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Author Topic: Exchanges are rebelling against constant hard forks  (Read 376 times)
Twentyonepaylots
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December 23, 2019, 06:56:53 PM
 #41

Exchange must respond to new developments. Those who are older than 3 years on the market knows. How Poloniex lost its popularity. How popular Bittrex became. Then Bittrex was thrown into the back of how to market. Binance follows every current development. They have to.
But the question is when? For the exchange to be able to have compatibility to the coin, specifically the changes from the coin, the developers must submit the requirements and how to adapt it. It is not just a single party job , it is a job of both to meet in the middle for compatibility. Binance did a great effort on having this one, indeed one of the greatest exchange we have. Well Poloniex became a lesser choice for some who didn't want show their identity to anyone, too bad for poloniex, their users sees it as a threat instead of added security.
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December 23, 2019, 07:20:05 PM
 #42

Developers do this primarily for traders and investors. A fork on an exchange raises the value of a coin. The investor who bought has the right to sell more.
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December 23, 2019, 07:55:53 PM
 #43

It's normal for the Exchange to think so. A new altcoin is emerging. The new project claims to be very secure. However, in the first hacking case, the possibility of creating a new chain is discussed. This ridiculous situation needs to end.
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