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RE: Exchanges Halt Transactions for GRC while Mandatory Update roles out

in #gridcoin7 years ago

There are more services than trading, and this post is about notifying all of you who use Gridcoin for whatever you may use it for.

Poloniex + bittrex have like >99% of the GRC trading volume. As long as they don't close the doors, the rest of the exchanges halting so far is "not much of a significance".

I find it most concerning however, that the two biggest exchanges are so ignorant that they don't even respond to either Tweets, Support tickets or e-mail regarding the updates. The halting of transactions was recommended due to the few issues the old client had, that is now fixed in the new.

A response from the exchange is positive, and halting means they are ready for the update or has already done it and are just waiting for the mandatory confirmation block.

A massive outcry was made when security researchers did contact the gridcoin community last fall, where a response was left out due to it was sent just to Rob, who missed the whole thing.

Now we are talking exchanges that are holding massive amounts of peoples money, and you say it's a good thing that they aren't shutting down?

If they are so ignorant and that they miss the window in 5 days (they already had 6 days prior!) time, their trading will be halted no matter what since their wallets will be outside of the main chain. WHICH IS A BAD THING.

So no, this is not good.

as long as they don't close the doors, the rest of the exchanges halting so far is "not much of a significance".

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I find it most concerning however, that the two biggest exchanges are so ignorant that they don't even respond to either Tweets, Support tickets or e-mail regarding the updates.

me too

and you say it's a good thing that they aren't shutting down?

where did I say that ?

I took your following as you found it as a good thing, maybe I misunderstood it.

as long as they don't close the doors, the rest of the exchanges halting so far is "not much of a significance".

It's good that you also find it concerning.

You two seem in full agreement in this entire post tree. =P

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