Hi Dargo,

I was advised to post my question here.
Can I have your comment on this thread:
https://bitcointalk.org/index.php?topic=1163875.0

Thanks.

I can see Dargo discussing many Kraken-related questions but can't find the "official" Kraken thread?

Wait!
You are the buyer when you buy bitcoins. The seller has to buy blockspace to send the bitcoins your way!

Well, how will you convince your customers to trade more if you increase your trading fees and charges?

---

0.01% per 4 hours = 0.06% per day
0.06 x 365 = 21.9% per annum
Greed!

Charge 21.9% per annum BTC/EUR longs
+
Charge 21.9% per annum BTC/EUR shorts
===
Makes 43.8% interest rate differential between longs and shorts
Greed^2!

Is Kraken the greediest exchange among all bitcoin exchanges?

---

Greed can explain many things but not everything!

Are BTC and EUR financing both equally available? Not at all. EUR funds are much easier to find at nearly zero interest rate while BTC funding is more difficult to secure, especially long term, resulting in considerably higher interest rate. Applying same rollover fees for both longs and shorts means you stimulate BTC/EUR shorts and punish BTC/EUR longs.

Why would a bitcoin exchange side with bitcoin enemies?

I agree. Let us have 100 groups of developers working on competing implementations? But you know, from time to time developers need to eat! Who will finance them? Bitcoin is not an amateur game anymore. Bitcoin needs dedicated professionals working full time on any serious implementation.

We should be grateful for what Blockstream is dong for Core devs. This was a job originally planned for the Bitcoin Foundation but they are nearly bankrupt following Mike's and Gavin's advice to lobby and educate government. What they've got at the end for all the efforts and money they've spent is... Bitlicense.

What's wrong with their margin trading fees?

They've started their margin trading with 0.05% rollover fees per day for both long and short positions. Today they informed me there are changes effective immediately. XBT/EUR rollover fee for maintaining a position is now 0.01% per 4 hours. Aside from the fact that fees are outrageously high, it is for the first time I see charging rollover fees per hour. Is rollover fees per hour a common practice among bitcoin exchanges? What's next - rollover fees per minute?

... on bitcoin price.

Your manager is not happy I guess? You should double your efforts to fight this!

Blaming Blockstream for side chains and their, you say, not clear motivations is like blaming Satoshi Nakamoto for definitely wanting saturation while creating Bitcoin with not clear motivations?

It's not 2 persons. It's 2 agencies behind those 2 persons.

Absolutely nothing wrong. That's what side chains are for. However, some people are in a hurry to make irreversible changes to bitcoin protocol to prevent competing implementations based on bitcoin.

People voting with their wallets. Looking at market price there is no need to increase block size limit because bitcoin will soon not be used at all.
Just sayin.

If Mike Hearn will be the lead bitcoin developer I'll sell all my bitcoins. I don't need another government lead currency in my portfolio.

Do you feel the pain of markets reflecting "increased" XT alt coin support?
Good.

Core without government tools like Mike and Gavin is a much better team with much better status.

Perhaps the problem is that Bitcoin under the leadership of government-centric Mike Hearn is the worst possible scenario for the bitcoin community?

Mmm... or not?
Bitcoin price tanked. That is a fact. People have voted against XT alt coin fork with their bitcoin wallets.

Because they have no time. In few months side chains will catapult bitcoin into completely different orbit that is unreachable to bitcoin enemies. They have to cripple bitcoin now. It is a question of now or never. This is why is all that hectic creation of XT nodes.

The beauty of it is that it can be said both ways. To me locking my bitcoins and switching to a side chain means I change/fork my bitcoins.