Topic: [XMR] Monero Speculation - page 922. (Read 3314350 times)
I see there are people arguing both for and against Bitfinex's actions after the hack and also bringing Poloniex in the argument. It would be a mistake to bring Poloniex in the argument. That is in the past and they got lucky. It does not mean that Bitfinex will be lucky too. I also cannot see the listing of XMR at Bitfinex as a positive. If another negative update about the hack comes it will only make Monero drop in price.
Accusing people of being emotion driven whilst describing them as 'butt-hurt' is somewhat hypocritical. And the idea of 'let's move forward' (and forget the past) is the sort of nonsense used by politicians after their own failed policies have plunged a country or region into chaos; far wiser to look back and learn from the failures of history.
Finex have had a dreadful reputation for many years with many forum users reporting all sorts of dubious behaviour long before the 'hack'.
Bad things happen in life of course but when bad things keep happening in the same place one should apply some appropriate caution. Mocking such caution is churlish.
Finex have had a dreadful reputation for many years with many forum users reporting all sorts of dubious behaviour long before the 'hack'.
Bad things happen in life of course but when bad things keep happening in the same place one should apply some appropriate caution. Mocking such caution is churlish.
I wont touch Bitfinex again, so this news is 0$ worth to me. I doubt that anyone who got hacked will touch xmr there.
Poloniex was hacked as well, and took a similar approach of creating a token that was paid off with their profits over time.
And, they credit XMR with helping them cover those losses. https://twitter.com/fluffyponyza/status/804033167376035840
Unless it was a theft by Bitfinex, and as much as it may annoy people who took losses, would you rather deal with what Bitfinex did, or be a Mt. Gox investor with millions going to lawyers and administrators, and your funds being locked up for years?
Hey now, let' not bring facts and reason into what is clearly an emotion (IE butt-hurt) driven 2 Minutes Hate against Bittrex.
Never mind that all this XMR volume will help them repay their debts of lost coins, the important thing is to look backwards, seething with ass-rage, and make baseless accusations of bad faith/criminality.
It's not like people who leave their coins on exchanges in search of MOAR profit automatically assume the counterpary risk of something happening to those exchanges.
/s
BINGO!!
Only (sane?) reason to leave ANYTHING on an exchage when there are other alternatives is to seek extra profit. You are ALWAYS taking on counterparty risk, and sometimes there is a price to pay for that greed, especially in the Wild West of Crypto ...
(I know I basically repeated you without the sarc, but, hey, gets on my tits too when peope whine about losses incurred due to risks they chose to take ...)
I wont touch Bitfinex again, so this news is 0$ worth to me. I doubt that anyone who got hacked will touch xmr there.
Poloniex was hacked as well, and took a similar approach of creating a token that was paid off with their profits over time.
And, they credit XMR with helping them cover those losses. https://twitter.com/fluffyponyza/status/804033167376035840
Unless it was a theft by Bitfinex, and as much as it may annoy people who took losses, would you rather deal with what Bitfinex did, or be a Mt. Gox investor with millions going to lawyers and administrators, and your funds being locked up for years?
Hey now, let' not bring facts and reason into what is clearly an emotion (IE butt-hurt) driven 2 Minutes Hate against Bitfinex.
Never mind that all this XMR volume will help them repay their debts of lost coins, the important thing is to look backwards, seething with ass-rage, and make baseless accusations of bad faith/criminality.
It's not like people who leave their coins on exchanges in search of MOAR profit automatically assume the counterpary risk of something happening to those exchanges.
/s
I wont touch Bitfinex again, so this news is 0$ worth to me. I doubt that anyone who got hacked will touch xmr there.
Poloniex was hacked as well, and took a similar approach of creating a token that was paid off with their profits over time.
And, they credit XMR with helping them cover those losses. https://twitter.com/fluffyponyza/status/804033167376035840
Unless it was a theft by Bitfinex, and as much as it may annoy people who took losses, would you rather deal with what Bitfinex did, or be a Mt. Gox investor with millions going to lawyers and administrators, and your funds being locked up for years?
I wont touch Bitfinex again, so this news is 0$ worth to me. I doubt that anyone who got hacked will touch xmr there.
Gamblers love leverage, hence why BFX have been able to retain market share despite the 'hack'
More to the point, a precedent has now been set and any other exchange that adds XMR will likely have to add the XMR/USD pair aswell as XMR/BTC in order to compete.
If you cant see the future impact of these fiat on and off ramps, I am sorry for your loss.
Meanwhile, thanks to all the XMR devs involved in this implementation for both their work and their discretion - seems this truly caught the market by surprise and there was no obvious evidence of insider buying immediately prior to the announcement. Job well done !! Would be amazed if this has not caught some shorts badly offside, and the upside has just gaped wide open
Regardless, this is a big step forwards for XMR, and we have several more to follow in the next 5 weeks ... 2017 looks pretty rosy from here ...
Bye bye to any more .004 predictions me thinks
.04 more likey in due course. No rush ...
EDIT: Apologies for feeding the troll ...
I wont touch Bitfinex again, so this news is 0$ worth to me. I doubt that anyone who got hacked will touch xmr there.
I'm a bit wary of Bitfinex myself,
I'm actually amazed that they were able to stay in business after the hack.
Have there been any updates to their trying to negotiate with the theif? I haven't heard much about that recently.
Anyways, I'm glad I've been mining my couple Monero. I wish I owned more. I really believe that this coin is the future.
If anything can compete with Bitcoin in the next few years, its probably XMR.
I'm actually amazed that they were able to stay in business after the hack.
Have there been any updates to their trying to negotiate with the theif? I haven't heard much about that recently.
Anyways, I'm glad I've been mining my couple Monero. I wish I owned more. I really believe that this coin is the future.
If anything can compete with Bitcoin in the next few years, its probably XMR.
Price increase is due to being listed on Bitfinex?
Just got home from work to a 15% increase on Poloniex.
Just got home from work to a 15% increase on Poloniex.
looks like it. imagine the weight of this news if bfx hadn't been hacked....
Which makes me wonder why Bitfinex is still around. Why would anyone continue trading on an exchange that has lost their members millions of dollars either through incompetence or fraud?
As much as I'd like to believe this is fantastic news for Monero, I'm somewhat skeptical about it.
Price increase is due to being listed on Bitfinex?
Just got home from work to a 15% increase on Poloniex.
Just got home from work to a 15% increase on Poloniex.
looks like it. imagine the weight of this news if bfx hadn't been hacked....
Price increase is due to being listed on Bitfinex?
Just got home from work to a 15% increase on Poloniex.
Just got home from work to a 15% increase on Poloniex.
Bought Monero! We seem to have a nice time ahead of us!
Not a train pic, but... ¯\_(ツ)_/¯
Anyone got any train pics handy - BTC Wall Observer doesn't need them, bring them here?
Bonus LULZ: https://www.bitfinex.com/posts/49
Quote
"Due to persistently low demand for trading in Darkcoin (AKA Dash), we have decided to remove Darkcoin from our crypto-currency trading pairs."
This is rather delightful!
Dash in the rear view mirror once and for all. They will be so pissed off, or perhaps they might see the light at last...
Recovering Dash Addicts Welcome Here.
Yes, this is good news, if your moneros got stolen or lost, you won't be able to track them Good luck with Bitfinex.
(now all they need is to buy monero with their stolen/lost btc, then sell it for usd and get out, great plan )
Good luck with Bitfinex.(now all they need is to buy monero with their stolen/lost btc, then sell it for usd and get out, great plan )
Do you hear everybody? IRS no more stealing from us . Huurraayyy . Thank you Cryptogod, huh I mean Monero !!
I guess Bitfinex could be just the beginning, other exchanges will also want a part of the pie.
It was only a matter of time, Polo was making a lot out of XMR and Bitfinex needed to bring new customers in.
Since Polo offers no USD / XMR option - it's way overdue an exchange moved on this.
Umm, practically speaking: what's the difference with lost/stolen bitcoin anyway?
How many of the "lost" or "stolen" coins from MtGox or Bitfinex "hack" have ever really been "tracked" anywhere, or recovered in any amount at all?
Saying XMR is worse for this because of anonymity seems just ridiculous.
How many of the "lost" or "stolen" coins from MtGox or Bitfinex "hack" have ever really been "tracked" anywhere, or recovered in any amount at all?
Saying XMR is worse for this because of anonymity seems just ridiculous.
I guess Bitfinex could be just the beginning, other exchanges will also want a part of the pie.
Yes, this is good news, if your moneros got stolen or lost, you won't be able to track them Good luck with Bitfinex.
(now all they need is to buy monero with their stolen/lost btc, then sell it for usd and get out, great plan )
Good luck with Bitfinex.(now all they need is to buy monero with their stolen/lost btc, then sell it for usd and get out, great plan )
...
You mean cases in which people fail to pay a competitive fee.
Pony up 11 cents and you're golden.
You mean cases in which people fail to pay a competitive fee.
Pony up 11 cents and you're golden.
For now. The trouble with the Bitcoin model is that if everyone takes this advice and ponies up 0.11 USD all cannot be golden because of the fixed supply. Price is not the issue here in fact it still likely costs more to send the funds via the Monero network.
The real issue here is the ability of the network to increase supply in response to an increase in price. This is basic economics.
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