Quote from: risinhigher on March 07, 2016, 12:24:35 AM

Quote from: FACTOM on March 07, 2016, 12:16:33 AM

Quote from: zzzman20 on March 06, 2016, 07:48:42 PM

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

We appreciate the feedback however the Chinese market is important for us as we are working with several companies out there.
Also how do you know the Chinese are doing what you say they are doing?

We know for a fact that our Chinese partners require FCT for their own testing purposes and in the future to run their systems of records.
What you are saying is your own opinion and should be treated as such. We do not promote speculation of FCT we have always been clear what FCT are used for but on the other end we cannot stop people doing what they want on the free open market which we don't control.

zzzman20 : Chill brother , arbitrage by itself isn't all that ethical. Also, you would not be complaining if you were on the other side of this, would you?

Arbitrage keeps market prices equal, it's a good and necessary thing in trading. And YBH isn't even letting their own customers withdraw FCT, it's the exchange itself doing it. But anyway... this is all just my opinion I don't know if this is really going on or not, and in the long run it's not going to matter. Pretty annoying though