Topic: when an exchange kills a coin, it should follow a protocol (Read 767 times)
It all starts when a Dev abandons his coin...
There needs to be a Posse that hunts down dead-beat Devs...
And brings them to justice.
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when an exchange kills a coin, it should follow a protocol:
suggestions:
what else?
I'm not quiet sure about email notifications. Big exchanges with hundred thousands of users can have some troubles sending out tons of notifications emails at once.[/list][/list] when an exchange kills a coin, it should follow a protocol:
suggestions:
- give enough time between announcement and death - Agreed
- alert the users, preferably by email (not everyone is daytrading)
- a mailinglist that users can subscribe to might help, to be informed about important events
- cancel all open orders of that coin, put them back onto balance - Agreed
- keep the balance reachable for a few more weeks, to allow for withdrawal - Agreed
what else?
a good solution would be for an exchange to have
an automatic payout in the case they do delist a coin,
user's simply add that when they are depositing coins.
an automatic payout in the case they do delist a coin,
user's simply add that when they are depositing coins.
VERY good suggestion.
And to make it simpler, a few defaults for recipient addresses in case of delisting:
- When I have deposited coins into the exchange, the sending address is stored (*)
- My last withdrawal address is always the one that would be used
- when I buy a new coin at an exchange, that coin is listed in my TODO list = I need to provide a fallback address
Only the last case really needs action from my side then.
(*) can cause problems if that was a mining pool, or another exchange.
Back when i used to trade i would not stay with a low volume coin for very long cause i worried for my funds, I did not want them to get stuck somewhere, a good solution would be for an exchange to have an automatic payout in the case they do delist a coin, user's simply add that when they are depositing coins.
great but what if coin source code is bad? people will trade but noone will ever withdraw it?
big exchange will not follow any protocol except their own
Poloniex - Kills off coins every other day it seems. Some that still have active communities and development.
Mintpal - Promised to kill off coins, only one I know of is Cagecoin
Cryptsy - Doesnt kill off coins, lets zombie coins like Royalcoin continue trade.
Good suggestions but exchanges are going to do whatever they feel like.
Mintpal - Promised to kill off coins, only one I know of is Cagecoin
Cryptsy - Doesnt kill off coins, lets zombie coins like Royalcoin continue trade.
Good suggestions but exchanges are going to do whatever they feel like.
bump
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when an exchange kills a coin, it should follow a protocol:
suggestions:
what else?
when an exchange kills a coin, it should follow a protocol:
suggestions:
- give enough time between announcement and death
- alert the users, preferably by email (not everyone is daytrading)
- a mailinglist that users can subscribe to might help, to be informed about important events
- cancel all open orders of that coin, put them back onto balance
- keep the balance reachable for a few more weeks, to allow for withdrawal
what else?
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