Topic: Btc38: If you were leader of exchange, what will you do facing so many coin - page 2. (Read 1850 times)

You know, I've always considered you to be a dumbass, pushing "jackpotcoin" in one breath and then demanding that people justify the reason for creating their coin in the other, but this is fucking embarrassing for you. I think you should close your account and leave Bitcointalk if you're going to suggest such stupid fucking ideas.

Any voting system that requires you to "just create an account" for a vote is easy to break. Just create multiple accounts! Email verification is trivial to do, and you can buy email accounts by the tens of thousands on BHW and elsewhere. For an exchange to combat this they'd have to make it progressively harder to vote (must have traded above a certain amount, must have submitted KYC / AML documentation) which also makes the exchange progressively more undesirable to users.

This isn't advanced cryptography. This is basic fucking logic. Bragging about your "idea" just proves how utterly beyond saving you are. Morons like you should stick to philosophical discussions on Tumblr than spew your particular brand of retardation on us.

please add Credits CRD https://bitcointalksearch.org/topic/ann-credits-crd-with-20-decentralized-exchangeanonmarketmore-peak-july-2nd-634403

First off, no to voting, this is a dangerous thing for exchanges to add because it is subject to false votes or terrible coins just paying for listing their coin. Another point is that for an exchange to be successful they cannot just add proven coins because by then it is too late for the exchange to really get in on that coin's volume most likely. So, coins are forced to add new and unproven coins if they ever want to stay relevant. What we would do is vet devs, and force them to complete some kind of form which reveals a ton of information of them and their coin. Also, coinssource is starting a dev trust index where coin devs are assessed a trust score; utilizing sources like that can be pretty handy. In the end, exchanges will list some unsuccessful coins, and probably even some scam coins, but this industry is just beginning and will have some bumps. The real work required should be of traders to do research. We are launching our coin soon, and we would expect anyone looking into investing to read our whitepaper which will be available at launch when we post our ann. This is how investors will clearly know our goals and our coin's features. Without knowing those points, and monitoring a dev's level of commitent to his coin and the community, someone should not invest.

Btc38, please contact us if you would like to discuss specific ideas for which coins to add and how to vet coins.

i was wondering how come you do not add Karmacoin. https://bitcointalksearch.org/topic/annkarm-karma-x11-579973

in approximately two days it will hard fork into X11 algo thanks to dev HiroS!


so in two days this coin will have the algo that is favored in Chinese miner world.

Not to mention the self sell name ; Karma    

Buddhism is the way of life for most Asian countries Karma Coin mission is to follow the path of rewarding those that do good!

1) Tough question !
If i was leader i would just try and stick with coins that have higher quality over popularity.
It should be obvious for *most coins that come out which are good and which are bad.
Adding too many is not good it make everyone look bad and dilutes the Altcoin scene too much.. watered down volume(s)

2) I think voting *might be ok if it was done differently than it is now..
I don't think anyone has done my idea yet. And my idea is,
have voting for new coins but only allow each user account 1 vote each for each coin ..no more !
and never charge any fee for the votes either.

3) Communication !

4) What do i want to say to Chinese ?
I don't know.. maybe lets try and work together more ?
We are all one people on earth.. no borders.. this is a great thing about Crypto coins (the international aspects to them)

5) Tough question lol
Do a good job and communicate fast to clients if problems happen (Communication)
Also if that guy said we have to use Facebook ? The you should get a normal login method.. Facebook sucks !
Oh and add JackpotCoin to your exchange LOL

so, btc38 is the leader of exchange    unfortunately, I had not use it since I have onlt few altcoins 

I didn't know you have an english version of the site. lol

So, the english one doesn't require to login with QQ, but with Facebook? Is there another way, I just don't like the idea of using facebook to login and possible giving my personal info from it.

You should use coins that are in the top 50 and/or have a voting system that has a vote and have people explain why they voted for the coin.

This is a good suggestion, reserved.

You are right, most of the votes was rigging and those people want to sell out their owning immediately.
What aim we launched the voting system was trying to attract others who are not our customer.
But it seems not work. Mintpal voting system is warning to us.
We will reconsider it.

We are open to receive good idea about how to operating an exchange.
If there is a good essay, we will translate it into chinese and publish it on our main page www.btc38.com

What's your opinion about following question:
1, If you were leader of exchange, what will you do facing so many coin?
2, It is wise to do voting?
3, what trait do you think a good coin should have？
4, what would you like to say to chinese?
5, what should we do will attract you do transaction on our website.
etc.

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Firstly just want to say BTC38 (and others like it ) are important trading points for the developing shift of crypto from the "Banker" "inside market" to the global expansion that it has had and will inventively have.

So as you may know its always been my opinion that  cryptocurrency will be the domain of the "BRICs" due to the fact that a lot these nations are :

1. Not receiving policy from Banks - i.e the the nations are not run directly by banking institutions, it is usually at best a power share operation or the like.

2. Tax code is much simplified in "BRICs" nations usually relying on  sale an VAT or flat taxes this shifts the burden of regulation motive, and this is why Crypto will always be hampered in the "West" see these recent regulations in the US etc.

3. Currency and exchange rates - "Reserve currency" "BRICs" nations have been on the "development side" of the world for the best part of 60 years, this means that if their currency free floats it is often at a rate lower than the Bank run nations of the "West" and if it is fixed then it is often Pegged below such as the RMB -

what this means is the "Brics" nations have "less to lose" if they issue a Crypto parallel to their own or let a Crypto integrate into society, the "West" stakes everything on its unit of exchange, because we have moved so far away from "economics" the the idea of "production" we think has become irrelevant.

all this adds up to the fact that BTC38 and exchanges like it will in the future expand as others contract.

now to your Questions

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Answers for

Question 1.

- Facing so many coins look at the obvious spam I understand this is a business but quality is going to play a part also.

- understand that at a point "more currency" is going to depredate your reputation unless there is significant way in which you can  allow users to "Hide" or "turn off" from view the ones they don't want to see.

- Business is Business but reputation means a lot in this industry -



Question 2

voting is relevant because this adds a real "cost" to the crypto - for example if i was the NXTG scammers or other IPO scams i have done everything at zero cost -

so for example if you have voting and make it in CNY - anyone can transfer Crypto to a crypto listed there and then buy CNY to vote on a currency.

What just happened?

A - Well you know that the people that voted on the currency have an account because
B-  they had to log in and transferred a crypto to CNY  on your platform.
C- this means then that there was a cost and it doesn't discriminate The cost was in both Time and a small amount of CNY
D - so you make a vote work XXX CNY - a fairly low cost

but look what had to be done to achieve the vote THIS is the important part about voting.


Question 3


If its Pos there had to be a long PoW - period .

IPO's are dead in the water.

should have an EQ reward ( but not essential)

- Premines and etc are obvious fraud

but a lot of it can be eliminated with the vote design i outlined.


Question 4

I've mostly said it except to say - I'm Australian i know what's happening. : D

also if i go to  : http://www.btc38.com/  - so follow me here...

if i'm just a Western user  i'm going to:

1. go to the browser
2. punch in http://www.btc38.com/
3. and arrive on the page

on here there is nothing that give an English speaking person any indication that there is an English version of the site -

you need just a button that says  "Click here if you are English" (or like) and then everything changes to English.

this simple improve might boost your English speaking users a lot.


Question 5

Some of the simple things i outlined - including a few design changes - but the big one have a "ENGLISH" button right on the front page there.

do voting make it in CNY - make people have to log on make an account and transfer CNY to their CNY   account then buy votes with that, this incurs a cost in both time and money

it may give preference to account holders that already hold CNY - but that's after all the point as you are a ha ha Chinese exchange if people want to vote sign up !

Imagine that only your Family and Friends would trade at your exchange and then think about everything else.

I think you should take a look at BTC-E

I think that voting is a bad system, it's open to gaming or Sybil attacks. Rather make the decision to add coins yourself, and be fussy about it.

For instance: if you stick to coins that have been around for at least 3-6 months you will already full out a lot of pump-and-dumps.

HI everyone, we are btc38.
Here is our address http://en.btc38.com

We are open to receive good idea about how to operating an exchange.
If there is a good essay, we will translate it into chinese and publish it on our main page www.btc38.com

What's your opinion about following question:
1, If you were leader of exchange, what will you do facing so many coin?
2, It is wise to do voting?
3, what trait do you think a good coin should have？
4, what would you like to say to chinese?
5, what should we do will attract you do transaction on our website.
etc.

Please vote for us at https://bitcointalksearch.org/topic/btc38-what-do-you-think-we-should-do-is-right-know-717419


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