I don't disagree with you, I think you are basically spot on. I have been watching and following the space off and on for years, and though I am new to actually posting here, I have enjoyed being a lurker for a long time and have learned a lot. But, I am wondering, what could an exchange do to prevent manipulation? Trying to manage that could get pretty complicated. And that is just one question. It almost feels hopeless. I am just trying to maintain hope that the kinks and issues will work themselves out over time and that all us little people will prevail over the whales.

Thanks for posting the rant and ideas. I will be interested in seeing what others have to say.