I s there any idea when the circulating supply of BTX is going to be fixed?
I think they have no idea about UTXO (unsent transaction outputs) imports. How they work and why to add them to circulating supply. The only compareable coin who did the same distibution is CLAMS (as far as i know) and if you look, the same issue with the circ. supply there.
I found something written by Jimmy Song the Editor of Bitcoin Tech Talk:
https://medium.com/@jimmysong/bitcoin-diamond-super-bitcoin-bitcore-what-you-need-to-know-f49c35688a39Bitcore is something thats between a hard fork and an airdrop. BitCore (BTX) basically took the UTXO set from Bitcoin, compressed the outputs for each address and distributed on their chain. In laymans terms, they cleaned up the ledger (blockchain) so that its a lot smaller.
This is the most clever of the hard forks in that it doesnt require the Bitcoin blockchain like other hard forks do (120GB+!) and at least innovates by cleaning things up a little. Unfortunately, distribution on this coin is a bit stingier as you only get 0.5 BTX per 1 Bitcoin you had as of block 492820. They have a continuing airdrop going on, so theres also that aspect which helps the coin.
The compare of hardfork and airdrop towards UTXO import shows me that this amount really should be added to circulating supply.
https://en.wikipedia.org/wiki/List_of_Bitcoin_forksOne thing that has become clear to me is that coinmarketcap is being ran by an incompetent person, the last pages are full of proof of that.
It's always a shame when you see dumb people ending up in positions of power, and attempt to ruin it for the legit ones.
But it will all come back and bite them in the ass soon enough, good will win over evil.
This was just the first bitcoin dev to speak up. When more big names speak up, they will all become aware of how coinmarketcap operates.