Quote from: XScrypt on May 06, 2014, 04:49:55 AM

Quote from: poornamelessme on May 04, 2014, 06:13:13 PM

The thing that I find most bothersome is that exchanges never vetted the coin, evidently. I also don't know how the coin got listed on the bigger exchanges to begin with, unless money changed hands.

No SEC. No FDIC. No central bank. No audits. No rules. No regulations.

Put simply, exchanges don't have to do shit. They don't have to answer for shit. They don't have to tell you shit. They can be the most corrupt greedy bastards on the planet, steal all your coins, and simply walk away. And the best part is, you can't do shit about it.

Welcome to reality friend. The exchanges are going to do whatever the hell they want to make the most money. If that means taking a percentage by posting a known scam coin, you can sure as hell bet they'll do it. They can/have/will straight-up lie to your face. What are you going to do about it? Take your coins elsewhere? Go ahead....awww....are you having withdrawal problems? Well golly gee will get someone to work on that right away! In the meantime you can try visiting our new site: 404 Not Found So Fuck You And Thanks For The Coins.

Treat exchanges and new coins like they're being run by greedy assholes with no morals and no laws. You'll be a lot better off.

This is awesome. All new coins are garbage get rich schemes. Smart money invests in the older currencies and doesnt let their coins sit on an exchange.