For those who may not know, there is a larger volume CNY market for most virtual currencies at bter.com (See CNY on top nav menu), along with what may be the more visibile MMC/BTC market.
Bter is pretty much the only MMC exchange based on market percentage. What do people think about having such a large percentage of overall exchange traffic be MMC/CNY, or MMC/fiat in general?
It seems like we're competing with BTC / other coins, and arbitrage b/n MMC/CNY and BTC/CNY seems to have a large market impact...MMC/BTC spread is larger than MMC/CNY spread. Could probably say MMC is just a global money sink to CNY at this point. Is Itsik marketing to CNY users?
What would happen if overall MMC network were more (or only) MMC/altcoin exchanges – e.g., if we de-listed from Bter's MMC/CNY market, added to cryptsy, or "re-directed" traffic to poloniex, et al?
http://bter.com/trade/mmc_btchttp://bter.com/trade/mmc_cnyhttp://bter.com/trade/btc_cnyBTW: Here's the page to trade your BTER points:
https://bter.com/trade/btr_cny