TokenBaby 1,403 Posted November 19, 2018 The whole "XRP passed ETH and is now #2" is getting annoying. It shows how immature and uninformed many in the "crypto news" space are. 1. XRP has been ahead of ETH for a very long time! In terms of market capitalization, XRP has been #2 (behind BTC) for a while! All XRP already exists (~99,991,780,039 left). The problem is sites like CoinMarketCap and others don’t show the whole picture. They only show "circulating supply." The problem with "circulating supply" is that it doesn't make any sense. What's the difference between hodling and escrow? Nothing, besides a smart contract expiration date. Which means everyone who hodls XRP in a wallet, should also not be counted in the "circulating supply." Again, this makes no sense. As you can see from https://xrpcharts.ripple.com/ the true market capitalization of XRP is ~49B, not ~20B as CoinMarketCap would have the world believe. 2. The way CoinMarketCap and others display digital assets is silly when you think about. What other asset class has a leader board? Where is the commodities leader board? Where is the stock leader board? 3. Ripple (XRP II) has more XRP than any other person or company. Do you think they care about market capitalization or do they care more about volume!? Market cap in the context of XRP is not the metric of importance; volume is. But try telling that to the crypto community. 13 12 XRPfan_Eelco, strikerjax, BruceWhale and 22 others reacted to this Share this post Link to post Share on other sites
itcdominic 1,313 Posted November 19, 2018 Well volume is up today $1.2B at this time 2 Cesar1810 and cryptoxrp reacted to this Share this post Link to post Share on other sites
titi2018 65 Posted November 19, 2018 (edited) don't forget 'xrp circulating supply' include founders under lock up agreements with xrp not on the market yet. Edited November 19, 2018 by titi2018 Share this post Link to post Share on other sites
Malloy 1,001 Posted November 19, 2018 (edited) I agree with CMC on this...even though you are also right...here's why.. This is a new paradigm...if we were talking about a company we'd say Authorized Shares vs Outstanding Shares....Outstanding being the ones already in the market and available to trade...Authorized is the maximum a company is allowed to "print" and add to the Outstanding... Since XRP is not a security and Ripple did not issue shares how to calculate market cap...by using Circulating supply... Same goes to all mining coins that have a maximum but have not reach it for example Bitcoin's market cap is 17 384 200 BTC * (today's price) and not 21 000 000 BTC... So...you either choose one or the other...since CMC has chosen to calculate on Circulating Supply I agree that it's fare to everyone even though you have to think different... Edited November 19, 2018 by Malloy 6 2 quetzalcoatl, thekiyote, keybordem and 5 others reacted to this Share this post Link to post Share on other sites
TokenBaby 1,403 Posted November 19, 2018 1 minute ago, Malloy said: I agree on CMC on this...even though you are also right...here's why.. This is a new paradigm...if we were talking about a company we'd say Authorized Shares vs Outstanding Shares....Outstanding being the ones already in the market and available to trade...Authorized is the maximum a company is allowed to "print" and add to the Outstanding... Since XRP is not a security and Ripple did not issue shares how to calculate market cap...by using Circulating supply... Same goes to all mining coins that have a maximum but have not reach it for example Bitcoin's market cap is 17 384 200 BTC * (today's price) and not 21 000 000 BTC... So...you either choose one or the other...since CMC has chosen to calculate on Circulating Supply I agree that it's fare to everyone even though you have to think different... I hear you. But in your words, they have already been "printed." They already exist. The difference with BTC is the mining. There are only ~17M today. The other ~4M don't exist. Share this post Link to post Share on other sites
Malloy 1,001 Posted November 19, 2018 1 minute ago, TokenBaby said: I hear you. But in your words, they have already been "printed." They already exist. The difference with BTC is the mining. There are only ~17M today. The other ~4M don't exist. Yes and no...they are locked and not released on the market...you really have to think different...it's like saying mining is just like a locked coin in time 3 elias, keybordem and thekiyote reacted to this Share this post Link to post Share on other sites
zenkert 14,052 Posted November 19, 2018 (edited) But, but when Moooooooooooooooooooooooooooooon ? OK OK, I settle for some . . . Edited November 19, 2018 by zenkert 1 fiik reacted to this Share this post Link to post Share on other sites
TokenBaby 1,403 Posted November 19, 2018 10 minutes ago, Malloy said: Yes and no...they are locked and not released on the market...you really have to think different...it's like saying mining is just like a locked coin in time It's essentially hodling with an expiration date. Based on this logic, are XRP that are held in a wallet also 'not released on the market' ? What about the 1B released from escrow each month? Does CoinMarketCap adjust for this? No, they do not. Share this post Link to post Share on other sites
Malloy 1,001 Posted November 19, 2018 5 minutes ago, TokenBaby said: It's essentially hodling with an expiration date. Based on this logic, are XRP that are held in a wallet also 'not released on the market' ? What about the 1B released from escrow each month? Does CoinMarketCap adjust for this? No, they do not. I believe you have to not calculate the Billions in escrow as long as they are not released in the market...but anyone that wants to calculate all XRP available should do the same with all coins with their Max Mining algo...CMC just didn't want to do this and I'm ok with it...some other website could do it the other way (for all coins) and that would be ok also... Share this post Link to post Share on other sites
TokenBaby 1,403 Posted November 19, 2018 Just now, Malloy said: I believe you have to not calculate the Billions in escrow as long as they are not released in the market...but anyone that wants to calculate all XRP available should do the same with all coins with their Max Mining algo...CMC just didn't want to do this and I'm ok with it...some other website could do it the other way (for all coins) and that would be ok also... Mining and "pre-mine" are different. I'd agree that for all "pre-mined" assets it would make sense. Nonetheless, https://xrpcharts.ripple.com has it right. Share this post Link to post Share on other sites
Malloy 1,001 Posted November 19, 2018 10 minutes ago, TokenBaby said: Mining and "pre-mine" are different. I'd agree that for all "pre-mined" assets it would make sense. Nonetheless, https://xrpcharts.ripple.com has it right. Not talking premine...we already now that BTC will have 21M coins in circulation "eventually"...same goes with XRP "eventually" Share this post Link to post Share on other sites
TokenBaby 1,403 Posted November 19, 2018 4 minutes ago, Malloy said: Not talking premine...we already now that BTC will have 21M coins in circulation "eventually"...same goes with XRP "eventually" Clearly you do not understand my point. One exists now, today (XRP), and one doesn't (BTC). There is no "eventually" for XRP!! It's already here today. This is my last reply. 1 WillGetThere reacted to this Share this post Link to post Share on other sites
Malloy 1,001 Posted November 19, 2018 11 minutes ago, TokenBaby said: Clearly you do not understand my point. One exists now, today (XRP), and one doesn't (BTC). There is no "eventually" for XRP!! It's already here today. This is my last reply. I understand you...I even mentioned that your pov is right (if you choose this pov)...but I and pretty much every web site in the world have decided that the best approach with crypto was to use "Circulating Supply"...so either you don't understand my/our pov or you choose not... Because you think some way doesn't mean everyone has to think your way and that doesn't also mean the way CMC and als chose is a hoax... 4 keybordem, lightbulb32, Dinoizzy and 1 other reacted to this Share this post Link to post Share on other sites
Hodlezerper 2,303 Posted November 19, 2018 1 hour ago, Malloy said: I agree on CMC on this...even though you are also right...here's why.. This is a new paradigm...if we were talking about a company we'd say Authorized Shares vs Outstanding Shares....Outstanding being the ones already in the market and available to trade...Authorized is the maximum a company is allowed to "print" and add to the Outstanding... Since XRP is not a security and Ripple did not issue shares how to calculate market cap...by using Circulating supply... Same goes to all mining coins that have a maximum but have not reach it for example Bitcoin's market cap is 17 384 200 BTC * (today's price) and not 21 000 000 BTC... So...you either choose one or the other...since CMC has chosen to calculate on Circulating Supply I agree that it's fare to everyone even though you have to think different... "Circulating supply" is nearly impossible to measure, though. You're trying to measure possible intent, rather than what actually exists. Even the escrow should be taken into account when people are considering purchasing XRP as they ARE and WILL be in play, as opposed to suggesting that they may or may not be based on terms you're unaware of. What about un-escrowed XRP that's effectively lost due to secret key being lost? We can't really account for that? I think it's more consistent, although imperfect, to consider the total supply Share this post Link to post Share on other sites
GiddyUp 4,022 Posted November 19, 2018 Meanwhile, coins in circulation continues to grow, and the pace is picking up considerably - the link contains screen shots of the ever-growing number... Share this post Link to post Share on other sites
