own to address this issues SHOULD BE OBVIOUS to all looking at their market cap until situation changes.  

 Common man you cant possibly believe NXT going up from 0.03c yest (30Mil usd) to 0.06c today just had a marketcap increase by 30million.... \

Master coin just surpassed PPC in its market cap and it is on ONLY one exchange ... I am not here bashing any coin or saying they will fail or that they will not be around long term ALL i am asking is to have some warning lables on coins which are traded on their OWN EXCHANGES as it seems little crazy.


Coinmarketcap admin does not want to filter coins on his own, thats fine but bigger exchanges do it so in this case if he is lazy let other decide based on what trusted exchanges are doing with these new coins.

 Its a simple measure to protect otherwise pretty functional coin rating system form becoming a  total joke.

Decentralized exchange at this point should be treated as a trusted SINGLE exchange source, here you have to do a little research and see if there is volume and how coins were distributed, but since the guy who runs this site wants to stay out of it lets treat it as single trusted by default, so Yellow unless another trusted exchange is trading this pair then we go Green
 
In light of all new coins starting at these insane evaluations we must at very least disclose source of price feed in simple and clear way for anyone to understand.

Also coins which FOUGHT their way to all top exchanges through blood sweat and tears, community effort and time, need some sort of recognition in times when market cap has become a simple stat to manipulate.
This way, when i refer new people to coinmarketcap to look at alt coins i can tell them to just look at Green and possibly yellow if they are a serious risk taker, avoid red until price discovery is tested by real exchange.

What about coins traded on decentralized exchange "inside" them? It doesn't make sense to create more than 1 decentralized exchange.

Gliss, in light of this new market cap exploit, but since they are playing by your rules which you dont want to bend. May i suggest a "cure" for this nonsense ?

Since clearly the main issue here is that prices are coming from single exchange for each of the coins in question NXT and MSC and these exchanges although in question I see they are indeed public as you say and that is why they are granted a spot on coinmarketcap

What i am suggesting is

Green highlight through coins like BTC , LTC , PPC, NMC and a like and reserve green for price feeds with trusted |MULTIPLE exchanges such as MtGOX, Btc-e, Vircurex, Coinbase, Bter and so on..

Yellow could be reserved for coins which are traded only on ONE reputable and then one or more new exchanges and could indicate that it is susceptible to market price manipulation as it is not well distributed.

Red would show that this coin is traded on its own dedicated exchange and could be easily faked with out anyone ability to verify or prove it.

You can also have filters at the bottom to filter all but green or yellor or red and display only those coins for ppl who want to take larger risk

what i am suggesting is not perfect, but i think it will give us a fighting chance against this type of exploit as we go forward. I see some new coins starting with 3-4 exchanges to show more trust in them and even grouping with other shitcoins to offer more then one on their scam exchanges to cross manipulate them and thus buffing up coin market cap to attract new real money. With out a clear filtration system for this we are putting new members of crypto community in harms way.

Merry Christmas

That all is very true and we all appreciate his service.

Gliss is providing a very useful service to the entire cryptocurrency/cryptocommodity community. He has been very objective and transparent with his modus operandi and he has been receptive of criticism (both positive and negative).

Fundamentally he is unambiguously doing the right thing to include as many cryptocurrencies as possible, without abusing his power by adding or removing any individual cryptocurrency based on his own bias/prejudice or indeed anyone else's.

Bravo Gliss. Keep up the good work.

1) Read through pages 38-42 carefully and analyze evidence presented, it will not get more clear than that.
Unless you expect to be trained like a young puppy and literately have your face forced down in a steamy pile of dog poo, which may be your personal fantasy and I hear some people pay a lot of money for it, possibly in NXT or MSC.

2) Really I am going to start 20 clone copy shit coints wth 10, 20 ,30 and so on billion coins premined and create 3-4 of my own exchanges which will trade ONLY these 20 coins and I will shuffle my own btc around starting each coin at $0.02c- 0.10c and effectivly make your coinmarket cap site's top 20 list in first week? Are you on crack, did some one not buy you a nice present for Christmas?

3) Yes at the very least stick these abominations with ripple at the very bottom of the page, this way when 20+ of these follow you will still have SOME SORT of FILTER for decency and they will follow as people see this as a new marketcap EXPLOIT.




Merry Christmas to you and your loved ones!

That literally makes no sense.



I'm not calling every single coin a scam, but there's quite a few about.

Could u explain how it's possible to push the market-cap high having coins, not fiat? Did u mean to push it down?

Hopefully not before they dump your posts having become unprofitable to read.

Am getting sick of every single coin being labelled a "scam" just cos its fashionable to do so and no-one can be bothered to research it.

There's also a whole heap of hypocracy going on from people who scream "scam coin" at "instamines" while hoovering up 6 figures worth of every new alt they can scramble onto at ground level.

"Scam coin" syndrome is something that affects all cryptocurrencies full stop - every single one of them. They are all hoarded by early adopters and that's how the general public who have had nothing to do with cryptos until now will see it. If you think that some are "fairly distributed" and others are not then you're making up your own delusional crypto-ethics as you go along while being clueless as to the real statistics that are actually going to affect its future growth.

For example, there are many reasons why it's a good idea for some coins to have a very large monetary base early on - not least the fact that until recently there are only about 0.001 of any type of reasonable alt coin available for every person on the world.

Secondly, the fact that a coin is 100% POS and has built-in anti-hoarding properties, likeways affects its viability independently of whether its 'premined'.

Far from being a "Scam", the future for large base "instamine" coins is at worst unknown and at best prosperous. Nobody's going to lose bigtime on any of them unless they are idiotic enough to invest their entire BTC holdings in the wrong one at the wrong time. While at the same time, some of them introduce powerful and visionary new features which are actually likely to give them long term value independently of their speculative price.

That's ridiculous. Anyone can buy it, and you don't need to buy a whole coin. Will you abandon your alts once they get too expensive, or just dump them for a tidy profit?

WTF are you smoking? DOGE was 0% premined.

I do not really understand what Mastercoin is but i am worried about it because the top 50 Wallets own more than 80% of all coins,
and they even didn't mine it, so it's really expensive to get into it and i am not fan of these type of whatever Bitcoin Protocol....

And most of these new generation pre-mined crypto-currencies like NXT, DOGE, EARTHCOIN, have a huge amount of coins and it's really easy to push the market-cap high, so if new people come into the cryptoscene, they think that these currencys are good.
71 people start to sell and distribute NXT they startet with it last month on a "private exchange" and trough the forums so i don't really know what the distribution now is but i think it's also possible that 50 people own more than a half...

So it would be great to add a notification between the name line and the market cap line so that everyone can recognize it easy and fast without research what type of coin it is.

What do you guy's think about eMunie? It also will be not mined because it's a completly new direction of cryptocurrency's the system generates them (inflation), hope you will not see eMunies like a Scam or premined coin. It's not out yet but it will be soon.

cheers

Maybe?!

Please put this filter in place for all coins with 20% pre-mine or more. I believe this is fair as mining plays an important role and make a coin fair and truly decentralized.

What are you talking about? So coins are only worth something if you can mine them easily. All coins start off like this. People will just dump these scamcoins as soon as the become unprofitable to mine.

It's not only that - its also a pretty amazing coin.

If you want to highlight "scam" coins for reasons of distribution, then start with Bitcoin.

No one can buy it - its too expensive
No one can mine it - its too expensive
It's poorly distributed and full of large initial holders waiting to "dump" on the market.

With NxT on the other hand, you can still pick up a fairly massive amount of coins for a tiny amount of Bitcoin. It has an upside just as big as Bitcoin and almost no downside at the current price.

If that's your idea of a "scam" coin then I'll have some more of them thanks.

Valid points. But the world is not perfect, more fair way to do initial distribution is still waiting to be devised.

??


cause money matter more than people.