RJX (OP)
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September 01, 2017, 02:25:34 PM |
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Watching the IOU market on Cryptopia this morning I was suddenly surprised with this announcement: After reading it twice, these questions came to mind: Is it reasonable for an exchange to take a passive stance towards updates from a platform like Waves? Is it necessary to delist the assets as well? I'd like to know your opinion on this.
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Every time a block is mined, a certain amount of BTC (called the
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puremage111
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September 01, 2017, 02:36:54 PM |
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Watching the IOU market on Cryptopia this morning I was suddenly surprised with this announcement: After reading it twice, these questions came to mind: Is it reasonable for an exchange to take a passive stance towards updates from a platform like Waves? Is it necessary to delist the assets as well? I'd like to know your opinion on this. IMO, as stated by cryptocopia waves team fail to notify them for the two recent updates, they even approach towards waves but they neglected. Not sure if Waves didn't see the message or so But, Is it necessary to delist the assets as well?I will say Yes, why? Imagine, if the network fork and coins gone missing on the exchange, who will be taking the responsible? Trust me, not all the user of a particular product are rational, i seen before cases where the user just blindly hook and blast on the exchange even it's not the exchange fault My 2 cent tho, we don't know the full thing behind
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DevelopmentBank
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September 01, 2017, 02:41:02 PM |
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Good job to cryptopia for being proactive and being firm with decision making. Poorly managed coins (which result in lost value for investors) dont deserve to be listed in exchanges if you ask me.
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RJX (OP)
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umachit.fund
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September 01, 2017, 02:42:22 PM |
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But, Is it necessary to delist the assets as well?
I will say Yes, why? Imagine, if the network fork and coins gone missing on the exchange, who will be taking the responsible? Trust me, not all the user of a particular product are rational, i seen before cases where the user just blindly hook and blast on the exchange even it's not the exchange fault
My 2 cent tho, we don't know the full thing behind
In no way is it my intention to burn down this decision or the exchange that took it. Just discussing here and maybe get a better understanding of the whole situation. You're two cents helped with that, so thanks!
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ngm-
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September 01, 2017, 02:44:21 PM |
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The volume was so low it will not affect anything.
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RJX (OP)
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September 01, 2017, 02:46:33 PM |
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Good job to cryptopia for being proactive and being firm with decision making. Poorly managed coins (which result in lost value for investors) dont deserve to be listed in exchanges if you ask me.
Are they proactive when they prefer to be informed about updates, rather than informing themselves?
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headachy
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September 01, 2017, 03:17:43 PM |
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It was not Waves fault...Cryptopia is a shitty exchange. Waves responded to this news and even I remember they have informed everyone of new update.
I see alot of FUD about Waves but honestly this thing will change crypto.
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w5pn73
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September 01, 2017, 03:24:48 PM |
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If cryptopia really wasn't informed or had to go fish for information then yes I think they have every right to kick them off, they are busy.
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RJX (OP)
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September 01, 2017, 03:30:48 PM |
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Waves just posted a response to cryptopia with proof they informed them of the update
Could you post a link to this announcement please?
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RJX (OP)
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September 01, 2017, 03:31:23 PM |
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I see alot of FUD about Waves but honestly this thing will change crypto.
Not trying to fud, just discussing here.
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jezus
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September 01, 2017, 03:32:18 PM |
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There is some kind of fork in waves and not mandatory but Cryptopia delist.What now happend with dotcom?
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qiwoman2
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September 01, 2017, 03:38:47 PM |
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I got hacked in Cryptopia today so am not sure if I will use the exchange anymore. WAVES is a great token/platform so it's also a shame that it will be delisted by Cryptopia. This is one of the more major tokens out there and shouldn't be delisted in my opinion.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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September 01, 2017, 04:21:41 PM |
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seems reasonable to me if the information is correct.
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blockchainmarketus
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September 01, 2017, 04:30:50 PM |
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Waves IS an exchange...They don't need Cryptopia!
Agree, waves has its own exchange like DEX and tidex. So don't worry to hold waves, even I never trade in cryptopia. I prefer bittrex, or liqui. But bittrex now I leave it because the limited withdrawal for only 0.025 BTC per day. That's suck. I can;t withdraw big amount of money. I move to local exchanger but It is better and more secure. I like to use bitcoin.co.id. The biggest cryptocurrency Exchanger in Indonesia. The withdrawal can be 1 BTC a day. The security is double with phone verification and email confirmation. I like to trade there. However, Bitcoin.co.id haven't list waves. I hope in the future there will be waves in spot market.
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I.C.O.N.
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September 01, 2017, 04:59:43 PM |
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Im thinking if the FUD about loss of small exchange will effect wave price, I'm buying more waves
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europesss
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September 02, 2017, 10:59:05 AM |
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Watching the IOU market on Cryptopia this morning I was suddenly surprised with this announcement: After reading it twice, these questions came to mind: Is it reasonable for an exchange to take a passive stance towards updates from a platform like Waves? Is it necessary to delist the assets as well? I'd like to know your opinion on this. I think that's a personal problem between waves cryptopia, they should solve it themselves , we can do nothing for them .
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LTEX
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September 03, 2017, 08:37:35 PM |
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To me it means Cryptopia is disqualifying itself from the serious cryptotrading arena. It's their own responsibility to maintain their wallets and keep nodes up to date.
If you make a living out of fees paid by traders on multiple blockchains and their assets, you are the one that has to provide an up to date service. Complaining that you are not informed on time by the developers of those blockchains is childish and a huge red light to me as a trader!
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A fool will just look at the finger, even if it points to paradise!
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Bambulee
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September 04, 2017, 12:01:35 AM |
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The volume was so low it will not affect anything.
i approve, best way to buy waves is on Bittrex atm.
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RJX (OP)
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umachit.fund
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September 05, 2017, 07:35:51 AM |
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I asked Cryptopia a couple days ago if their decision was final and today I got this reply:
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envist
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September 05, 2017, 02:49:57 PM |
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I asked Cryptopia a couple days ago if their decision was final and today I got this reply: I emailed them as well about all of this but I still have not gotten a response. I felt it was a bit unprofessional that they would rashly remove so many markets over a miscommunication. Good to know they are reconsidering their decision.
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ZHiee
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September 12, 2017, 03:36:36 AM |
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I asked Cryptopia a couple days ago if their decision was final and today I got this reply: I emailed them as well about all of this but I still have not gotten a response. I felt it was a bit unprofessional that they would rashly remove so many markets over a miscommunication. Good to know they are reconsidering their decision. Is there any recent news about waves and all of its assets on cryptopia ,, ?
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xtraelv
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฿ear ride on the rainbow slide
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September 12, 2017, 03:49:33 AM Last edit: September 12, 2017, 07:02:42 AM by xtraelv |
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I find this screenshot curious. I haven't been able to replicate that in my gmail with received messages. The circled part - that should be showing the address of the last email that you are replying to. The different font colors are interesting too. The date at the top and the date of the reply are fascinating too. According to that screenshot - Waves Platform received on the 21st - a message sent by Cryptopia on the 22nd ...and the 0.7.6 fork occurred on the 19th https://twitter.com/Cryptopia_NZ/status/899093596812394496
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xtraelv
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฿ear ride on the rainbow slide
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September 12, 2017, 04:33:52 AM Last edit: September 12, 2017, 07:44:54 AM by xtraelv |
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xtraelv
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฿ear ride on the rainbow slide
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September 12, 2017, 05:09:49 AM |
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I have to add that i actually like the Waves platform and support and have Waves (and will continue to buy them) but I also fully understand the decision by Cryptopia to delist. You cannot run an exchange without being informed of wallet updates which are part of the terms and conditions of a coin being listed. With a fork the exchange runs the risk of losing crypto for which the customers might attempt to make them liable or loose angry customers while it is not their fault. I know Cryptopia delists coins if the developer is not honest about mistakes thy have made. Trust needs to exist between the developer of a coin and an exchange.
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nimethasa
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September 12, 2017, 06:04:03 AM |
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The volume was so low it will not affect anything.
i approve, best way to buy waves is on Bittrex atm. but bittrex only support wave coin bittrex not support waves token, i think can big problem about waves platform and waves token, if much exchanger not support waves token
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zzwensel11
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September 12, 2017, 07:21:19 AM |
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I think the whole delisting of waves and its tokens on cryptopia is a real pity. I have been working with both cryptopia and the waves dex and liked to use both them, particularly when I was trading the smaller waves tokens such as Ripto Bux and Mercury. A few months ago, I encountered some hickups while using both system and both the waves and the cryptopia team really stepped up with their support.
Now that cryptopia delisted waves and its tokens, we lost an alternative trading location for the smaller waves tokens. I understand that everything can be traded at the waves dex, but alternatives are good in my opinion.
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░▒▓█ / / /X42/ / / WELCOME TO FEELESS FUTURE! █▓▒░
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xtraelv
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September 12, 2017, 08:08:45 AM Last edit: September 12, 2017, 08:31:10 AM by xtraelv |
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Is it reasonable for an exchange to take a passive stance towards updates from a platform like Waves?
An exchange has to protect its owners and client against foreseeable losses. A network fork can create risks of loss of funds for an exchange. Anything that results in the loss of funds can potentially shutter an exchange. Therefore it is up to an exchange to minimize risk. Cryptopia is risk adverse. They didn't list Ethereum until the fork was well established. (Technically Ethereum is a larger fork from Ethereum Classic) When an exchange receives funds it is deposited to the exchange wallet but becomes funds held on the exchange by the user. It is often credited after a short number of confirmations. The user can then use the funds for trading. e.g. User1 deposits 10 Waves into wallet. 10 waves is credited to exchange wallet. User1 has 10 Waves in funds on exchange database. User1 trades 10 Waves for 1 Ethereum with user2 and User1 withdraws the Ethereum. User2 has now 10 Waves in exchange Database. The fork results in loss of the 10 Waves = exchange wallet is now 10 Waves short. When users buy and sell it occurs on the exchange database - not on the coin blockchain. So any losses due to a fork are sustained by the exchange. They may be able to track it back to a user - but is it recoverable ? Is it necessary to delist the assets as well?
The tokens or assets rely on the proper functioning of the network. The risks of loss due to a fork are the same. I have spoken with the developers of the site but I have never met them in person. Other than expressing my sadness at losing Waves trading on Cryptopia I haven't discussed the specifics of the removal. This is my personal opinion only.
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helloge
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The Experience Layer of the Decentralized Internet
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September 12, 2017, 12:54:39 PM |
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Watching the IOU market on Cryptopia this morning I was suddenly surprised with this announcement: After reading it twice, these questions came to mind: Is it reasonable for an exchange to take a passive stance towards updates from a platform like Waves? Is it necessary to delist the assets as well? I'd like to know your opinion on this. I think that's a personal problem between waves cryptopia, they should solve it themselves , we can do nothing for them . Yes, their are not some convinced reasons, so the only reason is some personal reason, I think it is normal to see some coins delisted from exchanges, and I do think that will affect the value of that waves.
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RJX (OP)
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umachit.fund
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September 12, 2017, 05:53:02 PM |
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Is it reasonable for an exchange to take a passive stance towards updates from a platform like Waves?
An exchange has to protect its owners and client against foreseeable losses. A network fork can create risks of loss of funds for an exchange. Anything that results in the loss of funds can potentially shutter an exchange. Therefore it is up to an exchange to minimize risk. Cryptopia is risk adverse. They didn't list Ethereum until the fork was well established. (Technically Ethereum is a larger fork from Ethereum Classic) When an exchange receives funds it is deposited to the exchange wallet but becomes funds held on the exchange by the user. It is often credited after a short number of confirmations. The user can then use the funds for trading. e.g. User1 deposits 10 Waves into wallet. 10 waves is credited to exchange wallet. User1 has 10 Waves in funds on exchange database. User1 trades 10 Waves for 1 Ethereum with user2 and User1 withdraws the Ethereum. User2 has now 10 Waves in exchange Database. The fork results in loss of the 10 Waves = exchange wallet is now 10 Waves short. When users buy and sell it occurs on the exchange database - not on the coin blockchain. So any losses due to a fork are sustained by the exchange. They may be able to track it back to a user - but is it recoverable ? Is it necessary to delist the assets as well?
The tokens or assets rely on the proper functioning of the network. The risks of loss due to a fork are the same. I have spoken with the developers of the site but I have never met them in person. Other than expressing my sadness at losing Waves trading on Cryptopia I haven't discussed the specifics of the removal. This is my personal opinion only. You sir, just made me a whole lot wiser! A whole damn lot wiser. Thank you very much for your reply.
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China8888
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November 17, 2017, 03:54:29 AM |
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i wish they would relist waves. also why no ripples on there? seems weird to me
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