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Title: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 19, 2017, 08:44:18 PM 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 Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 19, 2017, 09:00:29 PM Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 19, 2017, 09:05:18 PM Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. I agree with you but I can't really answer your questions because there has not been a lot of open discussion between us. I cannot really speak for what their rationale is for freezing our circulating supply. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: mmmmyah on November 19, 2017, 09:07:58 PM Done - agree with you, option1 of course!
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 19, 2017, 09:08:51 PM Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way? They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. I agree with you but I can't really answer your questions because there has not been a lot of open discussion between us. I cannot really speak for what their rationale is for freezing our circulating supply. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 19, 2017, 09:15:10 PM Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way? They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. I agree with you but I can't really answer your questions because there has not been a lot of open discussion between us. I cannot really speak for what their rationale is for freezing our circulating supply. These two issues are completely unconnected. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 19, 2017, 09:16:05 PM Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way? They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. I agree with you but I can't really answer your questions because there has not been a lot of open discussion between us. I cannot really speak for what their rationale is for freezing our circulating supply. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: -doubleU- on November 19, 2017, 09:19:03 PM Option 1 is the best Option. Is the same calculation like BTC, LTC and many other Coins
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: iwosh on November 19, 2017, 09:31:47 PM The 1st option is the best, but maybe at least the second one is still much better than the frozen state. On the other hand, the coins noone will ever claim from that second snapshot are lost, right? Because in that way is option 1 wrong. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: iamwhitewave on November 19, 2017, 09:55:19 PM Option 1. I believe it's the same calculation used for other cryptocurrencies.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: ciro1 on November 19, 2017, 09:58:09 PM Actually I think most of the coins in the virtual fork would be lost forever and never in circulation, but surely it's the same with BCH and BCG with only difference in BTX being that many people with btc may not know plus people with less than 1btc in the address may not even bother claiming until maybe when btx is worth about $200 so imo a lot of those coins wont be in circulation, but sure they need to be accounted for as they will someday be in circulation as this project matures. I think CMC is just being a pain in the ass with this issue and need to get their shit together.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: paperbox on November 19, 2017, 10:01:52 PM Option 1 is the true.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Robsen99 on November 19, 2017, 10:15:56 PM Option 1 !!
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: vantheman169 on November 19, 2017, 10:23:04 PM Option 1! This is insane that Coinmarketcap is treating BTX differently than any other actual Fork of BTC. BTX is its own blockchain and has distributed BTX to all BTC holders over .01 BTC. Surely they would like to know they have BTX to claim. The coins are in circulation period. Just because some may never be claimed but the same is true for BCH.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 19, 2017, 10:38:17 PM 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 To be fair with all other coins, Option #1 is the logical choice. Having said that, I also understand why CMC is questioning the virtually forked coins. From all the 8M coins, how many were redeemed? I mean probably 99.9% of all BTC address holders have absolutely no idea they can claim 0.5BTX per 1BTC they own. Even if over time more and more people will claim their BTX, one could argue that the vast majority of BTC holders will never claim their free BTX. Am I right if I assume that the only virtually forked BTX coins that are in circulation are the one that were claimed by BTC address holders. If yes, then the true circulation from that portion of the circulation is not 8M, but just a few thousands? So I think you should have an option #4 that would be Option #2 + the virtually forked coins that have been claimed by BTC address holders. Why, because these virtually forked coins if they never get claimed, they will never really be in circulation. My 2 sense! BTW, I'm one of the early adopters of this project. I first invested last summer. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Schtroumpf on November 19, 2017, 10:58:14 PM Even if over time more and more people will claim their BTX, one could argue that the vast majority of BTC holders will never claim their free BTX. we could say the same thing for BCH ... and yet CMC count all frozen / forgotten coinsTitle: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: drm on November 19, 2017, 11:01:04 PM Even if over time more and more people will claim their BTX, one could argue that the vast majority of BTC holders will never claim their free BTX. we could say the same thing for BCH ... and yet CMC count all frozen / forgotten coinsYes it's the same for several coins... that's why this behaviour coinmarketcap is displaying now is ridiculous. They have had 2 weeks to check everything out, what was their conclusion? What did they say? Make a thread on bct and make a voting poll? Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Vigme86 on November 19, 2017, 11:10:32 PM I think option 2 is a good compromise. It's highly unlikely all the BTXs during snapshot would be redeemed, and I still don't get why you have done it.
Anyway at least with option 2 would be like if it never happened. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: MickeyT2008 on November 19, 2017, 11:13:15 PM Option two of course, why would it be the first option? there is no sense with that at all.
Has anyone noticed that bitcore was just another pump & dump situation? just look at the price, it was less than 25$ by the beggining of the last week, and then suddenly pumped to more than $45 each one of them. Now it is at $29 each and a lot of people invested money in there because they wanted to earn some free money from that. Lets see how it goes, but it is a good project, only that it seems very shady to me, and that is why i will never put my funds into that coin. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 19, 2017, 11:16:53 PM Option two of course, why would it be the first option? there is no sense with that at all. Has anyone noticed that bitcore was just another pump & dump situation? just look at the price, it was less than 25$ by the beggining of the last week, and then suddenly pumped to more than $45 each one of them. Now it is at $29 each and a lot of people invested money in there because they wanted to earn some free money from that. Lets see how it goes, but it is a good project, only that it seems very shady to me, and that is why i will never put my funds into that coin. I think option 2 is a good compromise. It's highly unlikely all the BTXs during snapshot would be redeemed, and I still don't get why you have done it. Sorry, but can one of you both tell me the difference to BCH and BTG and every other fork of BTC? And therefore why BTX should treated in any way different than these coins?Anyway at least with option 2 would be like if it never happened. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 19, 2017, 11:20:08 PM Option two of course, why would it be the first option? there is no sense with that at all. Has anyone noticed that bitcore was just another pump & dump situation? just look at the price, it was less than 25$ by the beggining of the last week, and then suddenly pumped to more than $45 each one of them. Now it is at $29 each and a lot of people invested money in there because they wanted to earn some free money from that. Lets see how it goes, but it is a good project, only that it seems very shady to me, and that is why i will never put my funds into that coin. Well to be fair option one is simply the way that CMC calculates every single other coin. Do you think all of Bitcoin Cash has been claimed? Do you think all of Bitcoin is truly "in circulation"? We are fine with being calculated by option 2 as long as everyone else is also calculated by option 2. We really just want fair treatment. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 19, 2017, 11:24:53 PM Even if over time more and more people will claim their BTX, one could argue that the vast majority of BTC holders will never claim their free BTX. we could say the same thing for BCH ... and yet CMC count all frozen / forgotten coinsI know that's why option #1 is the logical choice to be fair with all other coins, but BTX didn't get any of the exposure BCH got since the August 1st fork. We could argue that in the eyes of CMC most BTC holders knew they got a free Bitcoin Cash on August 1st. Now, how many BTC holders know they got a 0.5BTX for free? Now, the fact that BCH is well known and Bitcore not, has nothing to do with project or the dev team, it's just the nature of the beast! Gregory Westcott, how many free BTX were claimed from the Nov 2nd snapshot? Gregory, please also clarify my assumption ("Am I right if I assume that the only virtually forked BTX coins that are in circulation are the one that were claimed by BTC address holders") If this quantity is small, it doesn't mean it will not grow over time, but still, it's a good indication of how many ppl knew about the Nov 2 snapshot. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 19, 2017, 11:25:07 PM 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 To be fair with all other coins, Option #1 is the logical choice. Having said that, I also understand why CMC is questioning the virtually forked coins. From all the 8M coins, how many were redeemed? I mean probably 99.9% of all BTC address holders have absolutely no idea they can claim 0.5BTX per 1BTC they own. Even if over time more and more people will claim their BTX, one could argue that the vast majority of BTC holders will never claim their free BTX. Am I right if I assume that the only virtually forked BTX coins that are in circulation are the one that were claimed by BTC address holders. If yes, then the true circulation from that portion of the circulation is not 8M, but just a few thousands? So I think you should have an option #4 that would be Option #2 + the virtually forked coins that have been claimed by BTC address holders. Why, because these virtually forked coins if they never get claimed, they will never really be in circulation. My 2 sense! BTW, I'm one of the early adopters of this project. I first invested last summer. There is no real way to determine who has claimed and who hasn't claimed so option 4 doesn't really exist. How is this really any different than still counting Satoshi's coins or the millions of lost Bitcoin as being "in circulation"? A vast majority of coins will indeed get claimed as the project progresses and again we are just asking to be treated the same as every other project. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Vigme86 on November 19, 2017, 11:29:32 PM Sorry, but can one of you both tell me the difference to BCH and BTG and every other fork of BTC? And therefore why BTX should treated in any way other than these coins? I think it's a different situation. BTX is not a fork in the blockchain of BTC like BCH and BTG and has not the same exposure. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: drm on November 19, 2017, 11:31:26 PM How is this really any different than still counting Satoshi's coins or the millions of lost Bitcoin as being "in circulation"? This is exactly why it's so ridiculous, why is this even a discussion. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 19, 2017, 11:32:13 PM Sorry, but can one of you both tell me the difference to BCH and BTG and every other fork of BTC? And therefore why BTX should treated in any way other than these coins? I think it's a different situation. BTX is not a fork in the blockchain of BTC like BCH and BTG and has not the same exposure. I really don't think a site, which pure purpose is IMHO to list and track the specifics of different coins, should start being judge of what counts as something or not. Because if they start to act like this, they begin being a judge or referee and make decision for the whole market. That's too much power for any party and is strictly against the decentralized concept being free of any regulating institutions of cryptocurrencies at all. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 19, 2017, 11:43:50 PM 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 To be fair with all other coins, Option #1 is the logical choice. Having said that, I also understand why CMC is questioning the virtually forked coins. From all the 8M coins, how many were redeemed? I mean probably 99.9% of all BTC address holders have absolutely no idea they can claim 0.5BTX per 1BTC they own. Even if over time more and more people will claim their BTX, one could argue that the vast majority of BTC holders will never claim their free BTX. Am I right if I assume that the only virtually forked BTX coins that are in circulation are the one that were claimed by BTC address holders. If yes, then the true circulation from that portion of the circulation is not 8M, but just a few thousands? So I think you should have an option #4 that would be Option #2 + the virtually forked coins that have been claimed by BTC address holders. Why, because these virtually forked coins if they never get claimed, they will never really be in circulation. My 2 sense! BTW, I'm one of the early adopters of this project. I first invested last summer. There is no real way to determine who has claimed and who hasn't claimed so option 4 doesn't really exist. How is this really any different than still counting Satoshi's coins or the millions of lost Bitcoin as being "in circulation"? A vast majority of coins will indeed get claimed as the project progresses and again we are just asking to be treated the same as every other project. But BTX is not a fork. Bitcoin Cash is a fork, therefore CMC has some kind of insurance in the circulation. And I'm certain that because of the vast exposure BCH got, they knew people would be more inclined to claim their free BCH. Totally agree with you that over time, ppl will claim their free 0.5BTX, but nobody can predict the future. 6 months in crypto is like 6 years in real life, and I'm not convinced many people will try to claim their BTX past Q1-2018. As a large BTX holder, I would love the see BTX climb in the top 30/50 quickly, but if they don't reflect the accurate circulation, so be it. This doesn't remove anything in the trust in the dev team and the bright future I see for Bitcore. A lower reflected circulation means scarcity for ppl, and this will put pressure on the price for the upside. If there was a way to know the claimed BTX for the virtually forked coins portion of the circulation, that would be ideal. Since option #4 is not possible, if we can't get CMC to reflect the true circulation, in that case option #2 is a good compromise. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: antonio8 on November 19, 2017, 11:46:17 PM How is this really any different than still counting Satoshi's coins or the millions of lost Bitcoin as being "in circulation"? This is exactly why it's so ridiculous, why is this even a discussion. These two already said what I was going to say. No one knows the true number of BTC in circulation. There are many lost due to people wiping hard drives forgetting they had them, laptops lost, hard drives thrown away, etc. Sure there may have been 16 million mined but does not mean they are in circulation. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 19, 2017, 11:54:48 PM Sorry, but can one of you both tell me the difference to BCH and BTG and every other fork of BTC? And therefore why BTX should treated in any way other than these coins? I think it's a different situation. BTX is not a fork in the blockchain of BTC like BCH and BTG and has not the same exposure. I really don't think a site, which pure purpose is IMHO to list and track the specifics of different coins, should start being judge of what count as anything or not. Because if they start to act like this, they begin being a judge or referee and make decision for the whole market. That's too much power for any party and is strictly against the decentralized concept free of any regulating institutions of cryptocurrencies at all. I think we're all saying the same thing here. CMC should be fair to all coins and option #1 should prevail. But if CMC don't want to listen and reflect the true circulation, then option #2 is a good compromise. With regards to exposure, since 99% of BTC address holders have no idea they got a free 0.5BTX, they will likely never claim it. For sure, over time some will claim it, but past 3-6 months thinking that most will have claimed their free BTX is wishful thinking. Therefore these non-claimed BTX will not be in circulation. Now since BCH was a fork and because of the massive exposure since August 1st, the vast majority know they got a free BCH. Having said that, you're making a really good point that CMC has no authority and should not be the "gate keeper", and if it's what they start doing, then that's a major issue. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 19, 2017, 11:58:31 PM But BTX is not a fork. There are two points bothering me. Scarcity, yes somehow. But it's countered by the less exposure the coin gets while being kept low because of the low capitalization.Bitcoin Cash is a fork, therefore CMC has some kind of insurance in the circulation. And I'm certain that because of the vast exposure BCH got, they knew people would be more inclined to claim their free BCH. Totally agree with you that over time, ppl will claim their free 0.5BTX, but nobody can predict the future. 6 months in crypto is like 6 years in real life, and I'm not convinced many people will try to claim their BTX past Q1-2018. As a large BTX holder, I would love the see BTX climb in the top 30/50 quickly, but if they don't reflect the accurate circulation, so be it. This doesn't remove anything in the trust in the dev team and the bright future I see for Bitcore. A lower reflected circulation means scarcity for ppl, and this will put pressure on the price for the upside. If there was a way to know the claimed BTX for the virtually forked coins portion of the circulation, that would be ideal. Since option #4 is not possible, if we can get CMC to reflect the true circulation, in that case option #2 is a good compromise. And don't you think that the simple fact, that anyone looking at those numbers is always going to see those ghost coins and the large gap between total and circulating supply. And therefore any solution ignoring the forked coins is spreading only fud? IMHO CMC could make such rules but they would have to make them upfront and not afterwards. Thanks for the expression "gate keeper". I really racked my brain around that for minutes and didn't finde the expression I was searching for :) Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: HandyHan on November 20, 2017, 12:06:10 AM I'm good with either Option 1 or 2
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 20, 2017, 12:07:19 AM But BTX is not a fork. Two points are bothering me. Scarcity, yes somehow. But it's countered by the less exposure the coin gets while being kept low because of the low capitalization.Bitcoin Cash is a fork, therefore CMC has some kind of insurance in the circulation. And I'm certain that because of the vast exposure BCH got, they knew people would be more inclined to claim their free BCH. Totally agree with you that over time, ppl will claim their free 0.5BTX, but nobody can predict the future. 6 months in crypto is like 6 years in real life, and I'm not convinced many people will try to claim their BTX past Q1-2018. As a large BTX holder, I would love the see BTX climb in the top 30/50 quickly, but if they don't reflect the accurate circulation, so be it. This doesn't remove anything in the trust in the dev team and the bright future I see for Bitcore. A lower reflected circulation means scarcity for ppl, and this will put pressure on the price for the upside. If there was a way to know the claimed BTX for the virtually forked coins portion of the circulation, that would be ideal. Since option #4 is not possible, if we can get CMC to reflect the true circulation, in that case option #2 is a good compromise. And don't you think that the simple fact, that anyone looking at those numbers is always going to see those ghost coins and the large gap between total and circulating supply, and therefore is spreading only fud? IMHO CMC could make such rules but they would have to make them upfront and not afterwards. With regards to scarcity, what's important is the $ market cap. I believe the dev team sees BTX in the top 10 (Steve said so in telegram today). If so, the market cap would at approx $1.8B. A reflected circulation of 16M means a $112 price. A circulation that excludes the virtually forked coins means a $225 price. Fewer coins in circulation mean scarcity, which means higher price. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 20, 2017, 12:16:21 AM I think option 2 is a good compromise. It's highly unlikely all the BTXs during snapshot would be redeemed, and I still don't get why you have done it. Anyway at least with option 2 would be like if it never happened. Just wanted to highlight the fact that the dev team has been fully transparent with the early adopters and presented 5 options for the October/November distribution. This Nov 2nd snapshot was agreed within the Bitcore community. I'm sure you can still find the discussions about the distribution going back in the first 100 pages. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: thefix on November 20, 2017, 12:16:48 AM Its tempting to go with the option that will make BTX go up in value most, but I think its most important to go with the option that is representative of other coins listed on coinmarketcap. I think option one is probably the most realistic way to move forward given the distribution model.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 20, 2017, 12:20:35 AM I think option 2 is a good compromise. It's highly unlikely all the BTXs during snapshot would be redeemed, and I still don't get why you have done it. Anyway at least with option 2 would be like if it never happened. Just wanted to highlight the fact that the dev team has been fully transparent with the early adopters and presented 5 options for the October/November distribution. This Nov 2nd snapshot was agreed within the Bitcore community. I'm sure you can still find the discussions about the distribution going back in the first 100 pages. I was the one that facilitated those discussion when I wasn't even on the dev team yet. ::) Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on November 20, 2017, 12:21:18 AM They should rename this into what it really is:
possible circulation and use for all coins the same calculation. (so option one) Thats the only way to compare, what I hope Coinmarketcap wants to do. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 12:24:56 AM Has to be option one. Or every other coin on cmc is up for debate.
End of discussion. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 20, 2017, 12:27:31 AM But BTX is not a fork. Two points are bothering me. Scarcity, yes somehow. But it's countered by the less exposure the coin gets while being kept low because of the low capitalization.Bitcoin Cash is a fork, therefore CMC has some kind of insurance in the circulation. And I'm certain that because of the vast exposure BCH got, they knew people would be more inclined to claim their free BCH. Totally agree with you that over time, ppl will claim their free 0.5BTX, but nobody can predict the future. 6 months in crypto is like 6 years in real life, and I'm not convinced many people will try to claim their BTX past Q1-2018. As a large BTX holder, I would love the see BTX climb in the top 30/50 quickly, but if they don't reflect the accurate circulation, so be it. This doesn't remove anything in the trust in the dev team and the bright future I see for Bitcore. A lower reflected circulation means scarcity for ppl, and this will put pressure on the price for the upside. If there was a way to know the claimed BTX for the virtually forked coins portion of the circulation, that would be ideal. Since option #4 is not possible, if we can get CMC to reflect the true circulation, in that case option #2 is a good compromise. And don't you think that the simple fact, that anyone looking at those numbers is always going to see those ghost coins and the large gap between total and circulating supply, and therefore is spreading only fud? IMHO CMC could make such rules but they would have to make them upfront and not afterwards. With regards to scarcity, what's important is the $ market cap. I believe the dev team sees BTX in the top 10 (Steve said so in telegram today). If so, the market cap would at approx $1.8B. A reflected circulation of 16M means a $112 price. A circulation that excludes the virtually forked coins means a $225 price. Fewer coins in circulation mean scarcity, which means higher price. There are many facets to this discussion. Like if you choose option 2 what happens if the BTC whales start clamining their coins and the number of claimed coins is let's say about 1 Mio and if that is not being reflected by the circulating supply? Not listing 1/9 of the real circulating would also be a large failure..... I slightly disagree on the difference of the BCH and BTX claiming situation. At least up to the point, that BTX i my eyes already reflected the smaller and slower claiming ratio by only making it half of the current supply. But I think mostly we're sharing the same opinion. After all it looks like it would have been better if the devs would have talked to CMC before the airdrop. But again that would put CMC in a position no one wants them to be, perhaps no one besides themselves. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 12:37:10 AM I claimed both snapshots, so I know my coins are in circulation.
And since we can never be a 100% sure, either now or in the future, how many coins has, or will be individually claimed. It has to be option one. End of story. The same as all other coins are calculated. This shouldn't even be an issue. If enough people complain, they'll have to fix it. The squeakiest wheel, gets the most grease. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 20, 2017, 12:37:45 AM But BTX is not a fork. Two points are bothering me. Scarcity, yes somehow. But it's countered by the less exposure the coin gets while being kept low because of the low capitalization.Bitcoin Cash is a fork, therefore CMC has some kind of insurance in the circulation. And I'm certain that because of the vast exposure BCH got, they knew people would be more inclined to claim their free BCH. Totally agree with you that over time, ppl will claim their free 0.5BTX, but nobody can predict the future. 6 months in crypto is like 6 years in real life, and I'm not convinced many people will try to claim their BTX past Q1-2018. As a large BTX holder, I would love the see BTX climb in the top 30/50 quickly, but if they don't reflect the accurate circulation, so be it. This doesn't remove anything in the trust in the dev team and the bright future I see for Bitcore. A lower reflected circulation means scarcity for ppl, and this will put pressure on the price for the upside. If there was a way to know the claimed BTX for the virtually forked coins portion of the circulation, that would be ideal. Since option #4 is not possible, if we can get CMC to reflect the true circulation, in that case option #2 is a good compromise. And don't you think that the simple fact, that anyone looking at those numbers is always going to see those ghost coins and the large gap between total and circulating supply, and therefore is spreading only fud? IMHO CMC could make such rules but they would have to make them upfront and not afterwards. With regards to scarcity, what's important is the $ market cap. I believe the dev team sees BTX in the top 10 (Steve said so in telegram today). If so, the market cap would at approx $1.8B. A reflected circulation of 16M means a $112 price. A circulation that excludes the virtually forked coins means a $225 price. Fewer coins in circulation mean scarcity, which means higher price. There are many facets to this discussion. Like if you choose option 2 what happens if the BTC whales start clamining their coins and the number of claimed coins is let's say about 1 Mio and if that is not being reflected by the circulating supply? Not listing 1/9 of the real circulating would also be a large failure..... I slightly disagree on the difference of the BCH and BTX claiming situation. At least up to the point, that BTX i my eyes already reflected the smaller and slower claiming ratio by only making it half of the current supply. But I think mostly we're sharing the same opinion. After all it looks like it would have been better if the devs would have talked to CMC before the airdrop. But again that would put CMC in a position no one wants them to be, perhaps no one besides themselves. Really good thinking man... love it! Yep, I think we need to push for option #1 till they obey. Too bad CMC has become so big. Maybe we (dev team) need to start flashing the true circulation in font 144 in every communication, on the website and in every platform they can so that it become obvious to everyone that CMC is falsy representing BTX. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 20, 2017, 12:52:29 AM Really good thinking man... love it! Not a good idea :) The only thing that would happen if we promote aggressively informations opposing the ones on CMC would be the people would start calling BTX a scam, because it's promoting untrue informations. So ATM as bad as it sounds, we would have to obey the decisions of CMC and hope we can make our case the best we can.Yep, I think we need to push for option #1 till they obey. Too bad CMC has become so big. Maybe we (dev team) need to start flashing the true circulation in font 144 in every communication, on the website and in every platform they can so that it become obvious to everyone that CMC is falsy representing BTX. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: SimpleCoiner on November 20, 2017, 01:34:47 AM It is what it is: Option 1
Sooner or later a lot of that coins will appear in the market, affecting the market numbers (price, volumes...). Any other option is absurd. I don't think we have to "obey" CMC ... Who are they ? To me they are acting this way due some hidden interests, unknown for the rest us. What we have to do is to listen the BitCore community. At the end, if CMC doesn't want to be rational, we can choose to obey or to adapt ourselves to the new situation considering more options, including a Bitcore fork to undo transactions for unclaimed BTC coins returning them to circulation again (via more airdrops, or any other method) to satisfy these new CMC rules "made expressly for us". I'm not in crypto to obey arbitrary decissions from third parties, so it should be a BitCore community and developers decission. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 01:43:28 AM But BTX is not a fork. Two points are bothering me. Scarcity, yes somehow. But it's countered by the less exposure the coin gets while being kept low because of the low capitalization.Bitcoin Cash is a fork, therefore CMC has some kind of insurance in the circulation. And I'm certain that because of the vast exposure BCH got, they knew people would be more inclined to claim their free BCH. Totally agree with you that over time, ppl will claim their free 0.5BTX, but nobody can predict the future. 6 months in crypto is like 6 years in real life, and I'm not convinced many people will try to claim their BTX past Q1-2018. As a large BTX holder, I would love the see BTX climb in the top 30/50 quickly, but if they don't reflect the accurate circulation, so be it. This doesn't remove anything in the trust in the dev team and the bright future I see for Bitcore. A lower reflected circulation means scarcity for ppl, and this will put pressure on the price for the upside. If there was a way to know the claimed BTX for the virtually forked coins portion of the circulation, that would be ideal. Since option #4 is not possible, if we can get CMC to reflect the true circulation, in that case option #2 is a good compromise. And don't you think that the simple fact, that anyone looking at those numbers is always going to see those ghost coins and the large gap between total and circulating supply, and therefore is spreading only fud? IMHO CMC could make such rules but they would have to make them upfront and not afterwards. With regards to scarcity, what's important is the $ market cap. I believe the dev team sees BTX in the top 10 (Steve said so in telegram today). If so, the market cap would at approx $1.8B. A reflected circulation of 16M means a $112 price. A circulation that excludes the virtually forked coins means a $225 price. Fewer coins in circulation mean scarcity, which means higher price. There are many facets to this discussion. Like if you choose option 2 what happens if the BTC whales start clamining their coins and the number of claimed coins is let's say about 1 Mio and if that is not being reflected by the circulating supply? Not listing 1/9 of the real circulating would also be a large failure..... I slightly disagree on the difference of the BCH and BTX claiming situation. At least up to the point, that BTX i my eyes already reflected the smaller and slower claiming ratio by only making it half of the current supply. But I think mostly we're sharing the same opinion. After all it looks like it would have been better if the devs would have talked to CMC before the airdrop. But again that would put CMC in a position no one wants them to be, perhaps no one besides themselves. Really good thinking man... love it! Yep, I think we need to push for option #1 till they obey. Too bad CMC has become so big. Maybe we (dev team) need to start flashing the true circulation in font 144 in every communication, on the website and in every platform they can so that it become obvious to everyone that CMC is falsy representing BTX. This idea, I like. A good start at least. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 01:45:58 AM It is what it is: Option 1 Sooner or later a lot of that coins will appear in the market, affecting the market numbers (price, volumes...). Any other option is absurd. I don't think we have to "obey" CMC ... Who are they ? To me they are acting this way due some hidden interests, unknown for the rest us. What we have to do is to listen the BitCore community. At the end, if CMC doesn't want to be rational, we can choose to obey or to adapt ourselves to the new situation considering more options, including a Bitcore fork to undo transactions for unclaimed BTC coins returning them to circulation again (via more airdrops, or any other method) to satisfy these new CMC rules "made expressly for us". I'm not in crypto to obey arbitrary decissions from third parties, so it should be a BitCore community and developers decission. THIS!!!!!! Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 01:55:31 AM Really good thinking man... love it! Not a good idea :) The only thing that would happen if we promote aggressively informations opposing the ones on CMC would be the people would start calling BTX a scam, because it's promoting untrue informations. So ATM as bad as it sounds, we would have to obey the decisions of CMC and hope we can make our case the best we can.Yep, I think we need to push for option #1 till they obey. Too bad CMC has become so big. Maybe we (dev team) need to start flashing the true circulation in font 144 in every communication, on the website and in every platform they can so that it become obvious to everyone that CMC is falsy representing BTX. But we aren't promoting untrue information. We have the numbers and tx's to back up our claim, according to the way all other coins circulating supply is calculated. If anybody asks. I haven't heard a single legitimate reason or counter argument from cmc, or from anybody else, why this should be any different. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 20, 2017, 01:59:04 AM It is what it is: Option 1 We can decide what we want, but not what CMC puts on their page. But if you wanna go toe to toe with the no.1 place to go for information about crypto currencies, I don't think that's a good idea. I don't like it too, but trying to compete with CMC about credibility is IMHO a battle you're going to loose. We need to find a compromise in a diplomatic way, at least for starters. What doesn't mean I wouldn't prefer option 1. 1 would be tje ideal solution.Sooner or later a lot of that coins will appear in the market, affecting the market numbers (price, volumes...). Any other option is absurd. I don't think we have to "obey" CMC ... Who are they ? To me they are acting this way due some hidden interests, unknown for the rest us. What we have to do is to listen the BitCore community. At the end, if CMC doesn't want to be rational, we can choose to obey or to adapt ourselves to the new situation considering more options, including a Bitcore fork to undo transactions for unclaimed BTC coins returning them to circulation again (via more airdrops, or any other method) to satisfy these new CMC rules "made expressly for us". I'm not in crypto to obey arbitrary decissions from third parties, so it should be a BitCore community and developers decission. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: agostine on November 20, 2017, 02:00:36 AM How is this really any different than still counting Satoshi's coins or the millions of lost Bitcoin as being "in circulation"? This is exactly why it's so ridiculous, why is this even a discussion. Exactly Option no 1 is fair play. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 02:17:54 AM It is what it is: Option 1 We can decide what we want, but not what CMC puts on their page. But if you wanna go toe to toe with the no.1 place to go for information about crypto currencies, I don't think that's a good idea. I don't like it too, but trying to compete with CMC about credibility is IMHO a battle you're going to loose. We need to find a compromise in a diplomatic way, at least for starters. What doesn't mean I wouldn't prefer option 1. 1 would be tje ideal solution.Sooner or later a lot of that coins will appear in the market, affecting the market numbers (price, volumes...). Any other option is absurd. I don't think we have to "obey" CMC ... Who are they ? To me they are acting this way due some hidden interests, unknown for the rest us. What we have to do is to listen the BitCore community. At the end, if CMC doesn't want to be rational, we can choose to obey or to adapt ourselves to the new situation considering more options, including a Bitcore fork to undo transactions for unclaimed BTC coins returning them to circulation again (via more airdrops, or any other method) to satisfy these new CMC rules "made expressly for us". I'm not in crypto to obey arbitrary decissions from third parties, so it should be a BitCore community and developers decission. What about the credibility of the coin? Having to explain those 8 million, every time someone asks. And never having an unquestionable circulating supply. Has to be option one. Diplomatic is the only way, but option one is the only reasonable option. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 02:28:05 AM Btw, why is option 3 even in there?
When in my opinion, option 2 shouldn't even qualify. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 02:37:18 AM It would help if we had more info.
What are the arguments cmc has presented, and how can we present our response and position, In the most effective and productive manner? That should be top priority on our list. Not trying to find arguments and excuses as to why we maybe should settle for option 2. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 20, 2017, 02:53:41 AM Btw, why is option 3 even in there? When in my opinion, option 2 shouldn't even qualify. Option 3 is here to show all of the potential options and to be as impartial as possible. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: eance on November 20, 2017, 04:21:19 AM Option 1. However, I have my reservations regarding CMC point of view.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: CryptosapienZA on November 20, 2017, 04:24:37 AM Option two of course, why would it be the first option? there is no sense with that at all. Has anyone noticed that bitcore was just another pump & dump situation? just look at the price, it was less than 25$ by the beggining of the last week, and then suddenly pumped to more than $45 each one of them. Now it is at $29 each and a lot of people invested money in there because they wanted to earn some free money from that. Lets see how it goes, but it is a good project, only that it seems very shady to me, and that is why i will never put my funds into that coin. Well to be fair option one is simply the way that CMC calculates every single other coin. Do you think all of Bitcoin Cash has been claimed? Do you think all of Bitcoin is truly "in circulation"? We are fine with being calculated by option 2 as long as everyone else is also calculated by option 2. We really just want fair treatment. I instinctively chose option 2 but after reading this ^^ post. You make some valid arguments. CMC can't have double standards. How coins in circulation are calculated should be the same across board. So my final answer is option 1 Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: fromcoins on November 20, 2017, 05:56:26 AM 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. How does this spell out? When definitely there are evidence that the coin was 'virtually forked' which does means it exists as seen in the blockchain and accessible for claimants, then of a sudden it is not counted amongst the coin in circulation. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Kodyk5 on November 20, 2017, 06:43:56 AM Option 1 is the best!
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: thimei on November 20, 2017, 07:46:19 AM I think option 2 is at least minimum.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Acidreload on November 20, 2017, 08:31:52 AM The ONE and only the ONE ^^
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: SimpleCoiner on November 20, 2017, 10:57:36 AM It is what it is: Option 1 We can decide what we want, but not what CMC puts on their page. But if you wanna go toe to toe with the no.1 place to go for information about crypto currencies, I don't think that's a good idea. I don't like it too, but trying to compete with CMC about credibility is IMHO a battle you're going to loose. We need to find a compromise in a diplomatic way, at least for starters. What doesn't mean I wouldn't prefer option 1. 1 would be tje ideal solution.Sooner or later a lot of that coins will appear in the market, affecting the market numbers (price, volumes...). Any other option is absurd. I don't think we have to "obey" CMC ... Who are they ? To me they are acting this way due some hidden interests, unknown for the rest us. What we have to do is to listen the BitCore community. At the end, if CMC doesn't want to be rational, we can choose to obey or to adapt ourselves to the new situation considering more options, including a Bitcore fork to undo transactions for unclaimed BTC coins returning them to circulation again (via more airdrops, or any other method) to satisfy these new CMC rules "made expressly for us". I'm not in crypto to obey arbitrary decissions from third parties, so it should be a BitCore community and developers decission. It's not about going toe to toe, this is about correct and real information. Bitcore deserves to be listed there correctly and we must try it the hardest we can. But in the last case, I even prefer that CMC remove Bitcore from their listings than to be there with numbers that cheat new Bitcore members, coming here always asking about this issue because they don't understand the wrong CMC numbers. With the calculation method that CMC is currently using with Bitcore, it's impossible for any coin to be listed in high positions (not even for Bitcoin !). Something is shady at CMC regarding this. This year there were coins that appeared in their TOP 20 from nowhere with most part of the coins not distributed, and big big chunks in the hands of the creators... And now they are arguing against Bitcore real numbers ? mmmm.... The Bitcore numbers in CMC were listed correctly for some hours and then they changed them. Why ? Who was the person/group that told them to change Bitcore numbers ? Something shady happened there... Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: nmtz on November 20, 2017, 12:28:16 PM Option 1.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 20, 2017, 01:14:23 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: b20lopez on November 20, 2017, 01:36:33 PM Hi,
If we go for Option 2. What will be our Max SUPPLY? 21million? Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 20, 2017, 01:49:08 PM Hi, If we go for Option 2. What will be our Max SUPPLY? 21million? Max supply is always going to be 21 million. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 20, 2017, 01:52:38 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? 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. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Diabolicus on November 20, 2017, 01:54:24 PM This whole discussion proves once again how broken a metric the market cap really is.
Same as CPU speed is solely measured in GHz and the number of megapixels is the only thing that influences picture quality of cameras. Makes you wonder how many other promising projects are misrepresented on CMC? edit: Must be option 1, of course. Anything else is nonsense. edit2: Have you contacted coincap.io or coingecko.com as well? Or do those blindly rely on CMC data? (oh, and send coincap.io a BTX logo while you are at it) Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 20, 2017, 02:26:38 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? 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. 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. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: YuriyK on November 20, 2017, 03:46:55 PM Option 2.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 20, 2017, 04:43:47 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. 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. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 20, 2017, 05:34:39 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. 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. All I feel comfortable telling you was the one or two times they have actually answered us the discussion has been completely unproductive. I want to focus on objective things like the data and not subjective things. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: b20lopez on November 20, 2017, 06:36:34 PM I Go for Option 1.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on November 20, 2017, 08:55:33 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. 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. All I feel comfortable telling you was the one or two times they have actually answered us the discussion has been completely unproductive. I want to focus on objective things like the data and not subjective things. Thats strange somehow, I believed they are professionals. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 20, 2017, 09:19:35 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? 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. 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. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 21, 2017, 01:54:06 AM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? 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. 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. Ya I agree... The only changes that should be made are those that clearly have consensus. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: rezurect on November 21, 2017, 12:25:00 PM I always thought coinmarketcap was impartial, but this is pretty unfair if you ask me.
Maybe coinmarketcap doesn't want btx in the top 25? And they have interests elsewhere that they are trying to protect.. ::) Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Kryptowerk on November 21, 2017, 12:52:23 PM There is an argument to be made, regarding the "lost BTX" that will probably never move after our snapshot. Let's assume it is more around 50% of the snapshot coins. So 4 Mil. will be lost forever.
My question is: So what? It is estimated that as much as 8 Mil. Bitcoin (BTC) are lost forever. Now that's 50% of the current supply! Still, nobody cares, because it is hard to prove and worst case scenario 1 BTC is just much rarer than most people assume. Same goes for Bitcore and its virtual fork, with the only difference that we will have a much higher total supply that is actually alive, because the snapshot was only giving 0.5 BTX : 1 BTC! All current forks suffer the same problem, yet coinmarketcap displays them correctly. So in my opinion it is only a matter of time (hopefully not too much longer) until cmc does display our correct numbers, which is ~9.95 Mil BTX at the moment. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 21, 2017, 01:47:53 PM BTX DNA is made of honesty and transparency, which will give reason to Bitcore.. so I agree it's just a matter of time.
It's easy to interpret the situation the way we want and we can all come up with our own scenarios and speculate on it. We must stick to what the facts are.. and the facts are that we have issued 8M coins to BTC address holders. Some may claim their BTX rapidly, or other may do it later once the price is in the hundreds/thousands. I think we must stick to the fact with cmc and at some point, they will correct the circulation. In the mean, since many newcomers are confused with this topic, I would highly recommend that we give more visibility to the coin distribution on the website homepage (under the coin specifications section) and all other platforms. I think high-level details like this (below) would help to give a sentiment of transparency to all. Total - ~16,000,000 BTX Split into: ~1,415,000 BTX - These are "airdrop-enabled" wallets ~5,148,981 BTX - The airdrop wallet Smiley ~1,500,000 BTX - Devs' wallets - not included in airdrop. But if they would sell part of it - the ones who buy could subscribe to the airdrop. ~8,000,000 BTX - Not registered to airdrop: allocated to BTC owners + exchanges + wallets not subscribed to airdrop. Side note: I'm sure you came across coins that had the wrong circulation on cmc and then you went to the coin website to get the right information. Facing uncertainty, people will go to bitcore.cc to get the information. That's why it's important the we have a clear breakdown of the distribution on the homepage. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on November 21, 2017, 02:36:56 PM One side note...
CoinCompare does have the right circulation https://www.cryptocompare.com/coins/btx/overview/BTC Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: tmkn on November 21, 2017, 02:37:16 PM 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 Option 2 Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 21, 2017, 02:42:43 PM 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 Option 2 I might agree with you under certain circumstances but basically that means we get treated differently than every other coin. There are millions of Bitcoin that are never going to be in circulation and even more Bitcoin Cash. Our 1:.5 ratio actually means that BTX can have more in true circulation than either of those two. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: topps1k on November 21, 2017, 04:45:38 PM 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 (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.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 21, 2017, 05:12:51 PM 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 (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. 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 their grandmother coming up with their own numbers. fair enough? Thank you. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: drm on November 21, 2017, 05:19:40 PM 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 (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. 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. No. BTX will be calculated like every other coin, no bullshit compromises just because they are invested in bch or in something else. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: CryptosapienZA on November 21, 2017, 07:43:03 PM How does Coin market cap currently list the supply of btx?? How will the change to option 1 change/affect the price?
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 21, 2017, 08:24:01 PM How does Coin market cap currently list the supply of btx?? How will the change to option 1 change/affect the price? Coin market cap has frozen our supply to what is shown in option 3. It doesn't even go up when new coins are mined. The price per se isn't affected but the total marketcap is severely affected. We have about 1/10th of the transactions of Litecoin so a 250M+ marketcap, which is correct, seems acceptable. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: acorcos on November 21, 2017, 09:21:24 PM Voted for option 1. The circulating supply does already include virtually forked coins as far as I know.
All other answers do not make any sense to me. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on November 21, 2017, 10:22:37 PM 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 (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. 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. No. BTX will be calculated like every other coin, no bullshit compromises just because they are invested in bch or in something else. Maybe they are no conspiracies around, just a heavy workload and some who are paying for being enlisted. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: minestro on November 21, 2017, 10:37:06 PM At least two BTC whales already claimed their BTX (>1800BTX)
https://chainz.cryptoid.info/btx/tx.dws?148418.htm #50 & #315 https://chainz.cryptoid.info/btx/tx.dws?174357.htm https://chainz.cryptoid.info/btx/tx.dws?175273.htm and four from here (~1000BTX) https://chainz.cryptoid.info/btx/tx.dws?148419.htm #50 registered for airdrop... nice interest :) https://chainz.cryptoid.info/btx/address.dws?1C79YofyjJ9LMavRyoja5AzU934ofe8u3P.htm I'm quite jealous and happy that bitcore got picked up by some bigger players. Let's see when/if he/she dumps. And where :) Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 22, 2017, 12:10:08 AM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. 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. All I feel comfortable telling you was the one or two times they have actually answered us the discussion has been completely unproductive. I want to focus on objective things like the data and not subjective things. Did they ask for some sort of payment? did we say no? Is that why our are numbers have been frozen? If so, Are we considering paying them? Would really appreciate an honest answer to theese questions. The community deserves it I think. Otherwise I might as well drop this whole cmc issue, and let it sort itself out. I can't try to solve something, when I feel important pieces of the puzzle missing. My 2 sats. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: 777asianinvasian on November 22, 2017, 12:23:32 AM Option 1 works for me. Dont know why we would ever choose 2 or 3 but that is beyond me.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 22, 2017, 12:54:37 AM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. 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. All I feel comfortable telling you was the one or two times they have actually answered us the discussion has been completely unproductive. I want to focus on objective things like the data and not subjective things. Did they ask for some sort of payment? did we say no? Is that why our are numbers have been frozen? If so, Are we considering paying them? Would really appreciate an honest answer to theese questions. The community deserves it I think. Otherwise I might as well drop this whole cmc issue, and let it sort itself out. I can't try to solve something, when I feel important pieces of the puzzle missing. My 2 sats. The answer to all of your questions is no... They aren't paid based on correcting things or listing coins on markets. They are only paid based on advertisement dollars as far as I know. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: karimbohne on November 22, 2017, 02:15:59 PM Please Option 1 its the only good one.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on November 22, 2017, 02:52:12 PM As far as I understand how the other Bitcoin based Currency's are got calculated the only only option to compare between them is Option 1 .
I can't vote but this maybe depends on my "Newbie" status, right? Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: nick777 on November 22, 2017, 07:06:09 PM Option 2: +1,500,000 BTX the devs "rewarded"
1,625,941 BTX +1,500,000 BTX the devs "rewarded"=3,125,941 BTX circulating supply correctly Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Sanglotslongs2 on November 22, 2017, 07:16:06 PM 50% premine :) Not so bad ! Just but the king's name on it, a little work and here we go ! A full bag of BTC, freshly dumped from lame investor.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 22, 2017, 07:58:31 PM Option 2: +1,500,000 BTX the devs "rewarded" 1,625,941 BTX +1,500,000 BTX the devs "rewarded"=3,125,941 BTX circulating supply correctly FacePalm. That's wrong on so many levels, I don't even know where to begin. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: keyzersoze on November 22, 2017, 08:20:47 PM Option 4 , proposal That would require a hard fork so I don't think it is the preferable option.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? Greetings Community, Was there any response when, how and if they would consider the virtual forked coins as circulating supply. As there would be: never, when they are transferred from the fork address or when the fork address' amount is changed in any way?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 They can't only say, "Sorry guys, it's done. The supply is going to be frozen forever.". Are they going to at least count the future airdrops into the circulating supply? That's all very strange. Why do they don't count the virtual fork into the circulating supply? The money is accessible for the ones having the needed private key as every other address on the blockchain. I really don't get on what grounds they're arguing to not count the virtual forked coins. What's the criterium for a coin to be count into the circulating supply. There has to be a definition from their side. IMHO that's completely BS. By their criteria to not count the forked coins, they would have to ignore most of the "sleeping whale" accounts in other blockchains. I really just don't get it and it feels very arbitrary. 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. All I feel comfortable telling you was the one or two times they have actually answered us the discussion has been completely unproductive. I want to focus on objective things like the data and not subjective things. Did they ask for some sort of payment? did we say no? Is that why our are numbers have been frozen? If so, Are we considering paying them? Would really appreciate an honest answer to theese questions. The community deserves it I think. Otherwise I might as well drop this whole cmc issue, and let it sort itself out. I can't try to solve something, when I feel important pieces of the puzzle missing. My 2 sats. The answer to all of your questions is no... They aren't paid based on correcting things or listing coins on markets. They are only paid based on advertisement dollars as far as I know. Good to hear, appreciate the response. F***k CMC then, for going all "Jamie Dimon" on us. Trying to keep the price down, probably even buying the dip. Considering the owner has his bags full of bch, and its about to start pumping any minute now, heh. Cant have little BTX waltzing in to the top 20, all pink, specced up to its teeth, and steal the limelight. I say we just keep doing what's gotten us this far, which is making sure everyone is hearing about BTX and what it's capable of. CMC will just end up looking stupid, if they don't update the numbers. Especially if we let everyone know the correct numbers, and about cmc not cooperating. For whatever shady reasons they might have. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Lucasgabd on November 23, 2017, 11:54:31 AM Option one since bitcore is not that different from other fork situations
But how long for cmc to correct it? Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: bbcolex on November 23, 2017, 12:06:01 PM Option one since bitcore is not that different from other fork situations But how long for cmc to correct it? I don't know why would someone consider 2 and 3 , option 1 is way better option for bitcore. Really hope cmc will get things done quickly Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: bulbolitobayagyag on November 23, 2017, 12:22:06 PM Thats good to hear that someday BTX would be like doge coin luckily i dumped this shitcoin earlier.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: askl on November 23, 2017, 03:54:07 PM Option 1: Circulating Supply includes the "virtually forked" coins
This is insane! Why Coinmarketcap is treating BTX differently than any other Fork of BTC? After all Coinmarketcap should understand that it is a service supported by all of us. We will not support it any longer if its making wrong judgements and fails to show a neutral stance to all coins. >> A nice place to post your comment would be here: https://twitter.com/YpsiNine/status/933000345344757762 << Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Whitewidow73 on November 23, 2017, 06:49:39 PM Option 1
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: robertovelasquez on November 24, 2017, 04:39:45 AM One side note... In Coinmarketcap it does not look anything like what is in CriptoCompare. But I think it's great that here if you value the coin :)CoinCompare does have the right circulation https://www.cryptocompare.com/coins/btx/overview/BTC Remember that there are also other markets like: coincap, coingecko, etc. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Sylar2016 on November 24, 2017, 11:51:39 AM any news?
When this situation will be resolved? Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on November 24, 2017, 07:25:27 PM One side note... In Coinmarketcap it does not look anything like what is in CriptoCompare. But I think it's great that here if you value the coin :)CoinCompare does have the right circulation https://www.cryptocompare.com/coins/btx/overview/BTC Remember that there are also other markets like: coincap, coingecko, etc. Yes, I completely agree please dont forget the other compare sites. But It's still disappointing what CMC is doing or not. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: rauderce on November 25, 2017, 02:23:09 AM I went with option 1 although I would be open to option 2. For bitcore as a long term project we need to establish transparency of trust and attempt to account for the true picture. Option 1 serves this role
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: olindo53 on November 25, 2017, 04:08:51 PM Optional 1 is my choice . thankyou devs
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: kensaii on November 25, 2017, 04:26:11 PM Option 1: 'Circulating Supply includes the "virtually forked" coins' is my choice. It okay and seen right for BTX.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: panda111 on November 27, 2017, 11:04:22 AM option 1. yes
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: _javier_ on November 27, 2017, 12:51:48 PM this poll is nonsense.
There is no other option than 1, as CMC do so with BTC, BCH, BTG and so on... why is BTX different? my "virtually forked" coins are already circulating (in my wallet) The coins are under user control, tied to their privkeys. They are not devs coins anymore. That define "circulating coins", right? Is CMC waiting for every user to say.. "hey. my virtually forked coins are circulating? why are you not counting them?" ??? ??? Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Warren Buffert on November 27, 2017, 12:54:42 PM There is only 1 answer, option 1, else CMC will have to redo a lot of coins including bch/btg ...with this logic you would even have to change bitcoin's supply.
I didn't think corruption was part of cmc's vocabulaire but unfortunately it seems it is. The owner of cmc might even get into legal trouble later on for heavily influencing million/billion dollar markets. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on November 28, 2017, 11:52:20 PM There is only 1 answer, option 1, else CMC will have to redo a lot of coins including bch/btg ...with this logic you would even have to change bitcoin's supply. I didn't think corruption was part of cmc's vocabulaire but unfortunately it seems it is. The owner of cmc might even get into legal trouble later on for heavily influencing million/billion dollar markets. I fully agree with you on that one! Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on November 29, 2017, 07:08:24 PM How do they could calculate circulation supply?
I assume that they use the api call for total supply (https://chainz.cryptoid.info/btx/api.dws?q=totalcoins) and then: totalcoins - dev funds ( - airdrop account (https://chainz.cryptoid.info/btx/api.dws?q=getbalance&a=13hwgY4YUvrgnhjLP5ugFafL1cmbRRtr5e) =circulating supply I cant understand what's the problem @ coinmarketcap.com. I will use and recommend cryptocompare.com. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Blackwiz4rd on December 02, 2017, 09:38:35 AM Option 1, of course. ::)
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: DosManos on December 02, 2017, 09:42:36 AM Do you know how many projects have incorrect circulating supply on CMC?
cant even count... =/ Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: gwestcot on December 02, 2017, 01:08:33 PM Do you know how many projects have incorrect circulating supply on CMC? cant even count... =/ I agree and this is a huge integrity issue on the part of CMC. Although there are many, we are probably the largest project that is currently not being displayed properly. We have provided them documentation multiple times and they refuse to do the right thing. It is pretty frustrating but hey worldcoinindex and cryptocompare have our full supply as circulating right now so I guess that is a breath of fresh air. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: barrysty1e on December 06, 2017, 01:25:03 AM CMC lists an incorrect marketcap for quite a few coins.
Anyway.. to clear a few misconceptions, circulating supply means coins that have recently been sent or addresses known to be active (CMC gives no indication of the time cut-off however). A fairly stupid measuring metric to be honest. Total marketcap are coins generated 'to date' or in existence at any given point. If coins were sent to an address; and the owner lost the private key - this does not affect the marketcap total, as said coins still exist and are valid on the blockchain. The Bitcoin holders 'forked' coins don't matter, if they were reimbursed with BTX due to the snapshot - the BTX they were sent already existed beforehand. To find the to the minute (and correct) coinmarketcap: Ensure your baking tray is lightly greased, along with a txindex'd copy of bitcored, mix with python 2.7 and gently stir python-bitcoinrpc library in (pip install python-bitcoinrpc). Don't forget to add your rpcuser/pass otherwise rpc comms will fail. Code: from bitcoinrpc.authproxy import AuthServiceProxy, JSONRPCException https://i.imgur.com/OlIrgLZ.png We can see as of block 95,338; a total of 16,678,946.0337BTX are in existence. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: chrysophylax on December 06, 2017, 04:03:57 AM CMC lists an incorrect marketcap for quite a few coins. Anyway.. to clear a few misconceptions, circulating supply means coins that have recently been sent or addresses known to be active (CMC gives no indication of the time cut-off however). A fairly stupid measuring metric to be honest. Total marketcap are coins generated 'to date' or in existence at any given point. If coins were sent to an address; and the owner lost the private key - this does not affect the marketcap total, as said coins still exist and are valid on the blockchain. The Bitcoin holders 'forked' coins don't matter, if they were reimbursed with BTX due to the snapshot - the BTX they were sent already existed beforehand. To find the to the minute (and correct) coinmarketcap: Ensure your baking tray is lightly greased, along with a txindex'd copy of bitcored, mix with python 2.7 and gently stir python-bitcoinrpc library in (pip install python-bitcoinrpc). Don't forget to add your rpcuser/pass otherwise rpc comms will fail. Code: from bitcoinrpc.authproxy import AuthServiceProxy, JSONRPCException https://i.imgur.com/OlIrgLZ.png We can see as of block 95,338; a total of 16,678,946.0337BTX are in existence. aaand THIS is why learning is a must. ;) #crysx Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: metallicelmo on December 06, 2017, 03:31:59 PM So the airdrop wallet is also a wallet that holds BTX and this should be counted as well right? So actually 16 million coins in circulation
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: drm on December 06, 2017, 04:16:48 PM CMC lists an incorrect marketcap for quite a few coins. Anyway.. to clear a few misconceptions, circulating supply means coins that have recently been sent or addresses known to be active (CMC gives no indication of the time cut-off however). A fairly stupid measuring metric to be honest. Total marketcap are coins generated 'to date' or in existence at any given point. If coins were sent to an address; and the owner lost the private key - this does not affect the marketcap total, as said coins still exist and are valid on the blockchain. The Bitcoin holders 'forked' coins don't matter, if they were reimbursed with BTX due to the snapshot - the BTX they were sent already existed beforehand. To find the to the minute (and correct) coinmarketcap: Ensure your baking tray is lightly greased, along with a txindex'd copy of bitcored, mix with python 2.7 and gently stir python-bitcoinrpc library in (pip install python-bitcoinrpc). Don't forget to add your rpcuser/pass otherwise rpc comms will fail. Code: from bitcoinrpc.authproxy import AuthServiceProxy, JSONRPCException https://i.imgur.com/OlIrgLZ.png We can see as of block 95,338; a total of 16,678,946.0337BTX are in existence. Nice one. So the airdrop wallet is also a wallet that holds BTX and this should be counted as well right? So actually 16 million coins in circulation Nobody really wants or needs the airdrop wallet to be counted, it is in existance of course but ideally we wouldn't count the airdrop wallet as being in circulation yet. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: andrei1982 on December 07, 2017, 10:31:11 AM Why https://chainz.cryptoid.info/btx/ can show the marketcap 307.96 million and you can't show the correct one ? how they can and you don\t ?
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: metallicelmo on December 07, 2017, 09:29:06 PM Why https://chainz.cryptoid.info/btx/ can show the marketcap 307.96 million and you can't show the correct one ? how they can and you don\t ? Yeah that should be about rightTitle: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: QB Horse on December 08, 2017, 04:50:05 PM Not sure if this thread is still active/relevant, but in any case, I thought I would throw this here instead of the regular ANN.
Someone in a trader chatroom made me realize CMC might not show the accurate circulation for many coins because of they use the public float accounting method to calculate the market cap. Indeed, on their site, they have the below explanation: "Why is the Circulating Supply used in determining the market capitalization instead of Total Supply? We've found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing." My guess is that they see the virtual fork free coins that were not redeemed as locked, and therefore can't affect the market price. I think it's a battle of interpretation between the dev team and CMC. Dev team probably just need to clarify this with CMC. Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Sylar2016 on December 20, 2017, 12:00:58 PM Any news about this problem? Why CMC doesn't answer at our request? I am sue that if and when Circulating supply will be correct, BTX will increase its value.
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: metallicelmo on January 04, 2018, 12:44:59 PM Maybe they are too busy, or maybe it's just one guys running it you don't really know
Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on January 04, 2018, 02:22:56 PM I think they have no idea about UTXO (unsent transaction outputs) imports. How they work and why to add them to circulating supply. The only compareable coin who did the same distibution is CLAMS (as far as i know) and if you look, the same issue with the circ. supply there.
I found something written by Jimmy Song the Editor of Bitcoin Tech Talk: https://medium.com/@jimmysong/bitcoin-diamond-super-bitcoin-bitcore-what-you-need-to-know-f49c35688a39 Quote Bitcore is something that’s between a hard fork and an airdrop. BitCore (BTX) basically took the UTXO set from Bitcoin, compressed the outputs for each address and distributed on their chain. In layman’s terms, they cleaned up the ledger (blockchain) so that it’s a lot smaller. This is the most clever of the hard forks in that it doesn’t require the Bitcoin blockchain like other hard forks do (120GB+!) and at least innovates by cleaning things up a little. Unfortunately, distribution on this coin is a bit stingier as you only get 0.5 BTX per 1 Bitcoin you had as of block 492820. They have a continuing airdrop going on, so there’s also that aspect which helps the coin. The compare of hardfork and airdrop towards UTXO import shows me that this amount really should be added to circulating supply. https://en.wikipedia.org/wiki/List_of_Bitcoin_forks Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: julian.c on January 15, 2018, 12:11:05 AM They corrected the Supply this Night!
https://twitter.com/bitcore_btx/status/952687927007510528?ref_src=twcamp%5Eshare%7Ctwsrc%5Eios%7Ctwgr%5Eph.telegra.Telegraph.Share Title: Re: Incorrect Bitcore(BTX) Circulating Supply on CMC Post by: Hadrop.Boyle on January 15, 2018, 12:55:58 PM Thank you @ CMC that this finally is corrected. :thumbsup
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