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celestio
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May 18, 2015, 10:25:39 PM |
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causes beyond its reasonable control, including but not limited to acts of God LOL Is that in the terms and conditions? |
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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"You Asked For Change, We Gave You Coins" -- casascius
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rpietila
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May 18, 2015, 10:25:54 PM |
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It seems that the new requirements they ask are very mild for those who were anyway intending to be compliant. For those who did not intend such, it was ridiculous to assume that their funds would be safe in any exchange, especially one based in the U.S. So, objectively this was fully expected, and is implemented reasonably. BUT: The 2 days withdrawal period is a joke, and there will never be enough coins in the hotwallet, all the people trying to withdraw will experience a nonperformance, will need to file a ticket, the 2 days period will end, then endless hours will be consumed in sorting out the tickets and whether the KYC will be required regarding them or not, causing very much bad feelings. Perhaps the listing of CKG in Poloniex will keep the XMR trading there alive  |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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rpietila
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May 18, 2015, 10:27:03 PM |
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causes beyond its reasonable control, including but not limited to acts of God LOL Is that in the terms and conditions? It is a trade term, commonly used in the T&Cs to represent a certain list of calamities. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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ArticMine
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Monero Core Team
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May 18, 2015, 10:27:37 PM |
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How does Monero fare in the blocksize debate that's currently going on with Bitcoin? Is a 1mb cap going to be an issue?
There is no hard blocksize cap in Monero and other Cryptonotes, so this shouldn't be an issue. Cryptonotes implement a coinbase reward penalty if the blocksize is larger than the median of the last 'x' number of blocks, but there's no hard limit. Monero stands to gain considerably from any disruption of Bitcoin over the 1MB limit. |
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xa4
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May 18, 2015, 10:33:22 PM |
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causes beyond its reasonable control, including but not limited to acts of God LOL Is that in the terms and conditions? yes, under 27. FORCE MAJEURE |
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Johnny Mnemonic
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May 18, 2015, 10:35:47 PM |
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I really don't see much trade volume leaving Poloniex. I'd guess the majority of its users can still trade comfortably within the "Level 1 Verification" requirements and not have to give away any meaningful information.
However, the introduction of margin trading will most likely be a positive thing for XMR. We're also getting closer to seeing a USD/XMR trading pair.
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celestio
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May 18, 2015, 10:38:46 PM |
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Is Poloniex going to open fiat markets?
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"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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oblox
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May 18, 2015, 10:45:14 PM |
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I really don't see much trade volume leaving Poloniex. I'd guess the majority of its users can still trade comfortably within the "Level 1 Verification" requirements and not have to give away any meaningful information.
However, the introduction of margin trading will most likely be a positive thing for XMR. We're also getting closer to seeing a USD/XMR trading pair.
Maybe smaller accounts will be fine but then there goes the liquidity and support from the larger holders moving elsewhere. It's a possibility nonetheless. No one knows how it will affect the markets in the next couple of days. All we have to go on right now is the 35k dumped thus far and knowing that people have until the 20th to get their coins off. Hard to really get a gauge on what the order books would look like if you lose the largest players providing the majority of liquidity. |
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Anon136
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May 18, 2015, 10:54:56 PM |
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causes beyond its reasonable control, including but not limited to acts of God LOL Is that in the terms and conditions? yes, under 27. FORCE MAJEURE I love how these are like the only terms and conditions in the history of the world that people are actually reading.  |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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smooth
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May 18, 2015, 10:55:54 PM |
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I really don't see much trade volume leaving Poloniex. I'd guess the majority of its users can still trade comfortably within the "Level 1 Verification" requirements and not have to give away any meaningful information.
However, the introduction of margin trading will most likely be a positive thing for XMR. We're also getting closer to seeing a USD/XMR trading pair.
Maybe smaller accounts will be fine but then there goes the liquidity and support from the larger holders moving elsewhere. It's a possibility nonetheless. No one knows how it will affect the markets in the next couple of days. All we have to go on right now is the 35k dumped thus far and knowing that people have until the 20th to get their coins off. Hard to really get a gauge on what the order books would look like if you lose the largest players providing the majority of liquidity. If there is demand for liquidity then compliant suppliers will arrive to serve that demand. However, it is possible that trading shifts to other exchanges. |
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kazuki49
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May 18, 2015, 10:56:33 PM |
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I love how these are like the only terms and conditions in the history of the world that people are actually reading. Everything about Monero is being hyper scrutinized, except our transactions |
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celestio
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May 18, 2015, 11:02:20 PM |
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I really don't see much trade volume leaving Poloniex. I'd guess the majority of its users can still trade comfortably within the "Level 1 Verification" requirements and not have to give away any meaningful information.
However, the introduction of margin trading will most likely be a positive thing for XMR. We're also getting closer to seeing a USD/XMR trading pair.
Maybe smaller accounts will be fine but then there goes the liquidity and support from the larger holders moving elsewhere. It's a possibility nonetheless. No one knows how it will affect the markets in the next couple of days. All we have to go on right now is the 35k dumped thus far and knowing that people have until the 20th to get their coins off. Hard to really get a gauge on what the order books would look like if you lose the largest players providing the majority of liquidity. It my view it might have the opposite effect. Large holders want to be safe in their dealing and activities, and KYC is safer than a regular crypto exchange without it. Large holders would probably stay and the same for small holders, but the "medium" guys or the ones smack dab in the middle might leave(Since the max withdrawal limit is $2k per day with the basic identity info). |
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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Johnny Mnemonic
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May 18, 2015, 11:10:04 PM |
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It would actually be great to see some volume shift to new exchanges, which is why I see this as win-win. Poloniex is growing up and Monero is growing up with it. I expect Polo to remain XMR's dominant exchange, but if not, it's still good news.
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LucyLovesCrypto
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May 18, 2015, 11:52:57 PM |
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Sorry for posting in this thread but XMR holders are smart! I love XMR
However I also have some BBR I want to withdraw from Poloniex. They do not offer a web wallet and I am not sure how long it would take me to set up a paper wallet to withdraw to directly without downloading the GUI first to create one. Can anyone tell me if the official BBR GUI is safe from malware etc?
My malware software cant find a problem but Firefox warns me when I download it. Thanks for any advice!
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Cryptogenius
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May 19, 2015, 12:16:02 AM |
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How does Monero fare in the blocksize debate that's currently going on with Bitcoin? Is a 1mb cap going to be an issue?
No, Monero has no block size limit and a fee that scales with the transaction, so issues like block size and attacking the network with dust are irrelevant. This is one of the core reasons why I have realized Monero truly is "Bitcoin 2". Sweet, I didn't know that was even possible. |
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koolkitty25
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May 19, 2015, 12:21:12 AM |
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How does Monero fare in the blocksize debate that's currently going on with Bitcoin? Is a 1mb cap going to be an issue?
No, Monero has no block size limit and a fee that scales with the transaction, so issues like block size and attacking the network with dust are irrelevant. This is one of the core reasons why I have realized Monero truly is "Bitcoin 2". Sweet, I didn't know that was even possible. Meow! I think the same. Monero is getting a lot of volume on Polo. |
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GingerAle
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May 19, 2015, 12:22:07 AM |
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Sorry for posting in this thread but XMR holders are smart! I love XMR
However I also have some BBR I want to withdraw from Poloniex. They do not offer a web wallet and I am not sure how long it would take me to set up a paper wallet to withdraw to directly without downloading the GUI first to create one. Can anyone tell me if the official BBR GUI is safe from malware etc?
My malware software cant find a problem but Firefox warns me when I download it. Thanks for any advice!
dude, I have no idea. You could sell your BBR for monero, and then we know what to do. |
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cAPSLOCK
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Whimsical Pants
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May 19, 2015, 01:13:38 AM |
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It might take a little while to see... but prepare to behold what anti-fragile looks like.
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smooth
Legendary
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Activity: 2968
Merit: 1198
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May 19, 2015, 02:00:26 AM |
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Sorry for posting in this thread but XMR holders are smart! I love XMR
However I also have some BBR I want to withdraw from Poloniex. They do not offer a web wallet and I am not sure how long it would take me to set up a paper wallet to withdraw to directly without downloading the GUI first to create one. Can anyone tell me if the official BBR GUI is safe from malware etc?
My malware software cant find a problem but Firefox warns me when I download it. Thanks for any advice!
Nobody can promise you that, other than scanning it, etc. If you want to be more safe you really have to compile it yourself. That might require more of a learning curve than you're prepared for. |
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bigj
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May 19, 2015, 06:29:25 AM |
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It would actually be great to see some volume shift to new exchanges, which is why I see this as win-win. Poloniex is growing up and Monero is growing up with it. I expect Polo to remain XMR's dominant exchange, but if not, it's still good news.
On polo, the KYC-rules-etc stuff was to be expected, mh? Bter is still out there - and it's not US based. |
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