Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 344. (Read 723990 times)

Average Variable Interest Rate is now in the Stats page. Nice!

I do recall Raphy saying he ordered more hardware, though I doubt that's being laid out right now

oh, that's why no orders are executed on bfx?

Shouldn't we be able to trade bfx-only?

The order book isn't even loading.

Hi,

How willl the scheduled down time of Bitstamp affect order execution of Bitfinex?

Thx

Ninjaboon

No unfortunately it is slow at time (some "peak" time), I have to admit.


Oda.krell

We will increase it in the future, but it will stay at this frequency for the time being. Thank you for your comprehension.


Molecular,

Normally now, when you make a withdrawal request, either you have OTP enabled and it's instant, or you receive an email with a link to click on (after which it is also automated).

This is why I don't approve withdrawals manually (except large one or when the hot wallet was empty).

Thanks

Raphael
Bitfinex team

Loaded ok for me. I guess it depends on your location or local internet speed.

Hello guys,


About the re-lending thing: We had a discussion about it and the conclusion was that it would do more harm than good (all good offers would be quickly taken leaving the "bad" one to others).. So this is not going to happen.

About the speed of the servers. Yes, it is slow. Painfully slow. We are fully aware of it, and we have ordered a new round of upgrade (which unfortunately is not as easy as adding servers in this case).

The P2P lending is great, but it's a server killer

About Bitstamp funds, we have a lot of money under way, on top of the one resulting from the crash last night. This will chase the liquidity problem for some time.

Thanks for anyone's feedback

best regards
Raphael

I agree, we need more extra bandwidth and processing power. Especially since we're heading for stormy weather, full of market turbulence.

Raphael, Giancarlo, the site is too slow! Bids, asks and the orderbook don't load, or take way too long!
This is a quite bad time for the servers taking a nap! :-)

Ente

The minimum lending amount was changed to $100? What is the reason for this?

A small request, should be simple enough to implement if you see my point: can you slightly increase the frequency at which Autolend is run? I just noticed it took more than 30 minutes before my funds were offered again -- which is not terrible, but still a bit too long I would say. Maybe running it every 5 to 10 minutes would be possible, and not too computationally expensive?

So this is why routing through Bitstamp does nothing?

so, when will you guys get more cash to Bitstamp? atm, Bitfinex is not usable for me with Bitstamp asks disapearing all the time

I have pending BTC and LTC withdrawal request since 15 hours. How long will it take?

Thanks, very useful. Didn't use bitcoinity in a while, completely missed they list bitfinex.



Quick to answer, as always. Thanks :)

Indeed, this was no serious suggestion. Money to be lent out must be somewhere, after all, not? :-)


This would be a bad idea.
It would totally distort the "free market price finding" mechanism. It would not add any benefit, it would just distribute the same money around. Rates would go up enormously and make the lending part uninteresting for most other people.
You *could* argue that it would stabilize the rates a bit, in low-rates times more is lent out, in high-rates times there is more available. But in the end, I believe it would make borrowing a worse experience.
It might work out more fair when the borrower has a minimum time he must borrow the funds. Or both the lender and borrower have to click "close prematurely" to close it. Then the borrower would have a real benefit (additional volume).
Okay, thinking of it, there could be two kinds of "borrow": "Use for yourself", like it is now. "Use for re-lending", where you can re-lend for a higher rate, but can only close the lend before exoiration when the original lender agrees. And as a lender you should be able to decide to only lend the current way, the new way, or both.

I will close a position these days. My average rate is much lower than the current rates. I did think "man, if I could re-lend it for the current rates, sweet!". But then, closing my position now, I help to lower the average rate, and give the lenders the chance to re-lend for a better rate next time. So, all-in-all, I find it difficult to have another middleman to collect money for nothing, from both sides..

Ente

About other questions:

-A "lend all" button will be added
-Loans history: I've begin preparing this, there will be two pages (one for used loans, another for unused loans that you lent)
-Charting: this is coming sooner than you think, we have someone working on this, an alpha version already exists.

Thanks everybody
Raphael
Bitfinex

Hello guys,

I made a change yesterday that may explain it (I was aware of the risk during the transition but optimization was needed). Could you kindly give me your bitfinex username so I can check your account and confirm everything?

Thanks
Raphael

Careful here. This may not be as easy as you think and perhaps maybe not even advisable. From what I assume, BTCChina is operating in mainland China, not HongKong (BFX). And there are problems with getting yuan out of the country / exchanging yuan. I also assume they (BTCChina's banks) don't want USD currency. I know little of this matter, but this needs to be thought over and weighted carefully.

Great idea ! I want it too. And please keep the classic bitfinex, it's easier to use on mobile phone.