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It is reported there is money and there is no reason the remaining creditors won't be covered. Readin silly comments of no-sayers.
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3 - 4 times today can't submit order, good it wasn't a position existing order.
Been very unusable today Kraken. Normally 3 - 4 such errors per week but today got that much in a day.
I mean this doesn't seem usable for day trading. Getting "Unable to submit order" etc errors.
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Sorry if this is redundant thread.
MTGOX is on trial again.
We want our money back, since looks like they still have a cashe of coins which now can cover all losses.
I lost some money on route to MTGOX that got stuck in the Polish bank.
These individuals, have to be brought to justice. If don't support and rant about this, crypto won't succeed or at least centralized exchanges won't.
Glad to see the MTGOX guy is tried in court again. Pleaded not guilty. How do you have the eyes to plead that you lying thief. There is enough money from their money for full investigation.
The work of making crypto a true liberation anti-private-fiat money system will take all our efforts.
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ICOs are good for the longterm. All Crypto development is good for the long term. But don't disturb the short term too much. Like the miners have their own power, the short term traders do too.
We need to tell ETH and the Vitalik team: Please issue a policy/recommendation to the ICOs and have them cash-in slowly. Have a way to prove it.
That is all.
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This is mindless FUD.
He is saying "IF I wanted to do that" implying he stays with Ether and traditional equities.
They are already addressing the network issue. It is on their github.
Ether is falling little more due to the correction from Bitcoin. After Bitcoin corrects back up, so will Ether. As it has been over the last month.
But I guess, all sorts of people here have their own agendas.
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ETH is currently following Bitcoin as it always has. Wait for BTC to go up and u will see. Do not panic sell. 2 or 3 downward movements coincided... but once BTC goes up again, the price will pick up nicely.
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If this price retraction is due to the ICOs cashing in, there should be a limit on how quickly they can cash in ... to avoid market disruption like today......
==========
I was thinking those ICOs recently, including yesterday's 67 million, those must have been cashing in last days, hence helping the price down. Yesterday's 67 million, at least some part of it will be cashed in this week, if it is not being right now.. again keeping the price down.
This combined with the retraction following the surges from 2 - 3 weeks ago .... Pretty normal that the price has retracted somewhat. The ICOs are totaling what , 500 million cashed in so far ? If that. Out of 30 Billion USD market cap, the price retraction must be largely due to market/demand and not just ICOs.
So in the mid-to-ongoing term these ICOs will help keeping the price down. But these ICOs are necessary. They are part of the coin community and help us grow. In the longterm the ICOs help ithe masses recognizing coin money as an alternative to paper/electronic money monopoly.
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BUY SOME NOW !
After it forks you will have two amounts of its value. Potentially multiplying it, if both versions are successful like Ethereum/Classic.
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I am surprised there has been no mention of Segwit2X, this has a planned release for July 21st, and so if this gets acceptance, this will be the defacto bitcoin (imo this is the best compromise, larger blocks and segwit activation). With my understanding, if this is successful before August 1st then 148 is moot, as it is already activated within Segwit2X.
Maybe someone with a better understanding can explain this better?...
I think if you give the maximum benefit of the doubt you can possibly give the miners, they are behaving the way they are behaving because if Segwit alone is all that's implemented, they believe, rightly or wrongly, that the future for them will be collecting fewer main chain fees because of Lightning network, and only dust-like fees from actual Lightning network transactions. Combine this with ever diminishing block rewards, it's possible they see their financial future as dimmer and dimmer in bitcoin. So really they need to see something positive from their future fee collection standpoint, and a bump to 2Mb blocks is something they can point to as a "life line" for their future. That's the absolute most benefit of the doubt scenario I can come up with, and if it's close to reality (doubt it's the entire story) then your scenario may come to pass. It's just that this hard fork to 2 MB is going to be so difficult and so contentious....could get nasty. Ye, it does sound like Bitmain and its other big mining brothers are afraid of control not being dependent on their mining equipment ? It does seem to me that Bitmain and its 4 other brothers ( all i know is someone said there is 5 big miner companies at the moment ) are not playing fair here ... So Bitmain doesn't seem to have the moral ground. ( I am still not entirely sure who has the Moral here though.. To me this has to be the group of people that supports the openness, fairness and decentralization of Bitcoin... which are the most important factors for Bitcoin's success ) However. Bitmain, Coinbase and 23 others are supporting their own fork change, involving 2 mb size increase. This group has 83 percent of the hashing power, according to their own post so this means whatever happens they will do their own thing ! So we have two teams: Team1. ===== Bitcoin Core Devs These guys: https://bitcoincore.org/en/team/Maybe these guys ? https://bitcoincore.org/en/segwit_adoption/ Why is Coinbase/GDAX in both teams ? Team2. ===== Proclaimed hollders of 80% of the hash power: Bitmain, Coinbase and 23 others. These guys: https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77Both parties want to implement a change and both seem determined to implement it. Team 1 Wants to implement the change using this: https://bitcoincore.org/en/2016/01/26/segwit-benefits/Team 2 Wants To implement the change using this: https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/Both parties seem so determined that in fact after 1st August there will two blockchains ( I am not a super expert so don''t take me as if I am god on this ). And indeed us holding our coins is the way to be safest. If Team 2 is indeed that commercial group that has monopolized the hashate, then they will do their own thing no matter what. If Team 1 has only up to 17 percent of the hashrate, then Team 1's change will not be implemented by the majority commercials. ( Again , I am not sure if Team 2 indeed represents 83 percent of the mining AND commercial power behind Bitcoin, maybe yes maybe no, can someone check ? ) After 1st August , one interesting question is, since each of us will have a copy of our coins on each blockchain ... wouldn't that mean that we will now have literally doubled our bitcoins in real terms equivalent to how good both blockchains progress.?? In other words we are not screwed at all. In fact we might like this  . Double money !. The question is, is that what happened to Ethereum and Ethereum Classic ? Did people get coins in each version ? They are probably not too sad about it. Ie no one lost after the fork / split. In summary... the trade should continue. Towards 1st of August ( or 21st July) ... keep coins with you. There may be some fluctuation on the price... but remember the big Exchanges seem to be in Team 2's / Bitminer's camp ... some price drop is expected but should remain pretty strong .. Are all big exchanges ( kraken, etc ) also with Bitmain and Coinbase and those 23 others in Team 2 ? Given the importance of this I don't like that each Exchange hasn't come up officially with their intended direction after 1st August. Or perhaps they have ? I encourage people to research further , and don't let what I wrote scare you or anything .. I am just researching about this since couple of days. |
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What will happen if, for example, you withdraw your coins or make a transaction on July 31 and, due to the congestion on the network it remains on the blockchain when a fork occurs? What could happen with those coins?
Anyway, in such situation, on July 31 you better donīt withdraw your bitcoin from any exchange, you better buy any altcoin.
Learning about this, 1. KEEP COINS LOCALLY ! 2. (after August 1st / 21st July ) DON'T MAKE TRANSACTIONS UNTIL THE NEWS COME OUT. Those with millions let them change/transact at first. They can handle a loss. We simply wait for the news. |
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I just found about the 65 millions stolen recently from Bitfinex ... Apparently all clients of the exchange lost 36 % .... in a move from Bitfinex to distribute the loss among its clients/users.
Later some "equity" was offered to the victims which I am interested to know how has worked out ? How much of the 36 % damage was covered by this ?
Apparently the coins were stolen in some sort of hacking attack tricking the exchange into releasing multiple withdraws ...
So now the question is how is Bitfinex surviving this without almost fully reimbursing their clients ... Maybe some share of future profits ?
I am thinking they may be surviving it due to lack of recent articles about this on Google...
I mean I wasn't able to find any recent reportings on this, but I'd imagine if any existing users, like me, just found out about this ... they'd be leaving the exchange.
I guess it could be argued that this could have happened to another exchange and Bitfinex should be let to put this behind...
Or perhaps the peer to peer exchange networks are where clever users should be heading to...
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Hi Guys, I am learning about Margin Trading, And was wondering about couple of things: 1. Using ETH/BTX as collateral. On kraken for example, I can use ETH and BTX as collateral. In downturn the collateral itself loses value ... I am not sure if this impacts/changes my Margin Level making it closer to the Margin Call red-line which is 80 % at kraken... Kraken does say something to that effect in their help articles ... but their examples calculation is based on EUR/USD https://support.kraken.com/hc/en-us/articles/203053156-Examples .. 2. I do want to use ETH /BTX as collateral to borrow more ETH/BTH.. I am wondering if someone has done this and specifically what should be the maximum Margin I use. For example if I have in my account 20 ETH, then I don't want to use more than a certain amount of that for Margin. Maybe I want to use max 10 ETH for margin. I am not sure how to make this calculation but I want even if ETH loses say 50 % , which it could , I still don't cross the 80% minimum margin that Kraken requires , before doing Margin Call on you. Any feed back on this is appreciated. Above I do use the terminology Kraken uses, so it may vary from people's experiences, and please excuse if it sounds confusing to you. |
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Some/Most large Exchanges have a "recent trades list". Each trade will appear as either "sell" or "buy" ... but what designates the trade as a "sell" or "buy" .. since each trade operation will always include both operations performed by the two parties. ?!?!
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The internet connection dropping isn't much of an issue, miners will reconnect to the pool right after the internet is back up.
I can confirm this. Miners will keep trying to reach the pool as long as the mining software is still open. My internet cuts out occasionally, but the miner will keep trying to reconnect until the internet comes back. This is obvious. My question is if the Internet connection drops for 3 minutes, would this be causing only 3 minutes of lost mining time, or could it be potentially causing say 20 - 30 minutes of lost mining time, due to the miner requiring being connected for the full duration of its "session" which say takes 20 - 30 mins per sesion. Let me put it this way. If you need to carry a large bowl of water from point A to point B, and then somewhere in the middle on the road you accidentally drop the bowl , it breaks down and spills the water, you can't just continue on your way. You need to get back to point A get another bowl of water and mange to carry it intact ( i.e without the Internet connection dropping ) for the full duration of the course. So the Internet Connection may drop/cut for only 1-2 mins at a time... but if the miner has to restart from the beginning of the job, you are actually losing much more in mining-time, each time your connection drops. |
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Hi Guys,
About Ether mining, I never ever mined before .. but looking to set-up some mining rig at home.
I am not sure yet which mining client I want to use.
The issue is my Internet Connection goes dead maybe 2 times a day for about 3 to 15 minutes. Sometimes the outage could be longer.
How much of a problem is this going to be for the mining process ? I.e is it pretty much the simple case that the mining process will resume from where it was when the connection went dead, or is it the case that mining process will be interrupted in such way causing it to lose cumulative progress it made before the connection went dead and in effect losing more than 3-15 minutes of work each time the connection dies ?
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Kraken is the only exchange I know of that I can use to sell coins being in the U.S., they've done well by me.
So you are unaware there is like 4 or 5 that serve the US, that I know(googled) of. |
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Yes, it is suspicious. Those money are not supposed to be reinvested. But money brings greed. Like Mtgox showed.
I hope this is not the case with Kraken, and they are not the next scam. But I move my coins out and prey someone will process my transfer. And won't use them unless there was some sort of explanation, which if there was may be untrue.
I won't recommend Kraken to any of the people i promote coin currency to, and I think it is everybody's effort to work on issues like that because it is up to us to change the world and not just change who is holding at the moment.
Long live new exchanges and free us from all greed and corruption.
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One thing Dear, Kraken. This is about the time when you were hired to process the Mtgox bankruptcy. When are you going to send my inbound deposit back ,after it was frozen at the Mtgox's Polish bank at the time when the Mtgox crime became public ? My and other people's inbound transfers at that time never reached the Mtgox' coin system. So when you were processing Mtgox's bankruptcy, why people like me did not get our transfers reversed ? Our transfers were never converted to coins, so why did you not send it back ? Why were these stuck transfers not mentioned at all during proceedings and were not part of the redeeming decision where some people got some $ back ? And here is another problem this time at present time https://bitcointalk.org/index.php?topic=1952840.new#new |
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My inbound EUR transfer to Kraken has been on hold for a week. No response from Kraken whatsoever over the email. Yes, I am posting this here so people can be careful of the kind of support the company provides over the last months - NONE ! Yes, I am hoping Kraken will pick on this thread and move on my case. A public forum is the way to push these guys. Can't you hire more people, don't you have enough fund already ? Yes, I am worried about my coins being at a company that does not respond to support. Yes, I will move my coins out of Kraken ASAP. No, I don't trust your company any longer and will not send coins back until the support has been reported improved over few months. No, you processing my case, after I had to go to a Public forum will not change my mind about things at Kraken. Yes, I think there may be more backside problems at Kraken possibly more severe, considering they can't hire few extra minimal pay guys. Yes you cost me a lot of money already. I'd be even more worried if I had to withdraw funds from them. And here is a record of Kraken's past experience of handling transfers for Mtgox. https://bitcointalk.org/index.php?topic=1952861.new#new |
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