As some of you may know, I run the Phil's COTO Exchange network. I start doing this as a way to help combat the "pay to win" naysayer. If the premium currency can be bought and sold for normal currency at a fair market rate, then no cash is required to excel in SoTA and the argument is moot. While this has been a profitable endeavor, I have tried to keep my prices as fair as possible by letting the supply (those people selling to me) dictate the base value. Though, that has not been easy. At times, I've tried to calm the market by keeping my sell prices lower during wild market shifts. Rarely to any success. But, I tried. I feel, a health, market driven economy is important to the success of any multiplayer game and it is worth my time to participate in that economy here. Of course, Phil's have not been the only exchanges available. There are, and have been, a number of other's that run fair and equitable exchanges and the competition has been very satisfying to participate in and observe. However, there has been a recent trend I've seen that is the crux of this post. Over the last few weeks, I have seen a number of "Exchanges" who's business model appears to rest primarily on using cheaply purchased gold to completely empty out other exchanges, to then resell those same COTOs and double or triple the original profit margin. While I am a proponent of a fair and open markets, and the basic idea that the value of a good is set by the price a market will bear, I do not see this as an equitable practice. In the case of Phil's vendors being emptied out a number of times, of course, has been profitable for me. However, if the real market value for COTOs is so much higher, then my supplier customers are not getting a fair shake. I am, in effect, ripping them off because the real market value is higher. Additionally, any buying customers are finding only empty vendors as 1 or 2 large customers empty them out. Sometimes, within minutes of me updating them. An argument could be made that everyone is profiting in this chain. So, no need to worry. While perhaps true, it does not appear to be sustainable since those driving the prices up are not directly participating in the supply market. Because the supplier customers cannot sell directly to these other exchanges, they cannot see the real market price for their COTOs. Likewise, because the buyers cannot buy from the empty vendors, they can not see the real market price for COTOs. By blinding both sides, this can lead to easier manipulation of the perceived market value. This is my concern. So, this brings us to my message for the COTO Exchange Managers. Please, directly participate in both sides of the market. Refrain from buy from or selling to other exchanges. We can easily put up our own buy and sell orders at whatever price we want. Let us commit to letting the customers decide who they deal with and what price for both sides of the market. My message to COTO Exchange customers is simple. Buy and sell to the vendors with the best value. You are the market. You set the value.