By the way who even knows IF yobit even bought on the ICO and how much. They may even be selling "lisk" that they have to buy when lisk launches.
Indeed
That sounds soooo sacmmy. Do you think that is what they are actually doing?
Obviously they are not. Just like Gatecoin they have a chunk of the ICO, and are floating the market with it. There is no business scenario where it makes sense to run a scam for a few 100 btc.
Exactly. Look at the business Gatecoin received from their REP IOU.
Hell, even the amateur-IOU for Ethereum sent their 'customers' the actual crypto. There is just no point to running some kind of scam using IOU, because if you aren't big enough for it to cost more than it's worth people won't trade it.
I understand Lisk wanting to protect their customers, that's noble. On the flip side, if they think they can somehow control market forces, they are kidding themselves. It blows my mind that they seem surprised this would happen. As you already referenced Gatecoin, this was predictable. The announcement about pushing back the deadline made it even more predictable. I just thought Gatecoin would do it first.
Yep, I also thought gatecoin would beat them to it. But YObit makes sense, they are older in the market and respected in Asia. As exchanges evolve, this will be more and more common as a way to attract customers. I know Gatecoin already have a deal with slock.it and will do the same with their ICO.
