There is a big difference between POW distribution and a currency where most of it is POS premine.
Following your logic I could create a new POS coin, get a small group of adopters willing to invest in it, say the other premine coins are held by secret investors and instantly beat BTC market cap.

I am not suggesting that paycoin should be limited forever but only that we need more careful analysis of what is going on before using faith in one companies claims.

I just created a coin called POShitcoin, sold  5 to my brother for 10 dollars each. The rest are held by "private investors" and there are 1 billion coins total. So by your logic my marketcap should be 10 billion right?

You understand there are different ways to consider marketcap and not everyone has to follow your guidelines right? Perhaps one of coinmarketcaps guidelines is to try and verify the claims and do a little due diligence first before suggesting a coin has one of the largest market caps?


They list your coins:
12,343,204 XPY total

http://coinmarketcap.com/currencies/paycoin2/

With the amount of last minute changes, false statements and exaggerations coming from that company , It is prudent and wise to wait a few more days before making any changes to confirm everything.

I understand you have drunken the koolaid and are upset , but the rest of us who aren't brainwashed have some serious concerns and think it is wise to proceed with caution.

With the amount of last minute changes to this launch, can you blame them? This is a highly unregulated IPO/ICO which may even be illegal. What is wrong about being careful? There are many unanswered questions that create large red flags  like -
https://hashtalk.org/topic/24461/can-we-see-the-registration-as-msb/2



Why don't you create a competing site that uses simple math to compare coinmarket caps. Coinmarketcap has different metrics to judge how many coins are in circulation than you. They aren't counting over 2/3rds of ripples either.

A Better judge of a coins strength would be an algorithm that compared price to average daily liquidity because Bitcoin's 4-5 billion market cap is bullshit as well.

There is no secret that they calculate market cap on their perceived available supply after they investigate. This is the same for all other coins.

You seem to have a sense of entitlement into thinking that a free website should hurry up or just have faith in a botched IPO which is now on its 3rd last minute hardfork -
https://hashtalk.org/topic/24985/pow-to-pos-change-over-should-be-in-progress/52

The rest of us are more reasonable and want to do a bit more research and verify all the claims made.

You appear to have a nervous sense of urgency that is very telling. All will get sorted out in time. Lets see how this launch goes first.

I would recommend that coinmarketcap wait even longer(1 to 2 more weeks at least) and verify some of the underlying claims.

  

As long as it is not stated on the homepage it is a secret.
If you trust XPY or not, cap is the same. If you like/trust GaW, XPY, MS, apple, exxon or whatever company or coin has ZERO relevance for their market cap.

Who is "the rest of us"? You can speak for you alone and no one else.

XPY Available supply now reflects the amount in circulation as shown on the block explorer: https://chainz.cryptoid.info/xpy/


Numbers aren't manipulated.  Excluding the amount held by the issuers is just another useful way to calculate a market cap:  http://en.wikipedia.org/wiki/Public_float

If you want to see rankings based on the total supply issued, there is special view for that:   http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

Your numbers are still wrong. According to your last post that i quoted here, the issuers (GaW) hold 7 million XPY. Thats not true.

Just lost all my respect CoinMarketcap. shouldn't of been strong armed with how you calculated paycoins market cap

Disappointed here too, I sort of consider them the authority on it. Shame it appears some type of change took place for maybe marketing or other reason. I'd be nice to get a statement on what the situation was with it.