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Author Topic: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!  (Read 565857 times)
Benefactor
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December 26, 2013, 05:36:38 PM
 #861

Market Capitalization (Market Cap)

(a post for coinmarketcap.com readers)

-

There is an illusion caused by this coinmarketcap website:

Market capitalization is the LAST PRICE multiplied by the outstanding float (the amount currently in circulation, not even available for purchase, but simply mined and hypothetically available in someone's crypto address.)

If someone issues their own ExploiterCoins with 1,000,000,000 units in the float, and trade on their own exchange 1 unit for $10 USD, then their market capitalization becomes $10 Billion US dollars, #1 on that website.

A TEN US DOLLAR BILL CAN VAULT A CRYPTO TO THE #1 spot on that website, beating BTC instantly!

-

If they take their same ten dollar bill, and then trade it with themselves, again, for 10 units of ExploiterCoins, then they've just lost almost $10 Billion Dollars in Market Cap!!! Yes, that would price the market cap calculation down 90%!!!

Still, it's just them masturbating a ten dollar bill back and forth with themself.

-

Illusion and perception.
See how dangerous this stuff is?
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Yurizhai
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December 26, 2013, 05:54:24 PM
 #862

It's not that you have to be biased or against open information to be against NXT, MSC, XRP, ect.. It's just a little misleading to act as if they are simply another crypto. As long as there is something in the works to allow us more information other than JUST MARKET CAP, I'll be happy.
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December 26, 2013, 06:05:17 PM
 #863

It's not that you have to be biased or against open information to be against NXT, MSC, XRP, ect.. It's just a little misleading to act as if they are simply another crypto. As long as there is something in the works to allow us more information other than JUST MARKET CAP, I'll be happy.

It's only misleading if you don't know what "market cap" really means. And you do know what it means, so it's not misleading is it? And whatever about Mastercoin and Ripple, NxT is a cryptocurrency as much as Bitcoin or any of it's derivatives are.

Edit: Except that the NxT code is written from scratch and has many more features built-in.

In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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December 26, 2013, 06:10:02 PM
 #864

Everyone to be happy, you need to rename the site.
CoinandScamcoinMarketcap.com  Grin
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December 26, 2013, 06:22:22 PM
 #865

Whats going on with Mastercoin MST??
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December 26, 2013, 07:19:46 PM
 #866

Everyone just switch over to http://www.cryptmarketcap.com/

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December 26, 2013, 07:25:04 PM
 #867



If the rhetoric of 'open, transparent information source' is acted out, then, Ripple should be clearly labelled as 'not a real cryptocurrency', issued by a central authority, not open source.
Wrong. It is open source. And wrong again. It is a cryptocurrency, just not a decentralised one. See - http://en.wikipedia.org/wiki/Cryptocurrency for sources so you can learn and stop spreading misinformation.

Where is that information on that website?  
See above. Hint: you're wrong.

I have ignorant people asking about the '$2 billion dollars that were invested' in Ripple.  This is very dangerous to cryptos, siphoning off real investment funds (not the misinterpreted, then fictitious, 'market cap',) that would otherwise go to legitimate open-source cryptocurrencies into the pockets of the the cabal of exploitational advertisers, poisoning the minds of noobs and keeping humanity repressed.

Perhaps instead of supporting the exploitational illusion that ripple belongs as an equal on that list, you could work towards educating noobs on what a market cap means.  I'll start you off:

Market Cap = Last Price x (multiplied by) Outstanding Float (total available in crypto addresses.)
I'm going to surprise you here and inform you again you are wrong. Do you know how Ripple works or have you just read a couple of information pieces? Why are you calling people noobs when you don't even know the basics and clutter up this valuable topic with your bullshit? 100 billion XRP have been created and can be used at any point of time. It's human choice stopping them from being spent. What your mind can't distinguish is that is separate from the fact most XRP are in the hands of Ripple Labs.

Btw you probably think I'm a Ripple supporter - I'm not. Check my post history, I've probably mentioned them twice in the last year. It's just funny to me seeing so many people get mad over things they don't understand.
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December 26, 2013, 08:01:49 PM
 #868

http://www.cryptmarketcap.com/   is my new home.

Enjoy you false data

Bye

Bye  Grin

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December 26, 2013, 08:05:58 PM
 #869

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.


Rather funny when someone demands absolute proof.

If for example 90% of all NXT is owned by one person we would never know.

The coins were created all at once and distributed to "stake holders." The max buy in was 1BTC per BTC address but there is nothing stopping someone from sending BTC from multiple addresses. In fact the creator of the coin could just send himself BTC from multiple accounts at zero cost but it looks good on paper.

There is no way to prove this but it is possible because of the inherent design of the coin.

That is my beef with these coins, the overall design including the proprietary exchange is perfect for running a scam.

I outlined the similarities between NXT and Realsolid/Coinhunters endevors. Here: https://bitcointalk.org/index.php?topic=381489.0

Quote
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.

It does not matter if the exchange is open to the public. It is a moot point.

There is nothing stopping the owners of these proprietary exchanges from starting 20 puppet accounts and trading a huge volume of NXT or Mastercoin back and fourth to themselves with only a few BTC actually going back and fourth. All the fees even go back to the exchange owner so it costs nothing to rig the price or the volume.

That is exactly what Realsolid did at MCXnow, manipulated prices and faked the volume. Realsolid was actually more legit in some ways because he allowed several coins that weren't his on the exchange to give it the appearance of legitimacy.

Quote

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?

A filter alone is not enough. A grading system as outlined by cycloid would be better or just leave them off the list entirely. There is nothing wrong with taking a moral stand against scam coins.

Crypto's were ment to be the solution to centrally controlled fiat money not as some get rich quick scheme. Coins that are of the 100% created, premine/instamine variety that have their own exchange and can't or won't list at the more popular exchanges are just schemes to make a few people rich quick.

Allowing these types of coins to be successful and get undeserved attention only de-legitimizes  all cryptos in the eyes of the general public.

Personally I have stwitched to: http://www.cryptmarketcap.com/ until this is properly taken care of.

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December 26, 2013, 08:22:17 PM
 #870

100% preminted coins(if you can even call them that) should be in their own category, plain and simple.

I have zero interest in seeing these coins littering up my screen.

Right now cryptmarketcap.com seems to be exactly what I need. The bigger coin logos and smaller spacing between coins makes the site more aesthetic, it shows volume too.

VTC > LTC
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December 26, 2013, 08:32:28 PM
 #871

So if all coins can be manipulated pretty easy, how do we know their true value? How can people take cryptos seriously when they are becoming a joke now.

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December 26, 2013, 08:47:05 PM
 #872

Are you out of your mind? Ripple has a 4 BTC trading volume the past 24 hours. This shit does not deserve to be #2.

http://www.cryptocoincharts.info/#jump-btc-xrp

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December 26, 2013, 09:03:16 PM
 #873

Are you out of your mind? Ripple has a 4 BTC trading volume the past 24 hours. This shit does not deserve to be #2.

http://www.cryptocoincharts.info/#jump-btc-xrp


Way more than 4BTC.  http://bitcoincharts.com/markets/rippleXRP.html

Crypto-currency market cap rankings @ http://coinmarketcap.com
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December 26, 2013, 09:20:00 PM
 #874

http://www.cryptmarketcap.com/  wow better than coinmarketcap which seems corrupt to me. Cryptmarketcap > Coinmarketcap
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December 26, 2013, 09:30:29 PM
 #875

I have ignorant people asking about the '$2 billion dollars that were invested' in Ripple.  This is very dangerous to cryptos, siphoning off real investment funds (not the misinterpreted, then fictitious, 'market cap',) that would otherwise go to legitimate open-source cryptocurrencies into the pockets of the the cabal of exploitational advertisers, poisoning the minds of noobs and keeping humanity repressed.

Perhaps instead of supporting the exploitational illusion that ripple belongs as an equal on that list, you could work towards educating noobs on what a market cap means.  I'll start you off:

Market Cap = Last Price x (multiplied by) Outstanding Float (total available in crypto addresses.)
I'm going to surprise you here and inform you again you are wrong. Do you know how Ripple works or have you just read a couple of information pieces? Why are you calling people noobs when you don't even know the basics and clutter up this valuable topic with your bullshit? 100 billion XRP have been created and can be used at any point of time. It's human choice stopping them from being spent. What your mind can't distinguish is that is separate from the fact most XRP are in the hands of Ripple Labs.

Btw you probably think I'm a Ripple supporter - I'm not. Check my post history, I've probably mentioned them twice in the last year. It's just funny to me seeing so many people get mad over things they don't understand.

Please read what I wrote more carefully.  There is nothing you introduced that I wasn't already aware of, nor is it inconsistent with my post.  Please be careful when you label another person as 'wrong'.  I can do without the misinformed accusations of my person.  If you are not a supporter of XRP, why are you personally attacking me?  Why don't you spend your energy helping out noobs?

Ripple is not a cryptocurrency like BTC is.  How do you get that many coins instantly?  As its source is closed, and nobody was invited to 'mine' it, (if that's what those scum call their instacoin-creation subroutine,) there is no evidence that this has any of the equitable benefits of the class of open-source cryptocurrencies.  ripple is just a meaningless closed-door scrip.

They have incredible pricing power, (ability to manipulate the price!)  This is very dangerous, as people who are scamed by ripple are likely to apply their unfortunate experience to other coins that they misperceive to be equals based on the subject website's presentation.

P.S.  Please spare me another ad hominem attack.
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December 26, 2013, 10:23:25 PM
 #876

Are you out of your mind? Ripple has a 4 BTC trading volume the past 24 hours. This shit does not deserve to be #2.

http://www.cryptocoincharts.info/#jump-btc-xrp

Cheesy this is only data of the exchange "the rock trading" there are more XRP exchanges out there with more volume

www.cryptocoincharts.info - long term charts for 800+ coins like BTC, LTC, NXT, DOGE
www.cryptoassetcharts.info - charts for decentralized assets like NXT AE, XCP, MSC, ...
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December 26, 2013, 10:31:31 PM
 #877

Everyone just switch over to http://www.cryptmarketcap.com/

Wow, that site has come a long way on the layout!  Very nice. 

I hate to say this Gliss, you're my go-to for coin prices but with this Nxt and Ripple shit littering your top 5, I'm going to have to seek an alternative. 
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December 26, 2013, 10:32:12 PM
 #878

PLEASE REMOVE RIPPLE


you should switch 100% PREMINED Coins to a  Sub-Site

 

thanks!!
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December 26, 2013, 10:33:19 PM
 #879

Why do you want Ripple to be removed?

Btw I opened a thread here about this:

https://bitcointalk.org/index.php?topic=386414.0

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December 26, 2013, 10:41:39 PM
 #880

Everyone just switch over to http://www.cryptmarketcap.com/

Wow, that site has come a long way on the layout!  Very nice. 

I hate to say this Gliss, you're my go-to for coin prices but with this Nxt and Ripple shit littering your top 5, I'm going to have to seek an alternative. 

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