I will. I have accounts at all exchanges, but I will stop doing business with Poloniex.

I've kept my Binance account when they've been hacked, because that can happen to everybody, I've also kept my Bitfinex account, because they were the victim of a shady partner (Crypto Capital), but I blame Poloniex here. And Circle which is behind. They should cover the loss. Bitfinex has lost $850 millions, but their customers haven't lost a cent.

I blame Poloniex their software, and their judgement. So does Yahoo:

https://finance.yahoo.com/news/poloniex-leaves-itself-open-legal-000333198.html

I see Poloniex as fully responsible. I blame their software.

We live in an age of superfast trading by bots, and there's a protection built-in with margin trading operations. As soon as the loss reaches the sum of money traded to begin with, the software should have terminated the trade in a second. It should be instant. Poloniex's blaming the lack of liquidity in the Clam market, that is a problem they should have been aware of, and lenders aren't responsible for it.

https://medium.com/circle-trader/overview-of-btc-margin-lending-pool-losses-a2f0905aaa56

Scary. I used to think lending money on Poloniex or Biftinex was safe. Not anymore.


So, if you were lending money on Poloniex, you've lost 16.202% of it... Man, that hurts!

Just move to a bigger city.
If you live in New York, you can do whatever you want and nobody will care. There are so many freaks and weirdos out there...

Yes, I've seen that list, just wanted to know what others were thinking.

I've looked at Paxful, and when it comes to cash in person offers, it has only 4 of them in the whole of Europe... And they're not cheap!

I guess there's an opportunity. If I were sedentary living in a big city, I would become a trader, there are customers waiting.

This is suicide.

I haven't been using LocalBitcoins much, but only to make Cash-in-person trades. If it's no longer possible, I won't use LocalBitcoins any more.

I believe Hodl Hodl is their best successor, but they have very, very few trades... Anyone suggests another service? I live in Europe and my interest is limited to Cash-in-person trades.

No, because when you have 2 passports, it's forbidden to use the non American one to enter the US. Also immigration services don't know you have another citizenship.

Hmm... I don't remember.

I know I used to have an ad for a blender but it was very, very little money. I stopped it some 2 years ago, and I'm not missing it at all.

It's not that nobody cares, it's the contrary. All countries support Thailand. All countries would have reacted exactly the same way, and Elwar was naive to think he was safe being just behind the 12 miles limit. Try to build a seastead 13 miles off the coast of Florida, you'll get Marines assaulting you within days.

Customers' integrity isn't the issue here, we're talking about the integrity of the exchange (or the people managing the exchange).

I wish you could buy and sell BTC at a bank, or in some good old-fashioned brick and mortar store.

Their saying that they will get the money back within a few weeks is also overpromising.

Well, Elwar's getting famous, the WSJ is writing about him! He can be proud of that. Actually, I believe he was lucky, and that Thailand has been nice. It would have been much worse if he had chosen to seastead near the US, Russia or China.

I wonder if Thailand has issued a search warrant against him (a local lawyer could check that). Then, he would be in real trouble.

So it's possible Bitfinex hasn't done anything wrong, with Crypto Capital the only culprit? Hmmm...

I hope that would be the case, but we were talking of 850 millions, and there's only 370 which may have been seized in Poland, so what about the remaining 480 millions?

If Bitfinex wants to stay in business, it has a lot to explain. With all details given to the court in NY, so it will take more than a blog post...

I'm not confused at all. I know that today, on Bitfinex, you can sell your cryptos for cash and request a bank wire. Then all exchanges also offer the so called "stable coins". They have extended their business, but I think this was bad idea. I say it was much better, and safer for all, including the trading services, when you had to buy cryptos on another service, with trading services only offering cryptos to cryptos trading (and without any stable coins).

Look at the mess Bitfinex is in. It's all because of that Tether thing, and fiat conversion services. You could make a parallel with retail and investment banking. Exchanges are retail, and trading services are investments.

Trading commissions on cryptos alone shall make a decent income.

Unfortunately, this was expected. There were just too close to the coast. Seasteading can only be considered safe if you're more than 200 miles from any country. I guess Elwar must relocate to the middle of the Pacific...

I've been thinking that for years, and the Bitfinex affair just shows I was right.

I'm a trader, trading cryptocurrencies with other cryptocurrencies, and sometimes, I'm also using exchanges, to convert cryptocurrencies to fiat currencies. I want to use trading services which do not offer exchange services, and I want to use exchange services which do make trades between cryptocurrencies.

And I don't want any stablecoins. Bitfinex was a great service, it's that Tether thing which may sink them.

Yes, Bitfinex isn't saying enough, or isn't saying the truth. It says 850 millions have been seized, and that is certainly possible, but in that case, it means there are legal proceedings which could prove the seizure. Only thieves seize money without traces.

Ideal society would be no society. Where there would be no sense of belonging. There would be no countries and no citizenship. No people, just men and women.

Very, very sad. I hope this was an accident, but I wonder how this could happen. Notre Dame has always been crowded when I was there, alarm should have been raised within minutes after the fire started. I'm also thinking that wood which is several centuries old should be very difficult to ignite. I hope the truth will be known, finally, I'm very sad for all Catholics. This happening just before Easter, it's terrible.

This clearly shows that BTC can improve, and is effectively improving. 2,500 transactions per block isn't a problem, transactions are fast and cheap. The future looks bright!