Author

Topic: Exchanges make 1million per month on POS dumping. (Read 963 times)

hero member
Activity: 574
Merit: 523
A good reading why you should not
a) keep your coins at any exchange
b) use 'universal' passwords

https://bitcointalksearch.org/topic/m.9308830
legendary
Activity: 1442
Merit: 1001
Where is our cut? POS payments should be paid out to coin owners, just like dividends.

Instead, exchanges take that POS payout and dump it into the market each and every single day.
We are taking about real money here, one millions every single month, free money for the exchanges.

As customers, We have to change this practice.

Wakeup call - if you don't have the private key, then just be pleased that you are ONLY losing the POS payment. Everyone that had their coins with Gox thought it was a good idea, right until it wasn't.
newbie
Activity: 53
Merit: 0
Better yet, keep your coins off exchanges.
legendary
Activity: 910
Merit: 1000
PHS 50% PoS - Stop mining start minting
Easy. Don't keep POS coins on exchanges. Send them when you want to sell them.

Yep ! Free markets and all
sr. member
Activity: 280
Merit: 250
Easy. Don't keep POS coins on exchanges. Send them when you want to sell them.
newbie
Activity: 28
Merit: 0
Where is our cut? POS payments should be paid out to coin owners, just like dividends.

Instead, exchanges take that POS payout and dump it into the market each and every single day.
We are taking about real money here, one millions every single month, free money for the exchanges.

As customers, We have to change this practice.
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