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> I would bet every single crypto exchange has their hand deep in the honey pot I really doubt it. These exchanges are making unbelievable amounts of money in
by darawk 9y ago
> I would bet every single crypto exchange has their hand deep in the honey pot
I really doubt it. These exchanges are making unbelievable amounts of money in fees. There's no reason for them to risk that just to make a little more.
- drawnwren 9y agoUntil now, that 'risk' has closely approached 0. In the case of Mtgox, it may have actually turned out to be negative.
- ceejayoz 9y ago> There's no reason for them to risk that just to make a little more. Martha Stewart's insider trading saved her a grand total of $45,673.
- spookthesunset 9y agoThese exchanges are all operating completely outside of any regulation or oversight. I wouldn't be surprised to find if most of them were completely insolvent and didn't hold a good majority of the crypto currency they claim to. I also wouldn't be surprised if a good fraction of their exchange volume was completely fabricated. If you use these exchanges, you are basically playing in a wild-west casino where the house has every single advantage and every incentive to siphon off every dime of your money.