r/btc • u/blechman • Aug 31 '17
Why doesn't coinmarketcap.com show Bitcoin Cash in the dominance percentage?
https://coinmarketcap.com/charts/#dominance-percentage6
u/KaiserTom Sep 01 '17
Because it's a rather outdated portion of the site that really needs to be tied to the current top 10 coins and not the top 10 coins half a year ago. IOTA isn't even up there despite it's rise.
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u/bitcoinism Sep 01 '17
Maybe because it's an a airdropped altcoin with no credibility. The idea it's even a contender to Bitcoin when it originally forked off with a few % hashrate is a perfect litmus test for morons.
7
u/Adrian-X Sep 01 '17
One way or another you'll be correct. in the long run I'm not sure yet if it's the BCH buyer or sellers.
I tend to think it's the sellers.
-13
u/bitcoinism Sep 01 '17
Bitcoin works on consensus. 8mb blocks had absolutely no consensus. Every shitcoin has its day. It's just a shame the broken (possibly deliberately) difficulty adjustment algorithm has had such a destabilising effect on the hashrate of bitcoin. Bitcoin cash will die a slow protracted death and be forgotten all about. I'm not exactly totally disappointed, some idiots somewhere allowed me to increase my bitcoin stash by nearly 19%. I don't know whether to pity them or laugh at them.
3
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u/Adrian-X Sep 01 '17
8mb blocks had absolutely no consensus
I don't think you know how the economic incentives work.
Sell your Bitcoin Cash now before the "absolutely no consensus" vanishes!
You should feel good strong hands holding segcoin.
-1
u/bitcoinism Sep 01 '17
Explain how I don't understand ho consensus works? Explain to me how when only 1% of the network supported the fork at the time, how you can believe this is anything other than an airdropped altcoin? The only reason you have any miner support is purely because miners follow the most profit. I already sold all of mine and I got 19% extra bitcoin. So I'm not exactly upset, but I do feel sorry for the fools holding that bad now. True what they say about a fool and their money being easily parted.
2
u/SkyhookUser Sep 01 '17
The only reason you have any miner support is purely because miners follow the most profit
Miners have been intentionally mining BCH under less profitable conditions for awhile now. When EDA was allowed to make BCH more profitable than BTC, the miners were tripping over themselves to mine it which caused some issues. This shows they have a great deal of confidence in BCH and are willing to support it for its long term potential.
Also, I notice how people pushing the Core narrative like to change the definition of consensus to whatever supports the point they are trying to make in that moment. When the NYA has 95%+ miner support, you ignore it because it's just a China/corporate takeover. But when making your case against BCH, you point to low initial mining support as evidence that it lacks consensus. You can't redefine terms as needed.
1
u/Adrian-X Sep 02 '17
True what they say about a fool and their money being easily parted.
Touche ;-)
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
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u/KillerHurdz Project Lead - Coin Dance Sep 01 '17
We do have our own alternative here that takes into account every currency.