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RE: PSA: Do not send your Steem or SBD to Poloniex

in #poloniex7 years ago

I actually think we're now seeing the dark underbelly of lack of provision from systems which were not designed to scale. Next generation exchanges like WCX will perform at lightspeed and I think that exchanges which successfully deal with ongoing wallet suspension issues will be the disruptors. That's pretty poor play from poloniex. they seem to have built a wall of silence around themselves and will undoubtedly lose business. Generally they are very fast for trading but they risk their reputation being so heavily tarnished with ineptitude and suspicion that that may fail to attract a significant proportion of new business. If that happens, they may disappear within the next couple of years. It's not like they don't have the money to invest in improvements ! having said all that, their system is much easier to use and suited to professional rather than hobbyist use, than some other exchanges which I won't mention here.

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They might disappear in the next few days with about 40 Million (USD value estimate) just in Steem alone!

Yeah, seriously. How can they just steal from all of us and remain a currency exchange?

I'm not sure they're that dumb ! if that was steem dollars, perhaps :)