CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!

[werrindor]

Ok, removed premine designation from BCN.

Finally, thank you so much!
Justice exists!

[greenteanosugar]

Ok, removed premine designation from BCN.

They say that good news could bring you back to life. They are right.

[DNScode]

Ok, removed premine designation from BCN.

They say that good news could bring you back to life. They are right.

Wow. Didn't know that BCN status is so important for you.

P.S. God save the Gliss. Hope that wise administration of CMC won't change their mind

[JunkieMiner]

Ok, removed premine designation from BCN.

Finally, thank you so much!
Justice exists!

Incredible! At the beginning of this story i thought that BCN will never throw that stupid premined status away (and this fact was literally killing me). But now you show me and my friends how careful and smart people can be.

[rethink-your-strategy]

Ok, removed premine designation from BCN.

You disappoint me, Gliss. Everyone with half a braincell more than that fat French fuck know that Bytecoin was unacceptably mined:

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#bytecoin
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#bytecoin1

We can debate the nuances of the term "premine" all we want, but either you need to copy what CoinGeck are doing and not list Bytecoin entirely, or it needs a flag of some sort to indicate to new investors the danger inherent in taking the information on your site at face value.

[mrcashking]

Can you guys add the Bittrex.com Volume for WankCoin on Coinmarketcap.

[agran]

https://bter.com/trade/qora_btc

[statdude]

Does admin or anyone have historical records of the values on CoinMarketCap? I'm trying to graph them for everyone to see. Thanks!

[darkota]

Ok, removed premine designation from BCN.

You disappoint me, Gliss. Everyone with half a braincell more than that fat French fuck know that Bytecoin was unacceptably mined:

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#bytecoin
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#bytecoin1

We can debate the nuances of the term "premine" all we want, but either you need to copy what CoinGeck are doing and not list Bytecoin entirely, or it needs a flag of some sort to indicate to new investors the danger inherent in taking the information on your site at face value.

+1

[oda.krell]

I feel sorry for Gliss, and that he has to make a call about this whole 'BCN premined or not' debacle.

He has to decide what is FUD, what is counter FUD, and what are facts. Not an easy choice.


That said, I'd like to at least make my own voice known in here (for whatever that is worth to Gliss) that the "two stars of premine shame" for BCN were deserved after all.

There is little evidence that the coin was advertised widely before a substantial portion was mined, so even if it was never the intention of the devs, it effectively is a premined coin.

[marine4u]

Ok, removed premine designation from BCN.

You disappoint me, Gliss. Everyone with half a braincell more than that fat French fuck know that Bytecoin was unacceptably mined:

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#bytecoin
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#bytecoin1

We can debate the nuances of the term "premine" all we want, but either you need to copy what CoinGeck are doing and not list Bytecoin entirely, or it needs a flag of some sort to indicate to new investors the danger inherent in taking the information on your site at face value.

+1

The biggest danger for a coin is a developer who runs out off on his own coin.

[newIndia]

I suppose coinmarketcap.com is calculating like this...

Market Cap = Price * Available Supply

But, while I was checking this for Dogecoin, I see the following...

Price = 0.000277 USD

Available Supply = 84788956277

Market Cap = 23494291 USD

But, Market Cap was supposed to be = 23486540.8887 USD

May I know the reason for this discrepancy ?

[Jcw188]

Why don't we all just stop giving a damn and give Gliss a break, guys? I (and some other guys too) researched the situation a bit and found out that BCN was deepmined for two years in the Darknet by a group of about 200 miners. Whether you want to call it premine is highly questionable and ultimately irrelevant, as (**) is there to protect investors from scams of all sorts.

But for whatever reasons the developers and deep web community they started with wanted the degree of control over the coin the deepmining decision provided, it's got to be something other than a pump-a-dump scheme that everyone's implying, because BCN isn't a mere fork of Bitcoin: the amount of time and financial resources invested into the underlying CryptoNote technology outweighs the possible benefit from a simple scam.

The amount of investment is, I feel, the reason for their wish to manipulate the coin to some degree, as the developers have a certain vision for their brainchild's further fate and don't want it determined by random influences. So if I were Gliss, I would do just the same: instead of arguing non-stop about preminine or not and getting bogged down in aimless quarrels, I'd just look at the root of the problem and make the same decision.

[DwaineSternlieb]

Why don't we all just stop giving a damn and give Gliss a break, guys? I (and some other guys too) researched the situation a bit and found out that BCN was deepmined for two years in the Darknet by a group of about 200 miners. Whether you want to call it premine is highly questionable and ultimately irrelevant, as (**) is there to protect investors from scams of all sorts.

But for whatever reasons the developers and deep web community they started with wanted the degree of control over the coin the deepmining decision provided, it's got to be something other than a pump-a-dump scheme that everyone's implying, because BCN isn't a mere fork of Bitcoin: the amount of time and financial resources invested into the underlying CryptoNote technology outweighs the possible benefit from a simple scam.

The amount of investment is, I feel, the reason for their wish to manipulate the coin to some degree, as the developers have a certain vision for their brainchild's further fate and don't want it determined by random influences. So if I were Gliss, I would do just the same: instead of arguing non-stop about preminine or not and getting bogged down in aimless quarrels, I'd just look at the root of the problem and make the same decision.

boo poor Gliss, BCN devs probably bought him, this makes NO sense...

Yes, BCN bought Gliss. Then they bought theymos. They're so rich, they've bought a villa on Mars and are now building the shuttle to get there and keep on buying everyone in Solar System.

Some people suspect they're involved in Boing disappearance and revolution in North Korea:
http://cointelegraph.com/news/111356/a_report_from_beneath_my_tinfoil_hat_obama_visit_reveals_illuminati_war_against_masons

What's your price by the way?

[DwaineSternlieb]

are you a BCN dev, or did you created an account just to post that lol
btw the illuminati is real 

I know they are, I've dealt with them. Hence, a friendly advice: when they'll approach you with their offer, ask for the highest price you can imagine: in my case they've agreed with the first number I named. Don't repeat my mistake and sell yourself too cheap.

[darkota]

The plain truth is that bytecoin bcn has used very dishonest marketing, including an army of shills, a very hidden launch that was, in effect a huge premine, and various attempts to confuse people with the other bytecoin bte.

When the people running the con decide to cash out a lot of people are going to wonder how they got fooled.

One of the ways is that a site which is trusted to cover the back of less knowledgeable people instead decided to yield to some unknown pressure and go against the most basic common sense.

Perhaps another solution might be a third designation on coinmarket cap, something that does not specifically mean unmineable or premined but simply indicates the coins status is being researched and buyers should do due diligence.

Well Bytecoin has had a premine of over 82%

If anyone of those preminers decides to even sell 1/8 of his premine, Bytecoins price will drop to less than 0 satoshi aka become worthless.

[Rias]

It's funny that all people against Bytecoin are just posting bullshit, while their opponents at least provide proof links for their arguments.

[darkota]

It's funny that all people against Bytecoin are just posting bullshit, while their opponents at least provide proof links for their arguments.

The Bytecoin blockchain shows the 82% premine my friend...It's been looked at by many cryptographers...I don't get the point of denying what's fact and in front of you.

Your own coin's blockchain shows how it was mined from 2012 to 2014 when it was known only by a few people, and how that small group of people mined over 82% of the coins supply in that time. There's nothing to argue with there, since all the evidence is in the Blockchain!

[phzi]

It's funny that all people against Bytecoin are just posting bullshit, while their opponents at least provide proof links for their arguments.

No... The majority of ByteCoin was dishonestly mined, very likely in a short period of time with artificially inflated time gaps, at extremely low difficulty.  The evidence is in the blockchain - nobody if going to draw you a picture if you're too blind to see it.

I won't be visiting coinmarketcap.com again until BCN is either de-listed or has a ** of shame.  

I view this as nothing less then complete dishonesty on coinmarketcap's part.  Shame on you, coinmarketcap...

---

TL/DR: De-list BCN, FFS...

[oda.krell]

It's funny that all people against Bytecoin are just posting bullshit, while their opponents at least provide proof links for their arguments.

Oh, that's okay... no need to link to anything. I can do it right here...


Fact #1 (Widely known) announcement of BCN on bitcointalk: March 12, 2014





Fact #2 Quantity of issued coins as of March 12 2014: ~147 billion.





Fact #3 Total number of coins to be issued: ~184 billion.






Conclusion: 147 billion out of 184 billion ~= 80% BCN mined before widely known release, i.e. effectively pre-mined.


Questions?



EDIT If I take the April 2013 Google search spike for 'Bytecoin' as evidence that there was some awareness of BCN at that time, a year before the bitcointalk announcement...





... then it's still a 97B/184B ~= 53% pre-mine.