Quote from: KingScorpio on October 30, 2017, 04:22:46 PM

why? because people will continue to accept the fraud that the top 100 cryptocurrencies can keep themselves intact via privileged massmedia propaganda and energywasting? or via a syndicate like established media system (coin listenings at coinmarketcap) the point is that the current media propaganda also creates their reality, bitcoin was worth at the beginning 0 and only the claim it is worth something caused it to be belived to be valuable today.

i expect in the future not just currencies to start decentralise but also mass media focus and "expert opinions" attention. even facts will become decentral because claimed facts also create reality.

this will then lead of course to a collapse of the current cryptocurrencies that are in an advantage due to the mass media privileged attention that they currently enjoy

lets see how they will do then.

PS: if those at the lower end of Coinmarketcap would be smart and i think soon they will. they simply create their own Coin market caplist with their own facts to make those facts then a reality. Since we decentralise currencies, why not also decentralise facts too.
no one knows where those volumes of bitcoin ehtereum and else comes from, they could have been faked at the begining between smaller groups.
this facts splitting is in my oppinion sooner or later unavoidable it will happen and the market will divide.

regards

This post got me thinking and checking from coinmarketcap website how these are calculated ... It turned out that they are simply multiplying price and circulation supply (https://coinmarketcap.com/faq/ ) So, if you have a coin and it's traded somewhere publicly and you search the supply, you realize they can't make those market caps out of thin air. (Theorethically it would be possible to leave some coin out of the list but I won't see why someone would cheat that way round.)