Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
dzimbeck
on 22/09/2018, 10:20:02 UTC
Kucoin Rejected BitBay Listing saying such lame reasons.



Who needs Kucoin, their a joke. In time, every exchange will want Bay, then we rule...

Yeah actually I'm at peace with listing on a small exchange as long as the peg is supported. There was a time where people said if we didn't get on Poloniex we wouldn't succeed. Well I guess we proved them wrong. The same can be said for Bittrex and the others.

I think that if the peg is supported properly then traders will register on the small exchange just to trade it because after all, it's safer than Tether because less concern over being regulated out of existence. And of course no concern of bank runs or losing banking relationships. Also traders won't be able to ignore that it will be hard to dump the coin for long periods of time. We might end up causing a small exchange to get big.

On the other hand, the small exchanges might be more risky for disappearing. Although history has shown big exchanges also do this as some of the biggest in the world have performed the most notorious defaults. Bittrex and Upbit could be worth a lot of money so it maybe isn't worth it to sacrifice the listings. However, maybe it would be OK as new exchanges are always appearing and getting reasonable volume. The peg doesn't need as much volume to spike because we can control supply collectively.