I think one of the main things we need to do is get higher visability on exchanges, yes blackcoin is a young coin but we have Coin Kite backing.
Coin Kite is getting a lot of respect from the BTC community, many people I spoke to at Bitcoin 2014 were highly impressed by them.
We should use this to our advantage and contact exchanges explaining
1. the volume backcoin has moved over the last 6 weeks
2. the community we have
3. the Coin Kite backing we have.
3 Sites I would like to see black on
www.cavirtex.com btc-e.com
kraken.com
Reading this article from Coindesk
www.coindesk.com/krakens-jesse-powell-banks-biggest-hurdle-bitcoin-businesses/
Picking altcoins
Kraken now trades bitcoin, litecoin, dogecoin, namecoin, ven and ripple’s XRP. Powell says that Kraken is interested in adding peercoin at some point, as well.
Kraken CEO Jesse Powell and Product Manager Elliot Lee in the company's office.
Kraken CEO Jesse Powell (left) and Product Manager Elliot Lee (centre) in the company’s office.
It takes careful study of the cryptocurrency’s volume and differentiating aspects to decide if an altcoin has long-term potential for addition to Kraken, Powell explained, adding:
“Peercoin is one that we would like to do, if we get the time for it. We do namecoin. If there’s something interesting about it, like namecoin, we might do it.”
Many people don’t realize that adding an altcoin to the exchange takes effort. Therefore, for Kraken, new coins have to be scrutinized, according to Powell:
“Some of these are just pump and dumps, and it costs a lot of dev time to put these coins in [to the exchange]. And I think it says something to people, that we start trading it. So we want to be careful what we put our name on.”
The problem for exchanges that support altcoins is that the bandwagon can often leave a coin (and thus users) behind rather quickly. For an exchange doing its best to follow regulatory and banking standards to the point of even providing public audits, scams are a problem.
It’s something that Powell, and Kraken as a company, is ultimately concerned about for the community’s sake:
“There’s this [altcoin] hype in the beginning. And all the mining effort will go to [a coin], and there is all this support. A week later, after the pump, you get the dump. Everyone’s out and you’re on to the next coin,” he said.