The more I think about it, the more that warning is a drastic overreaction to a minor issue.
The whole thing has been handled very poorly by Burnside. I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.
The whole thing has been handled very poorly by Burnside. I've lost some faith in the exchange because of this whole incident. Making up rules as you go along is not the way to earn my trust.
You only say that because it effects your share price. Labcoin has been acting shady as hell. I say that as a shareholder being unbiased...this warning will make Labcoin re-think pulling the same crap in the future, and know there are consequences.
No, I say that because Burnside has handled it very poorly, acting essentially on whims.
Putting up a warning like that is VERY serious, as was evidenced by the reaction to it. What was the process for it?
Where is this process documented? Where was it discussed?
Labcoin should be responsive, sure. That in no way absolves Burnside of his far too casual handling of the whole matter.
Today it's Labcoin, but it could be any offering on the site. We don't know when Burnside is going to decide to interpret things however he wants and take essentially random actions.
Burnside gave them multiple opportunities to make good on their promise and they never did. What the hell else was he suppose to do? Keep begging them for weeks/months/years on end and never get a response. All they have to do is provide him with the proof and it's over. But they can't do that!
