They make money out of the fees if there in't volume there will be less money to make. It would be funny to see CW sueing CZ for libel.
Yes it would. And you are correct about the profit coming from volume, where profit margins are generally quite small for exchanges. However I would think that it might be profitable right now to have BSV listed, since many investors are going to be dumping it. 
Topic: ShapShift delisting BSV (Read 338 times)
My, my. BSV is looking more like the Titanic every day, and if occurrences like this continue there will be nowhere to trade BSV. Fork coins have a stench about them that was never agreeable to me, and I am not displeased at this news. Shapeshift is an outstanding instant trading service and this is going to be a huge blow to the coin.
Seems like Binance are starting to move the same way, caring more and more about profits and less and less about the community that built them up in the first place.
No exchange is a friend to anyone but themselves. They only exist to extract money.
S2X and all the other shit had the might of not far off every moneyed player of note. The users turned around and told them where to stick it. No one is bigger than the scene that created them. They all wind up getting a spanking if hubris gets the better of them.
In this particular case everyone other than Craigy and his skeevy bum chum recognises SV as a piece of toxic shit. I have no problem with this particular action because consensus is behind it. Maybe Binance sparked it but everyone was feeling it anyway.
It's a unique set of circumstance that won't occur again.
binance is getting too big for its own good. they're becoming the bitmain of exchanges and it's not a good look at all.
Its really too big but craving for more wont really give out possible positive results.It would be better if he do just do things that arent obviously tied up or showing up his power where he do announce things according to his likes.Looking at on BSV, he might have the points and crypto community do support his view but on the other hand it shows
how exchangers centralized are.About that Notre Dam restoration it turns out the he's already overboarding.
that's all he cares about. it has nothing to do with bitcoin or "the community".
Agreed. We saw the same pattern of behavior over the last few years with Coinbase. They started out with what seemed like a genuine interest in bitcoin's development and adoption, but then we saw their behavior change to that driven by pure profits - not giving customers their free BCH, insider trading, breaking their own rules to list the coins that their own shareholders are holding, the whole scandal with Neutrino, selling users' data, etc.Seems like Binance are starting to move the same way, caring more and more about profits and less and less about the community that built them up in the first place.
Well its going to be that way not as binance seem to be the leader of this market. Exchanges still have their option to keep BSV trading but how long will they keep it when there is no support. They make money out of the fees if there in't volume there will be less money to make. It would be funny to see CW sueing CZ for libel.
BSV is an example of what can happen with centralized exchanges. Even though he is probably faketoshi, having a few big businesses dictating the coin price so drastically is not a good thing.
Sooner we can reliably shift to secure decentralized exchanges the better. I mean seriously, Binance doesn't do much for crypto other than providing a forum to trade coins that actually are doing something for crypto.
Sooner we can reliably shift to secure decentralized exchanges the better. I mean seriously, Binance doesn't do much for crypto other than providing a forum to trade coins that actually are doing something for crypto.
But on the other hand, I'm a little bit uncomfortable with a handful of individuals having such power over the market. What if CZ announced tomorrow that he thinks BCH is the future and Binance will be delisting BTC? (A ridiculous hypothetical I know, but the metaphor still stands.) Why should these few individuals get to choose which coins are "allowed" to continue and which will die?
i felt similarly uncomfortable during the blocksize debate and lead-up to segwit activation. coinbase, bitpay et al tried to use their economic influence to force protocol changes. why? because high fees were costing their businesses money and they only care about profit, not bitcoin.
same shit here. it's really transparent what CZ is doing, same as his obnoxious virtue signalling with notre dame and other publicity stunts. it really puts a bitter taste in my mouth. this is all about building a brand for binance. that's all he cares about. it has nothing to do with bitcoin or "the community". it's becoming repulsive how transparent he is. i really wish he would just shut his mouth and stop waving his dick around for a while. i don't give a shit about BSV but it annoys me that CZ is the one who basically decided whether it lives or dies.
binance is getting too big for its own good. they're becoming the bitmain of exchanges and it's not a good look at all.
https://twitter.com/ErikVoorhees/status/1117842010793099265
Erik Voorhees confirms that they are also de-listing BSV in support of #Hodlonaut.
Erik Voorhees confirms that they are also de-listing BSV in support of #Hodlonaut.
faketoshi has already done a lot of damage in the crypto world, and many people have already realized this and that's why they will do everything to remove it from the crypto world
Why should these few individuals get to choose which coins are "allowed" to continue and which will die?
they are the owners of the exchanges and there is nothing wrong with them choosing which currencies should be in their exchange and which currencies should not be in their exchange, and this was the opportunity for exchange owners to show their great power so that faketoshi remembers that he is not the owner of the crypto world and is not the most powerful
Exactly, I'm worried that exchanges have so much power to kick out coins right now. It may have set a precedence.
I think this is a total one off myself. I really don't believe there will ever again be any project so universally despised that everyone comes together in this manner.
Exchanges have happily hosted demonstrable pieces of shit for years. The difference is that the people operating them kept themselves to themselves.
Exactly, I'm worried that exchanges have so much power to kick out coins right now. It may have set a precedence.
They are centralized. They always had and always will have this power. It’s up to the community to agree with their choice (what happened with BSV) or not (then, just move to a different exchange, making they lose money).Quote
I agree that we all hate what Bitcoin Cash did to the ecosystem back in 2017. But it's unlikely, even if that online petition gain traction to suddenly delist BCH as well. Roger Ver is not that stupid as compare to CSW to make a sudden move that will cause Binance to delist them as well.
There is no valid reason for them to delist BCH just because a part of the community hates it. Remember they make money on trading fees. 
So I doubt that they will exercise they kind of power again.
Sure, but I'm uncomfortable they even have that power to begin with. The whole point of crypto was to move away from money being centralized, and other people having control over your funds. Now sure, these are private companies and can delist whatever they like, but having such power over the market with no oversight makes me a bit uneasy.Exactly, I'm worried that exchanges have so much power to kick out coins right now. It may have set a precedence.
I can't see BCH ever being delisted unless Ver goes wild like CSW has. Coins which are even scammier than BCH like Bitconnect and EOS haven't been delisted on the basis of "scaminess" alone. It took CSW trying to sue people over nonsense for SV to be delisted.
I agree that we all hate what Bitcoin Cash did to the ecosystem back in 2017. But it's unlikely, even if that online petition gain traction to suddenly delist BCH as well. Roger Ver is not that stupid as compare to CSW to make a sudden move that will cause Binance to delist them as well.
So I doubt that they will exercise they kind of power again.
Sure, but I'm uncomfortable they even have that power to begin with. The whole point of crypto was to move away from money being centralized, and other people having control over your funds. Now sure, these are private companies and can delist whatever they like, but having such power over the market with no oversight makes me a bit uneasy.I can't see BCH ever being delisted unless Ver goes wild like CSW has. Coins which are even scammier than BCH like Bitconnect and EOS haven't been delisted on the basis of "scaminess" alone. It took CSW trying to sue people over nonsense for SV to be delisted.
There is already a petition going on here, https://www.ipetitions.com/petition/delist-bch-from-all-exchanges
I don't know if this will hold grounds for now. And I'm sure Roger Ver is keeping low profile right now, he doesn't want to be involved with this BSV delisting otherwise he will attract attention and soon will be the target of bitcoin cleaning, so to speak.
I don't know if this will hold grounds for now. And I'm sure Roger Ver is keeping low profile right now, he doesn't want to be involved with this BSV delisting otherwise he will attract attention and soon will be the target of bitcoin cleaning, so to speak.
Unlike the chicken fiddler Calvin Ayre, and the well known liar and pest Craigy, Roger Ver has a lot of money invested in long standing companies like Kraken, Blockchain.com and others. I don't know how much autonomy they have but getting rid of BSV is a piece of piss in comparison. It's a watery, yellowy/green shitcoin.
Bcash is less clearly the sole pet of two anuses too. There are more anuses involved.
Kraken is about to delist them as well, and I hope plenty more services/exchange will follow.
I wonder if Roger will take it easy now the community has clearly spoken against those who try to deceive others. I honestly believe that Roger inflicted more harm on actual users than CSW with how he scammed people making them believe they were buying Bitcoin, but actually bought BCash. He has also been contacting merchants tempting them to remove BTC as payment option.
Hope BCash gets delisted too.
I wonder if Roger will take it easy now the community has clearly spoken against those who try to deceive others. I honestly believe that Roger inflicted more harm on actual users than CSW with how he scammed people making them believe they were buying Bitcoin, but actually bought BCash. He has also been contacting merchants tempting them to remove BTC as payment option.
Hope BCash gets delisted too.
There is already a petition going on here, https://www.ipetitions.com/petition/delist-bch-from-all-exchanges
I don't know if this will hold grounds for now. And I'm sure Roger Ver is keeping low profile right now, he doesn't want to be involved with this BSV delisting otherwise he will attract attention and soon will be the target of bitcoin cleaning, so to speak.
Either of the two did it because they know how fraud Craig Wright is, meaning they have a good intention delisting this shitcoin.
So I don't think that they will do it just because they wanted to, so I doubt that they will exercise they kind of power again. They didn't choose it, the people has spoken, in case of Kraken with majority voted to de-list it as well.
So I don't think that they will do it just because they wanted to, so I doubt that they will exercise they kind of power again. They didn't choose it, the people has spoken, in case of Kraken with majority voted to de-list it as well.
I really have mixed feelings about this.
On one hand, SV is a prime shitcoin, CSW is a fraud, and it should never have come to the coin being delisted, because it should never have been listed in the first place. I'm glad to see the back of it.
But on the other hand, I'm a little bit uncomfortable with a handful of individuals having such power over the market. What if CZ announced tomorrow that he thinks BCH is the future and Binance will be delisting BTC? (A ridiculous hypothetical I know, but the metaphor still stands.) Why should these few individuals get to choose which coins are "allowed" to continue and which will die?
On one hand, SV is a prime shitcoin, CSW is a fraud, and it should never have come to the coin being delisted, because it should never have been listed in the first place. I'm glad to see the back of it.
But on the other hand, I'm a little bit uncomfortable with a handful of individuals having such power over the market. What if CZ announced tomorrow that he thinks BCH is the future and Binance will be delisting BTC? (A ridiculous hypothetical I know, but the metaphor still stands.) Why should these few individuals get to choose which coins are "allowed" to continue and which will die?
Forks are mostly made to make creators rich. This is no exception.
Sad for the people who were scammed by that, losing their money.
Sad for the people who were scammed by that, losing their money.
It seems the sentiment got a big part in it with the delisting. A bit worrying if X coin got delisted and the rest is following that rapidly.
BSV is really taking a big hit when Binance started this sort of "delisting campaign" on them. Kraken official say's it will also de-list them and it will have domino effect. I'm assuming that it could also benefit Bitcoin price here, specially if you are really smart, dump that BSV and then move everything to Bitcoin market. And wait, blockchain.com also joined as well, (https://twitter.com/OneMorePeter/status/1117870179944259584).
It's funny how all the BSV maximalists are still pretending to not be bothered by this, while their life savings are taking a massive plunge. Mass delisting + bad PR = bye bye for nChain and CoinGeek.
The sad thing about this is that genuine developers due to contractual agreements with these assholes, can't move to other platforms, so they have to continue going through this till the price bottoms out just over of under $25.
Once again a reminder that you should cash out fork coins directly after the split. I held some BTG just in case it would pump hard, but that turned out to be a very bad decision.
The sad thing about this is that genuine developers due to contractual agreements with these assholes, can't move to other platforms, so they have to continue going through this till the price bottoms out just over of under $25.
Once again a reminder that you should cash out fork coins directly after the split. I held some BTG just in case it would pump hard, but that turned out to be a very bad decision.
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