[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 196.

luke997

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Quote from: gizmoh on May 30, 2014, 03:14:40 AM

Quote from: luke997 on May 30, 2014, 03:02:20 AM

Quote from: gizmoh on May 30, 2014, 02:58:01 AM

Quote from: luke997 on May 30, 2014, 02:53:26 AM

Quote from: gizmoh on May 30, 2014, 02:51:15 AM

(...) with suspicions of being pre-mined (50%) by its developer. (...)

How many times... There is no premine.

Where is the empirical evidence?
I said "suspicions" by reading this:
https://bitcointalksearch.org/topic/scam-darkcoin-instamine-2-millions-drks-50-of-darkcoin-in-circulation-560138

Where is the evidence?

Hate campaign by several users who promote their own scam coins is hardly anything.
Better check this user's history, and you'll realise where the real scam is.
As always, with the success comes hate. Same for BTC, LTC, now DRK...

http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F
https://darkcointalk.org/threads/the-birth-of-darkcoin.162/

So indeed 2 million Drk were created due to a "bug". According to Drk wiki those coins were supposedly distributed , the proof being just pointing to some posts of folks selling cheap.. Wow.

Was Darkcoin Instamined?

~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.
The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.
Examples of prices and selling action almost two weeks after launch:
https://bitcointalksearch.org/topic/m.4861558
https://bitcointalksearch.org/topic/m.4889177

These coins were not "created".
Coins were mined. You could have mined. I could have (I didn't).
There was an announcement, fair play.
No one shouted that loud until coin got big... of course it is easy to look back and point out fingers.

gizmoh

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Quote from: luke997 on May 30, 2014, 03:02:20 AM

Quote from: gizmoh on May 30, 2014, 02:58:01 AM

Quote from: luke997 on May 30, 2014, 02:53:26 AM

Quote from: gizmoh on May 30, 2014, 02:51:15 AM

(...) with suspicions of being pre-mined (50%) by its developer. (...)

How many times... There is no premine.

Where is the empirical evidence?
I said "suspicions" by reading this:
https://bitcointalksearch.org/topic/scam-darkcoin-instamine-2-millions-drks-50-of-darkcoin-in-circulation-560138

Where is the evidence?

Hate campaign by several users who promote their own scam coins is hardly anything.
Better check this user's history, and you'll realise where the real scam is.
As always, with the success comes hate. Same for BTC, LTC, now DRK...

http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F
https://darkcointalk.org/threads/the-birth-of-darkcoin.162/

So indeed 2 million Drk were created due to a "bug". According to Drk wiki those coins were supposedly distributed , the proof being just pointing to some posts of folks selling cheap.. Wow.

Was Darkcoin Instamined?

~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.
The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.
Examples of prices and selling action almost two weeks after launch:
https://bitcointalksearch.org/topic/m.4861558
https://bitcointalksearch.org/topic/m.4889177

TERA

hero member

Activity: 728

Merit: 500

It's amazing to watch how the price rallies over crap like this - shows how gullible people are.

luke997

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Activity: 294

Merit: 100

Quote from: gizmoh on May 30, 2014, 02:58:01 AM

Quote from: luke997 on May 30, 2014, 02:53:26 AM

Quote from: gizmoh on May 30, 2014, 02:51:15 AM

(...) with suspicions of being pre-mined (50%) by its developer. (...)

How many times... There is no premine.

Where is the empirical evidence?
I said "suspicions" by reading this:
https://bitcointalksearch.org/topic/scam-darkcoin-instamine-2-millions-drks-50-of-darkcoin-in-circulation-560138

Where is the evidence?

Hate campaign by several users who promote their own scam coins is hardly anything.
Better check this user's history, and you'll realise where the real scam is.
As always, with the success comes hate. Same for BTC, LTC, now DRK...

http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F
https://darkcointalk.org/threads/the-birth-of-darkcoin.162/

gizmoh

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Activity: 1428

Merit: 1000

Quote from: luke997 on May 30, 2014, 02:53:26 AM

Quote from: gizmoh on May 30, 2014, 02:51:15 AM

(...) with suspicions of being pre-mined (50%) by its developer. (...)

How many times... There is no premine.

Where is the empirical evidence?

I said "suspicions" by reading this:
https://bitcointalksearch.org/topic/scam-darkcoin-instamine-2-millions-drks-50-of-darkcoin-in-circulation-560138

luke997

full member

Activity: 294

Merit: 100

Quote from: gizmoh on May 30, 2014, 02:51:15 AM

(...) with suspicions of being pre-mined (50%) by its developer. (...)

How many times... There is no premine.

gizmoh

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Activity: 1428

Merit: 1000

If this is confirmed then this is a bad move. To allow trading of a new anonymous alpha coin, still prone to forks and serious bugs, with suspicions of being pre-mined (50%) by its developer. I sure hope Margin trading isn't allowed for that roller-coaster coin..

opet

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Quote from: windjc on May 30, 2014, 02:12:06 AM

The answer is yes.

Says who? Still no official confirmation as far as I can tell...

Propulsion

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Activity: 658

Merit: 500

The Buck Stops Here.

Quote from: windjc on May 30, 2014, 02:12:06 AM

Quote from: predatorkill on May 30, 2014, 02:01:48 AM

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same

The answer is yes.

Thanks Non-Bitfinex Employee.

TDB

newbie

Activity: 16

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What are you guys at Bitfinex doing to insure another crash of the site doesn't happen like a few days ago when it was under heavy load?

ShroomsKit_Disgrace

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Yeah! I hate ShroomsKit!

Quote from: windjc on May 30, 2014, 02:12:06 AM

Quote from: predatorkill on May 30, 2014, 02:01:48 AM

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same

The answer is yes.

YAY!!!

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: predatorkill on May 30, 2014, 02:01:48 AM

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same

The answer is yes.

predatorkill

full member

Activity: 140

Merit: 100

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same

F-bernanke

sr. member

Activity: 308

Merit: 250

Quote from: qwizzie on May 30, 2014, 12:54:02 AM

is it true that you are implementing Darkcoin to trade with ?

I sure hope not. As if LTC isn't risky enough for margin trading. Is there a way to only offer swaps for BTC trading?

I just don't understand why BFX would enter the alt market. I would prefer if they perfected the current platform first.

qwizzie

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Activity: 2548

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is it true that you are implementing Darkcoin to trade with ?

Phil_UK

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Quote from: urwhatuknow on May 28, 2014, 10:28:34 AM

Quote from: Phil_UK on May 27, 2014, 01:17:51 PM

Hi,
Apologies for not checking every post...couple of questions. (Edit - since checked. Questions remain same)

1) How long does support usually take to respond to an email?

2) As I'm still waiting for support, does anyone know if they are flexible on photo ID documents for verification. I only have the single ID with photo (Passport). I have applied for an updated (new style photo) driving licence but that will take 2-3 weeks to come through.

Thanks v much

Please write to [email protected]

Have a good day

Giancarlo
Bitfinex Team

Done
Thank You

urwhatuknow

sr. member

Activity: 446

Merit: 250

CAT.EX Exchange

Quote from: Phil_UK on May 27, 2014, 01:17:51 PM

Hi,
Apologies for not checking every post...couple of questions. (Edit - since checked. Questions remain same)

1) How long does support usually take to respond to an email?

2) As I'm still waiting for support, does anyone know if they are flexible on photo ID documents for verification. I only have the single ID with photo (Passport). I have applied for an updated (new style photo) driving licence but that will take 2-3 weeks to come through.

Thanks v much

Please write to [email protected]

Have a good day

Giancarlo
Bitfinex Team

Phil_UK

newbie

Activity: 6

Merit: 0

Hi,
Apologies for not checking every post...couple of questions. (Edit - since checked. Questions remain same)

1) How long does support usually take to respond to an email?

2) As I'm still waiting for support, does anyone know if they are flexible on photo ID documents for verification. I only have the single ID with photo (Passport). I have applied for an updated (new style photo) driving licence but that will take 2-3 weeks to come through.

Thanks v much

xeverse

full member

Activity: 124

Merit: 100

Quote from: noggin-scratcher on May 27, 2014, 10:33:46 AM

Quote from: xeverse on May 27, 2014, 06:14:00 AM

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

Okay, so you mean to take a swap before you need it, at a time when you're not yet able to use it, so that it's reserved at a low rate for when you want it?

I don't know; I suspect that's not something the system will let you do, but I don't see what the harm would be in allowing it. Might have the potential to be abused by someone seeking to manipulate the swap rate by taking up the cheap liquidity without any intent of ever using it - being able to keep up the fee payments is a much lower bar than having enough funds to back up a margin trade.

Although, if you want to take advantage of the cheap swaps that are available, you should be able to 'refinance' by cancelling your existing swap; it'll automatically take the cheapest offer to replace it.

Thanks. That's exactly what i have on my mind.

In order to prevent abusing the swap rates, the risk can be calculated and
leveraging limit can be set, the way it's done with margin trading.
Or just let the free market unfold its wisdom. Experimental.

Ente

legendary

Activity: 2126

Merit: 1001

Quote from: noggin-scratcher on May 27, 2014, 10:33:46 AM

Quote from: xeverse on May 27, 2014, 06:14:00 AM

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

Okay, so you mean to take a swap before you need it, at a time when you're not yet able to use it, so that it's reserved at a low rate for when you want it?

I don't know; I suspect that's not something the system will let you do, but I don't see what the harm would be in allowing it. Might have the potential to be abused by someone seeking to manipulate the swap rate by taking up the cheap liquidity without any intent of ever using it - being able to keep up the fee payments is a much lower bar than having enough funds to back up a margin trade.

Although, if you want to take advantage of the cheap swaps that are available, you should be able to 'refinance' by cancelling your existing swap; it'll automatically take the cheapest offer to replace it.

Exactly that is possible, and makes sense.
Either reserve funds beforehand, or get them on-the-go. Either way, you pay the rates for the whole time, "used" or "unused". It now makes less sense, as the longest time you can get funds is only 30 days.

Ente

Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 196. (Read 723903 times)