Warning :.. this web service IS available only for domestic [Japan] use and we do not support Non-Japanese People If we found you Are Accessing from foregin countries, we Will Lock your account and Freeze all of your balance Without any caution Please use foreign exchanges such as newchg.com alternatively.
Awesome. So now we're stuck with newchg.com as the only exchange we can use to trade with without getting fucked over, and even then that's not a real exchange (it's just basically a spreadsheet that doesn't do anything other than list orders, trading still has to be done person-to-person or via escrow) and it doesn't even work (Can't sell or buy for less than 1BTC, which is obviously a problem).
I wish I could say I was surprised.
I get that the site might be having issues, but do they think that alienating western miners and traders is a good idea at all? I was actually about to switch back to mining MONA since I had finally gotten the hang of trading on that site, not happening now though. I'm done with this coin entirely once I sell off my remaining MONA.
What a laugh. Probably to keep out the Chinese mega-rig dumpers.
I should buy up all the cheap MONA and dump them there using my Tokyo VPN just because.
Exactly, from the 2ch thread:
前スレで書いてたPump&Dumpが怖いな。
有名になったとして上場したら外人勢が一気に売ってくるだろうし、
それに耐えられるだけの市場価値(使い道)ができてくるかが勝負だろうな
they are actually afraid of foreigns ruining their chance at crypto-currency.
Based on Mona twitter feed, they OP changed the wording as to not be to brash...my version of Google translate on the exchange now reads:
"For Foreigners :.. Provide We do NOT support any English at any time Non-Japanese speakers Are discouraged to use this service Exchange Sorry for the Inconvenience."
So it seems less risky to use but without support....good luck
That sounds better, but obviously someone needs to school these people into how crypto currency works. Hell, all currencies for that matter.
There is absolutely nothing they can do to prevent the free market from invading their little "private" coin. The Mona devs should have used a 100% pre-mined model if that was the way they wanted to go, not an LTC clone!
If they didn't want the possibility of a pump and dump, use something else. I dunno, maybe serial numbered panties.
If I can get double ROI on a Japanese forum as apposed to in "the west" I'll call in a Japanese fluent friend to help me dump all my Mona via VPN.
Nothing they can do to stop me.