This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-08-03 00:36:36] rapidtrades : so a 50% haircut? how do i even measure this
[2016-08-03 00:38:39] CrazyEarner : rapidtrades: You measure in hairs posts be balled patch
[2016-08-03 00:40:28] Rado : Since I can trade almost all instruments here
[2016-08-03 00:40:46] Rado : i should transfer all my BTC in here
[2016-08-03 00:41:01] Rado : cild storage and no way to withdraw :)
[2016-08-03 00:41:10] Rado : cold
[2016-08-03 00:41:18] CrazyEarner : have took all my btc and am riding etc waves making a lot more btc
[2016-08-03 00:42:00] CrazyEarner : no point having cold storage and market goes to vapour
[2016-08-03 00:42:27] CrazyEarner : might as well trade with the btc and build more of it up and buy somthing thats got good markets on and can grow capital
[2016-08-03 00:43:02] Rado : CrazyEarner: BitMex keeps them in cold storage
[2016-08-03 00:43:07] Rado : not me
[2016-08-03 00:43:27] CrazyEarner : oh thought you doing cold storage as in own paper wallet
[2016-08-03 00:43:31] jesperf : Rado: the company could still go under and everything would be lost
[2016-08-03 00:43:34] Rado : I was suggesting that I should move all my BTC in here
[2016-08-03 00:43:49] wurstgelee : no
[2016-08-03 00:43:54] CrazyEarner : Keep your coin on your own wallet nt exchange
[2016-08-03 00:43:57] wurstgelee : own cold storage is safest
[2016-08-03 00:44:05] CrazyEarner : thats how you lose if an exchange goes you funds go too
[2016-08-03 00:44:12] Rado : But then you can't trade them
[2016-08-03 00:44:18] CrazyEarner : look at mtgox if that happens to any exchange coin gone
[2016-08-03 00:44:24] wurstgelee : generate an address, dump the priv key
[2016-08-03 00:44:27] wurstgelee : delete wallet
[2016-08-03 00:44:32] wurstgelee : send btc to address
[2016-08-03 00:44:41] CrazyEarner : keep own coins safe inn secure place put a little into exchanges to trade n what your happy with never have your entire stock on an exchange
[2016-08-03 00:44:42] wurstgelee : all u need to re cover btc is the privkey :)
[2016-08-03 00:45:35] wurstgelee : CrazyEarner: +1
[2016-08-03 00:45:42] Rado : lets say You have 50 BTC
[2016-08-03 00:45:50] CrazyEarner : yeah well trade waht your happy to trade on exchanges I know I never hold all my coin on might have better reuslts playing with more but if that exchange goes your screwed
[2016-08-03 00:46:08] Rado : hoe much would you trade and how much in wallet
[2016-08-03 00:46:29] Rado : 20% maybe
[2016-08-03 00:46:32] REKT : Liquidated long on `ETC7D`: Sell 100 @ 0.004731
[2016-08-03 00:46:32] REKT : Getting chopped to death is fun, everyone should try it!
[2016-08-03 00:47:01] CrazyEarner : I uese 20% of what I hold if i have more I will increase it. I trade with funds I am happy to play around with and know wont be worce off of an exchange collapse and falls apart
[2016-08-03 00:47:28] CrazyEarner : look at the lastest exchange with cryptsy gone bust now with the big hack elsewhere
[2016-08-03 00:48:44] CrazyEarner : latest with Bitfinex lots people gonna be pissed cos they had all their funds in it or a hell a lot of funds and now missing due to a hack or i would more suspect inside job
[2016-08-03 00:51:21] REKT : Liquidated short on `ETC7D`: Buy 9000 @ 0.004978
[2016-08-03 00:51:57] CrazyEarner : REKT: over 9000 :P
[2016-08-03 00:52:32] REKT : Liquidated short on `ETC7D`: Buy 525 @ 0.005055
[2016-08-03 00:52:50] CrazyEarner : bitcoin down etc up
[2016-08-03 00:53:36] j8 : BitMEX_Sam: why is the "current risk limit usage" so much different than the position notional? i thought they would be the same
[2016-08-03 00:55:36] Rado : j8: welcome back
[2016-08-03 00:55:36] BitMEX_Arthur : What are you confused about
[2016-08-03 00:55:49] j8 : thx Rado.
[2016-08-03 00:56:43] j8 : BitMEX_Arthur: the amount of risk limit used is not equal to the position notional. 250 XBT limit means you can have a position with notional up to 250 XBT, no?
[2016-08-03 00:58:41] j8 : one of my positions shows that i've used more of my risk limit than i have, another position shows that i've used less than i have
[2016-08-03 00:59:47] j8 : not a small difference, like 40 or 50 percent
[2016-08-03 01:07:04] aethlios : risk limits worked well, no dpe after this sell off.
[2016-08-03 01:09:33] little_cock : hi
[2016-08-03 01:09:44] bittroll : woot little
[2016-08-03 01:10:05] little_cock : hi buttroll
[2016-08-03 01:10:06] little_cock : hows it going?
[2016-08-03 01:12:49] palgba : BitMEX_Arthur: hello
[2016-08-03 01:13:34] palgba : is my liquidation price relative to the "mark" price or actual xbtusd price?
[2016-08-03 01:13:57] REKT : Liquidated short on `XBTUSD`: Buy 1500 @ 536.18
[2016-08-03 01:14:17] REKT : Liquidated short on `XBJ24H`: Buy 200 @ 54366.0
[2016-08-03 01:14:37] little_cock : it goes off the mark price
[2016-08-03 01:14:40] little_cock : is what i notice
[2016-08-03 01:14:56] BitMEX_Arthur : j8: Yes that is because some users were over the limit at the time we implemented, what that means is that you cannot increase your position unless you put more maintenance margin against the position, but you will not be liquidated
[2016-08-03 01:15:07] REKT : Liquidated short on `XBTUSD`: Buy 17100 @ 536.90
[2016-08-03 01:16:54] j8 : BitMEX_Arthur: not the case, i'll email you
[2016-08-03 01:19:44] little_cock : hi k8
[2016-08-03 01:19:48] little_cock : j8
[2016-08-03 01:19:50] little_cock : @j8
[2016-08-03 01:19:56] little_cock : j8: hello
[2016-08-03 01:20:05] j8 : hey, did you change your name
[2016-08-03 01:20:16] little_cock : not unless I get excited
[2016-08-03 01:20:35] little_cock : :p
[2016-08-03 01:20:42] bittroll : so what would it be than
[2016-08-03 01:21:02] little_cock : shutup buttroll, i'll report you
[2016-08-03 01:22:51] REKT : Liquidated short on `ETC7D`: Buy 300 @ 0.005197
[2016-08-03 01:23:06] REKT : Liquidated short on `ETC7D`: Buy 1904 @ 0.005249
[2016-08-03 01:23:52] REKT : Liquidated long on `ETHXBT`: Sell 300 @ 0.01718
[2016-08-03 01:23:52] REKT : Liquidated short on `ETC7D`: Buy 600 @ 0.005328
[2016-08-03 01:26:36] REKT : Liquidated long on `ETC7D`: Sell 18 @ 0.005154
[2016-08-03 01:26:52] REKT : Liquidated long on `ETHXBT`: Sell 4 @ 0.01673 :punch: :whale:
[2016-08-03 01:27:37] REKT : Liquidated short on `ETHXBT`: Buy 1400 @ 0.01684
[2016-08-03 01:30:17] funcakes : woot
[2016-08-03 01:30:58] little_cock : omg I lost my ass
[2016-08-03 01:31:31] 1QaZxSw2 : tge mark price is 538 but the bid/ask is 530/532?
[2016-08-03 01:32:07] little_cock : yes
[2016-08-03 01:32:30] BitMEX_Sam : 1QaZxSw2: That's based on the index
[2016-08-03 01:32:43] BitMEX_Sam : Since BFX is down it's Stamp/OKC
[2016-08-03 01:33:52] little_cock : admins, how do I change my name. I thought I was typing a google search and my mouse was accidentally typing in my username instead. woops.
[2016-08-03 01:34:26] BitMEX_Sam : Simple mistake.
[2016-08-03 01:34:34] BitMEX_Sam : Just tell me what you want it to be & I'll amend.
[2016-08-03 01:34:40] little_cock : happens all the time right
[2016-08-03 01:35:01] little_cock : I want you to name me, anything you want to call me? go for it. I think anything is better then my google search
[2016-08-03 01:35:03] little_cock : mishap
[2016-08-03 01:35:09] lockhedge : so let's hard fork and bail out finex
[2016-08-03 01:38:28] BitMEX_Sam : Okay, you're good to go
[2016-08-03 01:38:30] dharmabum : BitMEX_Sam: Hey Sam, what's the difference between Cross and 1x? Is cross just like margin automatically linked to main balance rather than allocated to a specific position?
[2016-08-03 01:38:47] BitMEX_Sam : dharmabum: Cross uses full balance, 1x uses an amount of balance equal to the position's value
[2016-08-03 01:39:07] BitMEX_Sam : e.g. imagine going short at 500. If the price went to 1000 on 1x, you'd be bankrupt, but on Cross, not necessarily
[2016-08-03 01:39:09] tiny_knob : :-)
[2016-08-03 01:39:14] tiny_knob : LMAO
[2016-08-03 01:39:24] tiny_knob : much better
[2016-08-03 01:39:26] tiny_knob : thank you sir
[2016-08-03 01:39:54] magneto : Can somebody explain me why the Liq. price is changing by itself?
[2016-08-03 01:40:02] dharmabum : BitMEX_Sam: Thanks. So cross essentially exposes full balance to all open cross positions...?
[2016-08-03 01:40:09] BitMEX_Sam : Yes
[2016-08-03 01:40:27] BitMEX_Sam : magneto: Do you have multiple positions open and/or on Cross margining?
[2016-08-03 01:40:30] dharmabum : BitMEX_Sam: Awesome, thanks. Just double-checking.
[2016-08-03 01:40:32] miramm1115 : interesting, so apparently BitGo signed 120k BTC transactions without rising and red flags
[2016-08-03 01:40:40] BitMEX_Sam : "Oops."
[2016-08-03 01:40:40] miramm1115 : *any
[2016-08-03 01:40:48] magneto : BitMEX_Sam: no, only one position.
[2016-08-03 01:40:54] dharmabum : miramm1115: really? major fuckupp
[2016-08-03 01:41:11] BitMEX_Sam : magneto: I'll check with Wally, there are some factors that can influence that but I agree it's not intuitive
[2016-08-03 01:41:19] BitMEX_Sam : He will be around shortly, traveling at the moment
[2016-08-03 01:41:29] miramm1115 : yep, that's what it looks like according to zanet
[2016-08-03 01:41:41] dharmabum : miramm1115: oops looks like I got censored. That'll teach me!
[2016-08-03 01:42:12] lockhedge : miramm1115: according to their contract with finex, they sign everything finex signs. bitgo was used as regulatory concept to comply with CFTC, not as a security concept
[2016-08-03 01:43:21] miramm1115 : well even in this case I would assume they had some checks in place, doesn't look good for BitGo as a security company
[2016-08-03 01:44:05] lockhedge : bitgo is great if you use it correctly, their co-signing prevents double spending, nothing else. but great for instant otc trades
[2016-08-03 01:45:43] 1QaZxSw2 : BitMEX_Sam: Can you also please change my name to omicron?
[2016-08-03 01:46:53] BitMEX_Sam : I live to serve
[2016-08-03 01:48:12] miramm1115 : even a simple text to finex admins alerting them of unusual activity would have helped. I'm sure BitGo was fully aware of how finex implemented integration
[2016-08-03 01:49:32] dharmabum : BitMEX_Sam: Is Kaiko a consolidated feed?
[2016-08-03 01:49:38] dharmabum : BitMEX_Sam: Looks like it.
[2016-08-03 01:50:56] tiny_knob : BitMEX_Sam: can we be friends?
[2016-08-03 01:51:45] tiny_knob : BitMEX_Sam: I kind alike what you named me, Im thinking we share the same search history <3
[2016-08-03 01:52:25] tiny_knob : and you like server <3
[2016-08-03 01:52:26] tiny_knob : <3
[2016-08-03 01:52:55] tiny_knob : serve
[2016-08-03 01:53:02] guembesn : emal from support guys ?
[2016-08-03 01:53:06] tiny_knob : to serve, fml <3
[2016-08-03 01:53:13] guembesn : Bitmex_Sam ?
[2016-08-03 01:53:29] BitMEX_Sam : guembesn: What is your question?
[2016-08-03 01:54:00] guembesn : I got margin called at 0.0041 on ETC7USD
[2016-08-03 01:54:20] guembesn : The market only got as low as 0.0043
[2016-08-03 01:54:41] guembesn : ETC7D
[2016-08-03 01:56:38] guembesn : Can you please take a look ?
[2016-08-03 01:57:29] BitMEX_Greg : guembesn: Hi can you please put in a support ticket, I'll take a look now
[2016-08-03 01:58:29] guembesn : what is your email for the support ?
[2016-08-03 01:58:43] tiny_knob : omg -30% shorting etc :-(
[2016-08-03 01:58:46] tiny_knob : it has to go down
[2016-08-03 01:58:47] tiny_knob : not up
[2016-08-03 01:58:48] tiny_knob : down
[2016-08-03 01:58:54] lockhedge : miramm1115: bitfinex is the place where manual review / real-time auditing should happen, don't know if bitgo even offers this service. but agree that it wouldn't look good if bitgo was aware about their "security" concept
[2016-08-03 01:59:46] tiny_knob : wheres the guy with the stolen millions to dump on it already
[2016-08-03 01:59:48] tiny_knob : :-(
[2016-08-03 01:59:51] rapidtrades : how does withdrawing 120k not trigger flags
[2016-08-03 02:00:03] tiny_knob : oh man, is that how much they lost?
[2016-08-03 02:00:03] rapidtrades : did they just assume their limits will not be bypassed
[2016-08-03 02:00:09] tiny_knob : in the hack
[2016-08-03 02:01:17] rapidtrades : yes
[2016-08-03 02:02:22] BitMEX_Greg : guembesn: https://www.bitmex.com/sso/freshdesk
[2016-08-03 02:03:04] tiny_knob : oh man
[2016-08-03 02:03:07] chromaticcr1 : LTC... what da fak
[2016-08-03 02:05:17] REKT : Liquidated short on `XBTUSD`: Buy 23199 @ 536.37 **MEGA-REKT** :boom:
[2016-08-03 02:05:18] rapidtrades : im not a tech guy but shouldn't an exchange have several layers of security and flags
[2016-08-03 02:05:29] rapidtrades : how do u bypass this shit
[2016-08-03 02:05:58] johndoe : either total incompetence or inside job i think
[2016-08-03 02:06:36] johndoe : such a horrible day
[2016-08-03 02:06:51] lockhedge : exit scam
[2016-08-03 02:07:34] miramm1115 : if finex was completely compromised (access to all dbs, keys, source code etc.) all automatic checks on their side are easily bypassed
[2016-08-03 02:07:47] rapidtrades : i guess their flag was $70 million
[2016-08-03 02:07:50] rapidtrades : lol
[2016-08-03 02:07:52] aethlios : I would like to see a haircut to btc holders and an equivalent amount as rebate for free commission if you keep trading in finex as an old hacked customer.
[2016-08-03 02:08:07] rapidtrades : finex is gone man
[2016-08-03 02:08:27] rapidtrades : only question is when do we get our money and how much
[2016-08-03 02:08:50] rapidtrades : could be years if authorities get involved
[2016-08-03 02:08:52] miramm1115 : that's why you use third party security or manual withdrawals like on BitMEX
[2016-08-03 02:09:17] rapidtrades : still bit shocked they didn't have cold storage...
[2016-08-03 02:09:24] rapidtrades : and now its on bloomberg
[2016-08-03 02:09:29] rapidtrades : f us
[2016-08-03 02:11:50] lockhedge : we all saw enough red flags in the last 12 month to decide not to trade there
[2016-08-03 02:13:00] johndoe : hard to find a silver lining in any of this except should help bitmex liquidity over time. glad i moved most of my funds out of finex during their last outage. But still lost some btc that i used for arbitrage
[2016-08-03 02:13:41] johndoe : there were red flags for sure - especially that outage a month ago, but still, they weren't Gox-level red flags.
[2016-08-03 02:13:49] muirtastic : What time does the "withheld profit" go back to my Available Balance? Is that in about 10 hrs?
[2016-08-03 02:15:10] j8 : there are red flags on pretty much every exchange these days unfortunately
[2016-08-03 02:15:32] muirtastic : > johndoe Yes this is great for trading on Bitmex. Got to think will be a flood of new accounts on here. This is my new goto exchange now after the Finex debacle.
[2016-08-03 02:16:03] miramm1115 : the problem is that we don't have any good options for any sizable amounts
[2016-08-03 02:16:29] lockhedge : johndoe: i still suspect that their several outages during sharp market moves was to prevent cascading margin calls
[2016-08-03 02:17:01] muirtastic : Yes Bitfinex seemed to slow down trading and not allow a natural market when it was especially volatile.
[2016-08-03 02:17:12] miramm1115 : if finex is gone I will be very uncomfortable with 75% of trading capital on okc
[2016-08-03 02:17:35] miramm1115 : but there is no other choice
[2016-08-03 02:19:35] johndoe : yah, the timing of the outages was definitely suspicious.
[2016-08-03 02:19:48] lockhedge : miramm1115: let's make bitmex the most liquid market
[2016-08-03 02:20:36] REKT : Liquidated short on `ETC7D`: Buy 800 @ 0.005525
[2016-08-03 02:20:55] miramm1115 : won't help, need spot to hedge big positions anyway
[2016-08-03 02:21:22] miramm1115 : plus fiat withdrawals
[2016-08-03 02:22:05] guembesn : The timing of their outage is always suspicious
[2016-08-03 02:25:01] miramm1115 : such a shitty situation for bitcoin :-(
[2016-08-03 02:25:02] lockhedge : miramm1115: aren't futures markets usually more liquid than spot markets? you don't need spot the hedge. you are good as long as there is enough liquidity to withdraw your profits
[2016-08-03 02:27:38] johndoe : such a bizarre week with ETC and now this. Definitely doesn't inspire confidence in crypto amongst the average person
[2016-08-03 02:28:24] johndoe : although i think ETC-ETH issue will work itself out just fine and BTC network is fine obviously
[2016-08-03 02:28:56] miramm1115 : you can hedge long position using inverse futures but not the short position. you will have to run long-only MM on all spot markets essentially halving your delta range
[2016-08-03 02:29:41] tiny_knob : bitcoin might fork to give biffinex their money
[2016-08-03 02:29:46] tiny_knob : or we should start bitcoin classic
[2016-08-03 02:29:48] miramm1115 : plus you have to account for DPE/clawbacks
[2016-08-03 02:29:51] tiny_knob : fork to save biffinex
[2016-08-03 02:31:19] lockhedge : miramm1115: you could have your optimal inventory at 1x short instead of 0 contracts
[2016-08-03 02:32:28] miramm1115 : well yes but that means you always have to pay for hedge and have more marging
[2016-08-03 02:32:31] miramm1115 : *margin
[2016-08-03 02:35:57] miramm1115 : anyway, I'll figure out something even if finex is gone. it's not the end of the world :-) (btw it's micmix if you haven't figured it our already)
[2016-08-03 02:37:46] tiny_knob : i saw some users loaning 3million+ on biffinex
[2016-08-03 02:37:48] tiny_knob : feel bad for them
[2016-08-03 02:38:53] johndoe : seriously. such a shame.
[2016-08-03 02:40:22] johndoe : finally really sinking in for me. I don't know whether to be angry or sad. fFing bitfinex
[2016-08-03 02:40:33] tiny_knob : i only lost 2k
[2016-08-03 02:40:44] tiny_knob : at least, good thing it didnt happen a month ago
[2016-08-03 02:41:13] lockhedge : miramm1115: wish you a fast recovery from finex
[2016-08-03 02:41:42] johndoe : pretty similar to my situation. lost about 4k - i was short but i guess that doesnt matter. But i also took out about five times that after the last outage a month ago
[2016-08-03 02:42:02] miramm1115 : it's going to be pretty bad, I had a big chunk of trading capital on finex
[2016-08-03 02:42:17] miramm1115 : thanks lockhedge
[2016-08-03 02:42:40] johndoe : such a betrayal of trust - their FAQ was such BS - it mentions cold storage, but now they say they only used cold storage for ETH.
[2016-08-03 02:42:44] lockhedge : miramm1115: thought you were mainly on okc :(
[2016-08-03 02:43:04] miramm1115 : yes, okc would've been much works :-)
[2016-08-03 02:43:09] miramm1115 : * worse
[2016-08-03 02:43:17] miramm1115 : stupid autocorrect
[2016-08-03 02:47:53] lockhedge : is there any place where you can see the YTD trade volume of finex, should be relatively easy to estimate their 2016 revenue and how much capital they have
[2016-08-03 02:49:00] johndoe : i imagine most of that capital is going to go to lawyers and consultants, but maybe thats just being cynical.
[2016-08-03 02:49:42] johndoe : i think there's just no way they can recover in any meaningful way.
[2016-08-03 02:49:43] chromaticcr1 : anyone knows how the ltcbtc premium is calculated currently?
[2016-08-03 02:49:54] j8 : lockhedge: try http://data.bitcoinity.org/markets/volume/6m?c=c&exchange=bitfinex&t=a
[2016-08-03 02:50:11] lockhedge : their user database alone is also worth some % of the stolen funds, if e.g. kraken buys it (quick)
[2016-08-03 02:50:28] lockhedge : j8: thx
[2016-08-03 02:50:28] j8 : shows 4.40M btc volume over the last 6 months
[2016-08-03 02:53:56] johndoe : yeah, i suppose, but not sure if that'd violate privacy agreements or some other legal issue
[2016-08-03 02:55:07] BitMEX_Greg : chromaticcr1: Take a look at : https://www.bitmex.com/app/contract/LTCXBT
[2016-08-03 02:55:33] BitMEX_Greg : Under the funding calculation
[2016-08-03 03:10:58] dharmabum : BitMEX_Greg: Hey Greg, why under Open Positions is the "Realised PNL" negative if the position is positive?
[2016-08-03 03:11:13] dharmabum : BitMEX_Greg: Dumb question probably.
[2016-08-03 03:11:53] dharmabum : lockhedge: minute percentage :)
[2016-08-03 03:12:18] BitMEX_Greg : dharmabum: You mean you are long and the price went up?
[2016-08-03 03:12:34] dharmabum : BitMEX_Greg: yes
[2016-08-03 03:12:54] dharmabum : BitMEX_Greg: ROE is positive
[2016-08-03 03:12:58] BitMEX_Greg : It should include fees I believe.
[2016-08-03 03:13:22] BitMEX_Greg : It also includes PnL from previous positions
[2016-08-03 03:13:25] dharmabum : BitMEX_Greg: Can you take a look at my current position?
[2016-08-03 03:13:37] BitMEX_Greg : i.e. not remarked at 0 if you close out your position
[2016-08-03 03:13:50] BitMEX_Greg : Sure I'll take a look
[2016-08-03 03:13:54] dharmabum : BitMEX_Greg: thx
[2016-08-03 03:13:56] BitMEX_Greg : Is your Unrealised PnL positive?
[2016-08-03 03:14:04] dharmabum : BitMEX_Greg: Yes.
[2016-08-03 03:16:12] BitMEX_Greg : Am taking a look now, but I suspect you had a negative earning position prior. What happens when you hover over the Realised PnL number?
[2016-08-03 03:16:48] dharmabum : BitMEX_Greg: "Realised profit and loss on this contact..."
[2016-08-03 03:17:09] dharmabum : BitMEX_Greg: I can't be underwater on this contract surely.
[2016-08-03 03:17:20] BitMEX_Greg : No, rather not on "Realised PNL" but on the Realised PnL number attached to the number
[2016-08-03 03:17:31] BitMEX_Greg : *attached to the position
[2016-08-03 03:18:18] dharmabum : BitMEX_Greg: "This is your raw realised P&L since the last rebalance"
[2016-08-03 03:18:28] BitMEX_Greg : Yes but did the number change?
[2016-08-03 03:18:35] dharmabum : BitMEX_Greg: when hovering, it is basically zero, so yes, it did
[2016-08-03 03:19:20] BitMEX_Greg : Ok
[2016-08-03 03:26:39] BitMEX_Greg : dharmabum: Can you please send a support ticket so we can discuss there?
[2016-08-03 03:27:10] dharmabum : BitMEX_Greg: support@bitmex.com?
[2016-08-03 03:27:15] dharmabum : BitMEX_Greg: or greg@ ?
[2016-08-03 03:27:42] BitMEX_Greg : dharmabum: https://bitmex.freshdesk.com/support/home
[2016-08-03 03:29:15] dharmabum : BitMEX_Greg: done
[2016-08-03 03:30:47] aethlios : any fine update?? can't find something new.
[2016-08-03 03:30:59] aethlios : finex i mean
[2016-08-03 03:32:41] CaptainDean : Why BTC-E is like 10$ over the price all the time ?
[2016-08-03 03:37:15] omicron : finex is probably busy as hell right now
[2016-08-03 03:48:52] aethlios : 540 old support is now resistance, above 550 we can go to 620.
[2016-08-03 04:04:21] REKT : Liquidated long on `ETC7D`: Sell 10 @ 0.005011
[2016-08-03 04:04:36] REKT : Liquidated long on `ETC7D`: Sell 1000 @ 0.004938
[2016-08-03 04:04:58] johndoe : btc @557
[2016-08-03 04:05:05] johndoe : btc-e @557
[2016-08-03 04:07:52] zanza : lot of buying action there
[2016-08-03 04:08:40] zanza : https://twitter.com/alex_amsel/status/760651367530827780
[2016-08-03 04:26:08] REKT : Liquidated long on `XBTUSD`: Sell 15007 @ 531.50
[2016-08-03 05:04:26] sharpie0101 : nother huge buy
[2016-08-03 05:05:37] sharpie0101 : or close out of limit buy orders
[2016-08-03 05:05:47] sharpie0101 : not seeing the volume
[2016-08-03 05:06:03] sharpie0101 : so its close out single player fills majority of the orders
[2016-08-03 05:06:11] CaptainDean : yeah pretty calm at the moment ...
[2016-08-03 05:07:15] sharpie0101 : single person is holding the orders higher with market orders, strategy is to buy/sell and pad the spread on either side with there orders, than pull them, huge price crash.
[2016-08-03 05:08:07] sharpie0101 : cause otherwise there would be volume aas evidence of real transactoins
[2016-08-03 05:09:19] CaptainDean : some downtrend movement in china
[2016-08-03 05:10:00] sharpie0101 : it's not even a lot of money, faking the volume like 70k
[2016-08-03 05:11:57] CaptainDean : there a few bots running here, prolly one of them (or two)
[2016-08-03 05:12:30] sharpie0101 : im talking about gdax
[2016-08-03 05:12:46] sharpie0101 : they're market trapping people
[2016-08-03 05:13:26] CaptainDean : never went there
[2016-08-03 05:13:31] sharpie0101 : volume isn't that large
[2016-08-03 05:13:40] CaptainDean : i like it here
[2016-08-03 05:13:44] sharpie0101 : like say a buy order every 30 seconds to every minute
[2016-08-03 05:14:17] sharpie0101 : they put up the limit orders on either side and can hold the market, than pull it, when they detect orders which aren't theirs
[2016-08-03 05:14:20] CaptainDean : China is looking for a resistance now
[2016-08-03 05:18:11] sharpie0101 : explains the 5-10 dollar price difference between coindesk and gdax
[2016-08-03 05:18:30] sharpie0101 : wish i had some intermarket api's to take advantage of the arbitrage
[2016-08-03 05:19:21] CaptainDean : i was thinking the same thing, like BTC-E was like 10$ over like an hour ago
[2016-08-03 05:20:15] sharpie0101 : and it's a select few who are gaming smaller traders
[2016-08-03 05:21:15] sharpie0101 : they can essentially create their own little market, where they control everything
[2016-08-03 05:21:17] CaptainDean : but you'll need to move fiat really quick, that's a huge issue... selling a BTC-E and buying at the lowest right away.
[2016-08-03 05:21:29] CaptainDean : selling @ BTC-E**
[2016-08-03 05:22:05] sharpie0101 : what they will do is put up like 34 btc limit sell order
[2016-08-03 05:22:24] CaptainDean : yeah but it's 34 BTC, it's not bad
[2016-08-03 05:22:30] sharpie0101 : wait for a void to start to form because market buy orders never improve the price
[2016-08-03 05:22:36] sharpie0101 : while sell orders reduce the price
[2016-08-03 05:22:57] sharpie0101 : then they will fill in the limit buy orders with thier own
[2016-08-03 05:23:16] sharpie0101 : and then if not a lot of volume traded they can control everything
[2016-08-03 05:23:30] sharpie0101 : using teh size of the orders they can discern their orders from others
[2016-08-03 05:23:55] sharpie0101 : and pull a few orders (just close them) and the price drops 3 dollars when they want it to
[2016-08-03 05:24:46] CaptainDean : they better be real quiet about it .. otherwise they would have to shutdown
[2016-08-03 05:25:01] sharpie0101 : no regulation for that
[2016-08-03 05:25:09] CaptainDean : yeah but if we find out
[2016-08-03 05:25:15] CaptainDean : i would never trade with them again
[2016-08-03 05:25:20] sharpie0101 : self trade prevention is it
[2016-08-03 05:28:29] sharpie0101 : the real thing that would prevent is anyone who takes advantage of inter-market price differences
[2016-08-03 05:28:45] sharpie0101 : just pump their orders into a different market
[2016-08-03 05:29:39] CaptainDean : move BTC is like 10-20 mins max, Fiat is a pain in the ass, How you would do that ?
[2016-08-03 05:29:47] sharpie0101 : it actually makes the bitcoin market as a whole more efficeint
[2016-08-03 05:29:48] zanza : Bitgo apparently feels 0 responsibility in singing 129k Bitcoin over https://twitter.com/BitGo/status/760624908334346240
[2016-08-03 05:29:48] CaptainDean : moving the BTC*
[2016-08-03 05:30:03] sharpie0101 : well if you had a larage buffer of currency
[2016-08-03 05:30:06] zanza : I think Bitgo has some serious egg on its face letting this happen as a security agent
[2016-08-03 05:30:27] sharpie0101 : you could buy one market sell another at the price differential, do it till run out of money or still profitable
[2016-08-03 05:30:51] CaptainDean : yeah you'll need a shitload of Currency, if you have that. 10$ premiun would be quite good money !
[2016-08-03 05:31:44] sharpie0101 : yeah
[2016-08-03 05:31:52] CaptainDean : That would force all the independent market to have a kind of unique index
[2016-08-03 05:31:59] sharpie0101 : theres all the reason on its own to do it, so really no need to over regulate
[2016-08-03 05:32:10] sharpie0101 : just it's a bit of coding
[2016-08-03 05:32:18] sharpie0101 : different sites use different api's
[2016-08-03 05:32:50] CaptainDean : API are no issue :P
[2016-08-03 05:33:16] sharpie0101 : for example we have seen just now, how different sites use diffferent authentication
[2016-08-03 05:33:30] CaptainDean : you just need to know how to code and have someone else with trading skills :D
[2016-08-03 05:33:43] sharpie0101 : you need both
[2016-08-03 05:33:51] sharpie0101 : for example how do you put together an order book?
[2016-08-03 05:34:03] sharpie0101 : you need to know how to code which is given
[2016-08-03 05:34:12] sharpie0101 : but you also need to know how the individual market works
[2016-08-03 05:34:16] CaptainDean : well i'm an IT guy, API are like day-to-day for me
[2016-08-03 05:34:45] CaptainDean : my skills in trading are far not enough to do it
[2016-08-03 05:34:56] sharpie0101 : how to call for the current market data, mean while running a play back of data
[2016-08-03 05:35:14] sharpie0101 : then run through the playback to update the requested order book, then keep up to date
[2016-08-03 05:35:29] sharpie0101 : but how markets slightly differ makes it challenging
[2016-08-03 05:36:29] CaptainDean : you'll need to select some market and make sure the code can figure out where to sell and where to buy. You can use a "point system" if you want. Giving a weight for the indicator of you choice.
[2016-08-03 05:36:35] CaptainDean : Like price ... volume ... etc
[2016-08-03 05:37:09] sharpie0101 : thats a whole nother subject in itself
[2016-08-03 05:37:17] sharpie0101 : i was just talking about getting data
[2016-08-03 05:37:27] CaptainDean : well for me it's the easy part :P
[2016-08-03 05:37:33] sharpie0101 : but for intermarket price differential it would be easy
[2016-08-03 05:37:36] CaptainDean : API should provide evertyhing you need
[2016-08-03 05:38:35] CaptainDean : brb going for a smoke
[2016-08-03 05:38:39] sharpie0101 : take price x subtract price from market y, if greater than zero
[2016-08-03 05:38:46] sharpie0101 : than buy it here sell it there
[2016-08-03 05:40:29] CaptainDean : yeah but there is also the trend of the market
[2016-08-03 05:41:01] CaptainDean : you need to sell/buy quickly, low volume should be easy
[2016-08-03 05:41:06] CaptainDean : brb
[2016-08-03 05:47:51] CaptainDean : sharpie0101: i'm going to bed, night !
[2016-08-03 05:55:35] ersagun : Guys, is one's profit equalt to one's loss in Bitmex? Or is it Bitmex?
[2016-08-03 05:55:56] ersagun : I'm wondering how many high leverage shorter millionaire's we got here today :-)
[2016-08-03 06:04:47] fineregex : BitMEX_Greg: litecoin market stuck again ,50% spread, funding rate impossible to get away from ,
[2016-08-03 06:08:06] REKT : Liquidated long on `ETC7D`: Sell 15 @ 0.004807
[2016-08-03 06:09:31] BitMEX_Jinming : ersagun: Roughly the same because it's zero-sum, however we charge fees on each trade.
[2016-08-03 06:10:25] ersagun : BitMEX_Jinming: so by going short X amount, someone goes longs for X amount, right? Bitmex doesn't win or lose due to volatility? Thanks
[2016-08-03 06:10:34] zanza : yes
[2016-08-03 06:10:53] BitMEX_Jinming : ersagun: correct
[2016-08-03 06:10:58] zanza : volatility usually means higher volume and higher exchange fees though
[2016-08-03 06:11:54] ersagun : Yeah, got it. Damn, some huge capital reversal going on
[2016-08-03 06:12:32] zanza : wow XBT is almost 20k BTC in 24 hour volume
[2016-08-03 06:17:56] BitMEX_Jinming : zanza: Yeah very good volume today
[2016-08-03 06:29:59] dorothy490 : BitMEX_Jinming: how can I place an order with custom leverage like x40 or x30 ?
[2016-08-03 06:34:23] zanza : send a personal email to Wally he can hook you up
[2016-08-03 06:38:24] bernx : This ETH spread make me sad
[2016-08-03 06:38:48] BitMEX_Jinming : dorothy490: After you enter into a position, you can adjust the margin for it
[2016-08-03 06:40:19] BitMEX_Jinming : dorothy490: click `+B` in column `Margin` in your Position table, you can add or remove margin.
[2016-08-03 06:41:09] dorothy490 : BitMEX_Jinming: I need to setup that leverage before I entered into psoition
[2016-08-03 06:42:52] macios15 : 0,68% funding holy shit
[2016-08-03 06:45:00] BitMEX_Jinming : dorothy490: You can set the exact leverage you want thru our API. However on the UI, you have to select one of choices then adjust margin.
[2016-08-03 06:45:25] dorothy490 : could you drop an example of such api order please
[2016-08-03 06:45:39] dorothy490 : also why not to integrate custom margin into that UI
[2016-08-03 06:48:00] BitMEX_Jinming : dorothy490: `https://www.bitmex.com/api/explorer/#!/Position/Position_updateLeverage`
[2016-08-03 06:50:49] BitMEX_Jinming : dorothy490: I will check with BitMEX_Sam on integrating it into UI
[2016-08-03 06:55:32] macios15 : couple days ago you all laught at me when i told you we touch 3200 cny
[2016-08-03 06:55:54] bernx : We are still laugh
[2016-08-03 06:56:06] bernx : Becouse there is not TA, only news
[2016-08-03 06:56:17] bernx : And you can't predict it
[2016-08-03 06:56:30] macios15 : bernx: last drop was caused by bitfinex too
[2016-08-03 06:56:44] bernx : Yes, but don't be a kid and talk like this
[2016-08-03 06:56:53] bernx : Too many people lose money
[2016-08-03 07:00:10] bernx : Everyday a lot of people lose money in crypto. It's ok. But not this way, like yesterday
[2016-08-03 07:01:09] ersagun : 3 hours after depositing my 15 BTC to BFX which equals to 40% of my portfolio. It sucks but it happens, unfortunately
[2016-08-03 07:12:49] zanza : wow damn
[2016-08-03 07:12:57] zanza : this is going to hurt Crypto community
[2016-08-03 07:13:27] rapidtrades : no shit
[2016-08-03 07:13:54] macios15 : i never saw foundig at this rate -0,68% lol
[2016-08-03 07:14:43] rapidtrades : i did NOT sleep well
[2016-08-03 07:15:19] rapidtrades : full on 20x+ margin looks like the way to go
[2016-08-03 07:15:23] macios15 : i closed my short too soon
[2016-08-03 07:15:24] miramm1115 : we had 1.1250% funding rate 2016-06-17 08:00:00
[2016-08-03 07:15:29] rapidtrades : that's what i did initially then i got complacent
[2016-08-03 07:16:04] rapidtrades : if u don't have many on exchange they can't steal it
[2016-08-03 07:16:49] rapidtrades : that will mean accepting clawbacks unfortunately cos only futures offer that high lev
[2016-08-03 07:17:32] ersagun : Is the current rate of 0.68% positive (longs pays shorts) or negative? The value is positive, so longs must pay but it says "Today, longs will receive 0.6821%, and shorts will pay 0.6821%". What shall I understand?
[2016-08-03 07:17:53] rapidtrades : shorts pay
[2016-08-03 07:18:45] ersagun : thank you.
[2016-08-03 07:19:53] macios15 : 0,68x50=34%
[2016-08-03 07:21:24] ayy_lmao : damn
[2016-08-03 07:21:30] ayy_lmao : thats the highest ive ever seen
[2016-08-03 07:22:29] rapidtrades : yeah and its still not killing the bearish bias
[2016-08-03 07:23:03] ersagun : macios15: Sorry for all the basic questions but what does that 50 stand for? You're not gonna tell me you're gonna pay 34% of your position in case you use leverage 50? :-)
[2016-08-03 07:24:59] rapidtrades : no
[2016-08-03 07:26:11] lockhedge : new ath trading volume for my mm bot: 3493 btc in 24h (16.9% market share), nearly no profit though
[2016-08-03 07:26:32] elmorte : How is the funding calced when Finex is down? Purely on premium?
[2016-08-03 07:26:51] macios15 : ersagun: thats right 34% when u use x50
[2016-08-03 07:27:45] lockhedge : elmorte: good question, i'm currently taking premium or 1/2 premium if FR is lower than 0.1%
[2016-08-03 07:27:52] asdfasdf : I have a question: how is the funding handled for positions open for less than 8 hr?
[2016-08-03 07:28:07] asdfasdf : I mean the short -> long funding cost
[2016-08-03 07:28:13] ersagun : macios15: Ouch.. :-) But that's 34% of my capital, right? I open a position with 1 BTC, 25x leverage. I'm gonna pay 0.34 only, correct?
[2016-08-03 07:28:47] asdfasdf : if I have a long open for 1 hr do I get 1/8th of the funding cost?
[2016-08-03 07:29:06] macios15 : ersagun: 17% 0,68x25=17
[2016-08-03 07:29:38] macios15 : ersagun: look at the value of position and x0,68%
[2016-08-03 07:30:29] ersagun : macios15: Ah yes, definitely. My point was, that percentage is only calculated with my initial capital and not with the position I opened. (25x or 50x)
[2016-08-03 07:30:58] macios15 : if the price stay the same for next 13h and founding dont change, on x50 leverage shorts gona lose aobut 55% of position
[2016-08-03 07:31:03] ersagun : Damn my English..
[2016-08-03 07:31:33] macios15 : ersagun: not initial, look at Position and then Value
[2016-08-03 07:31:47] ersagun : macios15: Cheers for being so patience with me :-)
[2016-08-03 07:32:31] asdfasdf : anyone know the answer to my question above?
[2016-08-03 07:32:49] rapidtrades : no its every 8 hrs
[2016-08-03 07:33:28] asdfasdf : so if open a short after rebalance and close it after 7 hrs then I don't pay funding cost?
[2016-08-03 07:33:38] macios15 : asdfasdf: yes
[2016-08-03 07:34:08] asdfasdf : that seems like it could be abused
[2016-08-03 07:34:30] rapidtrades : it is
[2016-08-03 07:34:39] asdfasdf : especially with the very high funding cost now
[2016-08-03 07:34:40] macios15 : so it need to bounce probably now becouse if price dont change in 24h and founding too shorts on x50 gona lose 78% on position
[2016-08-03 07:34:57] ersagun : asdfasdf: it's the same with Forex I believe. If you "abuse" it, then the broker will get many spread profits etc
[2016-08-03 07:35:59] rapidtrades : forex pairs tend to adjust before rollover time, especially on Wednesdays
[2016-08-03 07:36:00] asdfasdf : when is the next rebalance?
[2016-08-03 07:36:12] rapidtrades : happens here too but its not as efficient
[2016-08-03 07:36:14] asdfasdf : oh nvm I see the clock
[2016-08-03 07:40:46] asdfasdf : does the funding only change at rebalance time or does it adjust continuously?
[2016-08-03 07:41:04] asdfasdf : funding %
[2016-08-03 07:42:04] BitMEX_Jinming : asdfasdf: the funding rate change every 8 hours
[2016-08-03 07:44:08] iisss : how do I remove the etcxbt price from my xbtusd chart ?
[2016-08-03 07:44:08] iisss : http://imgur.com/a/x47P4
[2016-08-03 07:45:06] BitMEX_Jinming : iisss: yeah we know this problem. Can you try to refresh the page, or click other contracts then click back?
[2016-08-03 07:45:48] iisss : same thing. only etcxbt chart looks normal
[2016-08-03 07:48:19] exp : shorted some :-)
[2016-08-03 07:48:48] Jovis : iisss: when that happens i tend to click the index line and remove it to get the chart to adjust appropriately
[2016-08-03 08:04:15] omicron : well, looks like the hacker is buying back the coins
[2016-08-03 08:04:32] omicron : shit what a day
[2016-08-03 08:05:06] omicron : just want to give a shout out to bitmex support. You guys are attentive. thanks
[2016-08-03 08:05:19] dorothy490 : omicron: "buing back the coins"?? what are you talking about? why Hacker need to buy back coins he stolen
[2016-08-03 08:05:34] omicron : well, im sure he shorted a ton before the hack
[2016-08-03 08:05:48] omicron : that way even if the stolen coins cannot be used, he still is ahead
[2016-08-03 08:05:56] dorothy490 : good point
[2016-08-03 08:06:04] omicron : this is hacking 101, since the DAO every hacker knows this
[2016-08-03 08:06:22] omicron : dorothy, we are not in kansas anymore
[2016-08-03 08:07:13] BitMEX_Wally : omicron: You're welcome :)
[2016-08-03 08:08:03] omicron : BitMEX_Wally: you are the smart one in the company right? or is it the STRML guy
[2016-08-03 08:08:59] BitMEX_Wally : We're all smart
[2016-08-03 08:09:05] zanza : sam and wakky both
[2016-08-03 08:09:25] zanza : smart = computer brainy
[2016-08-03 08:09:28] BitMEX_Wally : Arthur is the ivy league finance genius, Sam is the tech genius, I'm the maths genius
[2016-08-03 08:10:00] zanza : and rapidtrades is the entertainment
[2016-08-03 08:10:09] BitMEX_Wally : Hahah
[2016-08-03 08:10:21] omicron : BitMEX_Wally: right answer. Your and Sam's genius is obvious ... but Arthur ... I got no idea what he does
[2016-08-03 08:11:31] zanza : he made the site happen omicron
[2016-08-03 08:11:49] zanza : i think it was his vision?
[2016-08-03 08:11:49] omicron : zanza: oh i see. he is the vision.
[2016-08-03 08:12:34] BitMEX_Wally : https://www.youtube.com/watch?v=xdiRhmLuYCM
[2016-08-03 08:12:44] BitMEX_Wally : Watch this to learn more about Arthur
[2016-08-03 08:13:13] BitMEX_Wally : BitMEX was his vision and he got the co-founders together
[2016-08-03 08:14:06] miramm1115 : and now he just drinks champaigne and watches money rolling in :-)
[2016-08-03 08:14:39] BitMEX_Wally : We wish
[2016-08-03 08:14:50] omicron : well after a few million, you need bitches and bling
[2016-08-03 08:15:33] BitMEX_Wally : Once we get our volumes up 10x, then we can talk
[2016-08-03 08:15:54] omicron : well, i hope this finex shit does not suppress the volume for 5 months
[2016-08-03 08:16:07] BitMEX_Wally : Arthur and Greg are busy on business development
[2016-08-03 08:16:33] BitMEX_Wally : Partnerships with spot exchanges, designing new products, China marketing, fixed income products, etc
[2016-08-03 08:19:39] willybot : Bitmex is the new Okcoin volume central
[2016-08-03 08:19:39] omicron : any reason why you incorporated in seychelles vs say hong kong
[2016-08-03 08:19:47] miramm1115 : BTW, how is Quoine integration working out for you? I'm trying to understand how xbj24h trades and it looks like there is very little retail order flow
[2016-08-03 08:21:09] lockhedge : bitstamp just confirmed: it's not BitGo's fault, "bad implementation" https://twitter.com/Bitstamp/status/760751539527057408
[2016-08-03 08:22:27] zanza : Arthur got goxxed! heh
[2016-08-03 08:23:35] zanza : BitGo signed 120k BTC im a few minutes. they take some blame for being a sh*t security company
[2016-08-03 08:24:32] BitMEX_Wally : Hong Kong incorporation is fine for a spot exchange, or even margin trading. But there was regulatory uncertainty regarding Bitcoin derivatives
[2016-08-03 08:25:08] lockhedge : zanza: setting limits, real-time audits and manual review would have been Bitfinex's job, doubt that BitGO even offers this kind of service
[2016-08-03 08:25:20] BitMEX_Wally : We chose the Seychelles because they give regulatory certainty, they have an English common-law system, and they understand finance
[2016-08-03 08:25:45] omicron : BitMEX_Wally: great reasons, thanks
[2016-08-03 08:26:40] lockhedge : zanza: according to Bitfinex's terms BitGo had to co-sign all tx "as directed by bitfinex" https://twitter.com/RobotFinance/status/760751769475579904
[2016-08-03 08:27:23] BitMEX_Wally : XBJ24H is doing good volume, the Quoine integration is a great model
[2016-08-03 08:28:43] lockhedge : BitMEX_Wally: but your principle place of business is HK, not the Seychelles or are you a local company?
[2016-08-03 08:29:18] ersagun : So in fact, it was just 0.5 sig wallets that BFX used; either their hot or cold password would be the same to unlock the wallets.
[2016-08-03 08:30:25] lockhedge : BitMEX_Wally: actually regulatory uncertainty is the only weak point BitMEX has
[2016-08-03 08:30:31] rullwull : heard many complains from quoine customers, be careful with them
[2016-08-03 08:30:51] miramm1115 : I'm asking because xbj24h open interest is very low compared to volume. I'm 50%-100% of open interest some days with my little test bots. It's like some arb bots doing volume by opening/closing positions quickly but there are no retail traders @BitMEX_Wally
[2016-08-03 08:31:12] rapidtrades : so bitfinex lost about 6% of coins? or is that 6% of bitgo coins?
[2016-08-03 08:31:14] BitMEX_Wally : lockhedge: Me, Arthur, Jinming live in HK
[2016-08-03 08:32:01] BitMEX_Wally : miramm1115: XBJ24H is all retail volume in and out. I remember that XBT24H traded 10x its open interest
[2016-08-03 08:32:28] miramm1115 : yeah, and xbj24h is 100x
[2016-08-03 08:33:19] miramm1115 : a bit weird, that's all
[2016-08-03 08:33:32] zanza : So its basically just a hot wallet if BitGo approves everytransaction, why even bother with multisig lol
[2016-08-03 08:33:40] ersagun : Not sure if BFX ever revealed their total stash. All I know is that it's 119k BTC being stolen from Bitgo wallets
[2016-08-03 08:33:48] zanza : to fool people into thinking its somehow
[2016-08-03 08:33:48] zanza : 'safe
[2016-08-03 08:35:41] zanza : I got to say the seychelles incorporation is pretty shady
[2016-08-03 08:36:13] zanza : its basically saying Fk Off with any legal claims lol
[2016-08-03 08:37:03] ersagun : to be honest, I couldn't care less in cryptoworld. MtGox was in Japan. I do trust the "phantom btc-e" more then BFX
[2016-08-03 08:39:36] BitMEX_Wally : zanza: Seychelles has a stable English common-law system, and its judgements can be enforced in other jurisdictions
[2016-08-03 08:41:39] BitMEX_Wally : Seychelles has shareholder secrecy, but that's not an issue with BitMEX because you know who the co-founders are
[2016-08-03 08:42:20] zanza : settting up incorporation in remote African island im sure was for the user benefit :) it doesn't even really matter, I don't see why you have toincorporate anywhere
[2016-08-03 08:42:32] lockhedge : i'm more worried about authorities in HK, Irland/EU or the US shut you down, because they claim that your principle place of business isn't the Seychelles
[2016-08-03 08:43:17] zanza : its a dirty money safe haven
[2016-08-03 08:43:35] zanza : but you guys dont take fiat, so
[2016-08-03 08:43:53] zanza : incorporation seems unnecessary at all
[2016-08-03 08:44:30] zanza : but thats not my business :)
[2016-08-03 08:45:46] zanza : i dont think governments will really care about this site since they dont take fiat