Ninjastic
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Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
by
kelsey
on 17/05/2015, 22:19:23 UTC
Quote from: TaunSew on May 17, 2015, 03:46:06 PM
Quote from: kelsey on May 17, 2015, 02:27:12 PM
Quote from: yshin365new on May 17, 2015, 02:10:08 PM
Quote from: kelsey on May 17, 2015, 01:36:13 PM
depressing when your importance slides  Cry do exchanges build up a bs level of importance on the NEM network?
You don't need to be depressed.
In Poloniex's case, they use user's fund in harvesting less than 25%.
(More than 75% is stored in cold wallet, and do not harvest.)
This is less than ordinary nember's use of xem in harvesting.
Perhaps, ordinary nember's harvesting might become higher owing to their not-doing-harvesting-fund in coldwallet.  

no exchange should be gaining POS coins from users funds  Shocked

RIP NEM.  Make exchanges rich and they dump free coins.   Shocked

its worse then that if exchanges stake, also you and i send coins we get fees, on the coins we stake we earn (at this point it seems no matter what I do my fees will always exceed my stake earnings, hold my network importance goes down, move or use i get fees).

now exchanges can use our coins to earn, but charge us the fees for moving, HUGE win win for them LOSE LOSE for genuine holders, all the while the increase their network importance, further more ripping the users off who's coins they are borrowing  Shocked

Seems exchanges will eventually OWN NEM  Cry