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Leicester

๐Ÿ‘ค Speaker
1280 total appearances
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Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

They'll allow all sorts of fake pumps.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

They're reflecting a 30 cent price.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

You can't deposit on the damn thing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

I don't think you can withdraw on the damn thing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

Even if you could, nobody would.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

And I don't think anybody's buying there because the price hasn't moved from 30 cents.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

So if anything, they like the, Ooh, look, 30 cents.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

Coin market caps, like screw that bro.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

If I take all your prices, what coin market cap does is they ignore anything that's an extreme outlier because they treat it as it's not, this is not fair market.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

There's no way it's part of the market pricing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

So they're ignoring P2B.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

They're only considering all the remainder.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

And I guarantee you they're considering WeBot, even though they don't show it because it reflects fair market.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

And I guarantee you they're reflecting what's on the BlockDAX site because it's being sold.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

If you're offering it for sale, that's part of the market.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

You cannot just exclude what you're directly selling and say, well, these don't count because they're not the CEX.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

That's not the way CoinMarketCap works.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

It scans for anywhere that coin is being sold and it includes it in the price as long as it's close to what the going market rate is across all exchanges.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

So if I look at buy economy, they're just shy over two cents, under two cents.

Crypto Talk Radio: Basic Cryptonomics
Leicester On #BlockDAG Trying To Remove Fair Market Pricing (OOC)

Buy finance is about two cents.