i really hope that this is the culprit. it sucks that the OP lost money, but if the exchange had its TOTP token database compromised, there will be big losses coming for other customers.

i haven't heard any other complaints like this yet today, so i'm guessing he just got fooled into clicking on a fake site / phishing link.

this is exactly what the poster above meant by "schadenfreude." you spend your time and energy repeating ad nauseam that everyone here is stupid and deserving of their misfortunes. and you admit that this brings a smile to your face.

maybe those who lose money to exchange takedowns and exit scams do deserve their misfortunes. but what good does it bring you---or anyone else---to waste away your life taking pleasure from this? why not go do something productive with your life? that's what traders on btc-e were doing, and now these traders need to rebuild. can't you find something better to do?

not against fiat currencies. attempts to peg cryptocurrency to fiat value are highly centralized, and usually depend on 1) centralized banking (like tether) or 2) a price floor contract. the former is subject to all pressures of the legacy banking system, and the latter is not sustainable, nor safe from third party exchange risk.

decentralized exchanges and atomic cross-chain swaps will be great for trading bitcoin against altcoins. but when the entire market is falling and you want to hold dollars, then what?

can you explain what that means to a layman? they wave around their MSB # from FINCEN like it means something. they are based in the U.S. and registered with FINCEN, so i had sort of assumed that customers were better off than with BTC-e, for example.

is that not the case? are they at risk of seizure?

at a glance, that seems right. but it doesn't seem like difficulty has adjusted enough to actually make it profitable to mine at this point. Via's hash rate dropped from 75P to 25P in the last couple days, and blocks are being mined a bit slower (or maybe at the same rate). i haven't seen a major difficulty adjustment in days now.

has anyone run the numbers? is it profitable to mine at this point?

this makes a lot of sense. but now that the UASF split didn't happen, and the Bcash fork is done with and exchanges seem to have a good handle on it, do you think users/traders will move their coins back to the exchanges?

it seems like that huge spike in shorts on bitfinex was forced to close, whether by the market going up, or the exchange forcing them to close a hedge related to the Bcash payouts.

stay away from USD-tether. it's owned by bitfinex's parent company and can't pay out USD. worse yet: if you read the terms, they are not legally obligated to redeem USD for your tethers. if things go bad for bitfinex, expect tether to see big problems as well.


i'm not familiar with european exchanges (except BTC-e, which is history now). i do know that coinbase allows european customers and accepts SEPA deposits denominated in euros. see: https://support.coinbase.com/customer/portal/articles/1767231

i prefer not to speculate on long term expectations. too unpredictable. it's even too difficult to gauge demand for Bcash right now because there is so little liquidity on the exchanges, and many people are (i think) scared to move it. rightfully so--i don't really trust the wallets floating around and will need to take some time to analyze the code.

i'm not in a rush because i see this materializing like the ETH split:


at the very least, there will be a big pump or three. and it might just become correlated to Bitcoin, like ETC did with ethereum.

i don't see it "going after" Bitcoin really. what i think is happening: Bitmain is using ViaBTC to test the waters for a hard fork. and judging by the massive outpouring of support from exchanges, this doesn't bode well as we approach the November segwit2x hard fork.

there is definitely a big contingent of bitcoiners who will oppose that fork. it also has major corporate/miner backing. if Bcash (a Bitmain shitcoin fork with low hash rate and bloat blocks) can get this much support right out of the gate, imagine what a mass marketed fork could look like.

interesting times...

wow, if the bolded is true, that explains it. i was thinking that the BCH chain might just be dead on arrival. that was a smart fail-safe on their part, to incentivize miners.

still not sure if it's profitable yet. if/when it is, things will get more interesting. once it's sustainable from a supply/demand perspective vs. miners, i think we will start to see a healthy period of accumulation and/or up-trending.

indeed. the FBI robbing honest traders and miners to fill their own coffers, and the "criminal" exchange repaying what obligations they can. i don't want to get my hopes up, but this would truly show the immorality of the US authorities' actions. by calling the exchange's traders criminals, they mean to put the burden of proof for innocence (and therefore claim to funds) on traders. that's impossible if coins were ever sent from any other 3rd party services, or p2p transactions outside of the banking/regulated exchange system.

what it all comes down to is whether it is profitable to mine. once difficulty adjusts to that point, the coin should be sustained. i imagine, like any other alt, some price floor will be found and it'll get pumped at some point. i wouldn't worry about it overtaking Bitcoin; with any luck, it'll take the BU crowd with it.

i won't lie. i was really surprised at the level of support from exchanges. you could tell by Coinbase's repeated backtracking that they were getting pushback from their customers.

the question is, was all this demand from customers just due to them wanting to dump their BCH? or because they want to hold/invest?

the problem is, there could be hundreds or thousands of forks, and it's impossible to expect exchanges to support every one. it seems there was enough demand from customers to force exchanges to act in this case. but it takes a lot of preparation for exchanges, and there are risks from network instability (double spends) and replay attacks.

this has got ethereum classic written all over it.

initial instability --> difficulty adjustment, profitable mining --> initial dump from ETH (BTC) holders --> accumulation --> pump

and if ETC is anything to go by it's not going to be dead, either. the question is, where will the value come from to hold up BCH in this case? either Bitcoin's network, or a whole lot of new crypto money...

actually there was a 4MB block mined after a very long block interval yesterday. i'm pretty lazy to find a link to the transaction, but jimmy song posted a link to it on twitter.

it makes sense that there haven't been many transactions right after the fork, even if people are waiting to move coins. until difficulty continues to adjust down and BCC becomes profitable to mine, there is double spend risk.

except Russia is busy banning all the crypto exchanges as we speak. btc-e was banned there. i don't see any reason why they will try to protect btc-e. one would hope that they would protect their residents who are getting raped by the FBI here, but c'est la vie....

i don't quite get it, though. there's been no actual transaction. and you don't have a BCC-compatible wallet, so you don't even have access to the funds. you don't possess them and never did.

this CPA seems pretty dubious.

classic trollbox commentary is classic. ironically, btc-e probably wouldn't even pay out the BCC to users.

i think this split will be interesting, though. everyone expects BCC to die, so that probably won't happen. i think most even doubted that it could reach difficulty readjustment, but it has, and now block time is getting better and things are getting stable. in time, with the right marketing, they might give Bitcoin a run for its money....

basically. russian steel balls is our best bet. if they weren't russian, i'd have considered this over days ago. but for now, i still give it a small chance. probably less than 10%.

there are still some problems here. even if they successfully evaded having much fiat seized (through various shell companies, less friendly jurisdictions, etc), how can they realistically operate a USD or EUR exchange at this point? they will be blacklisted.

maybe they can just use Tether? is that possible?

i guess maybe things like webmoney, yandex, etc might still work? not sure.....

well, blocks are being mined, but the block time is just brutally long. when is difficulty going to retarget? didn't they tweak that?

i never paid attention to the Bcash code (who cares, right?) but i just assumed they were going to change the difficulty algo to allow it to be stable right away.