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RE: Lets Do This to Support STEEM Everywhere
Hi, thanks for your input. I understand well your concern. Have you tried Poloniex? I'm not a big fan of Poloniex either, but since we use it primarily as an exchange, we can easily sell our SBD there and withdraw BTC with ease.
But the future, i'm in favor for Binance to support SBD.
Hey, I since I've got your attention, would you support using one of your witness votes to vote for a witness (IF) they accomplish the challenge of getting STEEM or SBD on a major exchange. You have so many witness votes left to use. It couldn't hurt.
Sure thing, let me know which witness you are talking about. I can upvote it :)
Thank you!
Both Ploniex and HitBTC trade STEEM and SBD. The problem is that they stopped using the main wallet that allows STEEM and SBD transactions in and out of the exchange. It has been this way for 5 months. You can buy all you want, but you can't get it off the exchange. Don't dare to send SBD or STEEM to the exchange because the currency will get stuck on the wallet that isn't being maintained.
Have you notice the massive price swings of SBD on HitBTC?
HitBTC is not really trading any SBD. It is all fake. Investors are winning and loosing big on it with real money, but the virtual supply of SBD on HitBTC is fake.
Her is why. HitBTC has abandoned the central STEEM/SBD wallet for 5 months (presumably forever). Within their exchange they have a virtual wallet system. Normally when you transfer STEEM or SBD in or out of the exchange, you would send it through a central wallet via a memo to keep track of who has what.
Since HitBTC has abandoned their STEEM/SBD wallet for so long, people who have transferred any STEEM/SBD into HitBTC have long since sold it for something else or just abandoned it.
You can go and look at the HitBTC STEEM/SBD wallet and you will find that nothing is happening to the balance.
So what are they trading?
Answer: It is fake money. Make believe. It is not real.
The only thing is real is investors are buying up this fake virtual money on HitBTC and trading it in high stakes gambling.
If HitBTC keeps up this system of fake currency trading on their exchange, people will eventually learn that HitBTC is not a real exchange and abandon it.
Poliniex is doing the same thing as HitBTC.
In summary, No-one can use Poloniex for STEEM or SBD.