No problems with bter...though didn't read artilce in detail...
But I do have a huuuge problem with MMC/BTC, MMC/CNY, and BTC/CNY all traded on - essentially - one exchange w/ 3 markets in a feedback-arbitrage loop. 95% is robo-trading 2014...MMC used as a pump/hedge. You have 3 systems of decreasing volume...
Uncertainty / volatility / risk / movement/ action - MMC/CNY BID is most "cost-basis" certain. MMC/CNY ASK is most "Loss / risk-averse" certain.
MMC/BTC is simply a mirror of MMC/CNY based on BTC/CNY with some spread uncertainty - can use as a "time hedge" for btc movement...
But, the uncertainty "rachets" MMC down...not as pronounced in some coins...but MMC has a large "CNY vs. BTC" volume / market share
ROBO-TRADER:
BTC DOWN - Flee!!! Hit MMC/CNY bid walls...but MMC/BTC down...drags MMC/CNY down a bit more...settles...
BTC UP - Recover!!! MMC/CNY hit ask walls. Rising BTC lowers MMC/BTC ratio...puts pressure on MMC/CNY even though MMC/CNY rising...but not enough as BTC...settles lower or not up as much.