Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 109. (Read 723861 times)
December 15, 2014, 09:01:11 PM
yeah looks like my phone is out of sync. i installed authy on my PC and the code worked. very strange!
December 15, 2014, 08:58:07 PM
anyone else having an issue logging in to BFX using the 2FA? keeps telling me my code is invalid.
Fine for me. Have you checked that your system clock (on your phone) is accurate?
The codes are time-dependent so if you disagree with the server about the time you may generate a different code than it's expecting to receive.
December 15, 2014, 08:37:33 PM
anyone else having an issue logging in to BFX using the 2FA? keeps telling me my code is invalid.
December 15, 2014, 04:33:03 PM
Now that the whole TH1 contract fiasco is over.
Ways in which BFX profited from the manipulation of the TH1 contract at the expense of their customers
1. The price premium that was caused by manipulation and the increased volatility due to market manipulation increased the TH1BTC swap rate to two or more times what it should have been. This doubled the amount of swap fees.
2. The price premium increased the fees collected on trades.
3. (optional) The price premium may have allowed Bitfinex to sell contracts to the market maker at a higher price than they cost. The identity of the market maker is unknown and given the manipulation in the market and the way in which contracts were randomly issued this is disturbing.
Ways in which BFX profited from the manipulation of the TH1 contract at the expense of their customers
1. The price premium that was caused by manipulation and the increased volatility due to market manipulation increased the TH1BTC swap rate to two or more times what it should have been. This doubled the amount of swap fees.
2. The price premium increased the fees collected on trades.
3. (optional) The price premium may have allowed Bitfinex to sell contracts to the market maker at a higher price than they cost. The identity of the market maker is unknown and given the manipulation in the market and the way in which contracts were randomly issued this is disturbing.
Bitfinex has lost points on this situation in the eyes of many clients... (the market started with a long squeeze and ended with a short squeeze, new TH1 were issued with little to no warning in a self-contained market, mysterious market maker raping everybody...).
I suggest they at least consider refunding some of the losses people are reporting (even as low as 10% refund will be seen positively).
Unfortunately, if they do so they have to pay from their own pockets (they can't expect who profited from this to still have the money in their account, and will not be positive for their image anyway to 'seize' users funds).
So, maybe a limited 'rollback' can be an acceptable solution. And I really hope no more mining contracts will be traded at bitfinex (at least without some serious redesign of the system).
December 15, 2014, 03:12:28 PM
Now that the whole TH1 contract fiasco is over.
Ways in which BFX profited from the manipulation of the TH1 contract at the expense of their customers
1. The price premium that was caused by manipulation and the increased volatility due to market manipulation increased the TH1BTC swap rate to two or more times what it should have been. This doubled the amount of swap fees.
2. The price premium increased the fees collected on trades.
3. (optional) The price premium may have allowed Bitfinex to sell contracts to the market maker at a higher price than they cost. The identity of the market maker is unknown and given the manipulation in the market and the way in which contracts were randomly issued this is disturbing.
Ways in which BFX profited from the manipulation of the TH1 contract at the expense of their customers
1. The price premium that was caused by manipulation and the increased volatility due to market manipulation increased the TH1BTC swap rate to two or more times what it should have been. This doubled the amount of swap fees.
2. The price premium increased the fees collected on trades.
3. (optional) The price premium may have allowed Bitfinex to sell contracts to the market maker at a higher price than they cost. The identity of the market maker is unknown and given the manipulation in the market and the way in which contracts were randomly issued this is disturbing.
December 15, 2014, 03:38:22 AM
Is the BTC hotwallet empty? I have not received my withdrawal, yet...
It is currently "Processing" (it is just 15 mins, so no big deal)
e. withdrawal completed
It is currently "Processing" (it is just 15 mins, so no big deal)
e. withdrawal completed
December 14, 2014, 10:15:26 PM
Are you guys talking about normal USD swaps? I've never encountered something similar and the swap payment seems consistent with the rate at the moment.
Those last two guys seem to be talking about a different thing than I was - all I noticed was some potential weirdness around the expiry date where it seemed to reset the unused remainder to the full initially offered duration (or possibly just rounded up to a whole number of days; would have had the same effect) whenever funds were moved from unused to used. Never noticed any discrepancy with the payment.
I wonder if it's connected with that other oddness in the other direction, where the 'time remaining' on reserved funds repeatedly ticked downwards as they were used... could be the implementation only has a concept of integer numbers of days.
December 14, 2014, 08:08:22 PM
Just a heads-up:
2FA seems to treat "000001" and "1" the same - while ignoring leading zeroes is not THAT much of a problem (still a large search space), it is still something that could/should be fixed in your backend.
Interesting. It also ignores additional non numer signs like if you type 48458# instead of 48458 it will be accepted.2FA seems to treat "000001" and "1" the same - while ignoring leading zeroes is not THAT much of a problem (still a large search space), it is still something that could/should be fixed in your backend.
One thing I'm not certain of, as there are so few opportunities to really test it, is whether the same applies for unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
this is what I have noticed too, mine is closer to "expiring" 14th Dec (30 days from 14th Nov) but still 12 days to go
same with my unused swaps......this bug must be fixed...gives me the impression of a loophole ...I stopped offering.until it is fixed.or paid on time...awaiting some comments from you and/or from the support.
Hooray!!!!!!....finally the swap was paid on time......the support DIDNOT respond to my messages..... and I was a bit nervous reminding me the Gox days....
December 14, 2014, 03:35:18 PM
Just a heads-up:
2FA seems to treat "000001" and "1" the same - while ignoring leading zeroes is not THAT much of a problem (still a large search space), it is still something that could/should be fixed in your backend.
2FA seems to treat "000001" and "1" the same - while ignoring leading zeroes is not THAT much of a problem (still a large search space), it is still something that could/should be fixed in your backend.
December 13, 2014, 10:00:27 AM
TH1 is probably going to return 4.3 more dividends. But it could be anything from 1-10.
then im losing 0.6 btc...
December 12, 2014, 10:49:14 PM
One thing I'm not certain of, as there are so few opportunities to really test it, is whether the same applies for unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
this is what I have noticed too, mine is closer to "expiring" 14th Dec (30 days from 14th Nov) but still 12 days to go
same with my unused swaps......this bug must be fixed...gives me the impression of a loophole ...I stopped offering.until it is fixed.or paid on time...awaiting some comments from you and/or from the support.
Hooray!!!!!!....finally the swap was paid on time......the support DIDNOT respond to my messages..... and I was a bit nervous reminding me the Gox days....
December 12, 2014, 09:25:23 PM
TH1 is probably going to return 4.3 more dividends. But it could be anything from 1-10.
December 12, 2014, 10:24:22 AM
how much dividend for TH1 is possible 
i need 6 more... i hope this is possible or i lost my btc
i need 6 more... i hope this is possible or i lost my btc
December 11, 2014, 01:37:41 PM
Hey guys, sorry I haven't been around, from what I saw there was some interesting discussion about my last post, and I have some catching up to do. I'm working really hard to get this upgrade done ASAP, and I really think that you all will be impressed. We have grown so much,and its super important to build up the infrastructure for the future. I'm really looking forward to showing you guys some awesome new features, as well as finally being able to take a lot of your suggestions and bring them to reality.
Just wanted to give a quick update, and I will go back and read through what was said. Until then, feel free to ask to me questions, etc.
-Josh
Just wanted to give a quick update, and I will go back and read through what was said. Until then, feel free to ask to me questions, etc.
-Josh
the unused swaps ....gives the impression of a loophole ....please check/examine and give some answers
December 11, 2014, 05:19:48 AM
One thing I'm not certain of, as there are so few opportunities to really test it, is whether the same applies for unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
this is what I have noticed too, mine is closer to "expiring" 14th Dec (30 days from 14th Nov) but still 12 days to go
same with my unused swaps......this bug must be fixed...gives me the impression of a loophole ...I stopped offering.until it is fixed.or paid on time...awaiting some comments from you and/or from the support.
December 10, 2014, 08:59:25 PM
One thing I'm not certain of, as there are so few opportunities to really test it, is whether the same applies for unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
this is what I have noticed too, mine is closer to "expiring" 14th Dec (30 days from 14th Nov) but still 12 days to go
December 10, 2014, 07:24:33 PM
Hey guys, sorry I haven't been around, from what I saw there was some interesting discussion about my last post, and I have some catching up to do. I'm working really hard to get this upgrade done ASAP, and I really think that you all will be impressed. We have grown so much,and its super important to build up the infrastructure for the future. I'm really looking forward to showing you guys some awesome new features, as well as finally being able to take a lot of your suggestions and bring them to reality.
Just wanted to give a quick update, and I will go back and read through what was said. Until then, feel free to ask to me questions, etc.
-Josh
Just wanted to give a quick update, and I will go back and read through what was said. Until then, feel free to ask to me questions, etc.
-Josh
December 10, 2014, 04:33:44 PM
One thing I'm not certain of, as there are so few opportunities to really test it, is whether the same applies for unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
I have before now had a 30 day reservation taken out on a block of funds, which the trader then proceeded to trade very very slowly into a position - like, $3 at a time, and each time they broke off another $3 piece to convert into a 'used' swap, the time remaining counter on the unused remainder seemed to reset back to "about 1 month" or, shortly later, "30 days", even while the remaining time on the active swaps (the funds for which had originally been the same block) ticked down to 29 or 28 days.
They returned the whole lot long before it became relevant, but it left me with the impression of a loophole around unused swaps.
December 10, 2014, 11:30:18 AM
14 days + 1 hour
thanx russianptr but...
are you working for bitfinex?
are you sure about your answer?
yes, im the new CEO and i intend to be more active here in the future!
no just kidding, I´m just a bitfinex user but I experienced the same
situation with my swaps very often... that´s why i know how it works.
He's right. Thats how it works. (I'm also not a Bitfinex employee, but I have MANY, MANY loans out, which get partially paid back all the time).
December 10, 2014, 11:27:57 AM
I cannot login to my account anymore, and I get no password reset emails from you. I have sent an email more than an hour ago, no response. Please let me know you haven't vanished with my bitcoins, I am getting nervous.
I think their customer support is on Hong Kong time, so its the middle of the night there. They usually respond pretty quickly once they get into the office.
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