can someone at kraken comment on cases like this (of which there appear to be many) where hackers are able to disable 2fa without 2fa authentication?


also, PSA about a recent lawsuit which IMO reflects really poorly on kraken: Kraken issue a privacy invading subpoena against Glassdoor

kraken claims they are suffering "irreparable harm" from a handful of anonymous reviews on glassdoor, which doesn't verify the identities or employment status of reviewers. this is basically like a badly reviewed business on yelp trying to subpoena yelp for reviewers personal information!

the "irreparable harm" and "ongoing monetary damages" are not self-evident, especially since the claims are based on the unproven supposition that the reviews were left by former kraken employees. kraken doesn't actually know that, and neither does glassdoor. i don't think their position is legal or ethical and i certainly hope they aren't able to persuade the courts otherwise.

either way, this is yet another strike against kraken in the court of public opinion.

multiply that by several hundred thousand machines, and a single botnet could mine millions of dollars worth of monero. that's the usual scheme. https://www.zdnet.com/article/a-giant-botnet-is-forcing-windows-servers-to-mine-cryptocurrency/

different use cases call for different security models. i don't think we should view different security assumptions as fundamentally good or bad. they are trade-offs/compromises. i think what peter todd is saying here is very true:


this guy puts it aptly:


the ideal is to have lots of different solutions for transaction throughput with different security trade-offs that function at different costs.

in that sense, layer 2 should function as a marketplace of different protocols.

well, gentlemand is right---kraken is the only exchange where there is instance after instance of 2fa-protected accounts getting hacked. this goes back at least 3-4 years. it's always invariably kraken.

at this point, one has to wonder about hacked password/2fa token databases or insider theft. insider theft is almost the more believable scenario at this point, since this shit has been going on for so many years. when i wear my tin foil hat tight enough, it feels like an insider is draining accounts slowly and methodically enough to get away with it.

we're not in the mt gox days, but there's still a handful of exchanges (bitstamp, coinbase, bitfinex, kraken, probably binance and huobi) that have a huge influence on price.

i do think there are cases where whales try to pump/dump the market when other big exchanges are down. whales on the downed exchanges can't fight the move, so there is some rationality to it. it's a risky move nonetheless.

in general, i assume market moves are organic. it doesn't serve any purpose to speculate about manipulation.

i think the consensus = sportsbet for the next tournament. maybe another site (SwC please?) for the one after that.


i've PMed @efialtis. hopefully we can get a game set up in the lobby soon so everyone is on the same page. at this point, the 23rd is most likely.

they put out a statement saying they fully refunded everything, which is pretty upsetting. i've had to contact them multiple times and they've only refunded about half of my buy-ins.

it makes me wonder how much they are pocketing from this. they robbed everyone in late registration of chip equity but they don't seem to be reliably refunding people whether they busted out or not.

i can get over a server snafu. i can get over the shitty terms that i agreed to as a player. but this shit? feels pretty shady.....


nice!

not exactly. you can request withdrawals for BTC, BCH, BCHSV, and ETH.

Crypto Refund Schedule: Why can I not retrieve cryptos right away?


this exit still smells pretty fishy to me. let's see if everyone reports receiving BTC and ETH withdrawals.

with FXOpen, i don't think there is technically a site-enforced minimum. offers from PAMM master accounts enforce their own minimums. some have a $1 minimum, others a $50k minimum.

side note: i'm not sure they actually accept bitcoin directly. you might need to deposit through neteller, skrill, etc and then transfer to FXOpen.

i don't think any of the terms have been finalized at geco. it hasn't launched yet.

one more option i came across is FIBO group. i don't know much about them except they are registered in the BVI, they offer PAMM accounts, and they have 9 crypto markets. they accept bitcoin deposits via bitpay or the blockchain.com API and they do direct bitcoin withdrawals.

"normal price movement"?

when price moves quickly like that, it usually just indicates high open interest. lots of traders were obviously shorting near $10k. they all got squeezed at once.

here's an article from coinbase which i think explains the concept pretty well:

A Beginner’s Guide to Decentralized Finance (DeFi)

some examples of existing DeFi platforms:
https://makerdao.com/ (stablecoins and decentralized banking)
https://compound.finance/ (borrowing and lending)
https://kyber.network/ (DEX)
https://www.synthetix.io/ (synthetic assets)

FXOpen offers PAMM accounts for bitcoin and litecoin: https://www.fxopen.com/en/pamm-accounts/pamm-crypto

according to their roadmap, Geco.one (funded by an ICO ~ a year ago) is supposed to launch their new PAMM platform next month. https://geco.one/

BTC-E was always the king of crypto PAMM platforms. they left a big vacuum in the market when they went down.....

nope. zoom in to the hourly chart. bitfinex came back online 2+ hours before that big green candle through $10k. the market usually stays pretty sideways when major exchanges are doing maintenance.


what manipulation do you think took place, exactly?

if the efficient-market hypothesis has any validity, then the halving should affect prices long before the event itself. the market won't necessarily wait until may 2020 to begin moving.

look at what happened before the july 2016 halving. in may-june 2016, the price went from $440 to $780. was it due to the halving? it's impossible to tell, of course. it could be coincidental.

but it also seems silly to look at that event (and the current bull run from $6.4k to $10.4k) and act like they obviously have no visible effect on price. my gut reaction from looking at the charts is the opposite!

masterluc is drawing a very arbitrary trend line and sort of just deciding the uptrend is over now because of his internal wave b count. yet the wave b he has drawn (and also the larger degree B) are impulses, which he himself admits. it doesn't make any sense. he has a very unorthodox view of elliott wave theory.

this would be another one of those legendary predictions of old if he is proven right.

betonline has a pretty good reputation among sports bettors. they've been around since the early 2000s. they've got some pretty rough reviews on trustpilot though: https://www.trustpilot.com/review/betonline.ag

granted, most of the complaints are for slow-paying, which is typical on sites that serve USA customers. i'm assuming you're from the states, right?

there was also a scandal in 2017 around their live dealer blackjack games: https://en.wikipedia.org/wiki/BetOnline#Live_Dealer_Blackjack_Controversy

i'm trying to open betonline's browser client to check the lobby, but it keeps timing out. judging by the MTT schedule, you can get better action elsewhere.

ACR has decent cash game liquidity but they're on my shitlist right now. i'm still waiting for a bunch of refunds from a server meltdown they had a couple days ago.

tbh i'm thinking of firing up ignition casino. it's bovada's rebranded site. i'm pretty sure they carry forward the tradition of "no HUDs" which makes for more fun and casual games with less nits. they have a fat bitcoin bonus too.


i'm finding that players are much more aggressive than in the poker boom days. nitty strategies don't pay off like they used to. you're gonna need to get more creative, mix in bluffs and weaker starting hands.

if we wanna play on the 16th, we should get the game set up.

@efialtis, with no new input in the last few days, maybe you should just decide and contact sportsbet. the poll options are tied and nobody said either date was impossible.....

how could you definitively say there is no visible impact on price? take this bull run off the $6000s, for instance. how do you (and masterluc) know the market isn't being driven up by halving-related hype right now?

trading commissions on kumex used to be slightly better than bitmex (-0.025% maker/0.06% taker). they recently changed it to 0.02% maker/0.06% taker now that liquidity has improved. https://www.kucoin.com/news/en-kumex-fee?lang=en_US

like bitmex, the default funding rate is 0.01% so yes, funding fees are usually negative for shorts.

i hate relying on VPN and violating terms. it always makes me nervous about the safety of my funds.

unlike most derivatives exchanges, kumex explicitly allows USA customers. they offer up to 100x leverage on their XBT perpetual swap contract:
https://www.kumex.com/contract/guide/XBT
https://www.kucoin.com/news/en-kumex-perpetual-contract-increases-maximum-leverage-to-100x/?utm_source=tftj

the market depth isn't amazing but it has significantly improved since last year, probably because they upped their leverage limits. the perpetual swap contract is liquid enough that i can comfortably trade there now.