Another less than ideal situation occurred today when Poloniex announced it will be delisting STEEM. Trading of STEEM will be disabled on Oct. 15. Withdrawals will be permanently disabled on Nov. 15. This is another blow after US Customers have been kicked off of Binance and then evidently OpenLedger just took everyone's STEEM. I'm not really sure what happened with that. I didn't have any over there.
Honestly I hate exchanges. Creating a way to not have to use this has been extremely tough because of the legal landscape. I just wish something like Komodo's BarterDEX or some other DEX system could almost be fool proof somehow.
I don't know how many of you have used NewDex with EOS but it is pretty cool. I just don't know the legal ramifications of something that utilizes a centralized web hosting / domain registration like that because then some legal entity could go after whoever managed the website.
It almost has to be some situation where several nodes around the world are redundantly hosting the website to make it decentralized and then all transactions are all smart contract based. It isn't an easy problem to solve that is for sure all while trying to make it easy to use.
Steem Dollar 24 Hour trading is down to $20,466 USD which isn't good. I guess we could hope that some group tries to pump the price of STEEM Dollars way up like happened in 2017 to pull the price of STEEM up but hope is for high school. It is probably unlikely because of the debt ratio being pretty high.
