Come-from-Beyond
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December 24, 2013, 04:11:43 PM |
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As of the website -- coinmarketcap.com should show true market capital, not fakes from any website. Please take popular exchanges into account only.
Agree. Let's remove Nxt from the Coinmarketcap. It will be a problem of CMC who doesn't list one of the most popular cryptocoins, people will just move to its competitor who list all currencies.
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DiCE1904
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December 24, 2013, 04:28:41 PM |
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Thanks for adding next coin back to coinmarketcap
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mr_random
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December 24, 2013, 04:36:03 PM |
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Well done adding NXT back.
Do we have an official statement why it has appeared and disappeared several times? I assumed it was simply problems with the NXT client or blockchain.
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dE_logics
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December 24, 2013, 05:40:42 PM |
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As of the website -- coinmarketcap.com should show true market capital, not fakes from any website. Please take popular exchanges into account only.
Agree. Let's remove Nxt from the Coinmarketcap. It will be a problem of CMC who doesn't list one of the most popular cryptocoins, people will just move to its competitor who list all currencies. Actually, I got more evidence. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg703.imageshack.us%2Fimg703%2F9540%2F540e.png&t=665&c=2wjK9pilqwbSuA) Vol vs price. It appears the exchange is faking.
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Come-from-Beyond
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December 24, 2013, 05:43:24 PM |
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Vol vs price. It appears the exchange is faking.
Could u explain for blind people plz?
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guybrushthreepwood
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December 24, 2013, 06:07:35 PM |
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Vol vs price. It appears the exchange is faking.
Could u explain for blind people plz? Haha. Let me transcribe into braille. BRB.
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belltown
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December 24, 2013, 06:14:32 PM |
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Yes! Please add MemoryCoin 2.0 This is new innovative coin from the developer of ProtoShares. MMC is the next big thing in CPU coins.
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cycloid
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December 24, 2013, 06:24:57 PM Last edit: December 24, 2013, 07:12:54 PM by cycloid |
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As of the website -- coinmarketcap.com should show true market capital, not fakes from any website. Please take popular exchanges into account only.
Agree. Let's remove Nxt from the Coinmarketcap. It will be a problem of CMC who doesn't list one of the most popular cryptocoins, people will just move to its competitor who list all currencies. Actually, I got more evidence. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg703.imageshack.us%2Fimg703%2F9540%2F540e.png&t=665&c=2wjK9pilqwbSuA) Vol vs price. It appears the exchange is faking. NXT coin is created in to existence with 0 cost, given to selected group of people to be sold to public through their own exchange with complete advantage to selected few and you think you have evidence that they are manipulating price discovery? Say it aint so! I am starting to think coinmarketcap admin was given some of these blasphemous coins to add it back up... Also, with coins which come in to existence with 1 billion coins already made you cant take last 20-1000 trades and multiply that price using the rest of volume in order to come up with market cap, that is messed up in every way. You should only consider Coins for market cap which were sold SO FAR not how many devs are holding in their dirty hands... Why don't I create a shell company that issues 1 billion shares, then give them out to friends, selected investment advisers and sell 100,000+ on my own private stock exchange (which trades only this company's stock) starting with $1 price, to my own fake accounts and idiots who follow technical analysis to their grave. Does that make my company worth a billion $$$? Give your head a shake, seriously remove this nonsense or adjust the formula for coins with such insane initial distribution model. Kthx
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cycloid
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December 24, 2013, 06:52:37 PM Last edit: December 24, 2013, 07:18:56 PM by cycloid |
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Ok NXT market cap formula is 999,997,986 X $ 0.037 = $ 36,968,943
Using this formula the moment it hits $1 you will effectively rank it higher then Litecoin on market cap. Do you honestly not see a problem with formula used in this particular case? 999,997,986 coins were created out of thin air and never moved around or had any value put in to them, like electricity, mining equipment, human hours and so on.
You have to get a reliable feed/data which shows how many coins were/are sold on that stupid exchange they come up with and multiply that number by last price to get closer to real market cap. Although even in this case you have no way of knowing if they are cheating, considering they are all seeking financing benefit from it and are motivated to trade their own coins to bring price up. This particular coin, by design, is VERY different from normal coin distribution models and it HAS to be taken in to account or you are deliberately misleading people in the community with false data.
In normal cases all coins which come in to existence can be used for market cap calculation as they all have intrinsic value of electrical cost, mining, human hours and seek profit to cover initial cost of acquisition. Where NXT total coins are just there and are not in circulation until people get them at what ever rate these few a@$wipes will sell them at on their own exchange, meaning in this model these come in to existence after purchase and thus can only be counted in market cap after first purchase.
This is ridicules
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montecristo83
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December 24, 2013, 07:14:39 PM |
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Yes! Please add MemoryCoin 2.0 This is new innovative coin from the developer of ProtoShares. MMC is the next big thing in CPU coins. Yeah, please add MMC. It now has a block explorer, an exchange and a few pools.
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Come-from-Beyond
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December 24, 2013, 07:25:23 PM |
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Also, with coins which come in to existence with 1 billion coins already made you cant take last 20-1000 trades and multiply that price using the rest of volume in order to come up with market cap, that is messed up in every way.
I 100% agree. They should get rid of Bitcoin too coz of exactly the same point.
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Come-from-Beyond
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December 24, 2013, 07:27:26 PM |
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Using this formula the moment it hits $1 you will effectively rank it higher then Litecoin on market cap. Do you honestly not see a problem with formula used in this particular case?
I see this problem. I remember when Litecoin was pumped from 0.1$ to 5$ in no time. All cryptos has this problem. Sad that u point only to Nxt and don't talk about the others.
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pgbit
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Trident Protocol | Simple «buy-hold-earn» system!
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December 24, 2013, 07:49:47 PM |
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Yes! Please add MemoryCoin 2.0 This is new innovative coin from the developer of ProtoShares. MMC is the next big thing in CPU coins. Yeah, please add MMC. It now has a block explorer, an exchange and a few pools. Please add MMC 2.0 soon.
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| . SECONDLIVE | | | │ | | | | | | │ | | | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ S T A K E L I T T L E W I N B I G ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
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mr_random
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December 24, 2013, 08:02:00 PM |
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Ok NXT market cap formula is 999,997,986 X $ 0.037 = $ 36,968,943
Using this formula the moment it hits $1 you will effectively rank it higher then Litecoin on market cap. Do you honestly not see a problem with formula used in this particular case?
There is no problem with the formula, you clearly do not understand what market cap is supposed to show. Any of the founders who hold a large amount of coins can sell them whenever they want. If their coins become worth $10 million and they only want to sell 1000NXT that is up to them. Market cap reflects the overall market consensus of the value of the coin based on who sells and who buys. What about Satoshi who mined almost 1 million bitcoins? Or the Litecoin addresses that hold hundreds of thousands of Litecoin and haven't had any activity in them for a year etc. According to your own argument that would also make market cap invalid ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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testz
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December 24, 2013, 08:33:08 PM |
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Yes! Please add MemoryCoin 2.0 This is new innovative coin from the developer of ProtoShares. MMC is the next big thing in CPU coins. Yeah, please add MMC. It now has a block explorer, an exchange and a few pools. Please add MMC 2.0 soon. +1
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kisa2005
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December 24, 2013, 08:37:42 PM |
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Thanks Gliss for commenting on multiple ideas raised in this discussion! Not easy balance as there are many vested interests - many folks seem to prefer talking up their book and attacking the competors on here ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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linolis
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December 24, 2013, 08:45:42 PM |
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Yes! Please add MemoryCoin 2.0 This is new innovative coin from the developer of ProtoShares. MMC is the next big thing in CPU coins. Yeah, please add MMC. It now has a block explorer, an exchange and a few pools. Please add MMC 2.0 soon. +1 Agreed, MMC 2.0 would be cool
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IsaacGoldbourne
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December 24, 2013, 08:52:17 PM |
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Please can you add memorycoin. Would be nice to see a cpucoin that isn't a pyramid scheme up there:D
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Vote for me for CEO/CNO of MemoryCoin! CEO: MVTEceoa86dYRsxc2rWCexBMjJmaawMkHZ CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm
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KeyserSozeMC
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December 24, 2013, 09:15:40 PM |
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Add EarthCoin, EAC
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Hey, smexy. Don't waste your time. Time's precious.
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coininaction
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December 24, 2013, 10:51:38 PM Last edit: December 25, 2013, 02:01:42 AM by coininaction |
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Yes! Please add MemoryCoin 2.0 This is new innovative coin from the developer of ProtoShares. MMC is the next big thing in CPU coins. Yeah, please add MMC. It now has a block explorer, an exchange and a few pools. Please add MMC 2.0 soon. +1 // Please add MemoryCoin 2.0
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