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Is it correct to write off a major currency exchange because they are meeting CoinDesk's own requirements? Especially when it's the 3rd largest exchange? As a
by mey 13y ago
Is it correct to write off a major currency exchange because they are meeting CoinDesk's own requirements? Especially when it's the 3rd largest exchange?
As an outsider it seems like a bias to prevent the perception of BitCoin's value being impacted by a bad large exchange. CoinDesk is basically acting as regulator and transparency provider, which may be exactly what is needed in the realm of crypto-currencies as the community is supposed to be self regulating.
- broolstoryco 13y agoIts coinbase's index, hence it is up to them who to include or exclude. If you dont like it, you are welcome to use a different index.
- pmorici 13y agoIf it keeps unwiting people from dumping more money in either USD,EUR,JPY, or BTC into that exchange then I'd say it's the right thing to do.
- mcherm 13y agoYes. That's exactly why they HAVE requirements for inclusion: to determine which exchanges to include. And in this case the criteria seem quite reasonable (things like allowing people to take money out) and their lack may indicate that the prices are not representative.
- erichocean 13y agoCoinDesk is basically acting as regulator and transparency provider, which may be exactly what is needed in the realm of crypto-currencies as the community is supposed to be self regulating. Many people do not believe self-regulation is possible without government's monopoly on the use of force, but many theorists do believe it is possible (and likely). It'll be interesting to see how this all shakes out.