Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
shaydinblue
on 13/06/2020, 03:09:11 UTC
@dzimbeck Sorry, I didn't mean to say that you personally were being deceptive and I didn't mean to communicate it that way. I was referring more to the community as a whole and perhaps deceptive was too strong of a word. I do still believe that is it somewhat disingenuous to try to get prospective new users/traders/investors based on a high total market cap that really does not exist. People might feel they got trapped in a small cap coin with limited liquidity when they thought they were in a medium to large cap coin based on the market cap (these people failed to do their own research). Or worse, someone that is actually doing the research before investing may discover that the true market cap is drastically lower than the one he heard about from someone promoting BAY and then choose not invest because BAY was being represented to him/her using a false metric. That would definitely turn me off as a new investor. Maybe some key metrics like current peg index and circulating supply on the Bitbay website could help to avoid some confusion