Hope tehy add it  |
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When will it be added to exchange?
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Only idiots would sell them for under 100 satoshi.
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These guys even offer a "2fa" option that is a static password. That's unheard of. This is security snake oil. A static password is something you know, not something you have (like a 2fa token on a phone).
All we're saying to Kraken is: remove bad security options that confuse users. Stop offering fake 2fa. Send email confirmation for withdrawal like every other exchange out there. Enforce 2fa on login, so 2fa on withdrawal can't be disabled without access to the token. These are basic, basic issues that make Kraken look laughable in this space.
people have been telling them this for years. i'm not sure why they haven't done anything about it by now. maybe they think that having all the security "options" is a valuable sell point to their customers. they haven't learned yet -- keep it simple, stupid. maybe all these recent "phishing attacks" on their customers will open their eyes. Maybe it is in their interests to maintain their default security options in a state that will always offer 'plausible deniability', when the rat at Kraken, scurries around selectively emptying customer accounts? Perhaps like many other exchanges, Kraken have been robbed. Bitstamp and Poloniex were robbed, there response was to admit they had been robbed, and opt to pay all their customers back. Bitfinex was robbed, their response was to admit they had been robbed, and give all their customers a 36% haircut. Perhaps Kraken have been robbed, and their response has been to keep the fact out of the public domain, and rebalance their books by slowly selectively draining customer accounts? |
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Ibian is just a bit stressed and bitter........best u keep of his case.....especially if you actually get the message through his thick skull, that Kraken is a dangerous exchange.
Nothing would please me more than for Ibian to have his Kraken stash plundered.
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You missed my point, which is you have no hope of any "trading" success without keeping both fiat and btc on an exchange. I have no problem with early adopters, but they have no business criticising people who heard about btc after it's $1100 run for trying to improve their positions. I realize they had challenges back then when it was worthless, but it's a totally different game when a bitcoin costs hundreds of dollars.
And you are damn right early adopters were lucky. I never heard of btc before late '13/early '14. If I had heard about it and looked at it I may have seen it's value, but I'll never know. Those who found it and saw it are the only ones who had the chance. Stumbling upon it in the early days is 100% luck.
Well, I 'stumbled on Bitcoin' when it was still in single figures and did at one point have 177 BTC sitting in my wallet (bought for like $3.50 each or something), but then Intersango, the only UK exchange closed. Looked at Gox and Stamp and was like "passports, utility bills, bank details!?!?! No fkn chance!"......so I ended up spunking the lot on Silk Road. By the time I was seriously looking at putting around £1000 into Bitcoin, it was in double figures and approaching X-Mas 2012. I had a theory, that the Bitcoin price was driven by Silk Road demand (cos what other use was there for Bitcoin), and that therefore, after X-Mas and New Year, the price would go back down to single figures, at which point I would buy.....lol........but I think the fact that I am a fucking loser has been well established by now. You have more than a point regarding the need for Bitcoiners to be able to hold Bitcoin and USD on exchanges. The exchanges is where the entire price discovery mechanism is. Bitcoin is only worth anything, because it can be easily converted for national currencies on these exchanges. If everyone took the advice of those who advise against trading on exchanges, then Bitcoin would be worthless. |
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Morons gonna moron. People love their ui. What i don't get is why kraken don't take some pointers from it and implement them.
Kraken are way more cunning than Bitfinex. They steal from their customers also, but instead of grat big headline grabbing smash n grab, Kraken opt for the slow drip drip effect. A never ending cash cow that they can milk, so long as they don't get too greedy. Wouldn't be surprised if someone at Bitfinex ends up doing jail time for the heist. My money would be on greasy wop B movie con-man bad guy, Giancarlo Devasini:  |
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It is mad how this doesn't seem to have affected Kraken's reputation in the slightest. That's because the only ones complaining are people like you. and dozens of other people, IT security specialists amongst them who had 2FA enabled for withdrawals. |
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And here, class, we have a perfect example.
Mat is insinuating that he keeps a lot of his money, fiat and crypto, on exchanges. This is, of course, a completely retarded thing to do and the only reason he suggests it is to further his narrative, that being: Bitcoin is insecure and Mat is a perpetual victim!
However, he might still keep a percentage of his holdings there, even if not all of it. This is because, as noted above, he has a pathological need to remain in the victim role. In setting himself up to be robbed, for example by deliberately having weak account security (as he himself, some might say proudly, explained all about recently), and then waiting for someone to come along and guess his password of 123456, he stays in the victim role and feels vindicated in proclaiming bitcoin to be one huge scamfest.
This is the opposite psychology of what we commonly term "normal". There are people out there who will deliberately hurt themselves, simply for the sake of dragging even one of us down with him. They are what older and wiser people termed Evil.
ha ha...wot an uptight bitter cunt u are. |
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That's why he tells people that bitcoin is doomed while at the same time managing to lose money on huge rallies.
Didn't lose money on the huge rally. Made money on the huge rally, albeit not as much as I might have done, although, had I just bought at $470, and held right right through until today, then I would still have the same profit level as I ended up taking from the market anyway.......except I wouldn't have, cos my accounts would have been wiped out by some bunch of thieves operating within the big exchanges. I didn't lose money on the big rallies, I lost money by having the exchanges one way or another, plunder my accounts..... .....like I say, counter party risk n all that. |
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So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ? just a quote from warren buffet: "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." if you want more go there : http://www.minyanville.com/trading-and-investing/commodities/articles/Warren-Buffett-brka-gold-investing-investing/10/3/2012/id/44617There is no fucking stock, commodity or whatever you want that is perfect, sorry mat, but you won't get rich quick EDIT : the more time goes on, the more it looks like drugs are destroying you Erm, what is your fucking problem, m8? I have stopped trading Bitcoin, for good. I currently own some Bitcoin, but 30 times more gold (in terms of USD). And how often do I post on this forum these days...almost never, but if I feel like dropping a comment or two, then I shall fucking well do so and it has fuck all to do with you whether I do, or whether I don't. Prick! And you can go and stick your fkn Warren Buffet quotes right up your fucking arsehole as well. Just some propagandist soundbite that fits the tone of the times in which it was it was made. Wouldn't be the first time that a statement that made sense X amount of decades ago, is proven to be total horseshit some ways down the line. |
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Cold storage has no 'counter party risk'.
Cold storage has the counter party risk, of whether tokens on given crypto network continue to be worth anything at all. What if there is so much scandal and shenanigans on the Bitcoin exchanges, that the market turns away from Bitcoin in it's droves? What happens if there is some reason for the Bitcoin network to go down? What happens if a competing crypto renders Bitcoin obsolete (likely to happen one day)? Or in the case of global conflict, what happens if internet connections across the globe, go down. What happens if an EMP bomb explodes near one of the major Bitcoin mining farms in China? Crypto is riddled with counter party risk, in that holders of Bitcoin are relying upon so many factors and actions of others, that are totally outwith their control, but which could decide whether their invisible digital tokens have any value at all. Gold isn't like that. Gold is gold. Gold is real wealth right down to it's very core, always was and always will be, regardless of what temporary and doomed to failure makeshift value exchange token system that mankind happens to have gotten itself entangled with. |
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And then I saw Mat shorting and was like...
Aw shucks r0ach. I really have that affect on you? I am truly touched, I really am! Tell you what, despite your dickhead internet persona, I can tell that you are one of the good guys, and it is for this reason, that I give you this sage advice: FUCK BITCOIN! BUY GOLD NOW!Going forward from here, I suspect that Bitcoin is going to languish in a range for quite some time and thereafter, the culmination of the next pump will see it get up to around $1500. So yeah, 'money' to be made here for sure, although when you compare Bitcoin gains to Shitcoin pump gains, Bitcoin aint worth getting out of bed for and besides from that, putting your wealth into crypto, is playing with fire, in all probability you gonna get burned at some point down the line and when you do, it will render much of your previous gains immaterial. Bitcoin, like the JIDF fractional reserve banking racket that you are all hoping that Bitcoin displaces, is the very definition of 'vapour'. Bitcoin is nothing. Like the fiat money system, Bitcoin is nothing more than a placeholder token on a claim to real wealth. Right from it's atomic and sub-atomic structure upwards, gold is real wealth. The elites of ancient civilisations knew it, the modern day JIDF cabal know it as do their Chinese adversaries, and deep down, I think you know it as well. We are entering a very unstable period. Over the coming years, the USD hegemony is set to come apart like the fragile grossly overextended house of cards that it is. I don't know for sure precisely which way she will implode, but I suspect hyperinflation over deflation, as the hyperinflationary route will represent the path of 'least evil', and will allow the US government to continue to service their debts and not default for just that little while longer. Indeed, in all probability, with all the global QE and now even negative interest rates around the world, the dice have already been set for a hyperinflationary crash. But whatever form that the coming monetary crisis takes, when the shit hits the fan, everyone is about to understand the true meaning of 'counter party risk', just as I have done so, first with Kraken, and then a couple of weeks later, with Bitfinex. Totally fucking cleaned out, powerless to do a damn thing about it. We will never again, see a world in which good and services are exchanged for small pieces of gold and silver, but when the parasitic 'placeholder token' system into which the whole of humanity is currently hooked ceases to function, all that there will be left, is real wealth. i.e. The world of real resources and things and in the inorganic material world, nothing epitomises the law of attraction, and thus 'wealth' more, than gold! |
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Right. And not only absence of basic email verification, there's absence of confirmation through SMS too. Both are easy ways to be protected, while 2fa means lot of troubles if you lose, break or accidentally format your smartphone.
What do you mean exactly "crooks from the top down"?
Agreed. Kraken's security options are fucking idiotic.....unless the plan is all along to keep a good portion of their customers in 'unprotected' mode, in order that customer accounts can be periodically dipped into. 'crooks from the top down', would be if Jesse Powell was sitting around a table, discussing with high level management, a system whereby they could rob their customers whilst having plausible deniability, and having a plausible case that Kraken offered it's customers bullet proof security, if only it's customers had utilised it. More likely, are rats within the woodwork at Kraken, who see how shockingly bad Kraken's security system is, and who routinely take advantage of it. I have seen many cases on reddit of users complaining about Kraken accounts being emptied, only to be told by the exchange, that their computer must have spyware on it, etc etc. It is mad how this doesn't seem to have affected Kraken's reputation in the slightest. |
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Thank you Kraken for providing a reliable trading experience. You guys have definetly improved in the past few months.
Thankyou Kraken for emptying my account, and then telling me to go sing and whistle. After this incident, I realised how corrupt and outside the law that Bitcoin exchanges operate, and came oh so close to getting everything out my main Bitcoin trading account on Bitfinex.............. |
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Unklez is a terrorist from Turkey. I withdrew from Finex 3 weeks or so before it goxed because it appeared to me someone was naked shorting there and I knew they had to be insolvent due to it.  Bullshit! U were trading big style on Finex. U got plundered big style, just like everyone else did. Welcome to the unregulated world of crypto! |
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Well, if you want take defense of kraken, you are free to do it. I can just tell you that I'm used to move money online since 17 years on many activities and kraken it's the 1st exchange in which I have been robbed. Of course I already told in a previous post, I have been lucky to miss MtGox and Bitfinex, and in both cases 2fa is useless anyway.
But after so many years, I developped the nose to smell who cheats and kraken has all the features to be a vampire. There is the behaviour, the attitude. They made their robbery so akward and so in a stupid way through email that's easy to understand they are guilty.
But they have the screen, the distance protection, the international borders so there's nothing to do.
Do you want to become their defensive lawyer? There's no need. Internet and blockchain protect them. So you can also save your silly moral for yourself.
Indeed. The absence of basic Email verification on Kraken tells us everything that we need to know, and it isn't that our computers have key-logging spyware on them. Kraken are either crooks from the top down, or they have crooks wedged within their ranks, who selectively steal from their customers. |
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1. Indeed I suggested them to check the robbery at their internal, but they don't want to listen reasons and they always sing the same song: phishing or somebody has stolen my pwd. It's also obvious they don't try to improve security, likely intentionally..should we guess why?
2. Make a complaint to the SEC? What is the SEC? could be useful? I know that when BTCs are stolen, are stolen forever.
Securities & Exchange Commission: Thank you for contacting the U.S. Securities and Exchange Commission (SEC). We appreciate you alerting the SEC's Office of Investor Education and Advocacy (OIEA) about the activities in your Kraken account. OIEA processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you. In addition to the SEC, you may also want to contact the U.S. Commodity Futures Trading Commission (CFTC) and Consumer Financial Protection Bureau (CFPB ) for assistance. The contact information for the CFTC and CFPB are as follows: Commodity Futures Trading Commission ( www.cftc.gov) Three Lafayette Centre 1155 21st Street, NW Washington DC 20581 CFTC Toll-Free Complaint Line: 866-366-2382 Online Complaint Info: www.cftc.gov/ConsumerProtection/FileaTiporComplaint/index.htm. Consumer Financial Protection Bureau ( www.cfpb.gov) P.O. Box 4503 Iowa City, Iowa 52244 Fax (855) 237-2392 (855) 411-CFPB (2372) Online Complaint Info: www.consumerfinance.gov/complaint Since you are in the U. K., we suggest that you contact the Financial Conduct Authority (FCA), the U.K. securities regulator, for any further assistance it could provide. You may call FCA at 0800 111 6768 (toll-free) or 0300 500 8082, or send FCA an email at consumer.queries@fca.org.uk. For general information regarding virtual currency, please review our publication "Bitcoin and Other Virtual Currency-Related Investments," at http://investor.gov/news-alerts/investor-alerts/investor-alert-bitcoin-other-virtual-currency-related-investments, as well as our investor alert "Ponzi Schemes Using Virtual Currencies" at: http://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf. Sincerely, K****** R****** Investor Assistance Specialist Office of Investor Education and Advocacy U.S. Securities and Exchange Commission (800) 732-0330 www.sec.govwww.investor.govwww.twitter.com/SEC_Investor_EdNo way are you gonna get your money back, and the same goes for me, and for other Kraken victims I have been in touch with, some who have lost massive sums of money. Most who had 2FA enabled for withdrawals, but not for logins! That is correct. Only 2FA enabled for logins was 'secure', because as you discovered, the 2FA for withdrawals could be turned off once in the account with zero confirmation required........with all that said, there have been reports of someone even with 2FA login being robbed also....in which case the rats at Kraken doing the thieving, may have fucked up a little bit, and emptied an account that they shouldn't have..... .....but yeah...kiss the money goodbye, but you can at least do your bit to add the pile of complaints mounting up on authorities desks against Kraken. Enough of those, and these fucking vampires will be investigated. Jesse Powell, fucking softly spoken snake. |
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Bitfinex wasn't really a dominant exchange as even traders there are looking what is happening at exchanges as OKCoin and Huobi. The other exchanges just follow their path. Only some times you see that exchanges don't want to follow the Chinese exchanges all the way up. Then there is a gap of $20-$30 between China and the west.
The whole attractiveness of Bitcoin to Chinese investors is escape from CNY and exposure to USD. Bitfinex was without a doubt the biggest USD market in the world. Whilst the Chinese markets tend to lead, how much of that volume is actually for real? Bitcoin is dominated by the Chinese for sure, but a big part of it's attractiveness is it's USD convertability. I wonder how many Chinese Bitcoin Cowboys were using Bitfinex as a kind of USD bank account, only to wake up one morning with a 36% haircut? Bitfinex was a terrible event for Bitcoin and the only logical outcome of it is much less capital flow in Bitcoin than there would otherwise be. |
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