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Author Topic: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!  (Read 565865 times)
instacalm
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December 25, 2013, 11:46:31 AM
 #781

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

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

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

Come on, I can't go on and use this if things like Mastercoin pop up in this list.
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guybrushthreepwood
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December 25, 2013, 11:59:05 AM
 #782

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

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

Scamcoins and shitcoins need their own sections.

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December 25, 2013, 11:59:28 AM
 #783

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

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




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December 25, 2013, 12:08:24 PM
 #784

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

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December 25, 2013, 12:20:43 PM
 #785

Just out of curiosity, what is Mastercoin used for? Is it going to pop up on any exchanges or?Huh
http://themisescircle.org/blog/2013/12/20/mastercoin-is-a-nightmare-of-insanity/
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December 25, 2013, 12:23:43 PM
 #786

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

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

Scamcoins and shitcoins need their own sections.

And maybe memecoins.

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December 25, 2013, 12:26:08 PM
 #787



We all have a responsibility in how we want to shape the image of cryptocurrency.



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

JustaBitofTime - Co-Founder of CoinTropolis - Currently assisting Nxt
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December 25, 2013, 12:39:29 PM
 #788

Why in the hell did you guys add NXT back?

Its a total scam with rigged exchange, i dare you to go to this exchange, so called exchange from which you are picking up the price feed for marketcap site : http://dgex.com/  then click around and honestly ask yourself if you would want anyone putting their btc there.

Fake volume, so I can start my own exchange and mod some shitcoin and just price it to what ever i want?
wow come on, this cant be tolerated. Coins which are not accepted at at least 2 exchanges or traded on exchange set up by coin creators for the sole purpose of trading just that one coin, cant be trusted with price discovery this is absurd.

 unknown amount held by creators & created out of thin air then sold for real bitcoins to naive people who believe it is worth 20+ million $ in first few weeks , common if this coin stays on longer more abominations will follow.

 Please do all the new traders in this community a favor help them avoid this nonsense at least until this garbage is priced by a proper price discovery mechanism of the real market, not single coin exchange setup by people behind the coin itself.


Thanks


+1 wow absolutly right

It is completely ridiculous that coinmarketcap lists currencies like NXT and Mastercoin considering that they are traded in exchanges that illiquid and possibly completely manipulated.
?
Let's just look at NXT,  have you seen the DGEX exchange?  Would anyone in his right mind send BTC over there?

Look as mastercoin,  running a google spreadsheet is not the same as a real exchange.

What if I come up with an Open Transaction currency.  I'll issue 10 billion shares and price is at .5 cents.... does that automatically get me on the top of the list?


Well if coinmarketcap op does not remove NXT and Mastercoin, then we will have a flood of this type of coins coming our away and hurt our community

*Pause for laughter*

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

JustaBitofTime - Co-Founder of CoinTropolis - Currently assisting Nxt
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December 25, 2013, 12:54:47 PM
 #789

Guys, the author of the website has no affect on whatever you say, or how many of you say.

Well then, it's very clear.

It too easy to bribe Gliss.

Someone making a new website with proper policies for listing coins?

What evidence do you have he accepts bribes?

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December 25, 2013, 01:57:42 PM
 #790

Regarding removing Nxt, MasterCoin, and Ripple (which is now being voted on at https://bitcointalk.org/index.php?topic=381016.0), there seems to be 3 main arguments against it.  I'll let you know what I think about each:

1) It's a scam

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

2) Only traded on special exchanges that trade one coin

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

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

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

Crypto-currency market cap rankings @ http://coinmarketcap.com
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December 25, 2013, 02:58:44 PM
 #791

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

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

Just my 2 cents.

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

I'm just letting you know that all I see in chat rooms is how coinmarketcap.com is now completely unreliable due to a lack of these policies and people seem to be calling for a new site. If it were me, I'd try and fix this issue and restore faith in the site, as it has tons of potential.
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December 25, 2013, 03:45:23 PM
 #792

We can solve this problem by providing filter for 100% mined coins.  What do you think of that solution?

U'll get rid of all 100% PoS coins in this case coz 100% initial distribution is the only way to build secure currency.
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December 25, 2013, 03:50:07 PM
 #793

Hello,

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

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

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

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

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

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

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

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

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

Regards,

Emilien

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December 25, 2013, 03:56:52 PM
 #794



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

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

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

Anyway unlike on exchanges I'd like to see all the options and coins on coinmarketcap. Filter is fine if it's opt in.
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December 25, 2013, 04:15:12 PM
 #795

Regarding removing Nxt, MasterCoin, and Ripple (which is now being voted on at https://bitcointalk.org/index.php?topic=381016.0), there seems to be 3 main arguments against it.  I'll let you know what I think about each:

1) It's a scam

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

2) Only traded on special exchanges that trade one coin

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

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

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

+1 simple as that.

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December 25, 2013, 04:20:46 PM
 #796

Regarding removing Nxt, MasterCoin, and Ripple (which is now being voted on at https://bitcointalk.org/index.php?topic=381016.0), there seems to be 3 main arguments against it.  I'll let you know what I think about each:

1) It's a scam

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

2) Only traded on special exchanges that trade one coin

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

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

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

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

1+2 --

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

3 --

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

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

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

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

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

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December 25, 2013, 04:23:02 PM
 #797

Guys, the author of the website has no affect on whatever you say, or how many of you say.

Well then, it's very clear.

It too easy to bribe Gliss.

Someone making a new website with proper policies for listing coins?

What evidence do you have he accepts bribes?

??

Quote
Guys, the author of the website has no affect on whatever you say, or how many of you say.

cause money matter more than people.

Come-from-Beyond
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December 25, 2013, 04:29:53 PM
 #798

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

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

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

Valid points. But the world is not perfect, more fair way to do initial distribution is still waiting to be devised.
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December 25, 2013, 04:43:50 PM
 #799

NXT is a bad, kind of offensive joke

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

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

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

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

If that's your idea of a "scam" coin then I'll have some more of them thanks.
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December 25, 2013, 04:47:52 PM
 #800

NXT is a bad, kind of offensive joke


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

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

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