How to Deal with Poloniex situation

[The One]

I might be a Socialist, but I still disagree with that! Selling Shares is the correct option, in my opinion...

Do you or anyone else realise how the option of selling shares work?

In sense that it will be scam free and legally binding proof of ownership.

Let me tell you two things. Time consuming and expensive.

Selling shares is not an option.

We need the exchange back up so users can use it and generate fees. For every hour of dithering, arguing, debating.......Poloniex loses fees and exacerbate problems.

[mintymark]

Why not do the 12% levey, but award 12% "other coins" lets call them pcoins. The promise is there to pay these back gradully over time at a rate of 1 bitcoin per pcoin and they sit on your account at the exchange.
So far thats the same as what was proposed.

But now we introduce the chance to trade these pcoins. Its an exchange after all.  Their value in BTC is allowed to float and they can be traded between between accounts on the exchange. Not withdrawn.  At regular intervals a small dividend is paid until one BTC per pcoin has been paid, and then no further dividends will be paid (and the pcoins are likely worthless and will be removed at that time assuming they are.)

This means that people unhappy with the situation can  dispose of their pcoins for what the market will bear - presumably less than 1 BTC  - and those that want to can buy them up at a good price. This seems to me a better way than selling shares which is more complex.

[teomcmurphy]

We need the exchange back up so users can use it and generate fees. For every hour of dithering, arguing, debating.......Poloniex loses fees and exacerbate problems.[/size]

yes to this all day long +++++1

[IamNotSure]

Run on a transparent fractional reserve (published everyday the X% not in reserve)
Put a withdrawal fee of X%

Problem solved

[kdrop22]

Raising fee is not going to be feasible, as that will drive business to other exchanges. (for non exclusive coins).

[traderman]

Share/dividends can be done through cryptostocks.com .

[kdrop22]

Share/dividends can be done through cryptostocks.com .

or through counterparty ->
http://www.blockscan.com/assetInfo.aspx?q=MPTSTOCK

[Stass3615]

0% fee for people who get BTC lost, up to the value of the loss (12.3% of the BTC wallet).
Then fees go to normal.

There will be more trading, at least, not less

[IamNotSure]

Share/dividends can be done through cryptostocks.com .

or through counterparty ->
http://www.blockscan.com/assetInfo.aspx?q=MPTSTOCK

Indeed, that's better.

Cryptostocks is pretty shady ans has huuuuge withdraw fee (0.005 BTC !!)