Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
boomboom
on 07/11/2018, 04:14:07 UTC
https://www.collinsdictionary.com/dictionary/english/out-of-context

You quoted me by cutting out everything that explained why the rankings are meaningless because you wanted to make me look stupid. Let me explain you again: if the prices of almost all cryptocurrencies dropped over 90%, but also a lot of new cryptocurrencies were created during the bull-run then did Byteball dropped in rankings because it lost a lot more in price or because a lot new cryptocurrencies were created. That's why rankings are meaningless, because rank 51 and 52 itself doesn't tell you anything besides the order of marketcap size.

Oh come on bro, editing reply posts to make them more readable is standard practice on forums, don't be a dick

Your logic is flawed, I can find numerous examples of coins that have stayed in the top50 for years now,  despite all the new coins, BUT, during this same period byteball dropped approx 150 ranking places, and you say that is meaningless ... XMR, NEM, LTC, Dash are all still top20,  most next tier coins down to rank 50 are relatively stable in rankings too. Yes, prices have tanked for everything, but CMC rankings are quite stable especially the top50, despite all the new coins.

CMC ranking is an important metric, especially over time.

Your logic is ridiculous if it doesn't recognize a ranking drop of  approx 150 places is very meaningful,  some new projects struggle for recognition which explains their low rankings, BUT byteball was a top50 coin (not exactly sure what the highest rank BB achieved was), it was highly visible with lots of support, and then BB LOST it, people who liked Tony as a dev, and the tech itself have stopped supporting. That is clearly shown by the ranking drop of 150 places on CMC, and it's meaningful, despite all the obvious flaws with young crypto markets.