Topic: SOS.BInance going to adquire coinmarketcap - crypto MONOPOLIZATION on way (Read 684 times)

Hihi, since you mentioned that, and also because I was curious also, I looked at a cached page
While the volume has picked up 20%, most of the known fakers are losing millions in daily volume, probably because it makes no sense anymore to brag about it.

Pretty interesting, this is 2018
http://archive.vn/KIPK3
This 2019:
http://archive.vn/K825i

Apart from Binance which went from 2nd to 9th place, nobody has been able to keep up with the volume pumping some had done.
So, in the end we have newbies going to binance instead of P2PB2B or Lbank, no matter how you look at it I say it's a good thing.


Well, Binance is still the number one even on Coingeko both by volume or their new indicator "trust", so...
Besides, the trust on Coingeecko shows both Okex and Huobi as perfectly trustable, and let's not forget, they are the fathers of volume faking

They know what they are doing, they are expanding, they are not only focus on their exchange but they are acquiring other business and platform to grow their business, for investors, they should be happy with the action of Binance, at least they are spending the huge profit of the exchange in improving their business.

Binance is always centralized, even their DEX are centralized, lol.. but we can see the love of the investors, they are all in support with Binance decision while others who are no on board yet are just watching so amaze.

I don't want to remember honestly
It represents the situation quite good right now - binance and coinbase both are gateway for newbies out there and they doing a good job, basically anyone who wants to know more about security will leave them one day, but they are comfortable to start with

@stompix. Agreed. It might be better for the credibility of coinmarketcap.com to show the real raw volume together with the adjusted normalized volume similar to coingecko.com.

I reckon Changpeng Zhao has shown a similar type of craftiness as his friend Justin Sun hehe.



But the data provider hasn’t just changed its stance on using web traffic, it has also removed an indicator it created in July 2018 designed to provide more accurate data, and weed out wash trading.

Source https://decrypt.co/28924/coinmarketcap-removes-evidence-of-wash-trading-on-binance

I wonder too, btw want to remind that Coinmarketcap is far more popular among people than Binance (according to Alexa).
The most curious thing that I want to quote Eric Benz is, following: Yes, of course, crypto market data is very important from them but it doesn't directly mean that transparent data is important from them. In any way, it's clear that Binance is going to boost its profit by making this step.

Eh, as time goes I am becoming more and more sure that Bitcoin isn't what it was years ago, it's becoming commercial business.

I really wonder why they did that, it is pretty stupid, especially since they've changed the algorithm, and now if you sort by volume Binance is on top with double the volume as others so they could have made that default.
One interesting fact is that Coinbase now is second based on the"web" factor.

To be completely honest, I doubt that if we count anything from articles, links, tweets, and traffic anyone could compete with Binance at this point, it's the newbie gateway right now, especially with their no KYC for under 2BTC rule.

Of course, it's biased but I'm still thinking it's better than what we had before, remember how the top10 looked before?

How convenient.

Not only did they include this new metric, but it of course is the default sorting option, making them appear as number one.

I wonder if their "web traffic" includes all the traffic they generate from their newly launched widget that they have embedded in every single new tab which is opened in every single instance of Brave browser? Call me cynical, but I wouldn't be surprised at all if this was all planned out from the start.

It appears that Binance added a metric where they are the no.1 hehehe.

In any case, whatever Chanpeng Zhao's real motivation behind it, it is clear that it will be the least reliable metric because faking it is easy. I reckon the farmed accounts of clickbots will be back for work hehehehe.



CoinMarketCap updates exchange ranking system to include Web traffic

Crypto data aggregation site CoinMarketCap has unveiled a new change how it ranks exchanges, and now includes a metric of Web traffic as part of that calculation.

The change went live on Thursday after CMC announced the move in a May 13 blog post. "In most cases, with crypto being a retail-driven market, for an exchange to have high volumes, it needs to have a large number of retail traders (i.e. buyers and sellers). Instead of asking exchanges to submit their user numbers, a good intermediate proxy will be web traffic," the site's team wrote, adding:

"As such, we have designed the Web Traffic Factor in this iteration. It takes into account an extensive range of data points, including pageviews, unique visitor count, bounce rate, time-on-site, relative ranking and keyword searches on major search engines."a

Source https://www.theblockcrypto.com/linked/65288/coinmarketcap-exchange-ranking-update-binance

Okay first off, I never thought of Binance acquiring coinmarketcap, and I started to wonder why when I saw this thread, but reading the article, CoinMarketCap has twice the amount of visitors(207 million in the last 6 months) as opposed to Binance having 113 million visitors.

Overall,good move, but the article also says Binance has been on an acquisition spree, and have apparently hired at least 9 firms in the last year, and that's lot considering how apolcalyptic the market has been. And now that the whole coronavirus pandemic has caused what no one expected to, I don't know if spending 400 Million on acquiring CoinMarketCap is the way to go. Not that the pandemic has anything to do with this, but I assure you the aftermath of this is going to rain shit and piss all over the global market, and that 400 Million would be more worth to invest somewhere.

CZ is smart, so if he is actually persistant on this deal, he has better plans in his mind. He's either going to rip Cmc into pieces, or he's going to fully Binance-ize whole of CMC.

Now i understand the reason why you don't want the acquisition to push through and i respect part that you don't lose your dignity but to be honest, most of the so-called popular Businessman and Billionaire does almost the same thing. Besides, there's no more genuine transparency in crypto sphere anymore cause every setting have cheated at some point.

No, it not. He have already posted the link his claimed.

And?
We should stop them, right?
Let's have some antitrust laws, then let's put tax brackets, let's regulate everything 

I find it funny how people are complaining about this and the only thing that can help them right now it's the same government they blame for everything bad int the world. Kind of ironic, isn't it? A free market with no intervention where everybody should conduct their business as they see fit is good till it hurts your own interest, then we forget about it and want rules and regulations.....

Understandable, after all, ideals can't keep a belly full

That would be good, what is happening in normal life is happening, big companies buying small companies, or destroying them.
If Binance will acquire more exchange, that would be good, these exchanges will grow and we will have more room for new projects to get listed in a reputable exchange. The world BINANCE seems to be very popular in the space, I would not be surprise if they will boom very soon.

Trust wallet, WazirX, Coinmarketcap (if the deal goes through), and I bet he is planning to purchase more. If some crypto companies won't be able to handle the economic crash caused by COVID-19, I would not be surprise if they might as well sell to CZ. I can't remember well but I think they posted something about buying new exchanges too. They want everything.

Here is a quote for reference for you, though I didn't follow the whole discussion.
I expected different discussion here but it seems something going wrong here.

My condolences to your girlfriend and baby, it will be really hard for them to live with such a liar and fraudster like you. Your homosexual insinuations are just an indication of your psychic problems, and I keep huge distance from people like you, you are worse than corona+Ebola together.

Just putting me on Ignore only shows your character, but you are actually ignored by everyone in this thread...

Please someone quote this post, so this psychopath read what I wrote..

Monopolization?
Lol....

Just because a shitty exchange is buying a shitty website we're nowhere near-monopoly.
And monopoly on what, lists of shitcoins?
It's pretty funny how people cry "monopoly" on information while for years this website was also a monopoly regarding discussions and information.

Besides, no matter how much I dislike Binance, even if they have some dark plans with CMC, it can't be worse than how it's now!
Look at the exchange lists, look at the volume of some shitcoins, the website is a dump, it can't get worse.



I'm pretty sure CZ will end badly, the moment he started lying about everything being SAFU while on a plane running away from Japan it's clear he has made the wrong choices. Once the game with Malta is up he will have no place to go, all the pies he will get will be on visiting hours only.


O yeah, cartelization is going to do wonders. Just look at oil. Flawlessly helping people since the '60s. 


Bro, if this is not sarcasm...I have no idea what it is. But share with me your provider as he obviously has some really good stuff to sell.

People always forget that there are tons of miners all around the world so its not only exchanges and its not only wallets and its not only users either, its all combined and binance is just a bigger piece of jigsaw puzzle

Then all my presumption were absolutely right because i scents that things won't good well between you and him if the acquisition went through but if Binance is unable to acquire Capitalmarket he will go for another crypto market capitalization rankings. If any case he he was able to acquire cmc and offer you something more better in terms of salary, will you still quit?

It's good news for me, Binance is a serious and legit exchange which contribute positively in some way to the image of crypto. They will definitely change and upgrade many things in CMC since it's the most frequented site providing info about crypto. I hope they delist all those fake exchanges and shitcoin, thus, reducing scamming activities.

Even Binance will fall someday so no need to panic if binance is going to something which causes loss to the crypto community or like manipulating the prices then the community will pick another option so Binance will lose their reputation so all they were trying is to make money nothing like manipulating anything.

I think you underestimate the potential of Coinmarketcap.com, this is one of the most visited websites in the space and the most go to space for crypto prices, I believe Binance did their home work well before approaching them with an offer, this is going to draw alot of new users to their exchange, just analyse the amount of referers CMC has collected from users all this while.

About decentralization, I doubt this would move a needle, you can't blame a business for trying to integrate his/her business horizontally.

Cartelization will be good for crypto, as the price will only go up, thus increasing adoption. Greed for profit is the main reason why people buy bitcoin, and merchants wont adopt it if nobody is buying.

Binance is doing the first step in this direction. They could lead a Union of exchanges to tackle the permanent bear market we are facing at the moment, putting mechanisms in place, like circuit breakers for shorts, inflation of numbers in the marketcap, infinite printing of tethers, utility tokens, mining incentives, lower fees, etc. This will be good for bitcoin, bringing it back to its origins. People will flock in to buy, adoption will skyrocket and some day we will not need fiat anymore, leaving the debt system for good.

Those who are against it, are the same ones who screams "hodl" to newbies, expecting them to hold empty bags, while the market is liquidated to zero.

I agree with your point here, but this is already happening on a massive scale. If you use Chrome, then Google already know which sites you visit and know all your logins. They know if you have a Binance account, they know your web wallets, they know which coins you own. If you frequently look up your own addresses on a block explorer, then they know your addresses and therefore your transactions too. This is, of course, all linked to your real identity, real name, real address. The same can probably also be said of anybody using Microsoft Edge and Windows 10, and Facebook probably aren't far behind with all the tracking cookies and scripts they use. Having a central entity track you like this is absolutely something that should be avoided, but Binance aren't the first, won't be the last, and aren't even close to the big league guys like Google.

But they won't own bitcoin. There will always be open source or decentralized alternatives to wallets, exchanges, marketplaces, etc. Just like there is with all things Google, all things Facebook, etc. These large data harvesting companies are nothing new, but it is entirely possible to live your life without interacting with them whatsoever.

Unforunately, we see time and time again that people do not care about their privacy, even people who are interested in bitcoin and cryptocurrency. The masses will always be more than happy to send their KYC to complete strangers or give shady companies unlimited access to all their private information in exchange for some minor convenience.

Coinmarketcap and Binance are both centralized system, they can list and delist any project, while coinmarketcap is just a way of tracking prices and some other metrics it's the most popular market tracker. Binance is the exchange with the highest traded volume and this is is a centralized exchange. Binance acquiring the tracker is a way of expanding their business, anyone who cares to rival Binance should buy coingecko, no need for rivalry but a healthy competition.

Bitcoin was designed to be impossible to centralize thanks to proof of work and peer-to-peer network of nodes. The fact that some exchange buys some datamining site isn't really affecting the protocol. Maybe it's indeed bad news to some shitcoins whose survival depends on their market price, but Bitcoin is much-much bigger than that. One single exchange isn't a threat to it, it has seen much worse, like the attempts to fork it and force those forks on the community, and it survived them all.

I sincerely don't blame CZ, he is a business guy and looks on to different ways to expand his business, if he offer to buy cmc and the owners agree to sell then who is to blame for that, if they have interest in their project they should keep and think of ways to make it better not sell it off, but I guess they are in for the money,
Mark Zuckerberg also bought off WhatsApp and Instagram and they are still doing great,  since the original owners can't maintain their project let those who have the means to take over, maybe now it will be well managed.

No big deal bro. Coinmarketcap was at the end of it's days anyway.
We all have heard news of how coinmarketcap had manipulated it's data and showed wrong numbers on it's page.
We have seen it faking the trading volume quite a few times. Most of us had decided by then to use a different source of medium for seeing price and volume details. I would still stay to stop using coinmarketcap and instead use an alternative for the same.

Reading some comments on social media after these news came out: "CZ is a good guy", "the community is his priority"...Many people seem to forget what CZ suggested doing last year after a Binance hack...the fact that he actually thought about doing that...What a good guy, eh? It's a matter of time before power gets to his head and he does some crazy shit.

This guy gets it. Next thing you know CZ and his gang will create a crypto version of eBay, then they'll buy 'blockchain.com', then they'll create crypto web browser with built-in cryptocurrency features , then they'll buy the most popular crypto ATM tracker and other popular crypto apps, etc, etc...And before you know it, Binance brand will literally own every single cryptocurrency service that the average joe will have access to.

Scary monopoly.

I'm talking about any possible service someone can offer through blockchain: exchanges, news, block explorers etc. If one buys the top one from each .. domain? (sorry, non-native English speaker so when I get to explaining in details I suck) and has the power for all of them, they'll slowly head towards the same route Facebook went: bought WhatsApp, bought Instagram.

Within 2 moves, Zuckerberg now owns the platforms used by probably more than half of the entire world. Now run some analysis, try out different things (including censorship) and you have an idea of how masses work.

You, me and only a handful thousands of people out there have stopped using these corporation-controlled services and that's sad.. hence the main idea of mine that the multi-billionaire cryptocurrency business slowly making moves to own a large part of the most-visited and most-used websites & services in this sphere is bad.


Say there are 3 persons: you, me and Joe. You run a top exchange used by 10M people, I run a block explorer used by 5M people, Joe runs CoinMarketCap visited by 15M people. We're 3 different entities with 3 completely separated businesses. Now you have billions and decide to purchase my block explorer and Joe's CMC. Within these 2 moves, you will have the power of using the trust of all these millions of people to your own advantage. Hence, you now start creating a pretty large web of businesses of which data only YOU own and do whatever you wish with it. That's what scares me. The way all the information is going to be stored by a central entity.

Even if CMC, Binance and Blockchain are not decentralized in any manner, they at least have right now 3 different databases. Hopefully you get my point now, I'm pretty shit when it comes to explaining.

There is nothing illegal with the Binance move if they want to acquire the Coinmarketcap, it is just a price monitoring device that we use when stalking the market, so why worry? Binance is huge, actually the biggest man in this industry and it's not surprising at all if they want to have the top ranking price monitoring website and integrate to their exchange as to receive the latest of the latest prices.

Obviously, We've known binance for a long time and I'm sure they are not just taking it but they are also improving it if they did acquire it. Aside CMC is just one of the websites where we can track the prices, there is the Coingecko and many more.

I am just happy that a few months ago coinmarketcap was down, and fellow members of Bitcointalk community advised to switch to Coingecko. I am not sure it's better in terms of centralization issues, though, but it does address the issue a bit. Namely, if Coinmarketcap.com is not to be trusted anymore since it belongs to an exchange (I agree there's a certain conflict of interest here), Coingecko is at least owned by different people and can thus provide a different perspective on the market which will make Binance's intrusions into the data portrayal on Coinmarketcap (if it happens) very apparent.

Binance will get big benefits on this one, CMC attract a very huge traffic that Binance can put their advertisements, project on IEO, so they are really investing on advertising, and though they already have a huge trading volume, they are not contented yet and it seems like they have a big plan ahead on why they pay a lot of money to acquire coinmarketcap.

Yeah, I'd say so.  Coinmarketcap doesn't really provide anything except for data, which is something that your typical online stock brokerage does, and I see this as sort of an acquisition of a research tool to complement what Binance already has.  I don't see where the monopoly comes from, nor does it matter to me who owns CMC.  And hey, maybe if a legit exchange like Binance owns it, the site will stop reporting all that fake market data from other exchanges.

CMC isn't decentralized, by the way.  Binance isn't either, so the way I see it there's no net change in decentralization.  And I also don't see any of that as a real problem.

I know that you are in love with me , but I am sorry to tell you I got a complicated life already with a girlfriend and a child.. a stalker won't make it better.  

oh by the way.. you can keep following me and posting as much as you like, but your messages are from now ignored by me

You just show that you are not the person who keeps your promises, and you also show signs of serious psychic problems with these outbursts of love.

Better read the forum rules (posting in a row is not allowed), and with the such large images in your posts you show your disrespect for members who have slow and limited internet. Please leave forum until BTC drops to $1000 and stop promoting that scam project in your avatar/signature

I already replied on the thread on Spanish, and I believe it's been said here before; but what is the problem of a company buying another company, be it a monoply or whatever on a system that does not require those companies?

Bitcoin is P2P for a reason

Last I checked, this is still a world of capitalism. Whoever has the money has the power and therefore the control. Binance is clearly bent on becoming a giant in the crypto industry. There is no international law against one site getting sold to a rich company. So, what really can we do here? We can only hope that there will be another one to closely compete with this red dragon.

let's change monopoly for olligopoly.. makes this feel you better?

---

Scared for being fired ?  


I would prefer to eat a bucket full of shit, that working for Binance! So I would leave inmediatelly if this comes true

I wish that were the case but I don't think it is. CMC can make or break a project. It doesn't matter if you yourself are objective, the majority aren't. I was hoping that by now people would be using other options but people are lazy so stick to what they know.

Binance are everywhere now, they are envading the crypto space and I won't be surprise if one day, BNB  is going to be sitting next to bitcoin.
Another good move by Binance, and to invest with the huge amount of money, they know it can help them a lot, and please OP don't think of a threat as there is no threat here, CMC just giving us information on the coins in the market, it's just an information and it's still us who will evaluate.

Maybe this is an April Fool’s joke? 
just a little in advance

I recently read this news and I was rather sad to this happening if in case the CMC owners will decide to proceed with the deal as that amount is kinda huge for them also. CMC owners can do a lot with that amount especially if they didn't care about their website and they only care about their ROI as it is their big opportunity, being offered by that amount.

But on the other hand, I am not so sure if CMC will still remain at the top if in case the ownership will be change because we cannot assure already whether the data that are being provided by the site are 90-100% accurate because we know that Binance will do everything just to make sure that the data that they provided will favor to them. I am a CMC user and I will likely look for other sources of data if in case this deal will happen.

This is actually good news. The CEO of Binance is bullish on bitcoin.
I dont use it, because I lost my password there a long time ago.

On the other side, Bitmex is a bearish exchange and have too much influence on the price.
If I'm not mistaken, Bitmex have three times more volume than the main exchanges combined. This happens because of the leverage they offer.
If anything, its Bitmex which is monopolizing the market, and Binance wants to bring some balance to it.

I dont understand why you relate the buying of Binance into decentralization are you saying that Binance as of now is decentralized?  What Im thingking on the other hand is maybe is time to make coinmarketcap improved its services by listing trusted coins and delisting such exchanges which uses bots to manipulate trading volume in order to attract traders.

What services are you imagining here? The whole point of bitcoin is to not require trusting third parties. It is perfectly easy to utilize bitcoin without using any third party service, exchange, website, etc. It doesn't really matter to me who owns most services because I know I will never use them.

Unfortunately, the converse of this is that there are plenty of people who will continue to use any service, regardless of how shady, unethical, untrustworthy, or insecure, they are, or who they are bought over by.

Now imagine just how many people and third parties across the "Binance" umbrella of sites and services have access to your KYC documents if you send them over.

Binance are rapidly becoming as untrustworthy as Coinbase, but since there is no shortage of people who are willing to give them their business despite this, they will continue to grow and take over more and more services. If you don't like it, then stop using centralized services.

He's not a miner or a developer. He has no power to do that. Absolutely everyone other than him would reject any attempt. He got laughed at and torn a new one for even thinking out loud about it.

It is something that people should remember though. It demonstrates major hubris and stupidity. So far he has not demonstrated the qualities that someone with that much potential power could do with.

Ultimately he's just another service provider that leeches off the real system underneath. He'll be forgotten dust eventually just like most others.

I believe the OP should know better that our opinion don't amount to something because the rightful judgment belong to capital market and if they choose to give it up to Binance so be it. Besides, this could bring some amendment of fake data information we once complain about.
Note : Could this be, the OP is fighting for himself cause he works for coinmarketcap and he might loose his position is the company is acquire by Binance?

He actually mean to give you back a reply after his presumption come to pass.

I don't know why everyone is just trying to bash the poster of this thread, i can't deny there's a bit of wrong choice of words with the MONOPOLIZATION but things he accused binance of isn't entirely wrong...... Man is trying to be a Godzilla in the cryptocurrency space and if not for the intervention of many other prominent people, he would have successfully rollover that 7000BTC stolen from his exchange which will be totally against what the entire cryptocurrency and blockchain technology stands for.

Already, many tradees have called out binance CEO for sending fake price alert through binance mobile app alert functionality, and he the CEO of  binance has many times accused CMC and other exchanges for having fake trading volumes. What do you all think will happen ls when he controls the most used price tracker and coin analysis platform in the whole crypto space. I smell something fishy too

Agreed. They should officially shape up or piss right off. It shows CZ to be seriously tone deaf to steer it in the way he does. For better or worse cryptoland is only heading in one direction. Anyone who doesn't make an effort to accommodate that is going to wind up damaging it.

it does seem like a conflict of interest. an exchange running the single most influential exchange/coin ranking site---what could go wrong?


what bothers me is that binance has a finger in every pie. exchanges, VC, token sales, "dex", trust wallet, visa debit cards, etc etc etc. meanwhile they're like hiding in some undisclosed location and don't follow any laws or pay any taxes. this will all end in tears someday.

CMC's power was already a big problem. It had way, way too much and I'll guess it didn't expect to end up with so much. It wasn't run in a particularly responsible manner. I can't see Binance doing a worse job and people should already have been aware of its malignance.

It's natural for money to make money and drive towards consolidation. It's the way of the world. It's up to us to vote with our money and spread it around where possible.

OP,do you know what a monopoly actually is?
A monopoly is a company or business,which is THE ONLY OPTION for it's customers.Hence,they are forced to buy the products and services of the monopoly(or they could simply refuse to buy and use those products or services).Is Binance the ONE AND ONLY cryptocurrency exchange platform in the world?NO!
Is Coinmarketcap the ONE AND ONLY cryptocurrency market cap and price comparison service?NO!
Are customers around the world forced in any way to use Binance and Coinmarketcap?Nope...
I'm not advocating Binance(especially with the Bitcoin rollover shit),but they are not a monopoly.

But what if 2-3 years later Binance will own most of the largest utilized websites and services in our crypto sphere? I feel like that's the true danger of these moves: when you'll want to access a service and know that no matter what you go for you're going to use Binance's service, that becomes a Facebook-like shitty situation.

On the other hand though, I guess even if we try our best not to make a corporation head towards this move, there will always be someone willing to take in more power and more profit. Thanks God there are great people working on providing our crypto sphere the best services, but decentralized.

I am overhelmed .. you are really in love with me  

This is a billion dollar business, and Binance is on top of it, and as much as we don't want this to happen, at the end of the day, the people behind coinmarketcap will have to make more money out of their business and it just so happen that Binance is more willing. We can't really stop that.

So it's either you learn to accept that fact, or move on and not trust coinmarketcap when Binance takes over, you don't need to overreact to it and call it the end of decentralisation and crypto.

CMC was already a poo with far too much power that it didn't deserve or earn. Nothing much will change. Perhaps Binance will be a bit more rapid to respond to the blatant piss taking.

And some say CMC was owned by the Bytecoin/HitBTC/Freewallet/Changelly/Cointelegraph mafia so it didn't have the most fragrant ownership to start with.

As for decentralisation, wut?

What should any of us do now to stop a completely legal business? It is not the first or last time that such large companies invest their money by buying other companies, and I do not see how the fact that CMC is owned by Binance will change anything...

I find it much more dangerous that BTC is largely centralized in the way that the most influential crypto exchanges have millions of BTC in their possession (only Coinbase almost 1 million BTC), which just means that most people still haven't figured out what BTC really is.

Since I know your position on what is going to happen with BTC in next few months, why are you even worried about something like this? You promised to return to the forum only when BTC drops to $1000.

Binance as an exchange already controlling a major chunk of the crypto market. If that is not termed as monopolization, then how come their acquisition of CMC can be termed as monopolization? Also how come it is an end of decentralized economy?

Your statement makes no sense! Rather, it shows that crypto market has grown into a serious business which is attracting millions dollar acquisition.

For sure, Binance will benefit more from the advertisement on the coinmarketcap after acquiring this. No decentralization of cryptocurrency will get affected this. It's still your choice to use coinmarketcap, beside that we still have a lot of alternatives to Coinmarketcap, just also like Coinpaprika(https://coinpaprika.com/) or Coingecko as what @btc_angela said.
For sure, after this, we can see some new alternatives of Coinmarketcap will grow.

I am not supporter of taking over such large projects in one hand, but we can not fall into paranoia. I don't think that such a takeover will have big impact on the market, unless you want to accuse Binance that want to use Coinmarketcap to manipulate information?

I think that this takeover may have some positive aspects, because for some time coimarketcap has been suspected of inaccurate checking of, for example, volumes of exchanges. I think that when Binance will check it, results can be more accurate.

We still have options like https://www.coingecko.com/en, which is much better in my opinion.

And as far as cmc, I think people used it to quickly glance the price, so I don't think that you can consider it a end of decentralisation if ever Binance acquire it. So I don't think that we need to be alarm or something here as it will definitely not affect crypto's decentralisation.

Coinmarketcap is not, and never was, decentralized, so being bought out changes nothing from that front.

There are plenty of competitor websites you can use, but none of them are decentralized either.

Market cap is an inherently flawed metric, and tells us very little useful information about the value, worth, utility, development, etc., of a coin. Ranking coins by market cap appeals to newbies who don't understand any better and encourages people to spend their money on scams like BCash and EOS.

If you don't like that fact that Binance are starting to stick their grubby fingers in as many pies as possible, then don't use them. I have never used Binance (or any other centralized exchange for that matter), and I have absolutely no problem buying, selling, trading, using, and spending bitcoin.

Neither Binance or Coinmarketcap is decentralized, so i don't see how it threat decentralization at all.

Even though it's true Binance will have more influence on cryptocurrency world, there are various alternative of CMC which have more features and better reputation such as CoinCap and BitcoinAverage.

Binance acquiring Coinmarketcap is the end of decentralization? I think you are over reacting. First of all, Coinmarketcap is just one of the many websites for tracking prices, volumes, and other crypto-related things. If you don't like the change in ownership, switch to other data aggregators like Coingecko, Bitcoinaverage, Cryptocompare, Nomics, and many others. Coinmarketcap is the most visited and most popular right now but it doesn't mean they are the most accurate and most trusted by serious traders.  

Please help me spread this!we can't allow this to happen. We MUST do something or the monopolization of Binance will end with crypto.
What the hell is going on?   coinmarketcap to be adquired by Binance?
Coinmarketcap sold for 400M. Cryptoindustry will belong to Binance.
https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

Post edited: I don't know what the hell I wrote about end of decentralization, in fact it is the path to MONOPOLIZATION!!
Let me remind you that this is the guy that suggested Bitcoin's  ROLLOVER to recover the 7000BTC hacked to his exchange. Now he would be able to manipulate also the top1 cryptoaggregator.