Hello guys
I recently checked the top 30 coins listed on coinmarketcap and I came to a (rather scary) conclusion. Nearly all of them are listed on Poloniex. All of them with staggering growths. Huge amounts of tradings happen on Poloniex. According to coinmarketcap more than 30 percent of Bitcoin traffic goes trough Poloniex. Siacoin 55 percent. Stratis 62 percent. These are numbers we should not be happy about. Whole the idea of blockchain is decentralisation, yet nearly all traffic goes trough one channel -Poloniex-. The great bitcoin Bubble happened because of the downfall of one trading-platform. One of the biggest at the time. I think it would be of great importance that trading not only relies on one or two platforms. Imagine the idea of a Poloniex fall-out. More trading-platforms are a necessity if we like to have a stable and safer bitcoin/altcoin market. What are your thoughts or ideas about this?
I recently checked the top 30 coins listed on coinmarketcap and I came to a (rather scary) conclusion. Nearly all of them are listed on Poloniex. All of them with staggering growths. Huge amounts of tradings happen on Poloniex. According to coinmarketcap more than 30 percent of Bitcoin traffic goes trough Poloniex. Siacoin 55 percent. Stratis 62 percent. These are numbers we should not be happy about. Whole the idea of blockchain is decentralisation, yet nearly all traffic goes trough one channel -Poloniex-. The great bitcoin Bubble happened because of the downfall of one trading-platform. One of the biggest at the time. I think it would be of great importance that trading not only relies on one or two platforms. Imagine the idea of a Poloniex fall-out. More trading-platforms are a necessity if we like to have a stable and safer bitcoin/altcoin market. What are your thoughts or ideas about this?
your post seem and sound of giving much credential to poloniex.
poloniex, bittrex or kraken, if any one of these exchanges fall-out crypto would screws a couple years back, not just limited to poloniex. i'm worry more of bittrex fall-out than poloniex, it would impacting more coins.
just hope none of them exchange getting screw
I dont know what makes you feel more worried about bittrex than poloniex because trex actually is top notch in regards of security, has never been hacked before, and the founders have extensive backrgrounds in the IT, security field.
And what about poloniex?
read my last sentence on first paragraph.
i didn't say polo is safer than bittrex or bittrex is safer than polo. what i'm saying crypto would be more damaging if bittrex failed than polo failed, and will always is.
