bitdaytrade inaccessible | Bitcointalksearch.org

alan2here

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Quote from: Stephen Gornick on August 16, 2012, 01:09:16 PM

Quote from: alan2here on August 16, 2012, 11:07:04 AM

Why can't Gox just offer leverage, even if it's just 2x and get it over with.

Possibly because they would then be regulated differently? Currently, there is the claim that all funds deposited are held in accounts by Mt. Gox. So every BTC USD, GBP, etc. can be withdawn and Mt. Gox should not have any problem meeting those withdrawals.

To offer leverage they would need to use a risk algorithm that can limit their exposure to the situation where they have loaned out more bitcoins than they hold, but they cannot guarantee it. I don't want my exchange to be engaged in speculative activity where my deposits are at risk.

Incidentally, here's a related thread:

Leverage comparison SuperThread
- https://bitcointalksearch.org/topic/leverage-comparison-superthread-101081

Thanks, and I agree.

I am the author of the leverage thread, I made it since creating this one, feel free to post in it some more, it needs more information.

I would expect, given that it is presumably profitable, for MTGox to use their profits if they offered leverage to ensure there is always enough money for everyone to withdraw.

Bitcoin Oz

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Wat

All the finger pointing just proves that is no "honour amongst thieves".

Bigpiggy01

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Quote from: RaggedMonk on August 16, 2012, 06:41:35 PM

There are a bunch of sockpuppets on reddit accusing BDT of being the thief responsible for the Kronos hack. One previously promoted Yoon Yeonghwa's launch of posadoll. Could MNW (a known sockpuppeter) be trying to sling mud on BDT?

http://www.reddit.com/r/Bitcoin/comments/yc6rf/we_demand_a_public_apology_from_uthezenpadguy/c5ua667

Is MNW responsible for the Kronos hack, and sees the BDT hack as an opportunity to shift the blame?

There is nothing conspiracy about that. It has been at least semi public knowledge for half an age.

Ichthyo

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There seems to be a political quarrel going on behind the scenes.

see this thread for some symptoms ;-)
https://bitcointalksearch.org/topic/jonathan-ryan-owens-locked-rebate-zipa-alberto-bdt-thread-101109

Each party seems to accuse the other one of being the root of all evil, and apparently hacking sites is used as a weapon.

RaggedMonk

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There are a bunch of sockpuppets on reddit accusing BDT of being the thief responsible for the Kronos hack. One previously promoted Yoon Yeonghwa's launch of posadoll. Could MNW (a known sockpuppeter) be trying to sling mud on BDT?

http://www.reddit.com/r/Bitcoin/comments/yc6rf/we_demand_a_public_apology_from_uthezenpadguy/c5ua667

Is MNW responsible for the Kronos hack, and sees the BDT hack as an opportunity to shift the blame?

repentance

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Quote

As a pre-emptive measure, we have deleted every database record related to users. This effectively renders bitdaytrade.com useless. We demand a public apology in exchange for a backup of the previous state of the database.

http://www.reddit.com/r/Bitcoin/comments/yc6rf/we_demand_a_public_apology_from_uthezenpadguy/

http://www.reddit.com/r/Bitcoin/comments/yb89v/bitdaytradecom_operator_has_already_lost_4000btc/

Stephen Gornick

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Quote from: alan2here on August 16, 2012, 11:07:04 AM

Why can't Gox just offer leverage, even if it's just 2x and get it over with.

Possibly because they would then be regulated differently? Currently, there is the claim that all funds deposited are held in accounts by Mt. Gox. So every BTC USD, GBP, etc. can be withdawn and Mt. Gox should not have any problem meeting those withdrawals.

To offer leverage they would need to use a risk algorithm that can limit their exposure to the situation where they have loaned out more bitcoins than they hold, but they cannot guarantee it. I don't want my exchange to be engaged in speculative activity where my deposits are at risk.

Incidentally, here's a related thread:

Leverage comparison SuperThread
- https://bitcointalksearch.org/topic/leverage-comparison-superthread-101081

alan2here

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Thanks. I had no money in there yet, and I can't access the site now so I can't change my password.

Everyone is so suceptable at the moment. Why can't Gox just offer leverage, even if it's just 2x and get it over with.

ICBit is trustworthy? Except that it has an orderbook of just 9 items at the moment.

dust

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Be careful: https://bitcointalksearch.org/topic/m.1103899

rebuilder

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http://www.reddit.com/r/Bitcoin/comments/ybaut/do_not_invest_in_bitdaytrade_this

get your money out.

Nefario

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GLBSE Support [email protected]

Also works for me .

bitarrow

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works fine here

alan2here

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For example
https://bitdaytrade.com/faq

For me it seems to load forever. I can't access anything other than the front page of the site and the login/register pages.

Topic: bitdaytrade inaccessible (Read 2939 times)