Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
dexX7
on 20/09/2013, 15:58:45 UTC
BTC-TC made ~40 BTC from transaction fees from just the last 7 days of LABCOIN trading. They're the real winners here.

I know you are not doing it, but I suggest not do imply it's BTCT's fault in any way.

Edit:

He is pretty clear on that topic:

I'd like to ask following question (some could intepret things this way): If the owner of an exchange becomes aware of fraud, would it be acceptable to continue to allow it under his watch as long as he is earning fees from trading volume? would feigning ignorance or pointing to the 'it's just a game' disclaimer be a good enough excuse to get them off the hook?

That would be absolutely unacceptable.  (and extremely unwise from an exchange perspective anyway)  Proof of fraud will get issues de-listed after giving them time to explain and/or remedy the situation.

From an exchange perspective, you have to keep in mind that only one or two such instances would soil the good name of the exchange and hurt business long-term more than it would help short-term.  I am having this struggle right now with MOO.COW.MINING.  Dividends have stopped, but the operator has claimed they are going to catch up and make good.  The whole situation around it stinks.

Cheers.