Cryptocurrency exchanges can be called the rope of cryptocurrencies, with the increasing demand for these coins and more enthusiasts wanting to spend and make money from trading in these non-fiat currencies. John McAfee, one of the most famous faces in the crypto-world, recently posted multiple tweets targeting HitBTC, which moved a lot of attention towards these exchanges.
Why target HitBTC?
Some of the tweets from John McAfee that point towards the ends for him to attack HitBTC are:
“I fired the first shot in the war that must be fought. Our exchanges are connected to our banks and our governments. To take down the entire system, we must first take down our exchanges. Distributed exchanges are coming. I have singled out @hitbtc because they are the worst.”
"@hitbtc I will be your worst enemy until you prove that you are aligned with our community and are truly interested in helping the poor. You have not done shit to help access the only free healthcare in the world.”
McAfee’s central matters are that the policies of HitBTC are not “favorable” to help the “poor.” He states “these poor people cannot afford the minimum buy-in since it is greater than their monthly income."
After quoted tweets from McAfee, HitBTC ultimately responded with a post stating “get well soon John, your friends at HitBtc.” The HitBTC team later posted another reply explaining their prices and the way they have produced their algorithm. The organization also asked McAfee to teach them on this issue and showed that “most of the exchanges” face the same difficulty.
John McAfee responded by asking the team to gather on the redressal bit of the issue that is controlling. He also stated that they have “unjustly subjected Docademic” which has ended in the death of “unknown number of people.”
HitBTC works from an “unknown location” and has already been subjected to a lot of objections directed towards “accidental coins loss claims.” In 2015 the exchange was hacked post which they did not show how many coins were stolen and declared that “no user funds were affected.”
This issue brought a lot of recognition from traders with some of them posting their attention regarding this exchange.
Orbitcoin, a crypto enthusiast, and a Twitter user stated:
“Think what he’s saying @hitbtc is you should make money from trading fee’s not withdrawals so set the price at what its based ETH rate to alts maybe 2 satoshis for your self, also stop forgetting to add a 0 to the price of some markets making things seen cheaper, its 0.00000000.”
PotLuckCannabis, a Twitter user stated:
“@hitbtc’s hold on my MTC withdrawal caused me to miss the June 2018 airdrop! I’m pissed about that. Not fair!.”
krisbrace1, a trader and a Twitter user stated:
“Only exchange I know of that makes you buy, sell and withdraw in even, fixed amount, I have a bunch of small balances on multiple coins stuck on this exchange and the highest fees of any exchange I’ve used.”
On the other hand, some users came in supporter of HitBTC.
GProductionsNYC, a crypto enthusiast, and Twitter user stated:
“John, give us a break will ya? You know how many exchanges there are doing the same shit @hitbtc is doing right now? It’s not just them. The best thing you can do with that $20M is incrementally purchased BTC during July and single-handedly turn the market around.”
source:icolancer