Crunk, the community is not happy with the 'growth rate' of the coin. Many of them want some sort of inflation control. I do not believe inflation control is needed. Reference DOGE coin to see why. We can still grow Sprouts, don't get me wrong. The hardfork was suggested as a way to move away from the inflation. I would personally like to keep inflation as it is, although this being a community coin, we have to move as a community, or not move at all.
The fact that Cryptsy has gone belly up has caused a wealth of Bitcoin flow to leave the Sprouts market. We were getting 10-20 BTC market flow per day when Cryptsy was working as it should. Now we have half of a Bitcoin market flow on Bittrex. We can still thrive with this, although Sprouts is not flowing like it should. For some reason we were getting a lot more attention on Cryptsy. I would LOVE to see that attention move to Bittrex. Although, we have yet to see it. Feedback is needed and we can work on moving forward. I must announce though, Cryptsy has shot us in the leg. We are limping at this point. We need the community to come together to heal from this wound.
Ah I see now what you mean.
Personally I am not a fan of Bittrex either in my opinion Richie has got too big for his boots as well and feels he can do what ever he likes, and both the exchange Bittrex and Cryptsy don't care about coins like this one and the damage they are causing.
My SandG coin is invested in Sprouts so I have a reason to see it succeed, so if there is anything I can do to help please just ask, and when I do buy or sell Sprouts I use Cryptopia to accomplish it.
Thanks
Crunck
heh please enlighten me as to what I've done or explain what damage Bittrex has caused. I would like to know if we are doing something that is negatively impacting anyone.
richie@bittrex
First off I said in " my opinion" and that in no way is linked to sprouts.
And that is what it is an opinion, I don't see how you help young and up coming coin by charging the amount of
BTC you do, and then throwing them off when they have a bit of a bad time and the volume dips, but as i said that is my opinion only, and I guess you have a business model and as such the fee's and delisting is a necessity, i just feel you are in a position to be able to help new and improving coins and dont do enough, of coarse I dont know everything you do or dont do and you may do a lot i havent seen or noticed but i can only say as i find
Cheers
Crunck
That's fair and everyone is entitled to their opinion, but I think some your facts are off. Less than 10% of coins ever listed have paid, and it was on their accord not ours. If a coin wants us to rush launch them on their schedule we ask for a fee. I don't think that is unfair. We have listed over 600 coins that never paid a dime.
Also, I'm not sure what position you think we are in; the only thing we can do is perform our due diligence and list coins that pass our compliance bar. Our checks over the past 6 months have gotten even more vigorous because of all the scam coin launches that preceded them. We cannot do anything other than provide a secure service that works smoothly. Anything else we do would make us bias to a coin or developer and that is not something we engage in.
As for volume, we don't even look at volume until a coin has been trading for over a month. De-listing is part of every healthy ecosystem. Nasdaq/NYSE all have rules around market cap/volume/etc. We have been very transparent of what our requirements which are published. Even with those requirements, any coin that has an active dev or community usually gets a free pass for a while. I'd personally rather have all active markets than a bunch of dead markets no one cares about.
None of these things are because I'm "too big for my boots" or Bittrex not caring about a coin. It is a necessary evolution of how an exchange has to operate given the market conditions. If you have ideas on things that we can do that would help, I'm open to any suggestions you have, so please feel free to PM me.
thanks,
richie@bittrex
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