I know the guy running coinmarketcap.com.  He added the total market cap of all crypto currency stat at the bottom, based on my request.


Everyone send me any changes that need to be made (such as specific URLs) and I can forward these on to him.

Oh, and by the way, if anyone is willing to sell me a lot of BitShare X at anywhere close to that price, please contact me ASAP.


Brent

  Cool, well I guess there are a few options

1) Remove Listing till an exchange is allowing withdrawals and deposits

2) Keep listing as is & inform investors with notices and stickies on every forum & X related websites that there is only a small % of the total available to trade and that the current CAP might not reflect true supply and demand.

3) Keep it as is and don't do anything

4) Adjust the CAP to reflect the amount on the exchanges (This would be wrong in my view as most participants are trading on the knowledge it is a small portion.)

-----

Personally it's a rock and a hard place but I would vote for 1 & if not no.2 but obviously for others to decide.

(The problem with doing nothing is if people buy at these prices and it goes up when transfers are possible, no worries, but if the price goes down (or spikes and then goes down) when transfers become possible you will not hear the end of it from even a handful of people who felt they were conned & not clearly informed that the coinmarketcap listing was disingenuous. If we didn't do no.1/2 then I feel those disgruntled people would have a right to feel disgruntled & I wouldn't try to defend DacsUnlimited actions in that case. Dacsunlimited thanks to BitShares currently has a very good reputation in the market so no need to risk tarnishing it even a bit at the start.)   

Delegates should be doing damage control right now imo.

I would post on every forum especially BTT and let people know there is only a small float on the exchange. Even more important than info on the website is a big alert on bitsharesX info site that lets people know there is only a small float. (They are welcome to buy but only when deposits and withdraws are available will we see an accurate demand and supply picture.)

I see , so we must wait for the market to be stabilize so we can gauge the true worth of BTSX.

Yes, I would wait till the first exchange was letting people deposit and withdraw BTSX from their wallets but that's just me. I don't know how other people feel.

Why do we need this? Why not just BTSX? Consider what units you are comparing to:

Bank of America Stock  - 6 syllables
bee tee ess x  -  4 syllables

BitShares X is the network
BTSX is the unit


Don't fix what's not broken

Because X can be used as a functional currency, I think we will be comparing it more to the likes of Dollar/Euro/Pound/Yen than 'bank of america stock'   

However I think BTSX is fine and I think people may just start referring to it as 'X' which I think is pretty cool.

Minerva          (Etruscan: Menrva) was the Roman goddess of wisdom and sponsor of arts, trade, and strategy
http://en.wikipedia.org/wiki/Minerva

Fortuna          (Latin: Fortūna, equivalent to the Greek goddess Tyche) was the goddess of fortune and personification of luck in Roman religion. She might bring good luck or bad: http://en.wikipedia.org/wiki/Fortuna

Auroracoin example of big Sharedrop vs. alternative - 

If someone said to me - 'Iceland is ripe for bootstrapping a crypto-currency, they've recently experienced huge economic upheaval and still have capital controls in place.  They also only have a small fairly wealthy population of only 320 000 that would be easy to effectively target.' - I would agree.

But when they said we're making 'AuroraCoin' and giving 50% away in Sharedrops - I just laughed. Some (On this forum) also got excited about the guys bootstrapping Silicon Valley with a 50% Sharedrop coin,  but again I find the idea crazy. (Then people say oh if only they'd done the Sharedrop this way or that way, or supported them like this, it would have been better, but I'm still mostly sceptical.)   

If however someone said - we're making 'ICE-Coin'

Instead of a benefactor getting half the developers equity and trying to make a price floor as you're suggesting, I would have - 'We have a benefactor who's given us $250 000 for 5% equity.'
$50 000 is being used to purchase 10 'ICE-Coin' branded ATM's & rent space in 10 of the most popular locations around Iceland for a year.
$50 000 is being spent renting two billboards, one on the main road from the airport and one in the main high street advertising Ice-Coin for 12 months.
$100 000 is being targeted at incentivising smaller retailers, hotels and travel agents to trial 'ICE-Coin' payments and advertise at their store fronts for a year. So far we have Z, B & Y on board...
$50 000 is being spent on creating two Icelandic videos, one a 30 second advert which will be played on radio & TV for three months.
We're  giving 10% of the equity to Hagar, one of Iceland's biggest retailers in exchange for agreeing to trial ICE-Coin as a payment option for the next 12 months. 
2.5% is being made available via a faucet  and we're going to give 1.5% equity a year to charitable & popular Iceland based causes based on shareholder votes. 

40% of equity is being divided between AGS & PTS as we are using their DPOS Blockchains and Toolkit & they provide a strong distributed base of shareholder support and ensure that our benefactor and retailers who are given equity don't have a stake that is big enough to manipulate or control the currency. We are announcing a snapshot to take place in one month from PTS allowing other interested parties to get on board and sell their PTS afterwards if they wish. The remaining 40% of the equity is being released via delegates over 5 years to be directed at activities shareholders feel is best suited to developing ICE-Coin.

Now you actually have some sort of a currency that might be able to bootstrap itself in Iceland that I would consider buying.

Even better news if Ice Coin launched at the same time as AuroraCoin -
'Hey guys some people think you can bootstrap a currency by giving away 50% of the equity! Obviously this will result a fairly worthless crypto but hopefully it will make some people aware of crypto-currency so the advertising will certainly be useful to us! In fact we're offering a service encouraging people to claim & quickly sell their free Auroracoins while they still have value and exchange those free Kr. into ICE-Coin - A currency which actually has a strong stable shareholder supported value, is useful within Iceland and has an effective business plan to grow and benefit Iceland.'

I know most people here who favour sharedrops agree most of the previous attempts have gone about it the wrong way, but I'm just tying to communicate the idea that shareholder equity can be spent in ways other than sharedrops (though I'm not against reasonable faucets & charity of up to 5% total equity.) & the amount that would be wasted on 'free marketing' can be put to better use. And personally I would be more fearful of forks that use shareholder equity to implement a credible business plan vs. giving most of it away when AGS & PTS already gives you a strong supportive base and can bring in 100's/1000's of new people via a PTS Snapshot announcement. 

Edit: So you have to pay at least the basic transaction fee to activate an account name? Good if that's the case.

That could be a good marketing tool I think, people downloading just to lock in a cool name for themselves, even more than the faucet.