Post
Topic
Board Securities
Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
by
burnside
on 27/06/2013, 03:36:02 UTC
If the moderators dont approve AMC by tomorrow, then btctc will surely miss out on alot of business

That's the thing; LTC-G moderators have no incentive to vote. They get paid in any case from listing fees which are charged no matter whether they do the job they get paid to do :-/

Why would they care? Whether this gets approved now or at some point in the future is irrelevant to them. If it booms, great, they get paid a percentage of the share price anyway. If it doesn't, well, they still get paid the listing fees.

Only asset issuers bears any risk of listing. Moderators can just say 'meh!' and come back sometime in the future. In fact, if they don't do anything at all, they may even get paid listing fees twice.

.b

I know I've seen some good suggestions (via email) regarding motivating mods to vote.  My personal favorite is a guaranteed 50% refund if an issue hasn't received eight (Cool votes or been approved within a two week span of the start of voting.  Refund too much and people will spam the system.  Refund too little and the mods won't have as much incentive to vote.

Any other thoughts out there?

Cheers.