Bitcoin Gold squeezing onto the Top 10 on what merits?

in #bitcoin7 years ago

Bitcoin Gold achieved a tidy feat of squeezing at Number 5 position. Some time ago, I wrote in PentaPrison that the top ten spots would one day be filled by Bitcoin varieties.
Screenshot_2017-11-27-21-44-27-423_io.coinCap.coinCap.png
My projection was a possible large company can make a Bitcoin derivative that will say mine only on their phone cpu (Snapdragon for example) or Xiaomi Pinecone. Then it will be a marketing coup, plus locking in loyal customers further since they will be glad to be buying the phones that will produce by mining coins that likely is useful for their ecosystem. Like loyalty points.

Well, that hasn't happened but what happened astonished even myself. Since pentaprison.wordpress.com was more a fictional writing platform. One point I recall writing was somehow if hashrate goes down, we could be using cpu and GPU again, so all the better. So what eventually happened is Bitcoin Gold, breakaway coin that allows mining on your GPU.

Now what merits is there to be in top five? Surely this market cap obsession is not quite the best measurement. A definitive measurement is to only tabulate coins that have been moved one time. Therefore an economic action likely took place with it. So reasonably, bitcoin Gold would have a low rank since hardly any of the coins are being sold or moved from one exchange or wallet to another.

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