Can someone tell me why this recycler is an "innovative" feature? I mean, if the recycler is using exchange data to determine ratios, what is the difference between using it or just dumping crap coins on the exchanges?
So since you are not the first to ask I will try to answer with simple words so everyone can understand :
Let's take an example :
- You have some Fedoracoin (I take this coin as an example) but you want to sell them and buy some MAST, first you need to find an exchange where it is listed, you are Lucky Fedoracoin is listed on cryptsy (not the case for many coins), then you need to be sure the exchange where you will dump has enough volume, then you start selling the coin you want to get rid of...
You realise Fedoracoin like many other coins is only traded for LTC, so you sell them for LTC and after that you need to sell your LTC for BTC... and finally when you have the BTC you need to withdraw them to an exchange where MAST is listed and you can buy your MAST !!
Don't forget each times you will sell or buy on that process you will have some fees, and the withdraw/deposit can take a lot of time.
So that was the way we are doing, a long process with fees and time waiting...
With the coin recycler it will save you a lot of time without any fee !!!
You still don't think it's an innovation ?