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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[2016-08-05 09:52:38] rapidtrades : finex didn't patch it...not surprising given their incompetence
[2016-08-05 09:53:02] rapidtrades : zanza: name one aside from mtgox
[2016-08-05 09:53:09] zanza : srsluy
[2016-08-05 09:53:14] zanza : crypsty
[2016-08-05 09:53:20] rapidtrades : proofs?
[2016-08-05 09:53:22] zanza : Bitcoinica
[2016-08-05 09:53:28] zanza : shapeshift
[2016-08-05 09:53:36] rapidtrades : .
[2016-08-05 09:53:41] rapidtrades : proofs?
[2016-08-05 09:54:46] zanza : Moolah
[2016-08-05 09:54:53] zanza : you must be out of touch with bitcoin news :)
[2016-08-05 09:55:09] rapidtrades : prooofs?
[2016-08-05 09:55:14] habibi : rapidtrades: its prooven actually on these cases
[2016-08-05 09:55:24] rapidtrades : link me bitch
[2016-08-05 09:55:36] zanza : http://siliconangle.com/blog/2015/02/23/mintpal-scammer-ryan-kennedy-arrested-in-u-k-over-theft-of-3700-bitcoins/
[2016-08-05 09:56:03] rapidtrades : yeah i knew about that guy...so that's 2
[2016-08-05 09:56:12] rapidtrades : of out 5-6 u named
[2016-08-05 09:56:21] zanza : I was trying to think of a way to setup decentralized leveraged exchange
[2016-08-05 09:56:33] zanza : seems complicated, but would be really worth it in the end
[2016-08-05 09:56:43] jose : some news from ryan kennedy http://www.dailymail.co.uk/news/article-3724522/Vicious-sex-fiend-emotionally-controlled-three-women-raped-jailed-11-years.html
[2016-08-05 09:56:53] zanza : 11 years?!
[2016-08-05 09:57:16] jose : i did not verified sources though
[2016-08-05 09:58:51] zanza : that jail sentence is for rape only, nothing related to Bitcoin/Moolah theft, Karma working in strange ways ?
[2016-08-05 09:59:11] rapidtrades : :)
[2016-08-05 09:59:52] zanza : nobody really disputes the accuracy of trades on BitMEX system, meaning the rules are setup, and no one complains about glitch in the system
[2016-08-05 09:59:56] Tetsuo : @ rabidtranny, told ya about finex weeks ago.lel. I hope you withdrew
[2016-08-05 10:00:10] zanza : where I am going, what if deposits were in 2 of 2 or 2 of 3 multisig
[2016-08-05 10:00:14] jose : yep sometimes I question how information flows, this guy is clearly a con artist but everyone seems to discover it
[2016-08-05 10:00:23] rapidtrades : that sentence is the biggest bull ive heard but it couldn't have happened to a better person
[2016-08-05 10:00:24] jose : like google doesnt exist
[2016-08-05 10:00:25] zanza : Exchange has 1, customer has 1
[2016-08-05 10:00:44] rapidtrades : Sex fiend Ryan Kennedy, 29, raped three women over a seven-year period <<<<lol
[2016-08-05 10:01:03] rapidtrades : how does one raped smone over 7 years without chaining them in the basement
[2016-08-05 10:01:23] zanza : wrong area for discussion about that
[2016-08-05 10:01:54] zanza : trying to think to prevent counterparty risk on an exchange
[2016-08-05 10:02:28] zanza : seems like the "BitGo" method seems to be the best, some sort of 3rd party however the implementation was awful in this case
[2016-08-05 10:02:52] rapidtrades : plz no
[2016-08-05 10:02:59] zanza : no curcuit breaker on 120k BTC
[2016-08-05 10:03:00] rapidtrades : we know what works
[2016-08-05 10:03:04] rapidtrades : cold f*cking storage
[2016-08-05 10:03:22] zanza : cold storage is still stealable
[2016-08-05 10:03:32] zanza : especially to inside job.
[2016-08-05 10:04:21] jose : they have the same problem than theDAO, no circuit breaker when you detect abnormal behaviour, it should trigger an alert and ask a human to look at the issue
[2016-08-05 10:04:57] Tetsuo : Finex is as innocent as Karpeles.
[2016-08-05 10:05:07] rapidtrades : shut up tetsuo
[2016-08-05 10:05:17] Tetsuo : No one will get anything back.
[2016-08-05 10:05:21] rapidtrades : noone likes u here
[2016-08-05 10:05:33] Tetsuo : rapidtrades: u suck
[2016-08-05 10:05:34] zanza : yeah having an exchange get "hacked" its the exception that it isn't inside job
[2016-08-05 10:05:56] zanza : sleger: did you take bad hit on finex?
[2016-08-05 10:06:05] rapidtrades : Tetsuo: ur mom sucks much better trust me
[2016-08-05 10:07:00] rapidtrades : u can make u decentralized exchange but i aint trusting anybody
[2016-08-05 10:09:17] rapidtrades : does this load for anyone https://bitvc.com/
[2016-08-05 10:09:49] zanza : well, it doesn't have to be a decentralized exchange, but having the funding be setup somehow in multisig
[2016-08-05 10:10:09] elmorte : No, but https://www.bitvc.com/ does
[2016-08-05 10:10:10] zanza : its complicated , since you would need 3 keys
[2016-08-05 10:11:10] rapidtrades : elmorte: urs timed out too
[2016-08-05 10:11:49] elmorte : Then it's you, coz I'm looking at a Chinese piggy bank
[2016-08-05 10:12:09] rapidtrades : cool
[2016-08-05 10:12:14] BitMEX_Wally : I think coinpit has some multisig wallet solution where the funds for an open order are moved from the users' private wallet to an exchange multisig wallet. I'm still waiting for them to release a white paper explaining it
[2016-08-05 10:12:46] elmorte : Oh...I got dragged into a OneCoin presentation yesterday...
[2016-08-05 10:13:17] elmorte : At least it started with a few shots of rakija
[2016-08-05 10:14:35] rapidtrades : :)
[2016-08-05 10:14:43] rapidtrades : did u invest?
[2016-08-05 10:14:51] Mangalica : ofc he did
[2016-08-05 10:14:56] rapidtrades : isn't that a marketing trick?
[2016-08-05 10:15:08] rapidtrades : give away smth for free then they feel like they owe u :)
[2016-08-05 10:15:18] rapidtrades : works with chicks
[2016-08-05 10:15:44] elmorte : Nah, rakija is pretty much a staple
[2016-08-05 10:15:54] Mangalica : he immediately bought an ultimate platinum infinity trader gold package after a shot for a measly few dozen grand
[2016-08-05 10:15:55] elmorte : I told them I'll have a look at it :)
[2016-08-05 10:16:36] elmorte : They kept insisting on how it was a closed system, cannot be manipulated, only a single exchange....and I was thinking you're so not selling it.
[2016-08-05 10:16:41] elmorte : Anyway, classing Ponzi
[2016-08-05 10:16:49] elmorte : classic even
[2016-08-05 10:17:06] elmorte : Just glad that the friend who dragged me had me there so he doesn't waste his money
[2016-08-05 10:17:32] Mangalica : maybe there was some oxycontin mixed in too
[2016-08-05 10:17:36] elmorte : ultimate platinum infinity trader gold PLUS
[2016-08-05 10:17:44] elmorte : I wish it did, but I felt nothing :(
[2016-08-05 10:18:28] rapidtrades : this finex situation is wrecking my nerves
[2016-08-05 10:18:39] elmorte : The presenter opened his dashboard, and my friend was like "does your bitcoin dashboard look like that too?"
[2016-08-05 10:18:40] rapidtrades : more then usual i mean
[2016-08-05 10:18:46] sleger : just assume you lost 65% @rapidtrades
[2016-08-05 10:18:50] Mangalica : lol elmorte
[2016-08-05 10:18:55] rapidtrades : sleger: NO FU I WONT
[2016-08-05 10:19:05] elmorte : Presenter also said OneCoin are discussing about buying Bitcoin...
[2016-08-05 10:19:13] elmorte : as in buying the whole Bitcoin
[2016-08-05 10:19:13] rapidtrades : i have it discounted by 50% right now
[2016-08-05 10:19:29] Mangalica : corporate merger with BTC
[2016-08-05 10:19:30] sleger : see, getting there
[2016-08-05 10:19:34] rapidtrades : :(
[2016-08-05 10:19:56] rapidtrades : i was short into the hack tho...but my 2 btc in exchange wallet are prolly toast
[2016-08-05 10:19:56] Mangalica : people always act surprised when i tell them bitcoin as such is not a company and there is nothing of the sort behind it
[2016-08-05 10:20:00] elmorte : I had 1.5BTC on finex...everything else was in ETH. cnts...
[2016-08-05 10:20:13] Mangalica : i had a TON of BTC on finex
[2016-08-05 10:20:25] elmorte : Yeah, it's hard to explain....you tell them it's like someone buying the Dollar...but even the Dollar has a central bank
[2016-08-05 10:20:31] rapidtrades : i think i used USD to short but not sure....
[2016-08-05 10:20:32] Mangalica : i was roughly half cash and half BTC for most of the year, then decided to buy some the day of the hack
[2016-08-05 10:20:38] sleger : i do agree that only btc holders and usd loaners should be impacted though
[2016-08-05 10:20:39] Mangalica : rip me
[2016-08-05 10:21:18] rapidtrades : in theory, even if i used BTC to short....I wouldn't be impacted right? cos im net short now?
[2016-08-05 10:21:28] rapidtrades : was net short*
[2016-08-05 10:21:39] sleger : rapidtrades: you had btc in finex, btc are easy to steal, so yes you should be impacted
[2016-08-05 10:21:51] Mangalica : yeah i was short ETC the moment they went down, no idea how that'll be accounted for
[2016-08-05 10:22:11] rapidtrades : cos they're saying ppl that were long on leverage lost several times over their deposits
[2016-08-05 10:22:20] sleger : Mangalica: they already explained that, your position will be closed at the price at the time they went down
[2016-08-05 10:22:31] Mangalica : oh yes, but what about the haircut
[2016-08-05 10:22:36] Mangalica : for that part
[2016-08-05 10:22:39] rapidtrades : becos platform registers them as long 60 btc for example...if they used 20 btc to long
[2016-08-05 10:22:43] sleger : wait, but most likely 65%
[2016-08-05 10:22:49] Mangalica : technically i gave someone BTC to sell their ETC
[2016-08-05 10:23:00] Mangalica : nitpicking but still
[2016-08-05 10:23:17] rapidtrades : guess we'll see what's left in few hrs
[2016-08-05 10:23:21] Mangalica : would have been helpful to announce that ALL margin positions would be closed, not just the "affected" ones
[2016-08-05 10:23:30] rapidtrades : all are closed
[2016-08-05 10:23:31] sleger : i think they did say that
[2016-08-05 10:23:33] Mangalica : then i wouldn't have tried to hedge here only to lose more coins
[2016-08-05 10:23:40] sleger : everything will be closed
[2016-08-05 10:23:50] rapidtrades : they said all will be closed at 604
[2016-08-05 10:23:50] Mangalica : the days after it wasn't clear that everything would be settled
[2016-08-05 10:24:03] sleger : yes, but since they clarified that
[2016-08-05 10:24:03] rapidtrades : i agree that sucked but u couldn't short anyway
[2016-08-05 10:24:10] rapidtrades : we insta crashed $50
[2016-08-05 10:24:57] rapidtrades : best case for me is loss around 1.5k after taking into account closed shorts at unfavorable prices and lost BTC
[2016-08-05 10:25:38] rapidtrades : worst case is several times that unfortunately
[2016-08-05 10:26:51] sleger : someone who had $ sitting on the exchange and not loaned out should not lose anything on this part
[2016-08-05 10:27:07] cenkzu : best case scenario I lose around 5k$ , worst I lose 15500$
[2016-08-05 10:27:43] rapidtrades : i don't even wanna ask sleger how much is at stake...
[2016-08-05 10:28:11] elmorte : Are we counting losses from going long here?
[2016-08-05 10:28:20] cenkzu : I sent 11 bitcoins to them after they already knew they were hacked but didn't notify us yet
[2016-08-05 10:28:33] Skitrx : I have a pending PNL of 0.419128 XBT in 2 hours but this isn't reflected in my wallet balance, is this going to be added on?
[2016-08-05 10:28:45] rapidtrades : yes it will
[2016-08-05 10:28:52] elmorte : Skitrx: Yes, but it can change by then
[2016-08-05 10:29:02] Skitrx : thanks guys
[2016-08-05 10:29:55] rapidtrades : if the haircut 65% is real then that's a major negative for BTC price
[2016-08-05 10:30:41] cenkzu : it could be much higher than 65%
[2016-08-05 10:31:01] cenkzu : 65% is just random figure someone made up
[2016-08-05 10:31:05] rapidtrades : do u guys think they will open today?
[2016-08-05 10:32:30] Tetsuo : They won't open ever again.
[2016-08-05 10:32:52] Tetsuo : All hope is lost. Everyone will die!
[2016-08-05 10:34:06] Skitrx : all positions will be closed at BTCUSD: 604.06000000
[2016-08-05 10:34:15] Skitrx : i wonder what impact this will have on the market if they resume trading
[2016-08-05 10:34:44] rapidtrades : if they were resuming they wouldn't do a 'view only' site
[2016-08-05 10:35:17] Skitrx : "Note that initially trading, deposits, withdrawals, and other core site functionality will be disabled."
[2016-08-05 10:35:33] Skitrx : so you can basically check your account
[2016-08-05 10:35:33] Skitrx : lol
[2016-08-05 10:35:37] rapidtrades : in theory u could lose 100%
[2016-08-05 10:35:57] rapidtrades : say ur unverified and tons of ppl withdraw before u....then a lawsuit comes in and ur money stuck
[2016-08-05 10:36:11] rapidtrades : and ur money ends up being shared
[2016-08-05 10:36:23] Skitrx : they aren't allowing withdraws, so who knows what they will do
[2016-08-05 10:36:30] Tetsuo : BTC down to 80$
[2016-08-05 10:37:56] Tetsuo : Gox allowed Login only to
[2016-08-05 10:38:02] Tetsuo : O
[2016-08-05 10:38:09] jesperf : Tetsuo: then you'd better short as hard as you can
[2016-08-05 10:38:19] jesperf : I have some really expensive bitcoins for you to short!
[2016-08-05 10:42:31] rapidtrades : zane still sleeping
[2016-08-05 10:45:03] jesperf : must be hard to sleep in his position
[2016-08-05 10:45:47] santacruz : Why value of my position is always changing? Once I entered into position it must be static, isn't it?
[2016-08-05 10:46:28] rapidtrades : no
[2016-08-05 10:46:51] rapidtrades : ur position value is static in USD terms on the swap
[2016-08-05 10:46:53] jesperf : santacruz: you're buying contracts, not actual cryptocurrency here
[2016-08-05 10:47:22] rapidtrades : ignore this comment ^
[2016-08-05 10:49:07] santacruz : take a look: https://goo.gl/lOHi8L
[2016-08-05 10:49:45] rapidtrades : rapidtrades: ur position value is static in USD terms on the swap
[2016-08-05 10:49:47] santacruz : according to calculator I should be short 10.19 BTC (which I was)
[2016-08-05 10:49:53] rapidtrades : oh ffs
[2016-08-05 10:50:05] rapidtrades : rapidtrades: ur position value is static in USD terms on the swap
[2016-08-05 10:52:13] santacruz : does not make sense... I was short more when BTC price was higher
[2016-08-05 10:52:24] rapidtrades : ur short the same amount
[2016-08-05 10:52:30] rapidtrades : santacruz: swap?
[2016-08-05 10:52:37] santacruz : No
[2016-08-05 10:52:43] santacruz : XBTU16
[2016-08-05 10:52:48] rapidtrades : aaah
[2016-08-05 10:52:56] rapidtrades : that's a quanto
[2016-08-05 10:53:18] rapidtrades : rapidtrades: ur position value is static in BTC terms on the quanto
[2016-08-05 10:53:36] santacruz : that's what I expect - but it's changing
[2016-08-05 10:53:47] santacruz : see picture https://goo.gl/lOHi8L
[2016-08-05 10:53:59] santacruz : when I entered - it was 10.19
[2016-08-05 10:54:06] santacruz : now it's 8.58
[2016-08-05 10:54:24] rapidtrades : yeah that's normal
[2016-08-05 10:54:43] santacruz : it's not :)
[2016-08-05 10:54:52] santacruz : I'm missing something
[2016-08-05 10:54:53] rapidtrades : it's a quanto not linear
[2016-08-05 10:55:45] rapidtrades : playing around with the calc with explain it better then i can
[2016-08-05 10:56:02] rapidtrades : simply..PnL is done in BTC terms here
[2016-08-05 10:56:10] sleger : cant be worse that wrong explanations indeed
[2016-08-05 10:56:36] rapidtrades : so if we fall or rise $100 u win/lose same amount of BTC
[2016-08-05 10:56:44] santacruz : I will talk to support.. thnx
[2016-08-05 10:56:51] rapidtrades : but cos we're now 100 higher/lower that BTC is worst more/less
[2016-08-05 10:57:27] Skitrx : rollover on btc charts
[2016-08-05 10:57:35] rapidtrades : i did a terrible job explaining that lol
[2016-08-05 10:57:40] Skitrx : i wonder where support is
[2016-08-05 10:58:27] rapidtrades : if finex is any guide, all over the world
[2016-08-05 11:00:40] Skitrx : http://i.imgur.com/2Lj1ble.png
[2016-08-05 11:01:52] Skitrx : 15m chart
[2016-08-05 11:07:54] Tetsuo : If bitfinex declares bankruptcy, all assets will be rolled into the bankruptcy estate, including the usd, cny, eth, ltc and others
[2016-08-05 11:09:16] habibi : they have cny market?
[2016-08-05 11:10:40] mjmj83 : If Finex will continue business will they need to 60$ million of btc.. hehe, price will get a boost.
[2016-08-05 11:12:30] subjective : mjmj83: how can they stay in biz, unless they issue a BFXCoin that repays dividends
[2016-08-05 11:12:55] subjective : mjmj83: they can't event raise 60M without this hack event in 6 months, let alone 6 days
[2016-08-05 11:13:13] subjective : Polo has done socialised loss before, but that was only a small amount of BTC
[2016-08-05 11:14:19] subjective : is poloniex slow for anyone here? another DDOS will be bad for crypto
[2016-08-05 11:14:24] mjmj83 : subjective: yep, i think it's bye bye finex
[2016-08-05 11:14:38] mjmj83 : but you never know..
[2016-08-05 11:14:39] Tetsuo : mjmj83: +1
[2016-08-05 11:14:47] Tetsuo : Good Riddance
[2016-08-05 11:15:43] subjective : mjmj83: can't think of how they can stay afloat, once large holder start legal actions
[2016-08-05 11:15:55] Tetsuo : Never should trust a bitcoin Exchange based upon the bitcoinica Code owned by some frogeaters
[2016-08-05 11:19:27] Tetsuo : BTC = starring into the Abyss
[2016-08-05 11:21:36] Tetsuo : So who is actually buyin all those longs on Finex if tb they should get settled @ 600$. Finex themselves buyin it with Finexbux? Bitcoinbuilder2.0 comin soon?
[2016-08-05 11:24:10] Tetsuo : " we will settle u @ 600Finexbux, which will probably go to the moon soon
[2016-08-05 11:48:57] rapidtrades : We are bringing the site back up in stages for security purposes. First we will bring up the site with read-only functionality, then withdrawals, and then trading. At least, that's the plan.
[2016-08-05 11:49:12] rapidtrades : come the f*Ck on....trading after u close everything $30 below market
[2016-08-05 11:49:16] rapidtrades : u can not be srs
[2016-08-05 11:51:29] rapidtrades : why close everything if ur coming back up u trash
[2016-08-05 11:54:22] REKT : Liquidated short on `ETHXBT`: Buy 100 @ 0.01926
[2016-08-05 11:55:48] rapidtrades : support why is the mark on sept so high
[2016-08-05 11:56:06] Tetsuo : Hint: they won't be back up
[2016-08-05 11:56:25] rapidtrades : looks like they will...eventually
[2016-08-05 11:56:37] REKT : Liquidated short on `ETHXBT`: Buy 235 @ 0.01936
[2016-08-05 11:57:10] Tetsuo : Will Finex implementiert "Midas" soon?
[2016-08-05 12:00:14] REKT : Liquidated long on `XBTU16`: Sell 82193 @ 612.54 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-08-05 12:01:15] rapidtrades : wb
[2016-08-05 12:01:20] rapidtrades : epic rekt
[2016-08-05 12:02:24] Mangalica : litecoin IS already finex at least
[2016-08-05 12:02:36] Mangalica : or was, depending on how you look at it
[2016-08-05 12:14:00] Sathya : Did anyone see their ETC missing?
[2016-08-05 12:16:10] rapidtrades : Sathya: from where? there's no etc deposits here
[2016-08-05 12:16:13] jesperf : Sathya: it's friday and the contract settled 15 minutes ago
[2016-08-05 12:17:09] rapidtrades : aaah his position got settled
[2016-08-05 12:30:00] Kra : hello
[2016-08-05 12:30:09] Kra : why my ETC position is disappeared
[2016-08-05 12:30:20] Kra : ah ok
[2016-08-05 12:30:24] Kra : the contract settled?
[2016-08-05 12:31:48] rapidtrades : yes its a weekly contracct
[2016-08-05 13:04:07] Skitrx : I take it the settlement PNL changed? I'm down now
[2016-08-05 13:33:38] Skitrx : actually
[2016-08-05 13:33:40] Skitrx : 2016-08-05 13:00:00 CashSettlement 0.419128 XBT
[2016-08-05 13:33:42] Skitrx : not received?
[2016-08-05 13:34:17] jesperf : does it say pending or completed?
[2016-08-05 13:34:38] Skitrx : completed
[2016-08-05 13:34:44] jesperf : then it's in your pockets
[2016-08-05 13:34:57] Skitrx : so it must have been calculated into my wallet balance before
[2016-08-05 13:35:05] jesperf : are you talking about xbtusd?
[2016-08-05 13:35:12] Skitrx : ETC7D
[2016-08-05 13:35:34] Skitrx : my wallet balance hasn't changed
[2016-08-05 13:56:19] BitMEX_Sam : Yes, it is already in your wallet balance pre-settlement, it just moves to available margin
[2016-08-05 14:02:04] Skitrx : ok thanks
[2016-08-05 14:11:50] MrJ1m : sam, wouldn't it be possible to update the entry price after rebalance?
[2016-08-05 14:13:07] MrJ1m : BitMEX_Sam
[2016-08-05 14:13:10] jesperf : MrJ1m: if you hover the entry price it changes to price after rebalance
[2016-08-05 14:18:54] rapidtrades : great so now we learned bitfinex ppl trade on their own exchange
[2016-08-05 14:20:53] jesperf : it's like they read the "how to fail like mtgox manual"
[2016-08-05 14:21:11] BitMEX_Sam : rapidtrades: That came out over a year ago
[2016-08-05 14:28:21] Roevenger : rapidtrades: I saw a couple of studies pointing to insider trading
[2016-08-05 14:29:13] jesperf : studies? you mean scribbled loose accusations on a chart?
[2016-08-05 14:29:54] Roevenger : let's say they make sense
[2016-08-05 14:33:04] rapidtrades : go on...
[2016-08-05 14:34:01] rapidtrades : now zane is saying they can't guarantee margin shorts either
[2016-08-05 14:34:28] rapidtrades : 'we haven't decided'
[2016-08-05 14:34:41] rapidtrades : three days to put up a limited view only site
[2016-08-05 14:34:46] rapidtrades : three fucking days
[2016-08-05 14:35:03] Skitrx : I bet they place shorts themselves before resuming trading
[2016-08-05 14:35:45] jesperf : they're busy manipulating the numbers in their favor :) and they have just one guy doing it.. this mr phil
[2016-08-05 14:37:26] CaptainDean : so this smells very bad ... price will take hit i guess
[2016-08-05 14:37:28] Skitrx : is china leading the btc price?
[2016-08-05 14:40:33] jesperf : CaptainDean: it already took a pretty large hit
[2016-08-05 14:41:17] jesperf : they still have a chance to salvage the aftermath somewhat, it's not going to be a mtgox size price to pay here
[2016-08-05 14:42:09] jesperf : but they will need a lot of time for people to forget
[2016-08-05 14:42:32] Skitrx : nobody forgot mtgox
[2016-08-05 14:43:02] Skitrx : read that wrong, but yeah it depends on how they deal with it
[2016-08-05 14:54:07] CaptainDean : still no ETA on what is missing ?
[2016-08-05 14:56:50] rapidtrades : what do u mean
[2016-08-05 14:57:11] rapidtrades : jesperf: mtgox had 200k bitcoins when it closed
[2016-08-05 14:58:00] rapidtrades : or they 'found' 200k in 'old wallet'
[2016-08-05 14:58:56] rapidtrades : Fine, i'm not 100% certain that it isn't going to be 63% but that doesn't appear to be the wrong number. But claiming that the number is accurate is incorrect
[2016-08-05 14:59:07] rapidtrades : 63% haircut confirmed
[2016-08-05 14:59:33] rapidtrades : what a shifty weasel this guy is
[2016-08-05 15:02:40] bernx : So they split loses to all finex members?
[2016-08-05 15:02:42] rapidtrades : also saying now it will come up EST time.so that means not for another 7 hrs
[2016-08-05 15:02:53] rapidtrades : bernx: no just btc holders and lenders
[2016-08-05 15:03:00] bernx : LOL
[2016-08-05 15:03:06] rapidtrades : they 'haven't decided' what do to with shorts yet
[2016-08-05 15:08:12] CaptainDean : 63% confirmed holy fusge
[2016-08-05 15:09:26] Rado : 63% haircut or 63% what will be left in your account?
[2016-08-05 15:09:58] Rado : how can more than half of the BTC be stolen ?
[2016-08-05 15:10:05] Rado : this seems very fishy
[2016-08-05 15:10:09] Rado : no checks and balances
[2016-08-05 15:12:07] rapidtrades : they're idiots that's how
[2016-08-05 15:12:30] BitMEX_Sam : 100% hot wallets... what could go wrong
[2016-08-05 15:13:42] rapidtrades : Fine, i'm not 100% certain that it isn't going to be 63% but that doesn't appear to be the wrong number. But claiming that the number is accurate is incorrect
[2016-08-05 15:14:04] rapidtrades : ^^^^ zane actual statement....reading between the lines suggests its gonna be around 63%
[2016-08-05 15:18:10] laisee : where you getting this intel, rapido?
[2016-08-05 15:23:12] tb : hi, im looking at the funding rates, if i go long xbt/usd do i pay or receive interest?
[2016-08-05 15:23:42] ersagun : you receive because it's negative
[2016-08-05 15:24:08] ersagun : when it's a positive rate, longs pay shorts
[2016-08-05 15:24:55] CaptainDean : laisee: Reddit
[2016-08-05 15:25:02] CaptainDean : ersagun: https://www.reddit.com/user/zanetackett
[2016-08-05 15:25:12] CaptainDean : laisee: https://www.reddit.com/user/zanetackett
[2016-08-05 15:25:33] CaptainDean : ersagun: sorry this was intended for @laisee
[2016-08-05 15:26:22] laisee : CaptainDean: thx.
[2016-08-05 15:27:20] ersagun : yeah, they are considering the bizzarest scenario to pay the stolen funds
[2016-08-05 15:30:28] PrincessBitcoin : Oh. This isn't Bitmex support is it?
[2016-08-05 15:30:32] PrincessBitcoin : oopsy
[2016-08-05 15:30:53] bernx : this etc spread just fucking shit
[2016-08-05 15:31:00] BitMEX_Greg : PrincessBitcoin: Hi, can I help?
[2016-08-05 15:31:10] PrincessBitcoin : yes you can
[2016-08-05 15:31:14] BitMEX_Greg : Great
[2016-08-05 15:31:15] bernx : BitMEX_Greg: greg for real. 44 here vs almost 46 on polo
[2016-08-05 15:31:21] PrincessBitcoin : Do you have the facility to serve corporate accounts?
[2016-08-05 15:31:27] PrincessBitcoin : I am ready to KYC now if you can
[2016-08-05 15:31:32] BitMEX_Greg : bernx: Are you referring to ETC?
[2016-08-05 15:31:42] bernx : BitMEX_Greg: yes mate
[2016-08-05 15:32:15] BitMEX_Greg : PrincessBitcoin: Yes we can server corporate accounts. Since we do not accept fiat we do not require KYC. The only restriction is that we do not allow US customers
[2016-08-05 15:32:25] BitMEX_Greg : bernx: Let me take a look. Btw you aren't aussie are you?
[2016-08-05 15:32:33] PrincessBitcoin : the company is Swiss
[2016-08-05 15:32:41] bernx : Polo almost 460, there sell bids 445 and buy bid 440
[2016-08-05 15:32:46] PrincessBitcoin : Do you need KYC to take BTC out?
[2016-08-05 15:33:06] bernx : BitMEX_Greg: partially
[2016-08-05 15:33:10] BitMEX_Greg : PrincessBitcoin: No. We will only require KYC if you lose 2FA or lose access to your email
[2016-08-05 15:33:33] BitMEX_Greg : bernx: I'm from Sydney, thats why I ask. Don't see many people saying mate haha.
[2016-08-05 15:33:51] PrincessBitcoin : OK. there are 2 directors for the company and both of us need to be able to access the account. So does 2 factor work in that situation?
[2016-08-05 15:34:11] bernx : BitMEX_Greg: I was live in AU not so long
[2016-08-05 15:34:18] BitMEX_Greg : bernx: I see ETC on Polo at 0.00443 and on BMEX at 0.0040 abouts (mids)
[2016-08-05 15:34:49] ersagun : BitMEX_Greg: I use mate all the time, English being not even my native language. Damn thos Dwarves and MMORPG's!
[2016-08-05 15:35:03] PrincessBitcoin : because I've linked it to my phone. but then Gavin cannot link it to his phone at the same time. Can he?
[2016-08-05 15:35:03] BitMEX_Greg : PrincessBitcoin: You can set up Authy on 2 or more devices so that your other director can have access at the same time
[2016-08-05 15:35:22] bernx : BitMEX_Greg: But as you can see polo price was much higer then here 0.00449 max here and 0.0046 at polo. But 0.00449 there was only one position
[2016-08-05 15:35:22] PrincessBitcoin : OK.
[2016-08-05 15:35:50] PrincessBitcoin : I may need a bit of help with that. I need to ask our compliance department if we can use you given that your KYC policy is...um...
[2016-08-05 15:35:59] PrincessBitcoin : not what ours is
[2016-08-05 15:38:34] BitMEX_Greg : PrincessBitcoin: Can you please submit a support ticket at https://bitmex.freshdesk.com/support/home. We can continue the discussion there about the KYC
[2016-08-05 15:40:03] BitMEX_Greg : bernx: The trades on BitMEX may not be the same as what happens on Polo. If you see price differences --> Arbitrage
[2016-08-05 15:44:04] bernx : BitMEX_Greg: just 0.00458 and 0.00445 it's huge difference
[2016-08-05 15:45:02] BitMEX_Greg : bernx: Then buy on BitMEX and sell on Polo.
[2016-08-05 15:45:54] BitMEX_Greg : There are a number of factors that could be the reason as to why price differs. ETC7D is a derivative product. ETC on Polo is the spot product. Even in traditional finance markets, derivatives and spot are not always 1:1 in price movements
[2016-08-05 15:46:32] bernx : BitMEX_Greg: I'm so sad mate :(
[2016-08-05 15:48:31] bernx : wow
[2016-08-05 15:48:35] bernx : this seel order on ETC
[2016-08-05 15:55:34] bernx : BitMEX_Greg: and again. 447 polo 4294 here
[2016-08-05 15:56:22] ersagun : you receive because it's negative
[2016-08-05 15:56:30] ersagun : Isn't it totally different stuff though? I mean, you are not buying ETC in Bitmex but only speculating it. Or I'm wrong?
[2016-08-05 15:58:08] bernx : just 3.5% spread it's very bad
[2016-08-05 16:01:15] HackedOnBFX : Hi
[2016-08-05 16:01:59] rapidtrades : ^^^ hehe
[2016-08-05 16:03:09] HackedOnBFX : rapidtrades: :(
[2016-08-05 16:03:30] HackedOnBFX : How do you guys trade here with such a massive spread?
[2016-08-05 16:03:51] jesperf : come on guys, just go fully tilted yolo on something
[2016-08-05 16:03:57] laisee : we gamble, degenerately
[2016-08-05 16:04:16] HackedOnBFX : laisee: hahaha ok got it
[2016-08-05 16:04:54] laisee : FOMO rallies 5X day
[2016-08-05 16:05:57] rapidtrades : lots of new faces here lately :)))
[2016-08-05 16:06:03] Rado : Spread on xbt swap is great
[2016-08-05 16:06:11] rapidtrades : BUILD A F*CKING WALL!
[2016-08-05 16:06:19] HackedOnBFX : Rado: true
[2016-08-05 16:06:30] HackedOnBFX : rapidtrades: wonder why :/
[2016-08-05 16:06:31] bernx : Rado: 3.5% for ETC
[2016-08-05 16:10:16] rapidtrades : https://www.reddit.com/r/Bitcoin/comments/4wax24/warning_beware_of_phishing_emails_bitfinex_blog/
[2016-08-05 16:10:23] rapidtrades : ^^^ just great isn't it
[2016-08-05 16:11:09] rapidtrades : JUST SEND US UR DOCS TO GET VERIFIED
[2016-08-05 16:11:47] BitMEX_Greg : bernx: Where do you see 3.5% spread? The trading market for ETC7D is not that wide\
[2016-08-05 16:13:32] ersagun : BitMEX_Greg: I've read somewhere that you are planning on expanding to become a regular exchange, too. I'm not wrong, aye?
[2016-08-05 16:14:01] BitMEX_Greg : ersagun: Not that i have heard. Would be extra pain to deal with fiat / regulators
[2016-08-05 16:14:20] ersagun : Hmm, then I'm probably mixing things up. Thanks
[2016-08-05 16:18:01] BitMEX_Greg : bernx: The market spread is actually 0.90%. For 3000 contracts either side its actually 1.5%. Where are you getting 3.5%? Our market maker has informed us that he has never gone so wide
[2016-08-05 16:18:17] HackedOnBFX : BitMEX_Greg: its pretty big
[2016-08-05 16:18:24] HackedOnBFX : for any real size
[2016-08-05 16:19:07] BitMEX_Greg : For a product that does not have any market to margin on, making BitMEX the only place to short it, I would say its a pretty justifiable spread
[2016-08-05 16:19:24] macios15 : corection son?
[2016-08-05 16:19:38] ersagun : Yeah, comparing it to regular exchanges is not fair
[2016-08-05 16:24:03] tb : does funding gains/losses show up in realized pnl?
[2016-08-05 16:28:56] BitMEX_Greg : tb: After a rebalance yes
[2016-08-05 16:29:51] bernx : BitMEX_Greg: right now polo 450, there 430 buy sire, 435 sell side.
[2016-08-05 16:31:10] bernx : So if i wanna buy right now - at 430, i need another almost 4.65% for ETC will up, for i can sell at 450.
[2016-08-05 16:32:11] bernx : If PNL calculator right there is 4.65% difference beetwin here and polo (430 and 450)
[2016-08-05 16:32:49] ersagun : that is the name of the game :-)
[2016-08-05 16:34:29] BitMEX_Greg : bernx: I don't think you understand the dynamics between a derivative and a spot contract. Also be aware that there is nowhere else to short ETC right now. Bitfinex had the only borrow market and that is now gone. As a result BitMEX is the only option to short ETC. Because of this risk the MM is probably pricing lower than spot so he can protect himself better incase of sharp dumps on the contract.
[2016-08-05 16:39:57] BitMEX_Greg : bernx: Prices are determines from market flow. If the market starts aggressive selling on the BitMEX contract, but not yet on the Poloniex spot contract. Would you still be buying at the Polo price? I hope not. Finance theory has shown that in traditional markets futures lead spot movements given the low cost to trading (i.e. high leverage). I am not sure if this is holds true in the crypto world too, but keep that in mind
[2016-08-05 16:45:08] HackedOnBFX : thanks greg
[2016-08-05 16:45:34] HackedOnBFX : now lets get rich
[2016-08-05 16:52:49] HackedOnBFX : so basis isn't changed when you cover a short?
[2016-08-05 16:52:53] bernx : Just i realy don't know how to trade here with ETC.ETH coz spread kill so very fast my orders
[2016-08-05 16:56:19] HackedOnBFX : bernx: its way different
[2016-08-05 16:56:35] HackedOnBFX : im playin around with a couple coins right now
[2016-08-05 16:57:09] HackedOnBFX : Oh I see, your "entry price" is not base price and yo uhave unrealized and realized PNL
[2016-08-05 16:57:12] HackedOnBFX : very different
[2016-08-05 17:02:26] bernx : but right now you can't open short
[2016-08-05 17:02:28] bernx : can't open long
[2016-08-05 17:02:30] bernx : i'' about this
[2016-08-05 17:02:42] bernx : so any 1-2 percent move on polo don't realy change something here
[2016-08-05 17:02:47] bernx : can't scalp with x10
[2016-08-05 17:02:48] bernx : so sad
[2016-08-05 17:02:49] bernx : :\
[2016-08-05 17:03:48] HackedOnBFX : bernx: yeah you need to target bigger moves
[2016-08-05 17:09:06] BitMEX_Greg : bernx: what error are you seeing that you cannot open a long or short?
[2016-08-05 17:16:47] lopol : What means cross leverage?
[2016-08-05 17:18:37] HackedOnBFX : BitMEX_Greg: I think he means he can't scalp small moves because of the spread
[2016-08-05 17:33:37] Gekko : ETC7D - assume long positions held into the expiry Friday are closed at Reference price? Will this appear in Closed Positions tab?
[2016-08-05 17:34:11] Gekko : Sorry - for BitMEX_Greg
[2016-08-05 17:35:48] BitMEX_Greg : Gekko: they will be closed at settlement price. You will be able to see this in the trade history
[2016-08-05 17:40:21] Gekko : OK. Can't see them in Closed positions or Order History - Trade History is a different tab?
[2016-08-05 17:42:41] CaptainDean : Gekko: Account => Trade History on the left
[2016-08-05 17:43:28] bernx : BitMEX_Greg: Use margin short open right now and mark price instant mark you in loss, So there any up movement for 2-3 percent enought for kill position
[2016-08-05 17:46:37] Gekko : Cheers, thanks!
[2016-08-05 17:48:29] rapidtrades : this waiting is killing me
[2016-08-05 17:57:05] Rado : me too rapidtrades
[2016-08-05 17:57:10] Rado : you know what else is doing to me
[2016-08-05 17:57:21] Rado : I am kind of giving up on my coins slowly
[2016-08-05 17:57:51] Rado : or preparing for the bad news I guess
[2016-08-05 17:58:15] Rado : I am telling you if I wrote the code for this exchange was going to be better
[2016-08-05 17:58:36] Rado : Don't they pay some big shot developers when building this software?
[2016-08-05 18:02:20] rapidtrades : this suuuucks
[2016-08-05 18:02:48] jesperf : they're probably not cheap but exceptionally good developers is almost never equal to exceptionally expensive developers
[2016-08-05 18:03:03] jesperf : oh I thought you were talking about bitfinex
[2016-08-05 18:03:50] jesperf : or were you? hard to decipher :D
[2016-08-05 18:05:16] jesperf : bitfinex was a resurrected codebase that they slapped a pretty dress on and applied some magic makeup to
[2016-08-05 18:10:47] BitMEX_Greg : bernx: Mark price is in the middle of the spread. This contract is using https://www.bitmex.com/app/fairPriceMarking to determine Mark Price. In any case, if you had a loss from a mark price outside of the spread - this loss is an unrealised loss. Similarly, if you were to open a long you would instantly notice a position in profit, but again a paper gain. You do not realise these unless you close out in the market.
[2016-08-05 18:11:21] lockhedge : this guy is the founder of bitfinex who "wrote" the code (seems he sold the majority to a group of investors some month ago) https://twitter.com/raphymcduck
[2016-08-05 18:12:08] rapidtrades : lol
[2016-08-05 18:14:24] lockhedge : article written by Vitalik in 2012: "Nicolle is clearly trying hard to create a strong security setup for BitFinex so that it can avoid the security pitfalls that so ruinously struck Bitcoinica earlier this year. Given some of his security decisions, however, the question is: will he be able to?" https://bitcoinmagazine.com/articles/bitfinex-bitcoinica-rises-from-the-grave-1353644122
[2016-08-05 18:15:05] rapidtrades : great vitalik is in this story too
[2016-08-05 18:15:21] Tetsuo : Good News!
[2016-08-05 18:33:23] Tetsuo : Crypto is eternally fucked. All hail to USD. Bow down before the one real king or get slaughtered!
[2016-08-05 19:13:22] rapidtrades : thanks for your insightful comments as usual
[2016-08-05 19:16:22] REKT : Liquidated long on `ETHXBT`: Sell 15 @ 0.01903
[2016-08-05 19:50:04] rapidtrades : I would like to reiterate that nothing has been decided as of yet, nothing is set in stone. I said that we were leaning towards that scenario at that time but that isn't to say that is what we will be doing. We are still evaluating the best way to go about this
[2016-08-05 19:50:15] rapidtrades : amateurs to the end
[2016-08-05 19:53:34] rapidtrades : this is like gox all over again
[2016-08-05 20:00:57] Rado : lol
[2016-08-05 20:01:00] Rado : morons
[2016-08-05 20:01:04] Rado : there is no best way
[2016-08-05 20:01:09] Rado : they are stalling
[2016-08-05 20:01:36] Rado : I think they know they are done and don't know how to admit it yet
[2016-08-05 20:02:11] rapidtrades : theyre floating ideas to see which ones cause the least shit
[2016-08-05 20:02:20] Rado : right
[2016-08-05 20:02:42] Rado : anything short of we will give you all BTC back will bankrupt them
[2016-08-05 20:03:01] Rado : giving the BTC back might bankrupt them as well, but at least there is a change to raise some money
[2016-08-05 20:12:16] Rado : 570-580 is resistance for BTC
[2016-08-05 20:12:30] Rado : not going to break it before any Bitfinex resolution
[2016-08-05 20:19:37] rapidtrades : stalling followed by bankruptcy announcement
[2016-08-05 20:20:00] rapidtrades : dunno if authorities will allow them to 'socialize' losses anyway
[2016-08-05 20:20:56] rapidtrades : at this point lawyers have to get involved i think
[2016-08-05 20:21:04] jesperf : some fools on reddit wanted to donate btc to them
[2016-08-05 20:23:32] rapidtrades : yeah right
[2016-08-05 20:30:16] Rado : ha ha
[2016-08-05 20:30:22] Rado : I will not be against that
[2016-08-05 20:30:36] Rado : crypto community to donate 120k BTC to bitfinex
[2016-08-05 20:55:49] jesperf : okcoin is weird
[2016-08-05 21:00:15] jesperf : someone is having fun painting with candles
[2016-08-05 21:01:34] jesperf : let's see if they break 3780 any time soon now
[2016-08-05 21:32:11] Rado : jesperf: break will be on the downside imo
[2016-08-05 21:32:36] Rado : there is always some kind of re test
[2016-08-05 22:15:00] Zyzz : Hey
[2016-08-05 22:38:21] REKT : Liquidated short on `XBTUSD`: Buy 74138 @ 573.08 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-08-05 23:03:14] Zyzz : REKT: short? good luck with that one :D
[2016-08-05 23:05:25] jesperf : Zyzz: REKT is a bot who posts to this chat whenever there are liquidations
[2016-08-05 23:10:54] zanza : rumor is Bitfinex has not contacted ANY authorities. Zane refuses to say a single investigation body looking into the theft of customer funds
[2016-08-05 23:14:01] Tetsuo : I am shocked!
[2016-08-05 23:16:32] jesperf : Tetsuo: stop playing with electrical eels!
[2016-08-05 23:17:20] Tetsuo : Rumor is that Finex never had enough real customer to lend 43mUSD . And most of those where madeup Finexbux created out of thin Air. This system was about to collapse---> publish a story of beein hacked and robbed. Source: Me
[2016-08-05 23:18:09] jesperf : rumors are bad, they keep the price down
[2016-08-05 23:18:17] jesperf : we want hard facts
[2016-08-05 23:18:18] habibi : why 43m usd?
[2016-08-05 23:20:04] Tetsuo : That was about the top of the crazy creddit Bubble over there last time I checked bfxdata.com which was about2_3 weeks ago. Could have been 2-3m more maybe
[2016-08-05 23:22:21] Zyzz : btc up or down
[2016-08-05 23:22:55] Tetsuo : To the core
[2016-08-05 23:22:57] jesperf : seems like slowly up is the way right now
[2016-08-05 23:23:37] jesperf : sneaking back until more killing news is released
[2016-08-05 23:24:19] Tetsuo : jesperf: +1
[2016-08-05 23:24:28] Zyzz : jesperf: its always nice to get some coins on discount :)
[2016-08-05 23:24:57] Tetsuo : Real discount Starts below 100$
[2016-08-05 23:26:01] Zyzz : Tetsuo: don't think we will se that anytime soon
[2016-08-05 23:26:02] jesperf : it will not go that low. bitfinex is not that important to bitcoin
[2016-08-05 23:26:37] jesperf : the market got really scared because it didn't know the gravity of it all. now it has a general ballpark figure and is adjusting accordingly
[2016-08-05 23:27:57] jesperf : but bitfinex is not and will not be the last exchange to get hacked
[2016-08-05 23:28:28] Zyzz : jesperf: hopefully the hacking will help on the security part
[2016-08-05 23:29:11] jesperf : sure, it wakes everyone up and makes them realize it's an urgent matter
[2016-08-05 23:29:29] jesperf : people are lazy. it's more fun raking in the trading fees than actually securing the site
[2016-08-05 23:30:13] Zyzz : jesperf: how long have you used bitmex for?
[2016-08-05 23:30:46] jesperf : but bitfinex was an especially sour apple. it was known that they were built upon a shady platform. people ignored it because americans needed somewhere to trade with leverage and short
[2016-08-05 23:31:17] jesperf : Zyzz: I made my first deposit here in June last year
[2016-08-05 23:32:17] Zyzz : jesperf: cool cool. What is your current trade position(s)?
[2016-08-05 23:33:03] jesperf : i am long xbtusd
[2016-08-05 23:33:24] Tetsuo : Who's next? Kraken, Poloniex or BTC-E? I think it might be BTC-E doin an exit scam.
[2016-08-05 23:34:08] Zyzz : Tetsuo: lol
[2016-08-05 23:45:45] jesperf : kim dotcom's idea is cool
[2016-08-05 23:48:13] Zyzz : yepp
[2016-08-05 23:51:22] ax : Tetsuo: bitmex?
[2016-08-05 23:53:19] Rado : jesperf: what is his idea
[2016-08-05 23:53:31] Rado : I don't understand what is the benefit to the user
[2016-08-05 23:55:24] jesperf : Rado: https://www.reddit.com/r/Bitcoin/comments/4w83fk/kim_dotcom_on_twitter_every_megaupload_file/d65258u
[2016-08-05 23:56:40] jesperf : this is also interesting: https://www.reddit.com/r/Bitcoin/comments/4vtuxo/bitfinex_security_breach_trading_will_be_halted/d662pre?context=3
[2016-08-05 23:57:18] Rado : it's an OK idea, but will never work
[2016-08-05 23:57:25] Rado : no one will pay for downloads
[2016-08-05 23:57:28] Zyzz : Rado: how come?
[2016-08-05 23:57:42] Zyzz : Rado: 0.01$ for a dl is not mutch
[2016-08-05 23:57:49] jesperf : plenty of people already pay for downloads at filesharing sites
[2016-08-05 23:57:52] Rado : I know it's not
[2016-08-05 23:57:59] Rado : but what kind of download?
[2016-08-05 23:58:07] Rado : If we are talking about a movie for example
[2016-08-05 23:58:16] Rado : first it's illegal and it will not cost 0.01