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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[2016-08-12 19:17:41] BitMEX_Greg : bernx: Cool, just wondering what crypto news sources do you use that's Russian or Eastern European focused?
[2016-08-12 19:17:59] BitMEX_Greg : Rado: I'll check in with Sam
[2016-08-12 19:18:14] bernx : BitMEX_Greg: Noone. Ofc. Because there is global's source
[2016-08-12 19:18:37] BitMEX_Greg : So most Russian traders would go to coindesk or something for news sources?
[2016-08-12 19:18:44] bernx : BitMEX_Greg: There is only some financial newspaper like Russian Business Consalting.
[2016-08-12 19:18:44] BitMEX_Greg : or Reddit ofcourse
[2016-08-12 19:18:53] bernx : BitMEX_Greg: Ye, you are right.
[2016-08-12 19:19:23] BitMEX_Greg : Got it, thanks
[2016-08-12 19:19:55] bernx : Well, I'll think there is no only east EU work this way. Same for India and etc.
[2016-08-12 19:20:41] Rado : BitMEX_Greg: are you advertising in newspapers?
[2016-08-12 19:21:56] HarambeTrump2016 : good evening gents
[2016-08-12 19:24:54] HackedOnBFX : HarambeTrump2016: nice name lol
[2016-08-12 19:26:02] Rado : what does Harambe mean?
[2016-08-12 19:26:14] BitMEX_Greg : Rado: No I just wanted to understand where European traders are reading their crypto news from
[2016-08-12 19:26:55] HackedOnBFX : Rado: harambe was the gorilla that got shot
[2016-08-12 19:27:12] Rado : BitMEX_Greg: I would hope all of them are doing it online
[2016-08-12 19:27:21] Rado : Twitter etc
[2016-08-12 19:29:44] Rado : anyone else getting the disconnected message every few sec/min?
[2016-08-12 19:30:32] rullwull : BitMEX_Greg: btc-e trollbox)))
[2016-08-12 19:31:15] BitMEX_Greg : Rado: Havn't seen any issues here on our end. Still awaiting Sam to confirm, but I am not noticing anything yet
[2016-08-12 19:31:38] Rado : thanks
[2016-08-12 19:32:47] rapidtrades : im not seeing anyhting either
[2016-08-12 19:32:58] rapidtrades : chat is still somewhat laggy tho
[2016-08-12 19:46:25] Airmike : BitMEX_Greg: I am from Eastern Europe as well. there is two types of sources in our team. (I am a trader and I have some developers in my team). I do read only coindesk and blogs from the main exchanges.
[2016-08-12 19:46:33] Airmike : nothing else
[2016-08-12 19:47:25] Airmike : My colleagues are interested about all technical issues , sources Reddit and so on
[2016-08-12 19:47:29] rapidtrades : their token should be trading much lower considering how much BTC was withdrawn
[2016-08-12 19:47:58] rapidtrades : 30% odds of full repayment is kinda of a stretch
[2016-08-12 19:48:20] rapidtrades : maybe market is waiting for their token announcement
[2016-08-12 19:49:22] Airmike : we do algorithmic trading so there is not a huge impact of fundamentals. but for guys is also interesting to know what is going on it developers world
[2016-08-12 19:50:20] rapidtrades : Airmike: do u trade forex?
[2016-08-12 19:50:34] Airmike : sure , thats me :D
[2016-08-12 19:50:47] rapidtrades : ah cool...i thought ur name sounded familiar
[2016-08-12 19:51:18] Airmike : Yes I am an old dog :D , some people know me
[2016-08-12 19:51:39] rapidtrades : first time here?
[2016-08-12 19:51:47] Airmike : but dont spread that info about what we do now.
[2016-08-12 19:52:09] Airmike : no , I am interested about new marketplaces , where we can Apply our algos
[2016-08-12 19:52:18] Airmike : so I wos here also 2 days ago
[2016-08-12 19:52:36] rapidtrades : cool ur secret is safe
[2016-08-12 19:52:37] Airmike : was
[2016-08-12 19:52:53] rapidtrades : not sure who's we but ok :)
[2016-08-12 19:53:10] Airmike : like our team
[2016-08-12 19:53:18] Airmike : I do trade with few guys
[2016-08-12 19:54:40] rapidtrades : u trade just bitcoin or other alts too?
[2016-08-12 19:55:37] BitMEX_Greg : Airmike: Welcome to the exchange. Thanks for the info! Let me know if you have any questions
[2016-08-12 19:56:14] Airmike : everything what has solid liquidity, we do lot of trades
[2016-08-12 19:56:19] Airmike : BitMEX_Greg: thanks
[2016-08-12 20:07:05] Airmike : BitMEX_Greg: I have one question
[2016-08-12 20:07:45] Airmike : is there any chance to see LTCUSD contract in future ?
[2016-08-12 20:11:40] BitMEX_Greg : Airmike: We have the LTCXBT contract right now, I don't think we would list a LTCUSD though given the volume on LTCXBT has been small
[2016-08-12 20:14:30] Airmike : I think that LTCXBT is small because all participants who want to trade LTCagainst XBT they use own combination order algorithm. there is no need to build a spread , because you can fill your order by combination of two legs
[2016-08-12 20:14:50] Airmike : almost all algotraders use their own spreader
[2016-08-12 20:15:15] Airmike : but LTCUSD is single market with huge volume so thats why Im asking
[2016-08-12 20:17:30] Airmike : I am just trying to figure out what to trade. so sorry for my questions. :)
[2016-08-12 20:18:21] justinlooking : long ltcxbt and long xbtusd = long ltcusd
[2016-08-12 20:19:33] rapidtrades : https://www.reddit.com/r/Bitcoin/comments/4xdce2/doing_these_three_things_wouldve_avoided_90_of/
[2016-08-12 20:19:41] rapidtrades : needs more love ^^^
[2016-08-12 20:19:44] lockhedge : justinlooking: long ltcxbt and short xbtusd
[2016-08-12 20:20:01] BitMEX_Greg : Airmike: Sure, I'll bring it up with the partners
[2016-08-12 20:21:20] justinlooking : lockhedge: u sure? i'm drunk as fuck, but that doesn't sound right
[2016-08-12 20:21:58] Airmike : the thing is, that I dont know what your client base is, and if they are interested to trade this product.
[2016-08-12 20:22:49] Airmike : I am very interested to know, how hard is to bring new product to the exchange
[2016-08-12 20:23:23] Airmike : because I have no Idea what is all work behind it
[2016-08-12 20:24:24] justinlooking : Airmike: they are pros, it takes them minutes to list new instruments but finding lps is harder
[2016-08-12 20:24:27] justinlooking : liquidity provideres
[2016-08-12 20:24:28] justinlooking : mms
[2016-08-12 20:24:58] Airmike : so if only this is a problem , that is not a problem :D
[2016-08-12 20:25:18] BitMEX_Sam : Yes, that's our biggest issue to be honest. Platform is solid, just needs more MMs
[2016-08-12 20:26:06] BitMEX_Sam : It's a lot better now than it was a year ago, to be sure, but it would be great if they were even more liquid.
[2016-08-12 20:36:05] Airmike : bad thing is that LTC is fundamentally undervalued . but if i can share my idea. I think that most LPs needs only two inportant things. one is professional communication with exchange. lets say FIX protocol. second thing is good fee policy
[2016-08-12 20:37:23] Airmike : i know few guys from small businesses. and they always complaining about troubles with messaging and stability of connection.
[2016-08-12 20:39:50] Rado : BitMEX_Sam: I am seeing my wallet balance jump to over 100 XBT and then jump back to normal
[2016-08-12 20:39:56] Rado : something is starnge
[2016-08-12 20:40:12] Rado : I have been seeing connection issues as well
[2016-08-12 20:40:12] Airmike : I was very surprised that kraken acquired lot of exchanges with better technical solutions only for clients. and they doesn't apply Fix yet
[2016-08-12 20:40:34] Rado : I will log out and in again to see if it fixes it
[2016-08-12 20:41:09] BitMEX_Sam : Looking into it Rado
[2016-08-12 20:41:26] Rado : thanks
[2016-08-12 20:43:08] Rado : BitMEX_Sam: I started a new session. When I logged out from Cleff it did not log me out of Bitmex
[2016-08-12 20:43:32] Rado : I also had to close the browser and then click Logout
[2016-08-12 20:45:41] rapidtrades : dam that's weird
[2016-08-12 20:45:58] rapidtrades : good thing with new changes is now chat shows up on mobile again
[2016-08-12 20:46:07] rapidtrades : but thing its a bit laggy
[2016-08-12 20:46:16] rapidtrades : bad thing
[2016-08-12 20:46:22] Rado : there were changes?
[2016-08-12 20:46:22] BitMEX_Sam : Rado: That's our issue, deploying a fix for the Clef logout
[2016-08-12 20:46:33] Rado : thanks BitMEX_Sam
[2016-08-12 20:46:44] BitMEX_Sam : rapidtrades: We didn't change the chat at all, honestly it's quite strange that it didn't show up for you
[2016-08-12 20:46:47] BitMEX_Sam : Nobody else has ever reported that
[2016-08-12 20:47:13] rapidtrades : wow
[2016-08-12 20:47:25] rapidtrades : ok i guess?
[2016-08-12 20:47:46] rapidtrades : are u sure cos plenty of ppl are reporting increased lag from chat
[2016-08-12 20:48:07] Rado : rapidtrades: I only saw a small lag once
[2016-08-12 20:48:10] rapidtrades : u prolly changed smth else that contributed to this
[2016-08-12 20:48:20] Rado : and chat has always worked for me on mobile
[2016-08-12 20:48:29] rapidtrades : wth...
[2016-08-12 20:48:31] zanza : I'm Rick Harrison????, and this☝??? is my pawn shop???. I work here with my old man???⚰ and my son, Big Hoss????. Everything in here has a story?? and a price????. One thing?‼️ I've learned after 21 years???? - you never know ????WHAT is gonna come???? through that door.?????
[2016-08-12 20:48:36] Rado : iPhone
[2016-08-12 20:48:48] rapidtrades : wtf zanza u tool
[2016-08-12 20:48:50] Rado : zanza: wtf
[2016-08-12 20:48:52] justinlooking : wtf zanza u rekt too
[2016-08-12 20:49:15] rapidtrades : i think bitfinex is haxing us
[2016-08-12 20:49:19] Rado : BitMEX_Sam: I still see waiting to connect to BitMEX
[2016-08-12 20:49:38] justinlooking : can u mtr rado?
[2016-08-12 20:49:40] Rado : every 30-60 sec
[2016-08-12 20:49:43] Rado : haven't timed it
[2016-08-12 20:50:07] BitMEX_Sam : I'm seeing some connection instability in our logs as well
[2016-08-12 20:50:08] Rado : I have other laptops and devices connected to the same wifi
[2016-08-12 20:50:08] BitMEX_Sam : Tracing it down
[2016-08-12 20:50:15] Rado : cool
[2016-08-12 20:50:29] rapidtrades : BitMEX_Sam: see? there is a problem
[2016-08-12 20:50:56] Rado : rapidtrades: the chat lag is different issue
[2016-08-12 20:51:16] Rado : I think
[2016-08-12 20:51:18] rapidtrades : u don't know that
[2016-08-12 20:51:26] Rado : don't know BitMEX code you are right
[2016-08-12 20:51:33] rapidtrades : maybe this whole place will fall down
[2016-08-12 20:51:44] Rado : but I think it' a different technology that the real time feed for prices
[2016-08-12 20:51:48] rapidtrades : they tinkered with the code one too many times
[2016-08-12 20:52:08] Rado : need a lot of automation test cases
[2016-08-12 20:52:18] rapidtrades : it's cool that there's cold storage so we don't get buttfinexed if haxed
[2016-08-12 20:52:43] Rado : yes
[2016-08-12 20:53:03] rapidtrades : we thought buttfinex had cold storage too
[2016-08-12 20:53:09] Rado : to tell you the truth if they change the manual withdrawal I will not be happy
[2016-08-12 20:53:09] rapidtrades : we thought wrong
[2016-08-12 20:53:18] Rado : I am fine waiting 24 hr
[2016-08-12 20:53:33] Rado : and knowing my BTC is in a cold storage
[2016-08-12 20:53:46] Rado : they are thinking to implement a hybrid
[2016-08-12 20:53:53] rapidtrades : WHAT
[2016-08-12 20:54:07] Rado : I guess too many people are asking why is it taking so long for withdrawals
[2016-08-12 20:54:08] Airmike : see U guys
[2016-08-12 20:54:08] rapidtrades : NO FANCY STUFF BITMEX
[2016-08-12 20:54:19] rapidtrades : u saw where that got buttfinex
[2016-08-12 20:54:21] Tetsuo : It would be even safer if they only would allow withdraws once a year, ever thought about that?
[2016-08-12 20:54:30] rapidtrades : yea sounds cool
[2016-08-12 20:54:54] Rado : lol
[2016-08-12 20:55:17] Rado : If you want to keep your BTC here for retirement it's fine
[2016-08-12 20:55:54] rapidtrades : Airmike: bye :)
[2016-08-12 20:57:28] zanza : we should all start talking like this in chat now
[2016-08-12 20:57:31] zanza : ???Crush the spaGHETTI?? noodLEs? right ?IN?half✔✔✔✔, just LIKE ???? all? your
[2016-08-12 20:57:41] Tetsuo : Personally i think btc- e is next. They lost all their shitcoin volume fees to Polo. and most of BTC /Usd volume is done by a single market Marker, probably themselves.
[2016-08-12 20:58:11] Tetsuo : zanza: Stop doin PCP
[2016-08-12 20:58:34] zanza : According to all known ? laws of ????? aviation, ? there is ??? no ? way ? a bee ?? should ? ? ? be able ? to ?? fly. ?? Its ✈? wings ? are too small ? to get ??? its fat little ? ? ? ? ? ? body ?? off the ground. ?☝? The ✋ bee, of ?? course, flies ? anyway because bees don’t care what ?? humans ? think ✋ is impossible. ?
[2016-08-12 20:58:53] zanza : im done
[2016-08-12 21:05:44] justinlooking : durgs r b ad m'ksay
[2016-08-12 21:29:56] pigeons : thanks for testing my terminal's unicode suport
[2016-08-12 22:27:42] JH : was anyone around when the Shit Token dropped to ~.24 what happened?
[2016-08-12 22:30:17] Rado : people selling the shit token?
[2016-08-12 22:31:36] pigeons : money now, vs. maybe no money later
[2016-08-12 22:38:58] REKT : Sorry guys, I was out partying all day, blowing up your insurance fund ;-) Back in business now, let's get REKT!!!
[2016-08-12 22:39:15] JH : lol
[2016-08-12 22:46:33] sq : REKT: welcome back lol
[2016-08-12 22:49:03] lockhedge : REKT: anyone got rekt at the party? where is @micmix?
[2016-08-12 22:52:47] REKT : lockhedge: everyone got REKT at the party, I was the last one standing. micmix wasn't invited because he's a party pooper ;-)
[2016-08-12 22:54:14] lockhedge : REKT: lol
[2016-08-12 22:54:23] lockhedge : REKT: did you see, api2.bitfinex.com (52.209.165.215) seems to be hosted at AWS Ireland now, they finally became BitMEX's (and likely also one of your) neighbours
[2016-08-12 23:13:15] justinlooking : bet they aint even on-metal'd
[2016-08-12 23:14:27] justinlooking : lockhedge: btw long xbtusd and long ltcusd is long ltcusd i think
[2016-08-12 23:35:52] lockhedge : ltc/usd = ltc/xbt * xbt/usd i guess we were both wrong ;)
[2016-08-12 23:37:14] HarambeTrump2016 : are people actually buying BFX? what a joke
[2016-08-12 23:47:34] rapidtrades : are ppl buying them or is bitfinex? Phil said 'it would be unethical' for them to trade in that market
[2016-08-12 23:47:48] rapidtrades : and we know how solid bitfinex ethics are
[2016-08-12 23:49:55] rapidtrades : https://www.reddit.com/r/bitfinexcal/comments/4xfnlw/bitfinex_is_probably_liable_to_thier_customers/
[2016-08-12 23:52:13] lockhedge : they are not so stupid that they would trade BFX themselves but they very likely have a contract with a "designated market maker" and we will never know the terms of this contract
[2016-08-12 23:58:15] rapidtrades : yeah terms are buy pennies on the dollar
[2016-08-12 23:58:41] rapidtrades : I really doubt they consulted a lawyer or followed his advice
[2016-08-12 23:58:52] rapidtrades : this all just seems absolutely crazy
[2016-08-12 23:59:34] rapidtrades : really feels like it was all a confidence play that massively backfired
[2016-08-13 00:00:00] rapidtrades : lockhedge: were u the guy keeping tabs on their BTC? how much left
[2016-08-13 00:00:51] ett1 : they are a bunch of amateurs, long con from the start. just a matter of time before they pull a similar scam and raid 60% of whats left
[2016-08-13 00:01:53] ett1 : if they get away with this, why wont other exchanges do the same
[2016-08-13 00:06:38] lockhedge : rapidtrades: there is still more than 59k left in cold storage
[2016-08-13 00:08:55] rapidtrades : lockhedge: tnx are u sure tho...didn't 70-80k already leave
[2016-08-13 00:10:25] lockhedge : rapidtrades: 83k left, but some btc came back as change and there are some new deposits to their cold storage
[2016-08-13 00:11:17] rapidtrades : they're taking in new deposits...now a true ponzi
[2016-08-13 00:18:45] lockhedge : rapidtrades: one of the greatest advantages of BVI IBCs seems to be that they "are not obligated to prepare or file accounts"
[2016-08-13 00:23:26] rapidtrades : we will prolly deal with their HK subsidiary
[2016-08-13 00:23:41] rapidtrades : while Americans deal with their US subsidiary
[2016-08-13 00:24:00] rapidtrades : we will likely have to sue both at the same time (HK+BVI)
[2016-08-13 00:24:32] rapidtrades : as in, name both in our application
[2016-08-13 00:39:41] micmix : lockhedge: thanks for the info on api2.bitfinex.com, going to switch
[2016-08-13 00:44:18] lockhedge : micmix: their websocket api url `wss://api2.bitfinex.com:3000/ws` has not been changed. or did you mean you are switching your bot from Milan to Dublin?
[2016-08-13 00:44:42] sq : micmix: do u hedge out most of your exposure?
[2016-08-13 00:45:21] sq : i guess u hold your positions for just minutes on hand? since u r a mkt maker
[2016-08-13 00:55:18] rapidtrades : is it true that bitfinex restarted margin trading? not logged atm
[2016-08-13 01:03:50] ayy_lmao : etc liquidation cleared?
[2016-08-13 01:03:53] ayy_lmao : when
[2016-08-13 01:07:22] justinlooking : ~12hrs ago
[2016-08-13 01:14:12] ayy_lmao : thats when i fell asleep
[2016-08-13 01:14:18] ayy_lmao : lol
[2016-08-13 01:29:25] HackedOnBFX : rapidtrades: yes
[2016-08-13 01:29:34] HackedOnBFX : for non-us customers
[2016-08-13 01:37:08] micmix : lockhedge: I was using api.bitfinex.com, didn't know about api2.bitfinex.com
[2016-08-13 01:37:45] rapidtrades : are u still trading there? @micmix
[2016-08-13 01:39:00] micmix : I've got all USD out but still have some BTC there
[2016-08-13 01:40:01] micmix : will spend it on bfx coins when they drop to 0.1 or so ;-)
[2016-08-13 01:40:29] HackedOnBFX : I dont think theyre going to 0.1
[2016-08-13 01:41:46] HackedOnBFX : finex got ~14k btc volume per day beforehand, thats roughly 3 million a year, minus a little over 1 million for salaries.
[2016-08-13 01:41:59] HackedOnBFX : and that doesnt include alts
[2016-08-13 01:42:05] HackedOnBFX : or commission from lending
[2016-08-13 01:42:17] HackedOnBFX : theyre offering equity to big tokenholders
[2016-08-13 01:42:19] pigeons : or lawyer fees or getting hacked again
[2016-08-13 01:42:34] HackedOnBFX : i think they will all be redeemed for $1
[2016-08-13 01:42:41] HackedOnBFX : eventually
[2016-08-13 01:43:41] HackedOnBFX : pigeons: lawyer fees wont be too bad, im sure they have lawyers on staff
[2016-08-13 01:44:02] HackedOnBFX : getting hacked again could be a problem but btc is in cold storage now
[2016-08-13 01:48:22] rapidtrades : HackedOnBFX: they have 1 legal 'council' on retainer....not sure if he's even staff
[2016-08-13 01:48:28] rapidtrades : that stu guy
[2016-08-13 01:49:04] rapidtrades : ppl with more money will wipe the floor with them
[2016-08-13 01:50:00] HackedOnBFX : rapidtrades: it will be very costly for people to sue in another jurisdiction
[2016-08-13 01:50:21] HackedOnBFX : i heard there aren't class action lawsuits in honk kong, but that could be wrong
[2016-08-13 01:51:08] pigeons : lol i dont think whtever lawyers they have on staff aare adequate for this situation
[2016-08-13 01:51:29] HackedOnBFX : pigeons: well see
[2016-08-13 01:51:36] pigeons : seriously?
[2016-08-13 01:51:38] HackedOnBFX : they kept 7 million i hear to deal with expenses
[2016-08-13 01:51:39] pigeons : come on!
[2016-08-13 01:52:27] HackedOnBFX : what?
[2016-08-13 01:52:28] pigeons : I hear tehy can't get drained ebcause bitgo won't approve it
[2016-08-13 01:52:52] HackedOnBFX : i didnt hear that from bitfinex lol
[2016-08-13 01:53:27] pigeons : serioulsy come on was to the we'll see that any of their existing staff is in any way competent to handle anything about getting lunch for anybody who will handle this situation for them
[2016-08-13 01:54:02] HackedOnBFX : i agree with u
[2016-08-13 01:54:34] HackedOnBFX : but if you can't sue them with a class action, it will be reallllllly expensive for people to do it
[2016-08-13 01:54:49] rapidtrades : not necessarily.
[2016-08-13 01:55:19] rapidtrades : if HK law applies, any unpaid claim over 10,000 HKD can lead to a petition for liquidation after 3 weeks
[2016-08-13 01:55:50] HackedOnBFX : so youre saying i should sue
[2016-08-13 01:55:53] HackedOnBFX : :P
[2016-08-13 01:55:55] rapidtrades : so pretty much any medium-sized client can put them out of business
[2016-08-13 01:56:29] rapidtrades : it's not even suing...u ask to get paid in full, they don't deliver in 3 weeks
[2016-08-13 01:56:42] rapidtrades : in then ask the court to assign a liquidator
[2016-08-13 01:56:52] pigeons : I don't think it would be a good move, as far as actually getting your money back, but people who feel wronged don't always do what is most logical financially
[2016-08-13 01:57:10] rapidtrades : i don't know if u even need a lawyer to do the 2 steps above
[2016-08-13 01:57:38] pigeons : And I certainly wouldn't bet on it not happening
[2016-08-13 01:57:57] rapidtrades : 10,000 HKD is just under 1,300 USD btw
[2016-08-13 01:58:20] HackedOnBFX : well im keeping my BFX a while
[2016-08-13 01:58:49] rapidtrades : pigeons: once in liquidation restructuring will be proposed with buyout offers
[2016-08-13 01:59:04] rapidtrades : even mtgox as shit as it was got few offers
[2016-08-13 01:59:17] pigeons : sure
[2016-08-13 01:59:33] rapidtrades : that client database is very valuable as is the network effect that bitfinex had
[2016-08-13 01:59:55] rapidtrades : any exchange that buys bitfinex will likely shoot up to n1 in USD volume
[2016-08-13 02:00:25] pigeons : kraken has been on a buying spree
[2016-08-13 02:00:34] HackedOnBFX : rapidtrades: likely? Id say definitely.
[2016-08-13 02:00:37] rapidtrades : 70 mil is inexpensive for some of the smaller shops backed by investors
[2016-08-13 02:00:41] pigeons : i dont think they need this headache though
[2016-08-13 02:01:37] rapidtrades : even if they offered shares we would've been paid in full
[2016-08-13 02:01:47] rapidtrades : debt is like 5-10 times earnings
[2016-08-13 02:02:33] rapidtrades : shares would likely go for that much....PE ratio of <10 is fairly low
[2016-08-13 02:02:44] pigeons : we'll see
[2016-08-13 02:03:37] rapidtrades : my opnion is they knew that if they were forced into bankruptcy smone would've bought their cash cow and they would've lost their jobs
[2016-08-13 02:04:01] rapidtrades : so they made up this crazy plan 'lolz guys it's the same thing as liquidation minus lawyer fees'
[2016-08-13 02:04:10] HackedOnBFX : rapidtrades: na dude
[2016-08-13 02:04:10] rapidtrades : like they're actually doing us a favor
[2016-08-13 02:04:14] HackedOnBFX : they could face criminal liability
[2016-08-13 02:04:20] pigeons : yeah pretty much
[2016-08-13 02:04:44] rapidtrades : HackedOnBFX: yes now they absolutely can...they really gambled with this token scheme
[2016-08-13 02:04:53] pigeons : but you aren't getting anything anytime soon in most of those scenarios
[2016-08-13 02:04:56] rapidtrades : and socializing losses
[2016-08-13 02:05:07] HackedOnBFX : rapidtrades: yeah they got balls
[2016-08-13 02:05:25] HackedOnBFX : sweet beautiful balls
[2016-08-13 02:05:33] pigeons : well i think it was worth a shot for them, but likely someone will force their situation
[2016-08-13 02:05:34] rapidtrades : pigeons: i'm not getting anything either way? my only option is to sell now for 29% of what they owe me
[2016-08-13 02:05:36] HackedOnBFX : so much better than bankruptcy imo
[2016-08-13 02:05:50] pigeons : rapidtrades: yes that's my opinion
[2016-08-13 02:06:35] rapidtrades : we're not getting anything whether there's liquidation or not....most of us withdrew what we could
[2016-08-13 02:07:06] pigeons : money now is money now. maybe money later is maybe, maybe not
[2016-08-13 02:07:25] rapidtrades : it's a really major difference tho...3/1
[2016-08-13 02:08:12] rapidtrades : even if it takes a few years it's prolly worth it
[2016-08-13 02:08:48] rapidtrades : selling the tokens prolly doesn't mean u give up your claims anyway
[2016-08-13 02:09:04] rapidtrades : they say it doesn't and most posters on reddit seem to agree
[2016-08-13 02:09:38] rapidtrades : this laweyrs says even if you sold you may still have a case http://www.harveybinnall.com/breach-of-duty-the-rights-of-bitfinex-customers/
[2016-08-13 02:09:53] pigeons : yeah
[2016-08-13 02:12:37] rapidtrades : ideally the best solution is new management which makes an actual legal obligation to us...like u will be paid X every year or in bulk whatever
[2016-08-13 02:13:21] rapidtrades : not much $$$ is left in there if we fight for the scraps
[2016-08-13 02:21:17] pigeons : its not impossible, just ugly
[2016-08-13 03:18:51] REKT : Liquidated short on `FCTXBT`: Buy 10 @ 0.004006
[2016-08-13 03:20:08] laisee : FCT? Has there been an earnings upgrade or buyout of competetor or patent granted or?
[2016-08-13 04:42:22] REKT : Liquidated long on `ETHXBT`: Sell 50 @ 0.01996
[2016-08-13 05:25:52] REKT : Liquidated long on `ETHXBT`: Sell 20 @ 0.01991
[2016-08-13 05:42:37] REKT : Liquidated long on `ETHXBT`: Sell 50 @ 0.01989
[2016-08-13 06:17:17] REKT : Liquidated short on `XBJ24H`: Buy 3000 @ 59983.0
[2016-08-13 10:05:06] REKT : Liquidated long on `FCTXBT`: Sell 200 @ 0.003899
[2016-08-13 10:45:06] zanza : I'm debating if I should wire more money to BitFinex
[2016-08-13 10:51:12] ayy_lmao : y
[2016-08-13 10:51:24] ayy_lmao : gtfo of gox
[2016-08-13 11:00:27] jan : hi what happen in an our let say I'm holding 10 XBT contract. Contract is closing in 1 h.I don't want to sell it now want to hold. Will I be charge by some fee or my contract be automatically sold and buy ?
[2016-08-13 11:15:58] willybot : I hope you all missed me
[2016-08-13 11:25:17] BitMEX_Jinming : jan: At funding time (in about 30 min) you will be charged 0.0296% of the value of your long XBTUSD position.
[2016-08-13 11:43:12] jan : BitMEX_Jinming: thx so it will be 10XBTx0.000296=0.00296XBT that's a good number :)
[2016-08-13 12:05:00] rapidtrades : it's quiet....
[2016-08-13 12:05:09] rapidtrades : too quiet...
[2016-08-13 12:09:08] TA : any thoughts on btc ?
[2016-08-13 12:12:00] rapidtrades : it' range-bound
[2016-08-13 12:12:56] rapidtrades : i'm leaning towards selling my tokens...i don't think that will get them of the hook in a liquidation
[2016-08-13 12:13:50] rapidtrades : i may for that 'token announcement in few days'
[2016-08-13 12:14:17] rapidtrades : retards may fomo buy if it offers slightly more then shit to holders
[2016-08-13 12:14:54] rapidtrades : knowing finex that announcement will come next week....or never
[2016-08-13 12:18:37] justinlooking : um.. pattern seems to always be, market moves, then announcement comes later
[2016-08-13 12:19:04] justinlooking : it's like a sieve over there
[2016-08-13 12:19:05] rapidtrades : hehe true
[2016-08-13 12:19:31] rapidtrades : how would the liquidator identify us unverified accounts? by emaiil right
[2016-08-13 12:19:41] rapidtrades : i can't find any account number over at finex
[2016-08-13 12:25:22] rapidtrades : so can u use ur shittoken as margin? to buy/sell btcusd for example
[2016-08-13 12:27:40] nip : rapidtrades: so thats why the value isnt 0 yet?
[2016-08-13 12:30:40] rapidtrades : man and they charge fees in the bfxcoin markets?
[2016-08-13 12:30:47] rapidtrades : looool these ppl are too much man
[2016-08-13 12:30:56] rapidtrades : this is mtgox level of autism
[2016-08-13 12:31:16] nip : rapidtrades: when everyone has paid 1 btc per bfx in fees on that market they will pay it back
[2016-08-13 12:31:27] rapidtrades : i ain't even mad, they're functionally retarded
[2016-08-13 12:34:41] nip : why is made safe coin top of polo?
[2016-08-13 12:40:38] rapidtrades : nip: idk i haven't tried to margin buy with my tokens balance
[2016-08-13 12:46:36] rapidtrades : i hope my panicked buying after the opened will be the last fees the assholes get from me
[2016-08-13 12:46:39] rapidtrades : assholes
[2016-08-13 12:49:35] rapidtrades : this will prolly usher in a new wave of regulation
[2016-08-13 12:49:48] rapidtrades : prolly start with America
[2016-08-13 12:53:55] rapidtrades : posts from 1 day ago seem to indicate that bitfinex froze the US verified accounts and is not allowing wihdrawals
[2016-08-13 12:54:22] rapidtrades : prolly as penalty for synapse not allowing them to steal
[2016-08-13 12:54:44] rapidtrades : in any case it could cause a a major shitstorm
[2016-08-13 12:55:08] rapidtrades : US does not take kindly to such matters
[2016-08-13 13:31:20] nip : did synapse fully refund usd balances?
[2016-08-13 13:31:45] nip : these tokens hardly seem legal
[2016-08-13 13:32:10] BitMEX_Sam : nip: I heard they did.
[2016-08-13 13:39:30] micmix : nip: yep, synapsepay customers got 100% of their USD back
[2016-08-13 13:53:28] justinlooking : anyone use tradeblock api?
[2016-08-13 14:15:52] bernx : BitMEX_Sam: Hey. Ill close short from 2027 on ETH at 2008 and get -0.06 at balance. Why?
[2016-08-13 14:16:41] bernx : BitMEX_Sam: 340 contract
[2016-08-13 14:16:48] BitMEX_Sam : Hang on, looking into your history.
[2016-08-13 14:18:52] BitMEX_Sam : bernx: I'm seeing a pretty complicated series of trades, it wasn't a simple entry and exit - but that last week you had a profit on that contract
[2016-08-13 14:20:28] bernx : BitMEX_Sam: Ye, there is a series of entry like 205. Close was on 2008 and there is -0.06. And then why I get minus right now? 50% entry was yesterday
[2016-08-13 14:20:46] BitMEX_Sam : Okay, just a bit - reviewing
[2016-08-13 14:21:44] BitMEX_Sam : Ah. There was a rebalance today at 12:00 UTC, and you closed after that - so the -0.06 you're seeing is between the rebalance price of 0.01990 and the close price of 0.02009
[2016-08-13 14:22:11] BitMEX_Sam : See your wallet history and take a look at the rebalance that was done today (8-13) for ETHXBT.
[2016-08-13 14:22:14] bernx : BitMEX_Sam: Nice. And then why I didn't see this on entry price? Entry was still the same
[2016-08-13 14:22:34] BitMEX_Sam : We show the overall entry price in the position list. If you hover over it, you see the entry as of last rebalance
[2016-08-13 14:22:50] BitMEX_Sam : That was an intentional decision as traders found the reverse more confusing, to see their entry price move day to day
[2016-08-13 14:24:05] bernx : BitMEX_Sam: But there was entry price wrong then. This confusing me and made me do wrong move. Can you make refresh entry price for avoid this in future? You confusin in this way. Looks not a realy fair
[2016-08-13 14:24:41] BitMEX_Sam : bernx: There was nothing wrong about your close, you're just seeing point-in-time PNL. You're up overall on that trade, just not from the price between 2 hours ago and now.
[2016-08-13 14:25:24] bernx : BitMEX_Sam: Ok. For to be clear. Right now entry price for my LSK contract 467 or 4486?\
[2016-08-13 14:25:41] BitMEX_Sam : The number you see displayed normally is your overall entry price
[2016-08-13 14:25:57] BitMEX_Sam : If you hover, you see the last rebalance price, which was just the mark price as of two and a half hours ago
[2016-08-13 14:44:54] rapidtrades : hmmm tokens slowly moving up eh? 33 now
[2016-08-13 14:45:40] rapidtrades : announcement soon maybe?
[2016-08-13 14:45:44] rapidtrades : maybe monday?
[2016-08-13 14:58:18] zanza : Finex must be so mad then can't take US customer deposits
[2016-08-13 15:00:48] rapidtrades : THEY WON'T LET US STEAAAAL? FREEEZE EVERYTHING!!!
[2016-08-13 15:01:32] rapidtrades : it kinda sucks some guy posted he had $5 in fiat and all BTC...haircut would be close to 100% if he can't withdraw
[2016-08-13 15:02:23] rapidtrades : https://www.reddit.com/r/Bitcoin/comments/4xiyp0/bitfinex_us_accounts_frozen/
[2016-08-13 15:03:24] rapidtrades : if we see tokens inch toward 40 means announcement incoming
[2016-08-13 15:04:58] rapidtrades : also it will be interesting to see what happens when bitfinex runs out of BTC...if they will actually use our USD to buy
[2016-08-13 15:17:30] rapidtrades : up until this point they were somewhat reluctant to spread much info...for example they never emailed about the hack or the subsequent 'loss adjustment'
[2016-08-13 15:18:05] rapidtrades : using our USD to buy BTC may expose them further to legal liability
[2016-08-13 15:19:07] rapidtrades : right now they can kind off still step away from the brink but once they actually take those funds, idk man
[2016-08-13 15:19:56] rapidtrades : they're winging it
[2016-08-13 15:29:24] CryptoWealth : BitMEX_Sam: Question: just curious why my affiliate % is stuck at 15.11% with 20% pending when I've surpassed the 10K BTC turnover? Thanks :-)
[2016-08-13 15:29:42] BitMEX_Sam : CryptoWealth: Let me check
[2016-08-13 15:29:47] CryptoWealth : thanks
[2016-08-13 15:30:12] BitMEX_Sam : I believe the 15.11% you're seeing is the effective average rate
[2016-08-13 15:30:20] BitMEX_Sam : Over all time
[2016-08-13 15:30:30] BitMEX_Sam : Given that it's above 15%, that means you are at 20% now.
[2016-08-13 15:30:55] CryptoWealth : ok great, thanks for clarifying
[2016-08-13 15:31:47] CryptoWealth : cheers!
[2016-08-13 15:33:30] ersagun : Guys, Anyone does know about swapmans guide about arbitraging with futures? Shorting a futures in case the price is higher then spot a d you'll get a net profit regardless if the prices increases or decreases? I fail to understand the logic.
[2016-08-13 15:34:41] BitMEX_Sam : ersagun: Yes, it's generally pretty simple - if you buy bitcoins and short the correct quantity of futures, your price exposure is effectively 0
[2016-08-13 15:34:56] BitMEX_Sam : So all you have to do is wait for expiry and pocket the basis.
[2016-08-13 15:35:24] BitMEX_Sam : Now, with inverse futures, you can truly be flat in exposure, but with quanto futures you have quanto risk if the price moves too much, which is part of the reason why quanto futures have more basis than inverses.
[2016-08-13 15:35:26] ersagun : But I fail to understand how I could make a profit if the price increases against my short.
[2016-08-13 15:35:46] BitMEX_Sam : ersagun: You wouldn't make a profit, but you would be flat if you are also holding an equivalent amount of Bitcoin
[2016-08-13 15:36:02] BitMEX_Sam : If your Bitcoin increases in value relative to USD by 10%, and your short loses 10% of value, you are flat.
[2016-08-13 15:36:40] ersagun : Ah, yes I can understand that, hedging your position. But the strategy claims making almost equal profit regardless the movement
[2016-08-13 15:37:31] rapidtrades : ur prolly reading about the quanto futures?
[2016-08-13 15:37:59] ersagun : Shall I paste the link?
[2016-08-13 15:38:38] rapidtrades : yea
[2016-08-13 15:38:50] rapidtrades : i think you shall
[2016-08-13 15:39:28] ersagun : http://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html
[2016-08-13 15:40:55] rapidtrades : can u post the names of the trading instruments in that article
[2016-08-13 15:42:34] ersagun : " BitMEX XBU " for instance
[2016-08-13 15:42:50] ersagun : "This strategy only works when futures are trading at a premium and for the right type of contract: Inverse Contracts or any derivatives which can lock in the USD value somehow (OKCoin, Bitmex XBU, and CryptoFacilities). XBT (quanto) contract payout structure is different and less effective for arbing because you have to constantly rebalance"
[2016-08-13 15:43:28] rapidtrades : ah premium
[2016-08-13 15:44:12] rapidtrades : pretty self-explanatory....if prices here are at 590 and spot is at 585, shorting makes sense
[2016-08-13 15:44:31] rapidtrades : eventually prices will revert
[2016-08-13 15:44:46] rapidtrades : so if u use reasonable risk, u would be ok
[2016-08-13 15:45:07] rapidtrades : but ur still exposed to calwback risk and counter-party risk
[2016-08-13 15:45:57] rapidtrades : premiums or discount usually happen during volatile markets and thats' when u get clawbacks too
[2016-08-13 15:49:55] ersagun : but how would I make a profit if the price increases? wouldn't I lose BTC thanks to my short position? Yes, the BTC I have will be worth more but would that result in profit?
[2016-08-13 15:50:23] BitMEX_Wally : You would neither make a profit or a loss.
[2016-08-13 15:50:36] BitMEX_Wally : You would have a hedged position so are immune to price changes
[2016-08-13 15:50:53] ersagun : BitMEX_Wally: that's what I understand. but the guide claims otherwise
[2016-08-13 15:51:15] BitMEX_Wally : If the funding rate is positive then you make a profit from shorting the swap
[2016-08-13 15:51:31] BitMEX_Wally : Or if you're looking at futures, you make a profit from selling the future at a price higher than you buy spot
[2016-08-13 15:51:33] ersagun : but you never know the rates
[2016-08-13 15:51:44] ersagun : I mean, anticipate for mid-term
[2016-08-13 15:53:25] BitMEX_Wally : On average they are positive, but due to the Bitfinex debacle they have been negative recently
[2016-08-13 15:53:49] rapidtrades : BitMEX_Wally: positive as in longs get paid?
[2016-08-13 15:54:16] ersagun : on positive, longs pay shorts I believe
[2016-08-13 15:56:35] BitMEX_Wally : Correct
[2016-08-13 16:00:06] rapidtrades : but if u see a minus that means longs get paid
[2016-08-13 16:01:25] arbitrage001 : haha
[2016-08-13 16:01:28] arbitrage001 : bfxcoin going up
[2016-08-13 16:01:38] arbitrage001 : guess i am not totally stupid
[2016-08-13 16:01:45] arbitrage001 : buying at less than 0.3
[2016-08-13 16:02:06] rapidtrades : like i said...announcement could be coming soon
[2016-08-13 16:02:16] rapidtrades : these ppl inside the shit out of trading
[2016-08-13 16:03:35] arbitrage001 : told you 0.3 is a good bet
[2016-08-13 16:04:13] arbitrage001 : you could spend a few millions to develop and exchange and it may turn out like gemini or itbit
[2016-08-13 16:04:26] arbitrage001 : investment down the sink
[2016-08-13 16:07:52] zanza : http://www.zerohedge.com/news/2016-08-11/expert-says-rising-rapes-sweden-due-global-warming-not-soaring-muslim-immigation
[2016-08-13 16:23:58] Rado : shit coin is going up
[2016-08-13 16:24:08] Rado : back over 0.0006
[2016-08-13 16:24:15] Rado : or 0.35 USD
[2016-08-13 16:40:32] laisee : the hackers are buying it up, maybe
[2016-08-13 16:42:31] JH : not for long
[2016-08-13 16:50:57] bernx : BitMEX_Wally: wtf with FCT?
[2016-08-13 16:51:18] BitMEX_Sam : Looks like the main quoter dropped because of that large crash
[2016-08-13 16:57:05] rapidtrades : BitMEX_Sam: any profit from bfx is released friday?
[2016-08-13 17:00:16] BitMEX_Sam : rapidtrades: Yes
[2016-08-13 17:07:17] rapidtrades : lots of Americans reporting issues https://www.reddit.com/r/Bitcoin/comments/4xiyp0/bitfinex_us_accounts_frozen/
[2016-08-13 17:12:10] rapidtrades : 36 cents...nice
[2016-08-13 17:12:40] rapidtrades : they are definitely working on the announcement lol
[2016-08-13 17:12:45] rapidtrades : these ppl are snakes man
[2016-08-13 17:14:36] laisee : profitable snakes.
[2016-08-13 17:16:27] rapidtrades : it was a nonstop rise past few hrs....smone knows smth
[2016-08-13 17:18:43] rapidtrades : is 25e extra good price to get extra 16gb storage and 1gb memory on a phone
[2016-08-13 17:19:15] rapidtrades : how much do those 16gb storage thinggies go for these days?
[2016-08-13 17:20:03] BitMEX_Sam : Practically nothing
[2016-08-13 17:20:06] BitMEX_Sam : $12 or so
[2016-08-13 17:20:35] BitMEX_Sam : I'd find the extra RAM more compelling, I find my phone running out all the time even with 3GB
[2016-08-13 17:20:59] laisee : 9.88 @ Walmart
[2016-08-13 17:21:43] rapidtrades : so would u guys pay that 25e extra or what...doubt i'll need 32gb soon if ever
[2016-08-13 17:22:29] laisee : depends - how much use for the phone and kind of apps?
[2016-08-13 17:22:47] BitMEX_Sam : I would for the RAM
[2016-08-13 17:23:07] BitMEX_Sam : the storage... depends on whether or not you take a lot of photos or store a lot of local music
[2016-08-13 17:23:11] rapidtrades : just general trading aps and normal stuff...skype etc
[2016-08-13 17:23:13] BitMEX_Sam : and whether or not it has an SD slot
[2016-08-13 17:23:17] rapidtrades : i don't game on mobiles
[2016-08-13 17:23:20] laisee : i know people fill up the phone with pics and videos. others need RAM for apps - like SAM says
[2016-08-13 17:23:37] rapidtrades : BitMEX_Sam: yea there's extra storage but it replaces one of the sim slots
[2016-08-13 17:23:52] BitMEX_Sam : That's probably fine
[2016-08-13 17:25:58] rapidtrades : so how much of a difference would 2gb vs 3gb make....my last phone was kinda trash 1gb i think?
[2016-08-13 17:27:17] rapidtrades : i don't have a reference point on the perf boost if any
[2016-08-13 17:27:54] laisee : more is better, but also depends on CPU
[2016-08-13 17:31:05] I-am-Legend : hi guys
[2016-08-13 17:31:13] I-am-Legend : what is the limit thing
[2016-08-13 17:31:55] BitMEX_Wally : https://www.bitmex.com/app/riskLimits
[2016-08-13 17:36:21] I-am-Legend : i want to place contract get message saying you have to increase limit i was at the first level
[2016-08-13 17:36:32] I-am-Legend : do i pay more going up to next level in fees
[2016-08-13 17:36:52] I-am-Legend : what is that system for protect against losses ?
[2016-08-13 17:39:44] CryptoWealth : BitMEX_Wally: Question: is the swap lending rate still paid out from longs to shorts?
[2016-08-13 17:41:23] BitMEX_Sam : I-am-Legend: You do not pay more fees, you are simply required to put up more margin
[2016-08-13 17:41:43] BitMEX_Sam : It effectively limits your maximum leverage if your position gets too large, which helps prevent excessively large liquidations that could cause DPE
[2016-08-13 17:45:03] CryptoWealth : BitMEX_Sam: Just want to make sure I understand all the settlement details. Perpetual swaps lock in profits or losses 3 times a day and swap fees are paid from longs to shorts. Am I correct in my understanding? Thanks
[2016-08-13 17:45:46] BitMEX_Sam : They lock in PNL once a day, funding is paid three times a day
[2016-08-13 17:46:18] BitMEX_Sam : So rebalance (lock in PNL) is every day at 12:00 UTC, funding is 12:00, 20:00, and 04:00
[2016-08-13 17:46:56] CryptoWealth : BitMEX_Sam: I see, and funding is still longs pay shorts to compensate for the fact that shorts still hold bitcoin?
[2016-08-13 17:47:51] BitMEX_Sam : Funding is an approximation of the daily futures premium you would pay on a traditional future
[2016-08-13 17:48:03] BitMEX_Sam : Both sides of the transaction are technically holding bitcoin.
[2016-08-13 17:51:24] CryptoWealth : BitMEX_Sam: True. I just want to make sure I understand the full details for a video. The system changed a bit since I was actively trading here a lot. From what I understand, if I'm in a short position I receive funding from longs? So if timed right I can use it as a means to create passive income. Thanks
[2016-08-13 17:52:03] BitMEX_Sam : Yes, that's correct. Now, there may be days where funding is negative, which simulates a basis swing. But it tends positive. See https://www.bitmex.com/app/fundingHistory
[2016-08-13 17:52:26] CryptoWealth : ok thanks
[2016-08-13 17:57:12] rapidtrades : BitMEX_Sam: do u think bitfinex outtage few weeks ago could have smth to do with the hack? seems too coincidental
[2016-08-13 17:57:51] BitMEX_Sam : rapidtrades: I've heard rumors that something may have been intercepted during the datacenter move, but nothing is confirmed.
[2016-08-13 17:58:28] rapidtrades : is that move done online?
[2016-08-13 17:59:45] BitMEX_Sam : I believe they set up a mirror dc then switched over, but there were issues with the switch. No info released on whether or not the data was transferred online or physically
[2016-08-13 18:01:11] rapidtrades : in any case it would be encrypted i would think?
[2016-08-13 18:01:24] rapidtrades : then again its bitfinex lol
[2016-08-13 18:01:56] rapidtrades : prolly sent it as email attachment
[2016-08-13 18:02:27] BitMEX_Sam : I'm sure they sent it over ssh/rsync if they did it online
[2016-08-13 18:03:33] Poop : how is realised profit and loss calculated
[2016-08-13 18:03:35] Poop : over time?
[2016-08-13 18:05:32] rapidtrades : BitMEX_Sam: how sure are u? because we were sure 95% of their coins were in cold storage
[2016-08-13 18:06:25] BitMEX_Sam : Well. I can't imagine doing it any other way. I doubt anyone with more than a month of sysadmin experience would do anything else. All speculation
[2016-08-13 18:06:36] BitMEX_Sam : Poop: Yes it is calculated in realtime.
[2016-08-13 18:07:18] rapidtrades : my instinct tells me they're guilty
[2016-08-13 18:07:19] BitMEX_Sam : It is calculated over the lifetime of the contract. So if you open and close a position, and open and close another one, it is the total of PNL for both.
[2016-08-13 18:07:40] rapidtrades : they either royally messed up or they were running some scheme in house
[2016-08-13 18:07:52] rapidtrades : insider trading, house bots etc
[2016-08-13 18:08:26] pigeons : The authenticity of host newdc.bitfinex.com cannot be established. ECDSA Key fingerprint blahh. Are you sure you want to continue connecting?
[2016-08-13 18:08:30] BitMEX_Sam : I can't speculate on that, we really don't know.
[2016-08-13 18:08:50] rapidtrades : they seem very desperate to avoid liquidation and outside parties getting involved
[2016-08-13 18:08:55] laisee : rapidtrades: it was known that BFX were using BitGo, therefore not Cold storage
[2016-08-13 18:09:02] rapidtrades : they're hiding smth
[2016-08-13 18:09:10] BitMEX_Sam : Well, they claimed (and continue to claim) that only 0.5% was hot in BitGo
[2016-08-13 18:09:16] rapidtrades : yes ^^^
[2016-08-13 18:09:23] BitMEX_Sam : https://www.bitfinex.com/security_policy
[2016-08-13 18:09:27] rapidtrades : the email said 'hot wallet' tho
[2016-08-13 18:09:31] rapidtrades : notice the ''
[2016-08-13 18:09:47] BitMEX_Sam : >>> Multi-sig Hot wallet Provided by BitGo (BitGo FAQ) Only holds minimal amounts (~0.5% of customer funds)
[2016-08-13 18:09:49] rapidtrades : but yeah the assumtion was that the rest was in cold
[2016-08-13 18:10:16] BitMEX_Sam : Yeah that's a very reasonable assumption from what that says.
[2016-08-13 18:11:20] laisee : "~" ... maybe 0.5% means 0.50 percent. not everyone is god at math ;-/
[2016-08-13 18:11:52] rapidtrades : cospiracy theory: okc and bitfinex were both running in house bots and got caught during that huge rally
[2016-08-13 18:12:17] rapidtrades : so they made a deal....okc to cap the premium will finex manufactured the outtage
[2016-08-13 18:12:24] laisee : both? but okc didn't invent big story?
[2016-08-13 18:12:32] rapidtrades : effectively killed the rally
[2016-08-13 18:12:55] rapidtrades : yeah just talking about of my ass here
[2016-08-13 18:13:12] rapidtrades : but shady ppl tend to stick together
[2016-08-13 18:13:25] laisee : gotta say BFX were pretty organized to get the BFX coin up and running while recovering from hack also.
[2016-08-13 18:13:40] rapidtrades : they had 10+ days?
[2016-08-13 18:14:11] rapidtrades : what's there to organize...just replaced 36% with fake tokens
[2016-08-13 18:14:15] laisee : 10 days to implement new coin while rebuilding all servers ... not easy
[2016-08-13 18:14:28] rapidtrades : it's not a coin just an item in their database
[2016-08-13 18:14:28] BitMEX_Sam : Extremely not easy
[2016-08-13 18:14:45] BitMEX_Sam : I don't believe it's possible to do a full security audit in that amount of time unless you already know for sure how the hack happened
[2016-08-13 18:15:01] rapidtrades : well that's reassuring