Post
Topic
Board Announcements (Altcoins)
Re: THE DIGITAL PRECIOUS METAL | Cryptogenic Bullion | CGB
by
papersheepdog
on 06/07/2014, 00:14:25 UTC
Probably Cryptsy wallet, our mainexchange.

In rare cases, we'll open LTC markets for coins or give the community more time to build volume.  If you are a developer of a coin on this list and would like to keep your market on Bittrex, please contact us at support@bittrex.com

If you guys still like to try to stay active then send them an email, perhaps they can give CGB more time. On the other hand it's not really necessary, we've had some discussions about the amount of exchanges before. Personally I think as many possible is good to catch the interest of the users of those sites, not everyone is on Cryptsy. We could try and focus some tradingvolume on Ecoinfund or Comkort instead.

+1 for more exchanges.  I think being centralized on cryptsy is not in the best interests of CGB and its needs to become more distributed across exchanges and other services.  Its also a concern that cryptsy now plans to restrict the amount of coins unverified users can withdraw based on its USD value ($1000/day or ~1.5 BTC/day).  "Getting verified" can only be of some interest to the US users as  international community has plenty of alternatives for FIAT trading/"cashing out" to FIAT, and that doesn't violate them with invasive AML/KYC regulations, or threaten to unreasonably limit access to their bitcoins and other altcoins they keep on those sites.  CGB needs exchanges that are not going place a collar on it.  All users should be able to deposit and withdraw their coins without restrictions when they want. :\

Wow a thousand a day? That's called capital controlls and you are totally right to watch out for extreme centralization. This is a potential sign of "fractional reserve" accounting, where only a percentage of the actual currency is actually available to the exchange at any given time. Can we get some kind of rundown on our options? I wouldn't be opposed to officially supporting a well grounded contender or two. Are there any exchange reviews out there? Gathered together? If not.. I sense a development workshop in the making.. At any rate I will be printing up a batch of cold storage paper wallets for impending use.