I would just say be done with it. No more applying to any more non-reputable exchanges. Wait for the ERC maid and go that direction, or/and reach into our pockets and get the token on the bloody Kucoin at least.
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You know they were hacked too, right?
Honestly, I didnât. But it seems the funds were insured and theyâre still running.
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All centralized exchanges are ridiculous. The crypto is designed to remove middlemen, and people just canât wait to give their crypto to a middleman. There are UniSwap and other decentralized exchanges already. This is the future.
There is a difference between being rude/abrupt vs doing due diligence. It is possible to be both positive about the efforts and still encourage due diligence to be done.
If people piss on every fire before it starts to take hold, donât be surprised if people stop lighting fires.
My position on these small exchanges is, I wouldnât risk more than small amounts. I also wouldnât pay them any listing fee. They need to prove themselves and people need to do their own due diligence to be comfortable with their position.
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Yeah. And that difference is in the layers of importance. Doing due diligence is crucial. Not appearing rude while doing so is a formality. Like⌠the least important aspect of it all. Itâs also possible not to do due diligence and appear all shiny, happy, and optimistic. The results are abrupt, rude, and cruel.
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The rudeness I was concerned about was towards the community members who had made efforts to make it happen.
The exchange reps themselves I care much less about.
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On the dumbest emotional level, I agree. But Iâm not concerned about those people at all. Those of them capable of self-reflecting and learning will learn. The rest you could bury in blame and they wouldnât give a damn about anything other than appearing guilty in the face of public.
Iâm more concerned about the principle personified in the one who tried to think critically, and felt the need to label themselves a pessimist before somebody else does â to excuse the thinking process that dared turning on in his head â partly as an attempt not to be susceptible to âyouâre being rude towards the people who tryâ accusations.
I mean, bones felt it in his bones, but he kinda had to tiptoe around it, as not to hurt the feelings of well-meaning⌠whoever.
Like⌠If you express a sign of critical thinking, donât forget to add the âexcuse-my-pessimismâ attachment!
I believe this obsession with emotional facade of⌠positivity is twisted, and objectively much more concerning than whether or not anyone feels bad about being associated with a failure and getting berated.
A matter of sensibilities I guess.
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I get where you are coming from, but without those volunteers pursuing exchange listings, there would be nothing to even criticise.
Iâm thankful of the community efforts, even if it looks like this exchange hasnât worked out. Iâm sorry if my support of them was viewed as cheerleading for the exchange. It wasnât my intention.
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Which would be a complete disaster. Unless we can at least criticize a scammy exchange listing after a dozen of days getting robbed, we might as well be dead. 
I envision a meme.
There is the current world leader standing on the ruins of civilization. Thereâs the last common sense survivor pointing at him and yelling âyou fucked this whole world up!â
The leader points back yelling âyouâre being rude!â and adding âat least I was trying!â
Iâm sorry! I donât blame you or anyone here for any of this. Anyone but that Charles mofo of course. He doesnât even have the guts to come on and blame us for being rude. And whine our response discourages him from putting up another scam. Screw him.
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The only reliable non-hacked centralised exchange isâŚHitBTC 
âŚthat says enough about centralised exchanges.
Erc20 is the only wayâŚbefore and after launch
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You may mock, but I suspect fewer volunteers will be as keen to stick their neck out. Letâs see if those most strongly criticising will be arranging better options.
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If my mocking causes self-pity and sulking, that was not intended, but if it stops the neglectful from causing more harm, a nice side effect. Itâs not like any activity is better than being idle. And itâs not like trying to twist my observations into something more harmful than engaging with scam exchanges will do much good, either.
If the erc token becomes a reality, Iâll try to get us on forkdelta. I have been done with fishy exchanges ever since cryptopia fell, and I will rather mock desperate attempts at getting us to another than help us getting scammed again.
Hold my beer. Building a safe <> USDT exchange. Expect release in a couple months.
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Leadership requires that you:
- Take calculated risks to produce anything of value
- Learn from what fails as well as what works
- Ignore toxic people who are the first to criticize and take no risks to add any value, but are also happy to enjoy the benefits when things work out
Altillyâs hacking has little to do with MAID. The amount of MAID on the exchange wouldnât have made it worth anyoneâs time. NeverthelessâŚ
-
The calculation in taking the risk â no listing fees or requirements to provide liquidity in exchange for broader exchange access with warnings to not store any coins on the exchange
-
The learnings â all exchanges are vulnerable but small exchanges infinitely more so; DEX and large exchanges are the way to go despite the listing fees
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There are two things I never understood.
Firstly, why would people trust random noname exchanges with their money. If you believe in the Safe Network and think MAID is a good investment, then just buy it once and then hold it. That still expose you to risk but only once. Donât ask someone to keep it for you because that exposes you to continuous risk.
Secondly, whatâs the rationale behind mixing investing and trading. These two are very different. If youâre a long-term value investor then you just buy and then hold, like I wrote above; you donât need an exchange for this, only once. If you wanna trade instead (or as well) just pick a reputable exchange like Binance (they already demonstrated that they can deal well with being exploited) and trade with whatever they have. It doesnât matter if they donât have MAID because either you donât want it for trading but holding, or it really doesnât matter what it is you have as long as it has a price and some volume to work with.
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The main problem is many interested parties donât have trustworthy access to buying.
What would be helpful is if an OTC topic was created where people in favorable jurisdictions willing to sell to others could come together with those seeking to buy.
Because for people in certain markets (like the US) this is no longer an option. The only way to get MAID in the US is SimpleSwap, which imposes a premium and buying limit.
Even those of us who just want to buy need access to liquidity. Thatâs what the exchange providesâa large number of people willing to sell. Traders serve a purpose. They provide liquidity.
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Thatâs why I made sure to single out keeping MAID on an exchange as a bad idea, while I also mentioned thereâs of course a one-time risk when you gotta go somewhere to buy it.
I made it clear I wasnât against using these exchanges at all (since I can see thereâs no other option to get the thing) but against reckless exposure to ongoing risk. I mean, itâs right there after you finished the quote: