Topic: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! - page 216. (Read 639542 times)

Oh yes really? When someone has proved that NXT IS a scam, you ignore um and call him a troll instead of responding. That's your way to feed the scam.

1+2 --

https://bitcointalk.org/index.php?topic=189919.new#new

3 --

If all coins are premined (in the positive sense like in a 100% PoS coin like NXT), the developer distributes the coins for BTCs, or give aways etc...

In this case 'total no. of coins' are the coins that the developer has distributed till date; this's similar to the 'total mined coins till date' which this website considers.

NXT has no roadmap or whatever of how the coins will be distributed, it's now know how many coins the developer holds or how many coins are in circulation; thus 'total no. of coins' or 'total mined coins till date' are not know to correctly predict the total market cap.

The way you want it, makes things like this --

Declare there're 100 billions coins. Distribute 1%, prices go up cause the coin is scarce; multiply the price * 100 billion = Total market cap where 99% is owned by the developer and he's the god.

+1 simple as that.

Yeah I don't understand either how is market cap misleading? Market cap is market cap.

Anyway unlike on exchanges I'd like to see all the options and coins on coinmarketcap. Filter is fine if it's opt in.

Hello,

I am the co founder of masterxchange.com . I wont comment about mastercoin itself, just about the concerns about the exchange :

- Mastercoin is very hard to integrate since it is fondamentally different than most alt coin. There is not a simple "modified bitcoind" that you just have to launch and everything is done. Its probably why there is no exchange other than us right now integrating it.

If someone is making the 4324th altcoin which is just another bitcoind recompiled, of course it can be pretty instant to integrate for any exchange already handling bitcoins.

- We have no links with the mastercoins fondation whatsoever. In fact, we did not even get a bounty for it or any award. We just decided on our own it would be a cool project and maybe a good way to start into the exchange business.

As for myself, I do not even own any mastercoin except the 0.xx I got from trading fees on the exchange.

I dont see why there is a particular focus on Mastercoin and NXT. There are lots of coins which were mined within a few days (If i am correct, I even think that the very sucessfull dogecoin has a very very fast mining algorithm).

All the values of all the coins derives also because people are hoarding them, hence only a very small subset of the coins is actively traded and this can create huge values without the corresponding fiat amounts in the system. But keep in mind this is true for ANY asset. Gold is so expensive for example because so many people store it as a mean of value.

Finally, there is others means of trading mastercoins (self service exchange, forum trades, direct reseller) and the price we have is reflecting the previous price, slightly higher maybe because of the current buzz.

Our exchange is public, anyone can verify the trading data for himself.

Regards,

Emilien

U'll get rid of all 100% PoS coins in this case coz 100% initial distribution is the only way to build secure currency.

I don't mean to complain, but why are we adding currencies with closed or single market exchanges?
The exchanges need to be distributed and public, such as cryptsy, vircurex, bter, btc38, btc-e, coin-trade, coine, coinex, etc etc..
This would let the public much better determine the value.

I believe you may want to begin using certain policies or the users may find this service unreliable and inaccurate.
One could easily create any coin and their own exchange and make the price any they wish, which really seems to be harming the reputation of coinmarketcap.com.

Just my 2 cents.

**Example policies could be that a coin needs to be listed on x number of exchanges first as to not artificially create a value, the coin needs to trade x volume as a minimum as to not artificially inflate the value, coin that are not completely 100% premined already, etc..

I'm just letting you know that all I see in chat rooms is how coinmarketcap.com is now completely unreliable due to a lack of these policies and people seem to be calling for a new site. If it were me, I'd try and fix this issue and restore faith in the site, as it has tons of potential.

Regarding removing Nxt, MasterCoin, and Ripple (which is now being voted on at https://bitcointalksearch.org/topic/poll-should-coinmarketcapcom-re-list-ripple-381016), there seems to be 3 main arguments against it.  I'll let you know what I think about each:

1) It's a scam

Prove it?  Every single currency on the site has been called a scam at one point.  Unless the software is distributing viruses,  this is not enough to de-list.

2) Only traded on special exchanges that trade one coin

As long as the exchange is open and anyone can buy and sell freely, not sure why this is relevant.  If anything, there should be a volume requirement, but the three in question already have way  more volume than most of the other currencies.  If you have evidence that exchange is falsifying data, then please let us know.  I've already tweaked the calculation to avoid price manipulation spikes on tiny volume.

3) The marketcap is misleading for 100% pre-mined coins vs non pre-mined coins

This is really the only argument I have sympathy for.   But that's what marketcap is: Price x Total Supply.  We can solve this problem by providing filter for 100% mined coins.  What do you think of that solution?

What evidence do you have he accepts bribes?

*Pause for laughter*

You think THAT is hurting the community? There's so many coins listed that are basic Bitcoin, Litecoin and Peercoin clones, I've lost count.

Great, let's remove all the coins under slot 15.

And maybe memecoins.

http://themisescircle.org/blog/2013/12/20/mastercoin-is-a-nightmare-of-insanity/

Just out of curiosity, what is Mastercoin used for? Is it going to pop up on any exchanges or?

I believe the consequences of allowing anyone to create their own coin and give it a value without any consent will take crypto currencies backwards and possibly create an unfair market ruled by marketcap rather than true investments by the crypto community. Please consider this. They should be listed as per ripple.

We all have a responsibility in how we want to shape the image of cryptocurrency and the aim should be to positively share and grow amongst who ever is open to mine and trade and help grow the crypto world. Regardless i am sure there are memebers who will aim to create a replacement though im sure we all enjoy coinmarketcap and would like to see it support the community as it always has.

Scamcoins and shitcoins need their own sections.

So we'll begin listing PROTOCOL layers in a list of COIN MARKET CAP now?

Come on, I can't go on and use this if things like Mastercoin pop up in this list.

Mastercoin is completely different from NXT. Read the Mastercoin spec and come back.
Also it was never mined.

Gliss could add another column - market cap including all future mined coins.

Please remove NXT and Mastercoin, 100% premined coins should be categorized differently.

the current coinmarketcap is all over the place and v misleading, this is a serious issue that needs to be fixed. it provides a false impression.

alternatively a newer, accurate, based on real marketcap website needs to be launched.