Post
Topic
Board Service Discussion
Re: CMC's new ranking approach kicks in Sep 2
by
o_e_l_e_o
on 01/09/2019, 12:39:55 UTC
My suggestion is to remove the volume that is held outside free-float and in cold storage from the calculation of market capitalization. In the case of Bitcoin, that would mean excluding the "lost" coins (including the BTC980,000 being held by Satoshi) and exchange coins that are being currently held in cold storage.
Not a feasible solution. It's impossible to tell which of the early blocks were mined by Satoshi, and so it is impossible tell how many coins Satoshi is holding. It is equally impossible to tell how many bitcoins have been "lost", and how many coins are in cold storage" Furthermore, just because a coin is being held doesn't mean it should be excluded. What would your "cut-off" for inactive coins be? 6 months? A year? 5 years? Just because someone is waiting for the right price to sell, doesn't mean their coins magically no longer count. Lost coins (including Satoshi's) could re-activate at any time.

The article states that tomorrow is just the main announcement. The liquidity based metrics don't actually go live until November 12. Will be very interesting to see what happens which obviously have a ton of fake volume, such as BCH and BSV. Might finally get some of these obvious scam coins out of the top ten.