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Topic: [2016-08-07] Making BFXCoin Tradeable is Not In The Best Interest of Bitfinex (Read 319 times)

legendary
Activity: 1246
Merit: 1000
That is no reason to not make these tokens tradeable.
A business which is in big trouble -I doubt if anybody would buy these tokens just to get a stake in such a business.
legendary
Activity: 1596
Merit: 1010
There is a secondary reason for not making these assets tradeable as well. On the blog post, Bitfinex mentions how these coins can be exchanged for company shares in IFinex, the overarching entity that runs Bitfinex. If someone was able to obtain the majority of these coins, he or she would gain a significant stake in the business. It is not hard to see why the company would want to avoid that situation.

http://themerkle.com/making-bfxcoin-tradeable-is-not-in-the-best-interest-of-bitfinex/
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