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Author Topic: Exchanges make 1million per month on POS dumping.  (Read 937 times)
furcointalk (OP)
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October 24, 2014, 06:42:00 PM
 #1

Where is our cut? POS payments should be paid out to coin owners, just like dividends.

Instead, exchanges take that POS payout and dump it into the market each and every single day.
We are taking about real money here, one millions every single month, free money for the exchanges.

As customers, We have to change this practice.
jotaceo
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October 24, 2014, 06:45:31 PM
 #2

Easy. Don't keep POS coins on exchanges. Send them when you want to sell them.
Palmdetroit
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October 24, 2014, 06:47:53 PM
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Easy. Don't keep POS coins on exchanges. Send them when you want to sell them.

Yep ! Free markets and all

cryptochris88
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October 24, 2014, 06:59:20 PM
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Better yet, keep your coins off exchanges.
canth
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October 24, 2014, 07:34:58 PM
 #5

Where is our cut? POS payments should be paid out to coin owners, just like dividends.

Instead, exchanges take that POS payout and dump it into the market each and every single day.
We are taking about real money here, one millions every single month, free money for the exchanges.

As customers, We have to change this practice.

Wakeup call - if you don't have the private key, then just be pleased that you are ONLY losing the POS payment. Everyone that had their coins with Gox thought it was a good idea, right until it wasn't.

bee7
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October 24, 2014, 07:45:36 PM
 #6

A good reading why you should not
a) keep your coins at any exchange
b) use 'universal' passwords

https://bitcointalk.org/index.php?topic=833159.msg9308830
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