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alan2here (OP)
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August 16, 2012, 04:35:08 PM
Last edit: October 26, 2014, 09:32:59 AM by alan2here |
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For individual services with all of the following properties: A place to store BTC, like a bank. Exchange of stored currency between Fiat and BTC. Leverage. Trust, including security: Very lowLow - untrustworthy New Low/MidMid Mid/High - trustworthy HighLeverage: 5 = 5:1 buy 0.2 = 0.2:1 buy -2 = 2:1 sell The requirements score defines how easy it is to get started, some require large deposits for example and will score low. What we know so far. I hope to be able to update this as things change. Up: ICBit _trust: Mid (Low/Mid?) _ease of use: Low/Mid_design: Low/Mid_power: Mid/High _leverage: _1 - 2.1 _performant: High Bit4x _trust: Low_leverage: _1 - 1000 _requirements score: Lowhttps://bitcointalk.org/index.php?topic=114821http://dcmagnates.com/uks-fca-issues-warning-against-bitcoin-brokers-bit4x-and-venetfx/Bitfinex _trust: Low_ease of use: Mid/High _design: Mid/High _power: Mid/High _leverage: -5 - 1, sometimes 5 http://www.reddit.com/r/Bitcoin/comments/2hrg8h/bitfinex_privacy_leak_other_users_account/Dead or Trust is Very Low: BitDayTrade Bitcoinica Kronos.io Similar services: MPEX _trust: High_ease of use: LowLarge selection of tradable currencies/assets/commodities etc... |
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davout
Legendary
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Activity: 1372
Merit: 1008
1davout
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August 16, 2012, 04:37:26 PM |
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You should add kronos.io -> stalled
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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August 16, 2012, 04:39:39 PM |
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Having read that reddit thread about bitdaytrade's vulnerabilities, my trust in them isn't low. It's in the negative - active distrust. And personally, I'd say ICBit is "none" if the only basis for evaluating trust is that they're new.
Maybe an outline of your trust scale would help.
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Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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fcmatt
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Activity: 2072
Merit: 1001
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August 16, 2012, 04:45:10 PM |
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Having read that reddit thread about bitdaytrade's vulnerabilities, my trust in them isn't low. It's in the negative - active distrust. And personally, I'd say ICBit is "none" if the only basis for evaluating trust is that they're new.
Maybe an outline of your trust scale would help.
fun read over at reddit. thanks for the tip. website is down. |
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Bigpiggy01
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August 16, 2012, 04:48:40 PM |
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I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
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cypherdoc
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Activity: 1764
Merit: 1002
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August 16, 2012, 04:51:16 PM |
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I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
facts are facts, if the reddit article is to be trusted. unsalted pw's is insane. |
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labestiol
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August 16, 2012, 04:52:12 PM |
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I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
facts are facts, if the reddit article is to be trusted. unsalted pw's is insane. you're mixing up ICBIT and bitdaytrade and about bitdaytrade, if indeed reddit posters are to be trusted, the lack of professionalism is just insane |
1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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Stephen Gornick
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Activity: 2506
Merit: 1010
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August 16, 2012, 05:07:26 PM
Last edit: August 23, 2012, 05:16:29 PM by Stephen Gornick |
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ICBit
_trusted: Mid (because there new)
_ease of use: Mid
_power: Mid/High ?
_max leverage: ?
_performant: High
I couldn't figure out the leverage. I had 2.0 BTC deposited, and could only buy or sell 2 BTC of contracts. Since the funds deposited are BTCs, simply buying 1:1 actually gives me 2:1 when long. (i.e., I benefit from the gain in the exchange rate on the BTCs deposited with ICBit plus on the gain received by each long contact I hold.
So maybe 10 BTC would let me buy 12 contracts (?), that would be (2.1:1) when long.
But that definitely is not 5:1 or anything like I was hoping.[Update: It appears to be giving 10:1 now. Not sure if it was a change made, a temporary issue, or me misunderstanding it.] And I see no way selling contracts (short position) provides any leverage whatsoever. [Update: With 10:1 that is no longer a question I have.] |
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alan2here (OP)
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August 16, 2012, 05:21:59 PM |
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That site scores 0 from me on easy to use, I can't make head nor tail of it. What are options (in this context), do you think they should be included?
Thanks, the list has been updated. More feedback would be great.
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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August 16, 2012, 06:02:26 PM |
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That site scores 0 from me on easy to use, I can't make head nor tail of it. What are options (in this context), do you think they should be included?
Well, transactions are only done as signed messages (using GPG). So it definitely has a learning curve. But for instance, the CALL option to buy at $13.00 on or before expiration (midnight, August 30th, 2012) is currently priced at 0.13566159 BTC (which is the "premium"). That means I pay about $1.80 USD worth of bitcoins now (0.13566159 today) and can earn multiples of my investment (or lose the entire investment) depending on which way the exchange rate moves. - http://polimedia.us/bitcoin/mpex.php?mpsic=O.BTCUSD.C130TIn this instance, my break-even is an exchange rate of about $14.80. Anything less and I lose a portion of my premium. If the exchange rate is $13 or below I lose my entire investment as the CALL option expires worthless. But if the exchange rate hits $16.50, for example, then I can exercise my $13 CALL and basically double my money. Exercising that $13 CALL if the exchange rate hits $18.25 means I've tripled my speculative investment. So it is not truly leverage like margin trading offers but it is a way to let a smaller amount of funds earn (or lose) as if it were a larger amount of funds. - http://en.bitcoin.it/wiki/MPEx |
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labestiol
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August 16, 2012, 06:13:38 PM |
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I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
facts are facts, if the reddit article is to be trusted. unsalted pw's is insane. you're mixing up ICBIT and bitdaytrade and about bitdaytrade, if indeed reddit posters are to be trusted, the lack of professionalism is just insane Just an update on that, i ask the reddit poster to give me the hash of my pass, and i can confirm it's unsalted md5, and that he successfully got the hashes. |
1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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alan2here (OP)
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August 16, 2012, 08:51:13 PM
Last edit: August 16, 2012, 11:31:06 PM by alan2here |
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Options seem good, I'll leave polimedia and other similar text based PGP stuff off though.
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alan2here (OP)
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December 11, 2012, 01:50:17 PM |
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Bump because I've added Bitfinex.
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kakobrekla
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December 12, 2012, 10:48:59 PM
Last edit: December 12, 2012, 11:06:04 PM by kakobrekla |
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Info here is mostly wrong, not just outdated. Let me fix some of that. Bitfinex
Based on stolen and vulnerable bitcoinica code. Site security unknown possibly still vulnerable. Low selection of tradeable currencies/assets/commodities/etc. Liquidity: low. Bit4x
New? You must be confused. Most of the relevant people around here know me. I have a ~2 year otc history, not many can say that. Security is comparable (or better) to MPEX. High selection of tradable currencies/assets/commodities/etc. Liquidity: high. ICBit
Site security unknown. Relevant: https://bitcointalk.org/index.php?topic=125376.0Low selection of tradable currencies/assets/commodities/etc. Liquidity: low. BitDayTrade
Dead/scam. Bitcoinica
Dead/scam. Kronos.io
Never existed. Also dunno why you discarded MPEX just because a little cryptography is incomprehensible to you (in the world of crypto currency may I remind). MPEX
Site security high. High selection of tradable currencies/assets/commodities/etc. Liquidity: med. Some of the services are quite different than another but it is what it is now. |
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MPOE-PR
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December 13, 2012, 12:21:20 AM |
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Info here is mostly wrong, not just outdated. Let me fix some of that. Bitfinex
Based on stolen and vulnerable bitcoinica code. Site security unknown possibly still vulnerable. Low selection of tradeable currencies/assets/commodities/etc. Liquidity: low. Bit4x
New? You must be confused. Most of the relevant people around here know me. I have a ~2 year otc history, not many can say that. Security is comparable (or better) to MPEX. High selection of tradable currencies/assets/commodities/etc. Liquidity: high. ICBit
Site security unknown. Relevant: https://bitcointalk.org/index.php?topic=125376.0Low selection of tradable currencies/assets/commodities/etc. Liquidity: low. BitDayTrade
Dead/scam. Bitcoinica
Dead/scam. Kronos.io
Never existed. Also dunno why you discarded MPEX just because a little cryptography is incomprehensible to you (in the world of crypto currency may I remind). MPEX
Site security high. High selection of tradable currencies/assets/commodities/etc. Liquidity: med. Some of the services are quite different than another but it is what it is now. Duuuude. MPEx liquidity is above anyone omg what sorcery is this. But yeah, OP is quite off the mark. Most notably, you can use a broker website such as coinbr.com to get to MPEx if cryptography/GPG is too much of a barrier. |
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kakobrekla
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December 13, 2012, 12:28:43 AM |
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Duuuude. MPEx liquidity is above anyone omg what sorcery is this.
00:55.01 ( mircea_popescu ) what the hell, you telling me bit4x trades 10-100k btc a month nao ?!
00:55.47 ( kakobrekla ) noone can do a serious dent in the book
00:56.08 ( kakobrekla ) or any dent
00:56.28 ( mircea_popescu ) o i c what you did there.
00:56.41 ( mircea_popescu ) i guess you have a point eh.
00:56.44 )) mircea_popescu fumes
00:56.48 ( kakobrekla ) :p
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alan2here (OP)
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December 13, 2012, 03:54:23 PM
Last edit: December 13, 2012, 04:29:22 PM by alan2here |
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Most of the relevant people around here know me. Unnecessary opening. However below is a quote of part of a reply to one of your posts, by Goomboo who I've seen several times before on the forums. I'm not replying directly to this post - it's full of twisted lies. The post, and the rest of the thread, supported by various other trusted members as well, goes on in that vien. It may or may not be representative, but your not automatically trustworthy. I'm trying to get a consensus and your information is very helpful. Regarding MPEX, things aren't better if they are harder to use, what's more the site looks like this http://polimedia.us/bitcoin/mpex.php However there seems demand for its inclusion, so I've added it in. I don't think it forfills the requirements at the top of the post but I've included a note on that as well. |
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MPOE-PR
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December 13, 2012, 05:13:27 PM |
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This is so adorable.  |
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