BitShares Forum
Other => Graveyard => MemoryCoin => Topic started by: MaxPWR on February 11, 2014, 02:08:59 pm
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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_btc
http://bter.com/trade/mmc_cny
http://bter.com/trade/btc_cny
BTW: Here's the page to trade your BTER points:
https://bter.com/trade/btr_cny
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CryptoRush uses MMC as well.
Right now I use Bter and CryptoRush.
I do like that the more Bter points you have that you get a monthly % of the fees if I am reading the info on them right.