Topic: Incorrect Bitcore(BTX) Circulating Supply on CMC - page 3. (Read 4203 times)

Then they need to change the circulating supply on btc and bch and a lot of other coins too.
Why not just stick to calculating it like it's done on every other coin, instead of everybody and his grandmother coming up with their own numbers. fair enough?
Thank you.

I propose a compromise. Since it is estimated by Seeking Alpha that 25% of all BTC is lost, https://seekingalpha.com/article/4082979-many-bitcoins-lost-forever, That 12.5% of BTX is removed from option 1 to account for the lost BTX and BTC. If you really want to be accurate I would say the circulating supply should be about 25% lower due small amounts never being claimed and the 12.5% Lost right off the bat.

Greetings Community,

As many of you know, the Bitcore team have been trying to work through the issues with CMC about our circulating supply being incorrectly displayed. I believe CMC views our "virtually forked" coins to Bitcoin holders to not be in circulation so in response our circulating supply has been arbitrarily frozen at 1,195,602 as of November 6th. Since November 6th, we have tried to establish direct contact and consequently we have been waiting for our circulating supply to be corrected. We are now creating this poll to enlist the help of the community in determining a good solution to the problem. Below is a brief description regarding each option and also the spreadsheet that documents everything from the airdrops, first claiming period, virtual fork, development fund addresses, and even the supply from mining. We stopped the calculations at block 84700 so anything that has occurred after that is not accounted for in the spreadsheet. We hope that you find this poll satisfactory and if you have any questions then please be sure to ask.

Sincerely,

Your Bitcore Team

Option 1: Circulating Supply includes the "virtually forked" coins

This option would essentially mean that all coins not currently controlled by the development team are considered in circulation. The numbers are documented below in the spreadsheet and this would mean the circulating supply would be 9,945,943.897515 as of block 84700. We think that this treatment is very fair since the coins are not in our possession and it is exactly how Bitcoin, Bitcoin Cash, and even additional forks have been calculated by CMC.

Option 2: Circulating Supply does not include the "virtually forked" coins but still all of other coins

This option would not consider the "virtually forked" coins to be in circulation but all other coins would still be counted in the circulating supply. The circulating supply for this option would be 1,625,941.46974566. All additional airdrops and coins mined beyond block 84700 would of course have to be added to the running total.

Option 3: Circulating Supply should be permanently frozen at 1,195,602

This option would mean that our circulating supply, despite any proven numbers, would be permanently frozen at 1,195,602.

https://docs.google.com/spreadsheets/d/1gzHqrDDCHyfBtA4H4wl15VYHQzwwfULcJq1r4JcVnOA/edit?usp=sharing

Well to be fair Ethereum did something very similar with the DAO hard fork and they are still one of the most trusted coins out there. That being said, it is still not preferable.

Not preferable is mild.
This would be absolute madness. You can't take coins out of the blockchain on an explicit date or a decision of even the devs. Something like that would destroy every trust into the currency.

Again, it's hard to counter cmc's arguments and reasons, if we don't know them.
What have cmc comunicated to you so far? I read on their twitter that they had "sent you a msg" after they had reverted our numbers. What did that and eventual follow up messages from them say?
I mean we're kinda working blind here.

That would require a hard fork so I don't think it is the preferable option.

Option 4 , proposal
Define a maximum date to claim the btx to the btc holders and close that topic, The remaining coins are included in the airdrop, can this be done?