when an exchange kills a coin, it should follow a protocol

[akd]

.

when an exchange kills a coin, it should follow a protocol:

suggestions:

• give enough time between announcement and death
• alert the users, preferably by email (not everyone is daytrading)
• a mailinglist that users can subscribe to might help, to be informed about important events
• cancel all open orders of that coin, put them back onto balance
• keep the balance reachable for a few more weeks, to allow for withdrawal

what else?

[akd]

bump

[tokyoghetto]

Poloniex - Kills off coins every other day it seems. Some that still have active communities and development.
Mintpal - Promised to kill off coins, only one  I know of is Cagecoin
Cryptsy - Doesnt kill off coins, lets zombie coins like Royalcoin continue trade.

Good suggestions but exchanges are going to do whatever they feel like.

[somic]

big exchange will not follow any protocol except their own

[SaraMine]

great but what if coin source code is bad? people will trade but noone will ever withdraw it?

[activecoin]

Back when i used to trade i would not stay with a low volume coin for very long cause i worried for my funds, I did not want them to get stuck somewhere, a good solution would be for an exchange to have an automatic payout in the case they do delist a coin, user's simply add that when they are depositing coins.

[akd]

a good solution would be for an exchange to have
an automatic payout in the case they do delist a coin,
user's simply add that when they are depositing coins.

VERY good suggestion.

And to make it simpler, a few defaults for recipient addresses in case of delisting:

• When I have deposited coins into the exchange, the sending address is stored (*)
• My last withdrawal address is always the one that would be used
• when I buy a new coin at an exchange, that coin is listed in my TODO list = I need to provide a fallback address

Only the last case really needs action from my side then.

(*) can cause problems if that was a mining pool, or another exchange.

[ziplibrary]

.

when an exchange kills a coin, it should follow a protocol:

suggestions:

• give enough time between announcement and death - Agreed

• alert the users, preferably by email (not everyone is daytrading)
• a mailinglist that users can subscribe to might help, to be informed about important events
• cancel all open orders of that coin, put them back onto balance - Agreed

• keep the balance reachable for a few more weeks, to allow for withdrawal - Agreed

what else?

I'm not quiet sure about email notifications. Big exchanges with hundred thousands of users can have some troubles sending out tons of notifications emails at once.[/list][/list]

[Zer0Sum]

It all starts when a Dev abandons his coin...
There needs to be a Posse that hunts down dead-beat Devs...
And brings them to justice.