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October 29, 2013, 12:37:38 AM |
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A Trading Exchange such as Cryptsy evolving into a Selective Exchange at the request of a minority screams in the face of it's very business model to date.
Of course it's entirely up to Cryptsy. And I for one have put my faith and trust in only them as my own Trading Exchange (so far) for the very business model they selected from the outset. But I wont be supporting Trading Exchanges that don't follow a Open & Fair Free Market Agenda. A REAL one. Not a controlled marketplace where winners are selected and chosen, others singled out for what amounts to termination without just cause, especially by a small minority, unless it happens to follow a well defined set of prudent Rules & Regulations.
Rules, Regulations, Stipulations are all fine. Set them up. Have a guide to follow. Put them in writing. Cryptsy can make judgement calls if needed.
But de-listing any currency unless truly required by Cryptsy's own Rules, Regulations, Stipulations is merely a self serving witch hunt no matter what the best of intentions may have been.
No, I don't support the majority of crypto-currencies at Cryptsy. Not hardly. But I do only support Free Market Capitalism. Real Free Markets, and their Businesses.
Some here don't seem to support anything but their own interests.
Cryptsy asking all of us here what to list and de-list is also very likely not extremely wise. There are far too many self-serving interests here.
Maybe merely asking what kind of rules, regulations and stipulations here would be far wiser.
Please, consider working on PRUDENT regulations and rules. Not overburdening, or overbearing ones. List idea's here, or start a new tread. Make it so we can reasonably trim the fat, so to speak, ever so slowly. So that those that are stuck with dying currencies at least have a time limit to either get out of them, or hold them as they choose to.
What does concern me, and hopefully a lot of others is having a broad crypto-currency Exchange that allows us all to trade any and all viable crypto-currencies that each have any real market value. Higher demand, or lower demand doesn't matter. It's market value per unit is the key to look to for this. Below a preset threshold value it should maybe be up for being de-listed. but only after it fails to rise back up over that level after a certain amount of time has gone by. Say 30, 60, or 90 days. This is basically what the stock market exchanges do in case anyone is wondering.
But if it's not worth Cryptsy's efforts to extend their business to the lowest demand types that would also be fine too. It's their business after all. But seeing as how the costs of services are close to zero when on top of all their other offerings it seems wiser to choose to take whatever meager profits there are from those trades too, which would directly add to any net profits, over and above all other net profits. End result is pure gravy on top per say. Not much maybe, but all gravy.
Caveat emptor - let the buyer beware!
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