Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
Not all "premines" are necessarily bad. Not all alt-coins are crap. Let the market decide.
I'm wondering how much Solarcoin is a factor in this myself.
Listen, there's no perfect way to do this.
Yes, premined coins which are held in reserve can make a coin appear higher in the rankings. However, that's really irrelevant, because if all of those premined coins were dumped on the market at once, the coin would drop to the bottom of the rankings.
There's no way to know how many coins are available. You just don't know who owns them and what their intention is.
You can look at the blockchain and see total supply, and you can look at the exchanges and see price. Everything else is conjecture.
Sure, make an option to filter out coins with sizable premines, just like you can filter out non-minable coins.
Coinmarketcap is a cool site and I check it daily. Keep up the good work.
I'm wondering how much Solarcoin is a factor in this myself.
Listen, there's no perfect way to do this.
Yes, premined coins which are held in reserve can make a coin appear higher in the rankings. However, that's really irrelevant, because if all of those premined coins were dumped on the market at once, the coin would drop to the bottom of the rankings.
There's no way to know how many coins are available. You just don't know who owns them and what their intention is.
You can look at the blockchain and see total supply, and you can look at the exchanges and see price. Everything else is conjecture.
Sure, make an option to filter out coins with sizable premines, just like you can filter out non-minable coins.
Coinmarketcap is a cool site and I check it daily. Keep up the good work.
This is how I feel. All coins deserve to be listed, it's just a matter of presenting the information that's fair and consistent. Adding filters just feels like a bandaid to me and is not a real long term solution.
My comment is aimed at the bold section in markymarks post. You are adressing the issue there. If the premined coins had been in sirculation the price would not have been the same. That is exactly why the premine cant be a part of the marketcap.
Regarding auroracoin you can fix it really easy. Auroracoin got a counter at their webpage with the number of realeased coins from the premine. Update the total number of coins a few times every week and you have the real data and the real marketcap.