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Where I can trade NODE?
The community is aiming to trade node on bter.com!
You can vote here: https://bter.com/voting
I'm never gonna grade at bter again. They lost a lot of credibility during recent hack
https://nxtforum.org/news-and-announcements/three-solutions-proposed-by-bter-com-(200btc-deal-or-310btc-bounty-or-fork)/
https://nxtforum.org/news-and-announcements/forgers-have-been-faced-with-a-choice/
https://bitcointalk.org/index.php?topic=740147.0
And I think it wasn't the first time. It might as well have been an inside job.
Better watch out for some quality exchange, develop your own fiat gateway or try to use nxt AE multigateway.
agreed bter is just as good as dead.
I'm curious. Poloniex was hacked in March. Why aren't they dead and why are people still using them? Mintpal was hacked as well wasn't it? So out of the remaining exchanges that NODE could get on, maybe Cryptsy or Bittrex (shit coin and pump and dump haven) could be used as most others seem to have no serious volume or simply wouldn't take a new coin.
nxt multigateway is the most sensible way forward in such a situation.
taken from nem thread.. its the smartest and cheapest way forward.. (no trading fees bar transaction fees)
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the sooner NEM can be untied to NXT, the better..
what is happening with NXT right now is another good lesson to learn from.. well first of all the lesson is don't get hacked if you're an exchange and secondly, don't perform a rollback or hardfork for an exchange. it would just blemish the reputation of your coin, ala the great Vericoin bailout of '14.
what is happening with NXT right now is another good lesson to learn from.. well first of all the lesson is don't get hacked if you're an exchange and secondly, don't perform a rollback or hardfork for an exchange. it would just blemish the reputation of your coin, ala the great Vericoin bailout of '14.
This wasn't a fault of the coin though. It was the exchange.
This is why it's important nem gets on a number of equally popular exchanges on release. One exchange monopolizing the volumes can go belly up if they make even a simple mistake.
Do you not have to worry about those servers getting hacked then though and someone siphoning off trades midstream? (disclaimer - I know noting)
3 people will be in control of a server each.. as long as you trust that the 3 members will not collude to steal the funds with in the servers then your coins are safe.. as far as i know, all three servers would need to be hacked simultaneously in order for someone to steal the coins.. its not entirely decentralized, but it is magnitudes safer than traditional exchanges... preferably you get people with a vested interest in the said currency/platform to be in control of the servers.
for example in nxt, its going to be james, the owner of nxthaus (new nxt exchange in the making) and cant remember who else.. the reason these were chosen as the right people is because they all have a huge vested interested in not stealing the coins.. james has coded the damn thing and has a reputation to protect and is also heavily invested in nxt and multigateway assets and therefore has to protect the interests of the buyers of MGW asset.
the owner of nxthaus would never mess with servers as he has a vested interest in being seen as trustworthy, cos if hes not, no one will use his new exchange. the same applies for the other guy ie. high vested interest or is very trustworthy already.
you only have to trust that 2 of the 3 wont collude.. one malicious server maintainer cannot steal the funds alone.. he may be able to fek up multigateway so it stops working but funds cannot be stolen or accounts miscalculated. so even if one entity isnt trust worthy your coins are still safe..
if centralised exchanges used multigateway for their back end stuff, the odds of these hacks stealing millions would not be a concern any longer..
This is not so good idea, let's stop trading one coin through the another one coin
NODE haven't any relation with nxt
just stop promotion nxt in every big coin thread, ok ?
As well, I don't think that it is very good idea to trade NEM and of course NODE in nxt AE, cause it hurts NEM(and other coins) when nxt like ussualy has problem- OK?
Developers of any new coin should think of ways how to prevent such scenarios in the future. That's not just nxt promotion. We should consider every alternative to centralized exchanges.
