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RE: Poloniex Have Disabled Withdrawals Of STEEM & SBD....AGAIN!
Yeah I read a comment last night, I'm sure, regarding the exchanges and how if crypto is to go mainstream then it has to sort out these issues with exchanges. In a way it's still border line amateurish.
Can you imagine what would happen in a mainstream forex exchange if they froze wallets/accounts of individuals/traders? It would be the death knell for the exchange!
Completely agree, the potential for these businesses is huge, especially being in there early with the opportunity to create client confidence, but they need to up their game significantly to keep the business.
There are multi-national companies, such as Barclays, starting to show an interest in this space. At the moment, should I have a choice between Barclays and Bittrex, poloniex, kraken, etc, it's a no-brainer which I'd choose.
These exchanges have an opportunity, for a time, and they need to take it.
Aw it would be carnage if a forex just froze!
That's the thing though, they don't seem to realise that they are in early, so sort this nonsense out because they are earning enough money from all the trades done each day.
The Poloniex exchange has something mad like $50 million dollars in their STEEM wallet and it's not even a top 10 crypto on their exchange so it really is no excuse which doesn't give me confidence in their ability yet alone trust them with this type of money.
I understand what you are saying about Barclays and this is what we are trying to get away, the centralised banks, yes it's an exchange but it's still a bank, but I could see people flock to them pretty easily.
Just sort your shit Poloniex!!