[ANN][AC]AsiaCoin

Such a good point. And why would an exchange allow a relisting when they're charging others for votes? http://altcoinherald.com/scam-coin-get-relisted-exchanges-scamming/ Grin

I have no real problems with this article.. it's true that policies and process at exchanges should be better self moderated. It as unbiased as can be for an Op-ed piece. Mostly to bring to light practices on the exchanges. Asiacoin is just an example.. (and a good one).

I'm doing my best to work with exchange owners, and force them to review my code to ensure that it is good before reopening markets. To do stringent negative and white box testing... Hopefully that will improve their processes going forward.

And I would even suggest that they wait a few weeks before reopening markets just to be on the safe side....

Exchanges are being put under pressure by their customers who are upset at not being able to withdraw or trade AC, so right now it's in their best interest to open it up to keep customers coming back. But they need to do their due diligence this time around.. there's really no excuse for it otherwise... everything is transparent as can be.

This whole eco system right now is a shoot-from-your-hip wild west.. I recall Marc Anderseen calling the whole segment amateur hour. And it's true and even worse than that in the altcoin world.. lots of scams, lots of laziness as well...

I also agree with the piece with regards to finding the people accountable.. I wish there was a task force.. But until something *really* big happens.. this is still a drop in the bucket. Most people have already written this off and taken their loss.. It will take a much bigger disaster to bring any change to this eco system.. sad but true.

Wow, you forget very quickly that any AC they have in the exchange don t belong to them. I know this is unregulated market so we cannot say anything by the law. but if they are honest they should allow people to withdraw. It isn t being on the safe side to disable withdrawing. It is theft.

ANd this is only cryptsy who didn t want any withdrawals. All other exchange had no problem with it.

Apart of that, every thing you said is very true.

edit: just to clarify things, i don t have any AC, on cryptsy or else where.

Unregulated market does not means that exchange owners can take customers money. Cryptsy is registered in US, there are ways to report fraud from their side.