Restoring crypto back to normal is possible

[Mighty_crypt]

Let's drop the fight between centralized and decentralized for a minute, we need to find way to clean up crypto space, hear me out

How good will it be if you can just tell random people to go to Coinmarketcap and pick coins on there? So good right?

I know crypto is freedom because of decentralization but the present problem can't be solved if we all give in to decentralized because of the freedom in crypto space, this is where I bring in binance exchange and team

Binance is centralized, I get it but what if binance do something very astonishing to coinmarketcap? For example like cleaning off bad projects from coinmarketcap and deal with fake volume exchanges by giving them their rightful rating

How good did this sound to you? Isn't this a very good way to start doing some clean up in crypto space? Binance CEO (CZ) can be crypto trust saviour, really the trust was lost since 2017 and things need to be restored.

You hate my post or you like it? Drop your thoughts and comments below, stay home and stay safe, good luck 👍

[tsaroz]

Blockchain and cryptocurrency are a revolutionary tech. What type of coins are needed or not needed would be defined by users and the market. The market is again influenced by various factors and different users would have different preferences.
The coins would also be contested depending on the genre, it would not be valid to compare bitcoin with Ethereum.
Whether Binance be trusted or not too depends on the users. And it's users who cleans up the crypto space not a company.

[cytpoway121]

Let's drop the fight between centralized and decentralized for a minute, we need to find way to clean up crypto space, hear me out

How good will it be if you can just tell random people to go to Coinmarketcap and pick coins on there? So good right?

I know crypto is freedom because of decentralization but the present problem can't be solved if we all give in to decentralized because of the freedom in crypto space, this is where I bring in binance exchange and team

Binance is centralized, I get it but what if binance do something very astonishing to coinmarketcap? For example like cleaning off bad projects from coinmarketcap and deal with fake volume exchanges by giving them their rightful rating

How good did this sound to you? Isn't this a very good way to start doing some clean up in crypto space? Binance CEO (CZ) can be crypto trust saviour, really the trust was lost since 2017 and things need to be restored.

You hate my post or you like it? Drop your thoughts and comments below, stay home and stay safe, good luck 👍

Your points are not bad or way off, but come to think of it, as individuals we have different views about several tokens.

For example, what is your definition of a bad project ? because in this space, we have seen projects with no product have a very high and reasonable volume and vice versa.
Trust in crypto currency has not dimished, because the total volume has increased over time, from 2017 till today.

And for my opinion, i think i am worried about binance monopoly, though it is helping the crypto space.

[batang_bitcoin]

No need to ask for hate or like about the post but certainly you are on point. If someone is asking what good coins to invest and you'll just throw him to coinmarketcap, that wouldn't be enough. You suggested a very popular crypto tracker but you might just ended up helping him to lose money because of the lack of suggestion. Going with the new management under Binance, it's on point that he might end up the scam coins listed there and throw somewhere where they belong. It will make the website greater if that's he will do. We know that CZ is a crypto warrior but he can also apply some of his agenda on this matter.

[Winscosinally]

Blockchain and cryptocurrency are a revolutionary tech. What type of coins are needed or not needed would be defined by users and the market. The market is again influenced by various factors and different users would have different preferences.
The coins would also be contested depending on the genre, it would not be valid to compare bitcoin with Ethereum.
Whether Binance be trusted or not too depends on the users. And it's users who cleans up the crypto space not a company.

Since many users likes following coinmarketcap it will make lotta sense if coinmarketcap is wiped clean of scam projects and fake exchanges with fake volumes, I believe many can't do without coinmarketcap even new developers trust coinmarketcap ratings

[Samayuki]

Let's drop the fight between centralized and decentralized for a minute, we need to find way to clean up crypto space, hear me out

How good will it be if you can just tell random people to go to Coinmarketcap and pick coins on there? So good right?

I know crypto is freedom because of decentralization but the present problem can't be solved if we all give in to decentralized because of the freedom in crypto space, this is where I bring in binance exchange and team

Binance is centralized, I get it but what if binance do something very astonishing to coinmarketcap? For example like cleaning off bad projects from coinmarketcap and deal with fake volume exchanges by giving them their rightful rating

How good did this sound to you? Isn't this a very good way to start doing some clean up in crypto space? Binance CEO (CZ) can be crypto trust saviour, really the trust was lost since 2017 and things need to be restored.

You hate my post or you like it? Drop your thoughts and comments below, stay home and stay safe, good luck 👍

Your points are not bad or way off, but come to think of it, as individuals we have different views about several tokens.

For example, what is your definition of a bad project ? because in this space, we have seen projects with no product have a very high and reasonable volume and vice versa.
Trust in crypto currency has not dimished, because the total volume has increased over time, from 2017 till today.

And for my opinion, i think i am worried about binance monopoly, though it is helping the crypto space.

I think the term trust by OP means investors don't trust new projects anymore, it same thing with coinmarketcap too since they are now listing new projects anyhow

[alan2here]

No need to ask for hate or like about the post but certainly you are on point. If someone is asking what good coins to invest and you'll just throw him to coinmarketcap, that wouldn't be enough. You suggested a very popular crypto tracker but you might just ended up helping him to lose money because of the lack of suggestion. Going with the new management under Binance, it's on point that he might end up the scam coins listed there and throw somewhere where they belong. It will make the website greater if that's he will do. We know that CZ is a crypto warrior but he can also apply some of his agenda on this matter.

Binance is trying to show strength in this market and the acquisition of Coinmarketcap has helped CZ become the richest man in this market. I think he is helping to make this market better and for sure there will be lots of good things going forward.

Of course, what I want is still to make a profit in this market and hopefully CZ will have many ways to make this market better in the near future.

[Febo]

Binance is centralized, I get it but what if binance do something very astonishing to coinmarketcap? For example like cleaning off bad projects from coinmarketcap and deal with fake volume exchanges by giving them their rightful rating
How good did this sound to you? Isn't this a very good way to start doing some clean up in crypto space? Binance CEO (CZ) can be crypto trust saviour, really the trust was lost since 2017 and things need to be restored.

No trust was lost when we trust the math. CMC lists everything that cant be compared. So the ranklist by marketcap is totally pointless.  Even Bitcoin have inflated marketcap because of Satoshi coins that never left wallets were they got mined to. To compare marketcap of an ICO with a PoW coin is total idiotism.

[smyslov]

Binance is centralized, I get it but what if binance do something very astonishing to coinmarketcap? For example like cleaning off bad projects from coinmarketcap and deal with fake volume exchanges by giving them their rightful rating

How good did this sound to you? Isn't this a very good way to start doing some clean up in crypto space? Binance CEO (CZ) can be crypto trust saviour, really the trust was lost since 2017 and things need to be restored.

You hate my post or you like it? Drop your thoughts and comments below, stay home and stay safe, good luck 👍

It's too early to say anything because the deal has just been closed, we need to see how things will turn out, what new features and guidelines, Binance will implement but you are right Binance can make something happen that will clean up the industry of bad projects and bad exchanges.

Once we see Binance roll out the guidelines and we see new features on Coinmarketcap then we can make an opinion.

[Finestream]

I am hoping that way that Binance will be able to improve the CMC and will eliminate on the list the exchanges that are faking their volumes.
they are the reason why people loss their interest investing in the market because they are used by scammers to run and IEO and list in their exchanges.

I do believe there are many scam exchanges out their and they are faking people.
So when CMC will eliminate them in the list, they will try to improve their exchange as not listed in CMC means their future is quite cloudy.

[thiscomm]

Decentralized crypto is a principle from the beginning of the creation of a crypto. and in my opinion all the newly created crypto are currently trying to make their coins decentralized like crypto kings. but seeing the current conditions that are only used to create and multiply money by users, I think the most expensive price is the most important thing than having to think about when the coins will be decentralized like bitcoin.

[lobo13hf]

Blockchain and cryptocurrency are a revolutionary tech. What type of coins are needed or not needed would be defined by users and the market. The market is again influenced by various factors and different users would have different preferences.
The coins would also be contested depending on the genre, it would not be valid to compare bitcoin with Ethereum.
Whether Binance be trusted or not too depends on the users. And it's users who cleans up the crypto space not a company.

Since many users likes following coinmarketcap it will make lotta sense if coinmarketcap is wiped clean of scam projects and fake exchanges with fake volumes, I believe many can't do without coinmarketcap even new developers trust coinmarketcap ratings

FYI CMC has 240 million traffic users in a month and that's a lot. When all of the scam projects will be wiped out by binance and that will bring crypto to the old ecosystem that there was no scam market and coin again. This must be done to restore crypto market will be going back again to the best way again.

[ethereumhunter]

If binance does something with the coinmarketcap, and that thing is about cleaning off the bad projects, then that step will be good for us. People will have a place to choose the project as their investment because they can choose a good project from that site. That will give less time for people to find what project suits them. So far, people having difficulty choosing a good project because almost all project say that they are good. At least, if that happens, people will be comfortable to find the project, and I am sure that they can save people's time to search for the right project.

[Mulann2]

Blockchain and cryptocurrency are a revolutionary tech. What type of coins are needed or not needed would be defined by users and the market. The market is again influenced by various factors and different users would have different preferences.
The coins would also be contested depending on the genre, it would not be valid to compare bitcoin with Ethereum.
Whether Binance be trusted or not too depends on the users. And it's users who cleans up the crypto space not a company.

I disagree with you, users can not do shit only big players and companies like Binance can rise to the occasion,   let's take this forum as an example,  tell me how has the users in this great forum been able to clean the scam project in this place? Least the moderators can do is red tag that project which has no absolute effect on the activities of the project both here in the forum and outside the forum,
I think with Binance stepping in as co-operative of cmc (if they are not taken over completely) it will do that place some good, there will be a total overhaul of cmc, make it worth investors time again, because they have the power to do so unlike the cmc users who can only complain.

[Ucy]

Well, I am not bother by the take over. Coinmarketcap is a centralized platform and need some good ordering.
If I were to order things on the platform, the well decentralized projects will be at the top while the centralized ones will be at the bottom. But I will develop a Blockchain standard for cleaning up the space. I will probably filter out the good projects and leave out(not delete) the substandard/bad ones on a different section. Decentralized projects will be probably labeled same as centralized ones.

By the way, relying too much on these centralized platforms not good for cryptocurrency long-term. There are lots of ways they can be abused and used against real projects.

[Jannyh]

Trusted experts in the crypto ecosystem, including known enthusiast of crypto are basically waiting for May 2020, when bitcoin's issuance rate—the speed at which new units enter circulation—is expected to drop sharply.  Against this backdrop,  we cannot readily make conclusion whether we will face bearish or bullish times.  However I think 2020 holds a lot of positive for crypto at the long run

[Balladtony77]

Not getting your token or coin listed on coinmarketcap is a problem for your new project because ultimately no one knows the project, it isn't going to be popular without getting listed on coinmarketcap, I will be happy to see a big changes on coinmarketcap

[palle11]

And it's users who cleans up the crypto space not a company.

I agree on this if investors can stop buying shit tokens. I remember I have done that as a newbie. I bought a shit coin that was already going to the grave. I regretted it because as soon as I bought it, the coin never came near my buying price, it just dropped till now that it has been delisted. So doing our research before investing is a way of clean up.

[Chuky92]

And what if Binance and its team starts exercising their power that it affects the idea on which coinmarketcap was built on? Am not against cleaning up bad projects from coinmarketcap if possible from the entire crypto community but think of it, who are those supporting these projects? That is to say, everything comes down to you and I doing the right thing by knowing a great deal of every project before we invest in (although we can't know all). Let coinmarketcap restructure their ideas if possible so that it can make projects and exchanges be on the right path and we will see the right things we are calling for.

[Teawhalee]

It's not as if coinmarketcap is intentionally giving wrong data's. It's what the exchange give to them that they will upload . Everyone is aware of exchange manipulation so it's not a new thing that coinmarketcap will now be the one to clear it off which is why some people think regulation is needed. I hope the crypto world won't later be a one man show. It has started playing out.