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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 193. (Read 723861 times)

full member
Activity: 172
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I think it's unlikely that BFX would add Darkcoin support given the level of risk.  If they add it, don't allow margin trading.
Sry, but it's not unlikely at all. Everything published so far points to it happening right now! The evidence is absolutely there. Look at the links.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Anyone noticed the shady sell off that occurred briefly after someone bought up all the USD swaps at bitfinex? Insider trading going on? Someone trying to orchestrate a long squeeze?
member
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Merit: 13
Offering money for 0.2 % percent is not worth it if your funds can lose 10 % because of a DRK crash.

It's even worse if you're lending BTC. A 10% loss would take out multiple years worth of interest.  Sad

Weird..because I remember Litecoin crashed from $50 to $30, and from $30 to 10........

That's more than 70% value lost...

I also remember Bitcoin crashed from $1200 to $400....

But what I remember most, is Darkcoin went from $0.70 to $15, and we're still in the beginning...

You guys in this thread are Beyond hyptocritical.

We're not talking about value lost, we're talking about actual USD or BTC lost. As in, I lend out 10 BTC to margin traders and only get 9 BTC back due to forced liquidation going awry. In that case I've lost 10% of my lent funds, regardless of what the price of BTC does in the meantime.

Anyone feel like we're being brigaded by the Darkcoin folks? This whole thing smells like a plot cooked up by DRK holders to pump up the price. Can anyone trustyworthy vouch for whether the original "evidence" of Bitfinex intending to add DRK ever existed in the first place?

"They added a blank order book for it" is definitely bullshit, since you can get a blank order book for anything: https://www.bitfinex.com/pages/order_book/?pair=abcdef
hero member
Activity: 530
Merit: 500
Very interested to start trading DRK on bitfinex. DRK is currently my portfolio's main currency. Your site's features are mouth watering, so I'm having my fingers crossed.
hero member
Activity: 532
Merit: 500
the centralization of wealth for darkcoin is what kills it.
Posted from Bitcointa.lk - #PliGgZWSkofEkfVO

They should add Blackcoin though, that had a fair distribution. No wait, it's a 7 day instamine festival for 74.5 million coins. All POW to POS coins have insanely shit distribution. Go read the Darkcoin thread in the first pages, people were selling their coins, not holding on to them in some kind of Masterplan where Darkcoin would be worth 12$+ each.
full member
Activity: 168
Merit: 100
New investor round with fresh capital on mid June on my side.
DRK/USD definitively important, will include in our portfolio.
hero member
Activity: 504
Merit: 500
eidoo wallet
I am eager to signup on finex given this news. Can anyone with any account give some more info on how swap providers work? Is it possible to not use certain swap providers and let others know how to not give business to certain entities or is it a generic and you don't know who is offering what.

Same here, I'd definitely be using their usd/drk market.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
I am eager to signup on finex given this news. Can anyone with any account give some more info on how swap providers work? Is it possible to not use certain swap providers and let others know how to not give business to certain entities or is it a generic and you don't know who is offering what.
legendary
Activity: 1456
Merit: 1000
I have a running review of Darkcoin, if anyone is interested in the general landscape of anonymity tools, why they are needed, regulatory overview and what might be the benefits to Bitcoin, etc.

https://bitcointalksearch.org/topic/m.6335710

Any comments, feedback further research required, etc, please let me know there
legendary
Activity: 1868
Merit: 1023
I think it's unlikely that BFX would add Darkcoin support given the level of risk.  If they add it, don't allow margin trading.
hero member
Activity: 882
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Ching-Chang;Ding-Dong
the centralization of wealth for darkcoin is what kills it.
Posted from Bitcointa.lk - #PliGgZWSkofEkfVO
hero member
Activity: 504
Merit: 500
eidoo wallet
Offering money for 0.2 % percent is not worth it if your funds can lose 10 % because of a DRK crash.

It's even worse if you're lending BTC. A 10% loss would take out multiple years worth of interest.  Sad

Weird..because I remember Litecoin crashed from $50 to $30, and from $30 to 10........

That's more than 70% value lost...

I also remember Bitcoin crashed from $1200 to $400....

But what I remember most, is Darkcoin went from $0.70 to $15, and we're still in the beginning...

You guys in this thread are Beyond hyptocritical.
member
Activity: 77
Merit: 13
Offering money for 0.2 % percent is not worth it if your funds can lose 10 % because of a DRK crash.

It's even worse if you're lending BTC. A 10% loss would take out multiple years worth of interest.  Sad
full member
Activity: 168
Merit: 100

The question has to be ask, is BitFinex in financial difficulty?
Usually when a company takes reckless measures its the first sign that they have troubles.


Check the BTC/LTC yesterday charts.
How a large exchange as BitFinex could survive with just BTC/USD in the near future. LTC has a large volume, but the value and interest is going in the same Dogecoin direction.

If BitFinex didn't take the opportunity now, they will lost market share for sure.

I dropped a message few weeks ago at the BTC-e: "I will lost my chat privileges temporarily, moving to trade other coins, happy trading here" (can't remember the exact words).
full member
Activity: 172
Merit: 100
http://www.reddit.com/r/BitcoinMarkets/comments/27158u/bitfinex_is_going_to_list_drkbtc_and_drkusd_very/

I'm getting ready to pull out,. If DRK gets enabled for margin trading I'm done.

Any arguments about why you want to pull out ? You sound so dramatic ...
I'm mainly operating as a swap provider on BFX and if I cannot choose to whom I lend money for trading I feel not safe in case of a large DRK crash. Alts have the potential to crash very hard which makes providing money for long positions dangerous.
Look at this chart. https://coinmarketcap.com/drk_30.html Darkcoin has lost 50 % of it's value in less than three days. On top of the huge volatility liquidity will likely be low (such a ltc liquidity on bfx which is....rough). BFX cannot guarantee a force liquidation under these cirumstances which is an incalculatable risk to me. Offering money for 0.2 % percent is not worth it if your funds can lose 10 % because of a DRK crash.

See my other post as well:

https://bitcointalksearch.org/topic/m.7039176

If DRK is added as a pure exchange coin I might consider staying but everything points to it added as a regular margin coin. Unacceptable for me.
legendary
Activity: 1708
Merit: 1049
Where do you find such "facts", I wonder:

Quote
Lets look at some facts:
Darkcoin is a completely centralized coin. Less than a 1000 addresses hold 90% of all coins. How many addresses the instaminers each have  is anyone's guess

Coin distribution is great and it's becoming even better with increasing buying interest.

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The coin after the emergency intervention survives on live-support and its uncertain if it recovers completely or if the same will happen in a years time again.

Darkcoin is a development platform, not a static dinosaur like LTC. It has had something like 10 forks up to now and it'll probably have more. So what? It's what allows it to evolve and complete its development plan. It's in active development. Realize that.

Bitcoin forked and then it got to 1000$+.

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Right now there is zero market for it as not even the dark market has any use for it.

The market disagrees with you.

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Better anonymous coins exist and its not the first as fraudulently claimed.

People were darksending money back in february-march. Tell me, which coin could you use back in February-March for anonymous transactions? Bytecoin? That wasn't even known to anyone.

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Its closed sourced at moment so it could contain keylogers or whatever (anonymous and closed source is worst possible combo)

There are two clients. Open source without DarkSend and closed-source with DarkSend. You can receive DarkSends in your address even without having a wallet (or closed source wallet). You can only send them with the closed-source wallet. If you don't want to use it, use the open source.

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The block reward was very high at the beginning and not fixed, now ist just the conventional block halving "Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))" (it took bitcoin over a year to have the same number of coins than Darkcoin had in a month, by same max supply)

Yes, and? PoS/PoW coins instamine their entire monetary base in one-two weeks and everybody is okay in terms of "fairness" to future miners who can't mine anything.

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As it is ASICs resistant it leaves no room for growth in the hardware sector as the dev claimed he will do anything to keep those money hungry large companies out of his coin

It is ASIC resistant because there is no ASIC. The dev has said he hopes for the same path that BTC had (cpu=>gpu=>asic). You are confusing it with VTC.

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Regulation regarding cryptocoins will come, its a matter of when, not if. A coin with its main purpose of financial terrorism is not going to shine.

Ahahahaha main purpose financial terrorism. W T F. Privacy is terrorism? If you don't want your bank statement for all to see, you are a terrorist? Why would you want your blockchain info to be transparent to everyone? Do you scan your visa statements and post it on your twitter? Then why do it with your cryptos?

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China not even allowing something humorous like Dogecoin to be used. How will the act once they know about the Darkside.

Their loss.

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No legit merchant will accept or can accept it.

http://www.bitgild.com/

You can buy gold, silver and platinum right now with DRKs. You can also buy products and services.

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Bitfinex seamed more like a backyard operation than the 'most advanced financial place in the bitcoin world', falling for the simplest of tricks when the instaminers started to trade with themselves on high volume to kickstart the frenzy, after having finished the half year nijamining on high block reward, succeeding the 10% instamine without a windows/mac walled and no pool and a max supply of 84mil for about a month then reduced to 22mil

Yeah, the instaminers apparently also instamined 20mn USD to pump the price. Ignorance in full mode.
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000
http://www.reddit.com/r/BitcoinMarkets/comments/27158u/bitfinex_is_going_to_list_drkbtc_and_drkusd_very/

I'm getting ready to pull out,. If DRK gets enabled for margin trading I'm done.

Any arguments about why you want to pull out ? You sound so dramatic ...
hero member
Activity: 504
Merit: 500
eidoo wallet
If people "pull" out  because of things like, the first anonymous coin getting added to Bitifinex, and they don't want litecoin etc to be challenged, then they should pull out already..Why?

Darkcoin getting added will bring much Bigger whales, I've seen 700 btc darkcoin buys, 500 btc darkcoin buys, etc etc.

Grow up people, Bitifinex knows that DRK has some real heavy hitters, who wouldn't want it on their exchange...
full member
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sr. member
Activity: 308
Merit: 250
Hello,

I have got an account at Bitfinex.com, and some friends also want to signup there. They have asked my Referral code, but I have no idea where do I find this info. Could you please help me?

Thank you.
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