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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[2016-09-14 22:23:21] BitMEX_Sam : zanza: Yes, we released a major update today.
[2016-09-14 22:23:30] lockhedge : BitMEX_Sam: do you already have a market maker for zcash futures?
[2016-09-14 22:23:37] BitMEX_Sam : 590 commits over the last 3 months finally made it in. We've been doing internationalization behind the scenes.
[2016-09-14 22:23:52] BitMEX_Sam : lockhedge: Yes, we have one party that going to be there at launch, another on deck
[2016-09-14 22:24:01] BitMEX_Sam : It's a hard product to mm so don't expect tight spreads.
[2016-09-14 22:26:00] miramm1115 : BitMEX_Sam: grats Sam, localization is always such a pain
[2016-09-14 22:26:21] BitMEX_Sam : miramm1115: Oh it's terrible. And the site isn't yet 100%, we'll still squashing bugs, but it's very close.
[2016-09-14 22:26:36] BitMEX_Sam : This means we'll have Japanese and other langs in the near future though.
[2016-09-14 22:26:38] habibi : BitMEX_Sam: what the maintaince will be for 2x?
[2016-09-14 22:26:45] BitMEX_Sam : habibi: 25%
[2016-09-14 22:27:02] miramm1115 : Japanese as well, very nice! :+1:
[2016-09-14 22:27:28] BitMEX_Sam : We may lower it when auto-deleveraging hits, TBA.
[2016-09-14 22:29:40] miramm1115 : I had to localize our desktop software to Arabic, took 10 times longer than I thought. Right-to-left is tough :-(
[2016-09-14 22:30:27] BitMEX_Sam : Oh that's brutal.
[2016-09-14 22:30:46] BitMEX_Sam : I now have 100x more respect for apps that are translated, and completely understand why most don't bother.
[2016-09-14 22:33:00] miramm1115 : it doesn't pay off for small startups in most cases, unless there is a client who is ready to pay
[2016-09-14 22:33:38] BitMEX_Sam : This was a good video summing up my frustration: https://www.youtube.com/watch?v=0j74jcxSunY
[2016-09-14 23:31:24] miramm1115 : BitMEX_Sam: great video, thanks!
[2016-09-15 01:19:06] juan_ : Que onda, raza, una pregunta, porque es tan lento la carga de videos en linux mate?
[2016-09-15 01:25:35] subjective : Anyone has the exact time Zcash is launching here?
[2016-09-15 01:27:02] BitMEX_Greg : subjective: I'll get some more colour from Arthur when he's online, should be sometime day
[2016-09-15 02:25:50] coinrun : BitMEX_Greg: What time zone are you guys in?
[2016-09-15 02:25:59] coinrun : Regarding zcash release time
[2016-09-15 02:26:20] BitMEX_Sam : coinrun: When we announce an exact time it will be in UTC.
[2016-09-15 02:27:00] coinrun : Thanks
[2016-09-15 03:39:31] kingscrown : made steemit post about zcoin addin https://steemit.com/crypto-news/@kingscrown/zerocash-to-be-added-to-bitmex-trading-in-less-than-24h
[2016-09-15 04:34:05] omicron : BitMEX_Sam: hey guys checked out the chinese versin. looks pretty good
[2016-09-15 04:35:22] omicron : is this for simplified chinese? are you targeting mainland china
[2016-09-15 04:37:04] omicron : BitMEX_Sam: 590 commits total or just of i18n
[2016-09-15 04:37:54] BitMEX_Arthur : omicron: yes mainland China
[2016-09-15 04:38:20] BitMEX_Arthur : But now we can support a variety of languages as well
[2016-09-15 04:38:25] BitMEX_Wally : 590 commits for i18n
[2016-09-15 04:38:48] omicron : BitMEX_Arthur: congrats and great strategy
[2016-09-15 04:39:03] omicron : BitMEX_Wally: props to you guys, i18n is harder than diamond dick
[2016-09-15 04:43:01] omicron : BitMEX_Wally: Im guessing the chinese members of your team acted as translators?
[2016-09-15 04:43:11] omicron : i.e native chinese speakers
[2016-09-15 04:43:15] BitMEX_Wally : omicron: Yes
[2016-09-15 04:43:32] omicron : BitMEX_Wally: let me just say again: it has come out well.
[2016-09-15 04:43:54] BitMEX_Arthur : omicron: Sam will be very happy to hear that
[2016-09-15 04:43:58] BitMEX_Wally : Thanks :)
[2016-09-15 04:44:47] omicron : i really want you (or someone) to break the chinese exchange monopoly. so im sure all your users are rooting for you
[2016-09-15 04:50:20] makermoney2017 : hello where can i find zcash?
[2016-09-15 04:50:53] BitMEX_Wally : It will be here shortly
[2016-09-15 04:51:16] makermoney2017 : thanks
[2016-09-15 04:55:52] bubba : anyone know if the user count includes bot count
[2016-09-15 04:58:37] miramm1115 : bubba: I think it doesn't, I saw bot count > user count
[2016-09-15 04:59:27] bubba : how can they distinguish tho?
[2016-09-15 05:00:04] miramm1115 : API connection vs web endpoint?
[2016-09-15 05:02:15] omicron : so a lot of bots. im guessing market makers and/or coinigy and other interfaces
[2016-09-15 05:11:00] omicron : can rebalance and funding occur at different times? right now i see two clocks with the exact same time on the page header
[2016-09-15 05:30:15] BitMEX_Wally : Funding is every 8 hours, rebalance every 24 hours
[2016-09-15 07:04:28] BitMEX_Wally : ZECZ16 is open for trading: https://www.bitmex.com/app/trade/ZECZ16
[2016-09-15 07:07:48] s4lt : ayy
[2016-09-15 07:08:07] s4lt : Here come the zec futures :)
[2016-09-15 07:10:23] aethlios : I am buying 10000 zcash *0.0085 btc.
[2016-09-15 07:18:48] Boontjie : aethlios: Note: the official Zcash currency is non-existent until our October 28th launch. Only testnet coins exist and they carry no value.
[2016-09-15 07:21:11] omicron : wtf, so bitmex is offering contracts against testnet pricing?
[2016-09-15 07:21:32] BitMEX_Wally : The ZECZ16 future will be cash settled at the price of Zcash on 30th December
[2016-09-15 07:21:54] BitMEX_Wally : Real Zcash as traded on Poloniex
[2016-09-15 07:22:17] omicron : i meant why would anyone trade futures on a coin that does not exist
[2016-09-15 07:22:40] BitMEX_Wally : Precisely because the coin does not exist yet
[2016-09-15 07:23:03] BitMEX_Wally : Futures give you the benefit of going long or short, and leverage too
[2016-09-15 07:23:10] BitMEX_Wally : All margined and cash settled in Bitcoin
[2016-09-15 07:23:12] omicron : oh, so that they can pre-pump and dump
[2016-09-15 07:23:31] omicron : i get it.... dangerous game, but i get it
[2016-09-15 07:24:53] aethlios : omicron: now only testnet coins exist on the test network of zcash, but ZECZ16 is based on the real coin and it's price 30 of Dec.
[2016-09-15 07:25:33] omicron : so the pricing will switch from testnet to livenet as soon as zcash goes live?
[2016-09-15 07:25:41] Boontjie : I suppose if the development gets delayed you can just roll over the future
[2016-09-15 07:25:46] BitMEX_Wally : We're not using testnet pricing, that would be insane
[2016-09-15 07:26:14] BitMEX_Wally : This is a future on Zcash that will settled based on the price on 30th December
[2016-09-15 07:26:36] BitMEX_Wally : As there is no underlying spot price the contracts are marked to the last traded price of the future
[2016-09-15 07:26:41] omicron : so how do you compute index
[2016-09-15 07:26:49] omicron : if there is no spot
[2016-09-15 07:26:58] BitMEX_Wally : There is no index yet
[2016-09-15 07:27:00] aethlios : yes they can make a new contract expiring 30 june, but the risk of delay is priced in futures price
[2016-09-15 07:27:47] omicron : so index price is VWAP
[2016-09-15 07:28:17] BitMEX_Wally : The .ZECXBT30M index will be a 30 minute TWAP
[2016-09-15 07:28:30] BitMEX_Wally : Based on minutely snaps from Poloniex (or whatever the most liquid exchange is)
[2016-09-15 07:28:56] omicron : why twap instead of vwap
[2016-09-15 07:29:42] BitMEX_Wally : Makes it harder for a whale to manipulate the settlement price
[2016-09-15 07:29:51] BitMEX_Wally : Also easier for people to un-wind their hedges
[2016-09-15 07:30:41] omicron : maybe twap everything and get rid of spot indexes
[2016-09-15 07:32:32] BitMEX_Wally : We use a TWAP of spot
[2016-09-15 07:34:41] BitMEX_Wally : So to clarify, ZECZ16 is a future that will settle at the 30 minute TWAP price of ZECXBT on the most liquid spot exchange on 30th December 2016 at 12:00 UTC. In the mean time, for the purposes of unrealised PNL the contracts will be marked to the last traded price of the contract.
[2016-09-15 07:35:44] rapidtrades : wtf is zcash
[2016-09-15 07:35:59] BitMEX_Wally : rapidtrades: It's the future
[2016-09-15 07:36:05] rapidtrades : k
[2016-09-15 07:36:23] rapidtrades : stilll no news about buttfinex token?
[2016-09-15 07:37:38] omicron : zcash = bitcoin + monero
[2016-09-15 07:37:53] omicron : not exactly, but for simplification
[2016-09-15 07:38:01] rapidtrades : they said 15th but knowing finex they will f*ck up again
[2016-09-15 07:38:30] omicron : what do you guys think of finex? their coin has doubled in value
[2016-09-15 07:43:49] omicron : BitMEX_Wally: you really think zcash will replace bitcoin?
[2016-09-15 07:44:21] BitMEX_Wally : No idea but it looks like a promising technology
[2016-09-15 07:44:42] omicron : ya, i agree.
[2016-09-15 07:45:04] omicron : if the block time is short, theres no stopping it
[2016-09-15 07:53:21] miramm1115 : cool, I bought 5 zcash futures, will be rich in 3 month ;-)
[2016-09-15 07:56:26] aethlios : I think block time 2.5 minutes with 2mb per block, so 8 times more capacity than btc 4*2 mb
[2016-09-15 07:57:05] miramm1115 : ok, you convinced me, bought some more :-)
[2016-09-15 07:58:05] aethlios : miramm1115: maybe you buy expensive in this price. the game needs patience.
[2016-09-15 07:58:51] miramm1115 : the goal is to push the price up to 0.1-0.2 before trading starts, then unload all
[2016-09-15 08:00:02] miramm1115 : I just don't see anyone shorting this future, too dangerous
[2016-09-15 08:00:52] aethlios : miramm1115: that's agood strategy, maybe 30 to 50 usd on launch because on no supply, but fair price 5 usd for me (21 mill. coins *5= 100 mill.)
[2016-09-15 08:01:54] aethlios : miramm1115: yes because no index is wrong to short, or short 120 usd with well funded account.
[2016-09-15 08:04:51] BitMEX_Wally : The investors who have already bought in don't get their coins for a while after launch, so maybe they'll short the future to hedge their position
[2016-09-15 08:05:32] aethlios : BitMEX_Wally: http://buy.zeropond.com/
[2016-09-15 08:06:15] aethlios : BitMEX_Wally: also can buy a mining contract and arb selling the future, if you manage to mine below the future price, then you profit.
[2016-09-15 08:07:36] BitMEX_Wally : Will be interesting to see price discovery on the future
[2016-09-15 08:08:35] BitMEX_Wally : The bid offer spread is 5% which is tighter than I expected
[2016-09-15 08:16:14] Kra : LOOOOOLLL ZCASH ORDER BOOK now EMPTY!
[2016-09-15 08:16:18] Kra : amazing
[2016-09-15 08:17:34] Kra : hey why i cannot buy anymore ZCASH?
[2016-09-15 08:18:33] Kra : what's happening guys?
[2016-09-15 08:18:39] Kra : BitMEX_Wally: hello?
[2016-09-15 08:19:41] Kra : support?
[2016-09-15 08:19:52] Kra : backend manipulation happening?
[2016-09-15 08:19:54] BitMEX_Wally : It hit the limit up price, we'll re-adjust
[2016-09-15 08:20:03] Kra : oh ok
[2016-09-15 08:20:04] Kra : thanks
[2016-09-15 08:20:27] BitMEX_Wally : In order to prevent manipulation, we have a 20% limitUp/limitDown rule
[2016-09-15 08:20:36] Kra : mhhh... ok got it
[2016-09-15 08:21:04] aethlios : @BitMEX_Wally 20% from last 30 minute twap??
[2016-09-15 08:21:06] Kalman : BitMEX_Wally: the 'more details' link in the contract details gives a 404
[2016-09-15 08:21:14] Kalman : for zcash
[2016-09-15 08:21:40] BitMEX_Wally : Kalman: this page? https://www.bitmex.com/app/contract/ZECZ16
[2016-09-15 08:21:55] BitMEX_Wally : aethlios: It is 20% from the previous close price, which is the last traded price at the end of the 8 hour session
[2016-09-15 08:21:57] Kalman : yep
[2016-09-15 08:22:39] BitMEX_Wally : Kalman: Refresh your browser and let me know if it happens again?
[2016-09-15 08:23:34] Kra : again market for ZCASH stopped
[2016-09-15 08:23:43] Kra : ?
[2016-09-15 08:24:55] Kalman : BitMEX_Wally: fine
[2016-09-15 08:37:41] Kra : again i cannot buy zec
[2016-09-15 08:37:43] Kra : ....
[2016-09-15 08:38:31] zanza : This ZCash funding rate is insane
[2016-09-15 08:38:36] zanza : ate all mah profits
[2016-09-15 08:38:45] BitMEX_Wally : Kra: We've just widened the limit from 20% to 25%
[2016-09-15 08:38:59] BitMEX_Wally : zanza: ZECZ16 is a future, not a swap, there is no funding rate
[2016-09-15 08:39:09] zanza : R U SAYIN IM A LIAR
[2016-09-15 08:39:14] zanza : :)
[2016-09-15 08:39:39] BitMEX_Wally : I couldn't possibly fail to disagree with you less
[2016-09-15 09:00:27] habibi : BitMEX_Wally: any details about price up/down limits on zec ?
[2016-09-15 09:00:48] BitMEX_Wally : habibi: We're adjusting them manually, the goal is just to prevent manipulation
[2016-09-15 09:01:05] Boontjie : habibi: margin call looming :)
[2016-09-15 09:01:17] habibi : BitMEX_Wally: every 8 hours or every minute?
[2016-09-15 09:01:34] habibi : i mean continuously?
[2016-09-15 09:05:17] habibi : btw is there even a 1% chance to manipulate the funding to own benefits while being main mm at the same time ;p? if yes whats the reason u don't try to prevent that one :p?
[2016-09-15 09:05:22] BitMEX_Wally : The limitUp/limitDown is reset automatically around the session close price every 8 hours. But we are manually adjusting it at the moment to let it rise
[2016-09-15 09:05:53] miramm1115 : I watch one show and you guys pump zcash 100%? that's not bad
[2016-09-15 09:06:19] miramm1115 : maybe I should watch one more
[2016-09-15 09:06:37] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.05813 :punch: :whale:
[2016-09-15 09:10:07] aethlios : BitMEX_Wally: better use ZECXBT30M as limit up limit down 25%, so it can be dynamic.
[2016-09-15 09:10:35] BitMEX_Wally : `.ZECXBT30M` won't print until the spot market opens
[2016-09-15 09:18:37] klee : anyone knows the total zec coins that will be mined?
[2016-09-15 09:19:01] miramm1115 : klee: 21mln, same as bitcoin
[2016-09-15 09:19:27] klee : ridiculously overpriced so
[2016-09-15 09:19:32] klee : but ....
[2016-09-15 09:20:25] miramm1115 : 1 zcash = 1 bitcoin
[2016-09-15 09:20:30] Tetsuo : soon
[2016-09-15 09:20:33] aethlios : we are in a hyped zcash period, usally need 6 months for hype to go away
[2016-09-15 09:20:43] klee : 40$ now
[2016-09-15 09:20:46] klee : interesting
[2016-09-15 09:21:15] klee : I think no coin have ever reached parity with btc
[2016-09-15 09:21:28] klee : maybe I am wrong and why not zec? lol
[2016-09-15 09:21:35] klee : anything can happen
[2016-09-15 09:22:20] klee : around 850m market cap - 1bn should be resistance
[2016-09-15 09:22:30] Tetsuo : : - )
[2016-09-15 09:27:31] NRG0 : so what do we think the opening price will be when it opens on polo. guess??
[2016-09-15 09:27:57] Tetsuo : We are awaiting BTC parity within the first 2 days
[2016-09-15 09:34:32] klee : we?
[2016-09-15 09:35:02] klee : I will short at 0.1
[2016-09-15 09:35:04] klee : :P
[2016-09-15 09:38:06] NRG0 : nice
[2016-09-15 09:41:55] Kalman : Tetsuo: Where does BTC draw is value from?
[2016-09-15 09:42:55] Tetsuo : i wasn´t serious....
[2016-09-15 09:42:55] Kalman : ^its
[2016-09-15 09:43:24] Tetsuo : ^this
[2016-09-15 09:43:32] Tetsuo : oo tits
[2016-09-15 09:45:11] klee : lol
[2016-09-15 09:45:14] klee : and lol
[2016-09-15 09:45:37] klee : has zec a premine for the founders?
[2016-09-15 09:45:51] klee : maybe they will pump this here to offload expensive at Polo
[2016-09-15 09:48:21] BitMEX_Wally : The founders and investors of ZEC get allocated 10% of the block reward for the first 4 years I think
[2016-09-15 09:48:32] BitMEX_Wally : So it's like lots of little insta-mines
[2016-09-15 09:49:16] klee : so not much selling pressure
[2016-09-15 09:49:19] klee : good
[2016-09-15 09:49:22] klee : "Zcash funded development partially by pre-selling ZEC coins to investors. A portion of each block reward will be given to initial investors for a period of time. The spot market will be quite illiquid until enough blocks have been mined, and block rewards earned. Initial investors can forward sell their allotment of ZEC by selling futures contracts."
[2016-09-15 09:49:27] klee : just saw this
[2016-09-15 09:49:38] klee : any plans to add IOTA?
[2016-09-15 09:49:55] klee : I am eager to short this shit
[2016-09-15 09:53:53] klee : btw you are doing awesome job here guys (despite the fact that every time I trade here I get REKT :P )
[2016-09-15 09:55:15] BitMEX_Wally : Not heard of IOTA before. If people start talking about it we'll thinking about listing it
[2016-09-15 09:56:47] klee : oh you will...
[2016-09-15 09:57:05] klee : are you admin or the Boss here?
[2016-09-15 09:57:15] klee : I am the CryptXO founder
[2016-09-15 09:57:22] klee : working to make an ALT Index
[2016-09-15 09:57:33] klee : based on Relative Strength
[2016-09-15 09:57:51] klee : I was wondering if something like this could be traded here
[2016-09-15 09:57:54] BitMEX_Wally : I'm a co-founder along with Arthur and Sam
[2016-09-15 09:57:58] klee : nice
[2016-09-15 09:58:57] BitMEX_Wally : If you have an index we could launch a future or swap on it, given enough demand
[2016-09-15 09:59:39] klee : I will contact you
[2016-09-15 09:59:49] klee : if & when ready
[2016-09-15 10:00:19] klee : I am managing 160 btc right now from customers
[2016-09-15 10:00:43] klee : If this grows it would help ;)
[2016-09-15 10:00:54] BitMEX_Wally : klee: Great, you can email info@bitmex.com it goes straight to us
[2016-09-15 10:01:04] klee : (y)
[2016-09-15 10:01:32] klee : thx
[2016-09-15 10:05:05] ARMANI : LOL -40$ ZEC!
[2016-09-15 10:05:39] ARMANI : THX =)))
[2016-09-15 10:06:55] kdeath : g'day from sydney
[2016-09-15 10:07:12] kdeath : @Wally - great job on getting zcash up
[2016-09-15 10:08:14] BitMEX_Wally : No worries, just a bit of config
[2016-09-15 10:08:33] kdeath : someone needs to let the folks on reddit/r/ethtrader know about this instrument - plenty of latent trading demand whilst ETH is in a holding pattern
[2016-09-15 10:12:44] BitMEX_Arthur : kdeath: We definitely will
[2016-09-15 10:14:38] REKT : Only one ZEC REKT so far, we need to REKTify that!
[2016-09-15 10:16:17] kdeath : cool... could I ask what username the post will be from?
[2016-09-15 10:17:51] subjective : kdeath: good day from Sydney too
[2016-09-15 10:17:59] BitMEX_Arthur : Bitmexdotcom
[2016-09-15 10:18:30] kdeath : good o
[2016-09-15 10:19:08] BitMEX_Arthur : https://www.reddit.com/r/zec/comments/52v7mr/bitmex_launches_2x_leveraged_zcash_futures/?st=IT46OP0X&sh=d5942835
[2016-09-15 10:19:33] BitMEX_Arthur : Please upvote
[2016-09-15 10:21:25] Kra : and here wew go with ZEC
[2016-09-15 10:21:34] Kra : thanks for the support in this first rise up
[2016-09-15 10:21:36] Kra : ;)
[2016-09-15 10:22:03] Kra : i think ZEC will be 0.1 at least by this evening
[2016-09-15 10:22:06] Kra : ;)
[2016-09-15 10:23:50] subjective : When are they going to list Zcash on Polo
[2016-09-15 10:24:19] subjective : we are just playing Molopoly money until that happens
[2016-09-15 10:24:51] subjective : would this be another DAO price crash on arrival
[2016-09-15 10:27:25] Kra : i'm starting hating this things of buy orders stop cause of the limits
[2016-09-15 10:27:29] Kra : :(
[2016-09-15 10:28:50] kdeath : @subjective - profits to be made, even with monopoly money.... however, u gotta ask yourself is ZEC currently worth 4x XMR ?
[2016-09-15 10:29:17] Mm bot : or 3x ETH
[2016-09-15 10:29:38] kdeath : my 2c
[2016-09-15 10:30:00] kdeath : check out the zcash webpage.... impressive list of devs and VC investment
[2016-09-15 10:30:22] kdeath : Lord Vitalik himself is an advisor FWIW
[2016-09-15 10:30:35] Mm bot : Lol, I can't buy this any more. Because it is already on limit
[2016-09-15 10:31:38] breasal : Lots of ZEC hype, that's for sure....
[2016-09-15 10:31:46] Mm bot : There is only one direction Zcash can go, as no one can buy any more. Amazing
[2016-09-15 10:32:11] haxmb : what are the up down limits?
[2016-09-15 10:32:21] haxmb : and when is the price target shifted?
[2016-09-15 10:32:33] Kra : ZEC already got 3 limits
[2016-09-15 10:32:35] Kra : lol
[2016-09-15 10:32:45] Mm bot : 20%, no one can buy anymore. U can only short it
[2016-09-15 10:32:58] Kra : let's adjust it and we cna buy
[2016-09-15 10:33:00] haxmb : when does it update? Mm bot/Kra
[2016-09-15 10:33:10] Kra : i don't know
[2016-09-15 10:33:13] haxmb : ok
[2016-09-15 10:33:16] Kra : i asked before and they adjusted
[2016-09-15 10:33:19] Kra : i think manually
[2016-09-15 10:33:49] Kra : ZEC is going to be insane
[2016-09-15 10:33:51] Kra : trust me
[2016-09-15 10:33:52] Kra : ;)
[2016-09-15 10:34:07] kdeath : @Kra - rationale?
[2016-09-15 10:34:21] Kra : kdeath: what means?
[2016-09-15 10:34:44] haxmb : worth more than ETH?
[2016-09-15 10:34:48] Kra : sure
[2016-09-15 10:34:51] haxmb : that shit doesnt happen overnight
[2016-09-15 10:34:53] haxmb : you're insane
[2016-09-15 10:34:55] kdeath : @Kra - what's your thinking for ZEC insanity
[2016-09-15 10:34:56] Kra : eth revealed true sh*t
[2016-09-15 10:35:30] Kra : kdeath: i think at least 0.1
[2016-09-15 10:35:59] kdeath : @Kra - what are the drivers for zec?
[2016-09-15 10:36:23] kdeath : in your opinion
[2016-09-15 10:36:29] Kra : great dev, great idea, great tech
[2016-09-15 10:36:33] Kra : no ICO, only true mining
[2016-09-15 10:36:40] Kra : max anon system from scratch
[2016-09-15 10:37:24] Icarly : +1
[2016-09-15 10:37:41] kdeath : got it... and the price target is based on reach ~1bn market cap?
[2016-09-15 10:37:50] kdeath : *reaching
[2016-09-15 10:37:53] Kra : maybe ...
[2016-09-15 10:38:48] neverrazor : yoo
[2016-09-15 10:38:52] kdeath : anyone have an insight onto the ETA for Polo listing ZEC? I want to get in at the ground!
[2016-09-15 10:39:32] neverrazor : how can i change my trollbox name
[2016-09-15 10:40:26] BitMEX_Wally : neverrazor: I can change it for you now, or send an email to support@bitmex.com
[2016-09-15 10:40:53] neverrazor : yes please change it to Kahir
[2016-09-15 10:40:56] neverrazor : thanks <3
[2016-09-15 10:40:58] Mm bot : 30 Zcash buy pumps the price by 20%, that is the reason it is going up
[2016-09-15 10:41:03] Kra : BitMEX_Wally: hey wally, what about the limit on zec again ? :P
[2016-09-15 10:41:10] BitMEX_Wally : Kra: It's been raised
[2016-09-15 10:41:11] BitMEX_Wally : neverrazor: Done
[2016-09-15 10:41:26] Kra : cool
[2016-09-15 10:42:17] Mm bot : I don't think this is healthy, why bother with a limit when it is 300% up alreadt
[2016-09-15 10:42:33] Kahir : yo
[2016-09-15 10:42:36] Kahir : thanks man
[2016-09-15 10:43:31] BitMEX_Wally : Mm bot: Basically so someone can't crash it down 75% and cause liquidations
[2016-09-15 10:43:35] Icarly : What is the difference between "Size" and "Total"?
[2016-09-15 10:44:10] BitMEX_Wally : Icarly: In the order book, total is just a cumulative sum of the size
[2016-09-15 10:44:24] kdeath : @wally - how long do you foresee that the ZEC limits will be in place?
[2016-09-15 10:45:03] BitMEX_Wally : kdeath: While we are marking to last price, which will be until the spot markets open
[2016-09-15 10:45:26] Kra : when does the spot market will come live? do you know?
[2016-09-15 10:45:34] Mm bot : Let's pump another 300% to liquidate the shorts
[2016-09-15 10:45:41] BitMEX_Wally : Zcash needs to come live first.... who knows
[2016-09-15 10:45:51] BitMEX_Wally : End of October if all goes to plan
[2016-09-15 10:45:58] Kra : ok got it
[2016-09-15 10:45:58] haxmb : Kra: 28 october
[2016-09-15 10:46:10] Kra : so bring this sh*t to 0.5
[2016-09-15 10:47:15] Mm bot : This is Zcash casino until late Oct, put down your bets until someone short a large position
[2016-09-15 10:47:34] Kra : Mm bot: mhh nobody so stupid to do so
[2016-09-15 10:47:45] Kra : early buyers already got out for 2,5 X
[2016-09-15 10:48:13] greedyowl : Wally, any chance to see the ZEC candle sticks with balance 0 ? or do i have to logout then ?
[2016-09-15 10:48:15] Kra : now the floor is 0.06
[2016-09-15 10:50:39] BitMEX_Wally : greedyowl: Not sure I understand what you mean?
[2016-09-15 10:51:18] BitMEX_Wally : greedyowl: Ahh, before you make your first deposit the chart is replaced with your deposit address.
[2016-09-15 10:51:39] BitMEX_Wally : greedyowl: Click on your username top right and switch to Advanced dashboard layout
[2016-09-15 10:51:39] greedyowl : oh ok thats what i wanted to know
[2016-09-15 10:51:52] greedyowl : thank you
[2016-09-15 10:52:02] subjective : I think this is pretty unethical to allow a non existing asset to be traded where 5BTC can move the market that much, it is like bookmaking.
[2016-09-15 10:52:27] subjective : without a bookie to set the odds
[2016-09-15 10:52:50] haxmb : subjective: i completely agree
[2016-09-15 10:52:58] haxmb : usually Yobit does these kind of things
[2016-09-15 10:53:34] BitMEX_Wally : It's not non-existent, there are investors who have paid to go long, they just can't sell spot yet.
[2016-09-15 10:53:47] BitMEX_Wally : And the market seems to be quoting both sides
[2016-09-15 10:55:14] haxmb : the problem is non-existant supply
[2016-09-15 10:55:27] haxmb : anyone with a deep pocket can just move the market wherever he wants
[2016-09-15 10:58:01] BitMEX_Wally : With 50% initial margin requirement it is very expensive to push the market around
[2016-09-15 10:58:24] subjective : Wait, there is actually zero Zcash in existence, you can't mine this coin yet, you can only mine test net coins
[2016-09-15 10:59:34] subjective : that is why I am calling this unethical, you can at least transfer actual Augur/Digix token before they become traded on Polo
[2016-09-15 10:59:34] haxmb : they will only start receiving zcash once the network starts
[2016-09-15 11:00:20] BitMEX_Wally : There are OTC deals with Zcash investors happening already
[2016-09-15 11:00:27] subjective : anyway, those are either investor to the entity or Zcash mining operation
[2016-09-15 11:01:54] subjective : That are trading IOU-UIM (I own you until I mined) a coin
[2016-09-15 11:02:49] haxmb : whalepanda describes it here
[2016-09-15 11:02:49] haxmb : https://twitter.com/WhalePanda/status/776374960516366336
[2016-09-15 11:02:59] haxmb : if there are OTC deals going on
[2016-09-15 11:03:08] subjective : crypto heads are pushing things to another level.
[2016-09-15 11:03:12] haxmb : those are crazy futures
[2016-09-15 11:21:23] breasal : How did you determine the index price?
[2016-09-15 11:22:30] breasal : for ZEC that is...
[2016-09-15 11:23:59] breasal : chat bug or is everyone quite now? :)
[2016-09-15 11:24:51] BitMEX_Wally : breasal: There is no index price yet, we originally guessed it would open around $10 or $15
[2016-09-15 11:27:49] breasal : @BITMEX_Wally thanks...also is there a way to default 3 min interval when coming back to trade?
[2016-09-15 11:28:50] BitMEX_Wally : breasal: We don't support TWAP or VWAP algos if that's what you're asking. We have a full API though
[2016-09-15 11:30:02] breasal : no just on your advanced view platform...everytime I change tabs to account or references, etc and come back to trade, the default chart is 1D
[2016-09-15 11:32:07] BitMEX_Wally : Ahh, the chart should remember your preference
[2016-09-15 11:33:07] breasal : it was a bit wonky before but now it seems to remember settings....thanks
[2016-09-15 11:34:24] sleger : so zcash is already valued at 10% of bitcoin ?
[2016-09-15 11:34:37] sleger : sorry 7% ?
[2016-09-15 11:35:41] habibi : sleger: yea, insta mining, 21 milion coins in 1 day
[2016-09-15 11:39:22] habibi : with current price, and lets say 50$ market cap we are at 174th day of mining zcash.
[2016-09-15 11:49:52] sleger : we are at 7% market cap of bitcoin and that's crazy
[2016-09-15 11:50:10] habibi : marketcap is supply*price right?
[2016-09-15 11:50:18] sleger : congrats
[2016-09-15 11:50:23] habibi : so do ur math again :)
[2016-09-15 11:50:39] sleger : 21m coins ?
[2016-09-15 11:51:08] habibi : at 174th day of mining, zcash cap with current price will be at 50m $
[2016-09-15 11:51:13] habibi : more or less
[2016-09-15 11:51:50] sleger : i was looking at eventual total supply, ok
[2016-09-15 12:02:04] Kra : ZEC is still on testnet only
[2016-09-15 12:02:13] Kra : main net coins will com eout end of october
[2016-09-15 12:02:59] Kra : so this is the only source of trading for ZEC here
[2016-09-15 12:03:17] Kra : this means we can reach whatever price we want at this point until coins come on spot market such polo
[2016-09-15 12:03:19] Kra : ;)
[2016-09-15 12:03:46] Kra : i suppose we can reach 0.15 in few days
[2016-09-15 12:03:52] Kra : if not even by tomorrow
[2016-09-15 12:04:07] Kra : and also
[2016-09-15 12:04:13] Kra : most important thing for zec
[2016-09-15 12:04:25] Kra : no inflation until main net release :)
[2016-09-15 12:04:43] habibi : even then first 34 days are nothing and will become a big party for speculators
[2016-09-15 12:04:51] habibi : almost nothng*
[2016-09-15 12:05:27] Mm bot : Kra: sure, there are 0 coins there.
[2016-09-15 12:06:07] Kra : that's a nice way to push up initial price
[2016-09-15 12:06:16] Kra : hype will explode for this
[2016-09-15 12:17:22] habibi : BitMEX_Wally: could u change orderbook grouping values for zcash for better look
[2016-09-15 12:30:49] BitMEX_Sam : habibi: We're going to add more binning options. I'll ping you when that's live.
[2016-09-15 12:32:44] habibi : great, thanks
[2016-09-15 12:53:12] Slashterix : Am I reading this correctly? ZEC at ~$40?
[2016-09-15 12:53:53] BitMEX_Sam : Yeah, that's correct.
[2016-09-15 12:54:43] breasal : @Bitmex_Sam where did the initial sell tokens come from and how many?
[2016-09-15 12:54:52] breasal : ZEC
[2016-09-15 12:55:06] BitMEX_Sam : breasal: It's a cash-settled future - it will settle on the price of ZEC in December, which doesn't require anyone to hold tokens now.
[2016-09-15 12:55:16] BitMEX_Sam : There are no mainnet ZEC tokens of any kind anywhere, today.
[2016-09-15 12:55:46] BitMEX_Sam : Think of it like a pre-order.
[2016-09-15 12:56:06] Slashterix : What does it cost to hold the ZEC contract?
[2016-09-15 12:56:31] BitMEX_Sam : Slashterix: Nothing, so long as you still have the required margin until expiry.
[2016-09-15 12:56:52] Slashterix : Thanks
[2016-09-15 12:57:23] breasal : pre-order is mis-leading b/c contacts will never actually receive ZEC....as a cash future contract that is.
[2016-09-15 12:57:24] Slashterix : Price seems nuts at $40 per. That makes it the most expensive alt
[2016-09-15 12:57:51] BitMEX_Sam : breasal: Yes. But you'll receive the equivalent amount in Bitcoin.
[2016-09-15 12:58:19] BitMEX_Sam : I agree that the price seems very high. Many are very excited for Zcash.
[2016-09-15 12:59:11] Slashterix : So am I, considering it has the same supply curve as bitcoin + privacy
[2016-09-15 12:59:49] BitMEX_Sam : We've been running a few testnet nodes & a block explorer to get used to the tech.
[2016-09-15 13:00:05] BitMEX_Sam : We run https://zexplorer.com and https://zchain.info
[2016-09-15 13:00:29] Slashterix : awesome
[2016-09-15 13:01:21] sangzou : https://bitcointalk.org/index.php?topic=1342065.260 zcash has trusted setup it is a big concern
[2016-09-15 13:02:46] Slashterix : IPO was 1,000,000 USD for 2,102,400 ZEC or $0.476 cents per ZEC
[2016-09-15 13:03:29] Slashterix : Quite the ROI if they could sell now
[2016-09-15 13:05:05] BitMEX_Wally : Slashterix: Where are you getting those figures?
[2016-09-15 13:08:33] sangzou : https://blog.okturtles.com/2016/09/how-to-compromise-zcash-and-take-over-the-world/
[2016-09-15 13:10:44] sangzou : and http://weuse.cash/2016/06/09/btc-xmr-zcash/
[2016-09-15 13:11:29] BitMEX_Sam : habibi: More binning options now available on a refresh.
[2016-09-15 13:19:52] Slashterix : @BitMEX_Walley I got it from the forum
[2016-09-15 13:21:13] BitMEX_Wally : Slashterix: They publicly announced that they sold 1,000,000 USD but have not said the price, or how many ZEC. That 2,102,400 ZEC is still reserved for the founders, not the investors
[2016-09-15 13:31:33] Slashterix : Good to know, thanks for clarifying
[2016-09-15 13:35:22] sleger : BitMEX_Wally: there is an issue to switch back leverage to crossed for ZEC
[2016-09-15 13:35:44] sleger : it says "undefinedx"
[2016-09-15 13:35:50] BitMEX_Wally : Refresh your browser
[2016-09-15 13:35:54] BitMEX_Wally : And tell me if it still says that
[2016-09-15 13:36:07] sleger : ok works, thanks
[2016-09-15 13:36:25] BitMEX_Wally : You get an award for keeping the browser open for so long, Sam fixed that bug weeks ago :)
[2016-09-15 14:57:09] CaptainDean : Zcash already @ 0.07
[2016-09-15 14:57:52] REKT : Liquidated long on `LSKXBT`: Sell 1000 @ 0.000424
[2016-09-15 14:57:52] CaptainDean : that's insane
[2016-09-15 15:12:17] sleger : mark price is only last trade ? And that is what is used for liquidations ?
[2016-09-15 15:12:33] sleger : (did not find that info in https://www.bitmex.com/app/seriesGuide/ZEC)
[2016-09-15 15:13:14] BitMEX_Greg : sleger: Take a look in the Contract Specification: https://www.bitmex.com/app/contract/ZECZ16
[2016-09-15 15:31:53] rapidtrades : there's no liquidity on zcash
[2016-09-15 15:37:02] rapidtrades : oh look tokens crashing
[2016-09-15 15:44:38] rapidtrades : announcement coming soon i guess
[2016-09-15 15:45:32] habibi : crashing so much rapidtrades:D
[2016-09-15 15:52:35] REKT : Liquidated long on `XMR7D`: Sell 10 @ 0.016230
[2016-09-15 15:52:35] REKT : Liquidated long on `XMR7D`: Sell 24 @ 0.016227
[2016-09-15 16:14:34] giorgiom : wow zcash not yet live and already value at 7% bitcoin which is 8 years old
[2016-09-15 16:25:58] Slashterix : it's nuts. i'm reminded of the first ETH trading day
[2016-09-15 16:26:30] giorgiom : only imbeciles paying up that price
[2016-09-15 16:27:00] habibi : morons :D do u see hype around zcash? do u know how many coins will be after 30 days from start there?
[2016-09-15 16:27:44] giorgiom : yup, and i know a lot of pigs are gonna get slaughtered
[2016-09-15 16:28:52] habibi : i really dont expect market cap of zcash be less than 20 milions $ after first 30 days
[2016-09-15 16:29:04] habibi : of mining
[2016-09-15 16:29:22] habibi : and pigs are slaughtered every day, its crypto
[2016-09-15 16:35:01] XMRer : This place needs to improve on its once a day withdrawal. That is complete BS
[2016-09-15 16:36:06] BitMEX_Greg : XMRer: Is there something I can help you with? We do withdrawals once a day for security purposes out of our cold wallet
[2016-09-15 16:36:14] habibi : hacks are complete bullshits, not exchanges that are avoiding that at all costs
[2016-09-15 16:36:50] XMRer : well after tomorrow i won't be trading here until withdrawal time improve. Goodbye
[2016-09-15 16:37:53] habibi : see ya <3
[2016-09-15 16:38:40] skooliice : I got 10 contracts of zec that he didn't even look at withdrawal process before trading
[2016-09-15 16:39:03] sleger : BitMEX_Greg: you do manual withdrawals for security purposes. The once a day is because you have limited staff to process them because they are manual. You could well do 2-3 times per day with same security level
[2016-09-15 16:40:26] XMRer : exactly sleger this place is a joke
[2016-09-15 16:40:39] XMRer : no vol no staff no nothing
[2016-09-15 16:40:55] lockhedge : "limited staff" with access to private keys might be as well for security purposes. wasn't gatecoin an inside job?
[2016-09-15 16:41:16] BitMEX_Greg : XMRer: We have someone covering the trollbox 24/7. When has one of your requests gone unnoticed?
[2016-09-15 16:41:20] XMRer : come off the crap lockhedge
[2016-09-15 16:41:30] XMRer : if they that scared they dont need to be in business
[2016-09-15 16:43:39] sleger : BitMEX_Greg: When I had bigger positions here the once a day withdrawal was also a limiting factor because it made running arbs between exchanges harder
[2016-09-15 16:44:02] sleger : you could well do twice a day if you are interested in getting that kind of business.
[2016-09-15 16:44:10] BitMEX_Greg : So sorry to hear that sleger
[2016-09-15 16:44:15] BitMEX_Greg : Will look into it for you
[2016-09-15 16:45:03] REKT : Liquidated long on `XBJ24H`: Sell 26 @ 62223.0
[2016-09-15 16:45:32] sleger : no, not for me, do it for the others that want to do that, I wont anymore.
[2016-09-15 16:46:05] BitMEX_Greg : understood
[2016-09-15 16:48:19] BitMEX_Sam : Limiting access to the company's private keys is of course by design. Once a day is simply a consequence of that.
[2016-09-15 16:49:26] BitMEX_Sam : It would be irresponsible to give keys to a larger staff in order to process withdrawals more often, and even a hybrid hot/cold wallet runs the risk of compromise unless it is very carefully designed.
[2016-09-15 16:50:34] sleger : agreed, I wouldnt trust Greg either ;)
[2016-09-15 16:57:58] lockhedge : sleger: if they trust Greg they would have to change to a 2-of-4 multisig which already increases the possibility of getting compromised (alternatively Greg could only substitute one partner who shares his complete set of private keys with him)
[2016-09-15 17:08:07] REKT : Liquidated long on `XMR7D`: Sell 2 @ 0.015530 :punch: :whale:
[2016-09-15 17:18:40] aethlios : xmr in de-hyped motion, zcash hyped period started, so opportunity to buy cheap xmr during that period.
[2016-09-15 17:25:54] habibi : BitMEX_Sam: people can't buy zcash right now from book :( increase up limit for them
[2016-09-15 17:26:36] BitMEX_Sam : The limit up/down is intentional, new limits will be in 2h:33.
[2016-09-15 17:29:33] aethlios : hungry delusional buyers never learn.
[2016-09-15 17:31:01] QuantFocus : we going to see a 12/31 future on xbt?
[2016-09-15 17:33:01] omicron : BitMEX_Sam: what limit? we cant buy anymore?
[2016-09-15 17:33:17] aethlios : I think bfx market halted???? announcement soon????
[2016-09-15 17:33:18] BitMEX_Greg : omicron: There are up/down limits in place to prevent manipulation
[2016-09-15 17:34:47] BitMEX_Greg : aethlios: Yeah I don't see any market either on Bitfinex
[2016-09-15 17:35:27] lockhedge : BitMEX_Greg: could you please make these limits visible in the contract specifications
[2016-09-15 17:36:10] BitMEX_Sam : lockhedge: You are correct, this is something we removed from the specs a while ago because no products used it - the limit up/down is from the old XBU days
[2016-09-15 17:36:15] BitMEX_Sam : I'll make sure it's back on the page.
[2016-09-15 17:36:38] Kalman : aethlios: looks like
[2016-09-15 17:37:15] aethlios : I hope above 1 usd tonight.
[2016-09-15 17:39:18] sleger : where was the last annoucement from finex made first ?
[2016-09-15 17:39:46] BitMEX_Sam : Bitfinex BFX market is still trading, could be book glitch
[2016-09-15 17:39:58] aethlios : bfx trades happen but no orderbook
[2016-09-15 17:40:05] BitMEX_Sam : Dumping a bit
[2016-09-15 17:46:36] Kalman : aethlios: just a site update
[2016-09-15 18:16:09] XMRer : how do i close my account?
[2016-09-15 18:16:51] sleger : see the cross on the top left or right ?
[2016-09-15 18:17:43] XMRer : no
[2016-09-15 18:24:49] XMRer : not close my browser...I want to close my account here. I have made my withdrawal. I will go elsewhere until things get better her
[2016-09-15 18:24:51] XMRer : here
[2016-09-15 18:27:31] habibi : we already heard that, u really wanna hear us begging u to stay?
[2016-09-15 18:29:21] habibi : please stay, pleeease, we didnt take all ur money yet
[2016-09-15 18:29:30] justinlooking : lol
[2016-09-15 18:30:47] XMRer : habibi: you some kind of isis terrorist or something
[2016-09-15 18:31:10] XMRer : or camel humper?
[2016-09-15 18:31:31] XMRer : sand nagger?
[2016-09-15 18:31:57] XMRer : If i rub my lamp will you jump out of it?
[2016-09-15 18:33:42] habibi : u still here? :D
[2016-09-15 18:34:01] XMRer : waiting on yo momma to come over
[2016-09-15 18:34:27] habibi : oh i see that argument style, wait a moment i will call for good talker
[2016-09-15 18:34:27] XMRer : she gone do one of that arabian dances for me
[2016-09-15 18:34:29] habibi : rapidtrades: u there?
[2016-09-15 18:35:32] XMRer : شيطان
[2016-09-15 18:37:36] sleger : "but what about the stuff that really matters, the BFX token details?" "We plan to have that up today as stated in the update last Friday."
[2016-09-15 18:38:44] XMRer : I agree with you sleger... This place needs alot of work. Its a nice platform- But it is poorly maintained.
[2016-09-15 18:40:17] aethlios : where finex says: "We plan to have that up today as stated in the update last Friday." Already 16 Sept. Hong Kong
[2016-09-15 18:42:15] sleger : that was from zane who is based on the west coast US i believe
[2016-09-15 18:46:20] ScottJ : BitMEX_Sam: what are the chances of listing an IOTA futures market? WIll be on exchanges in a month or so, would be good if you got in there first.
[2016-09-15 18:51:08] BitMEX_Greg : ScottJ: I havn't heard about IOTA before, what is the coin about?
[2016-09-15 18:56:30] ScottJ : It's a new crypto that is based on a new type of blockchain - the tangle or a DAG (directed acyclic graph)- it designed to be the backbone of the internet of things. You can send transactions (of even just 1 IOTA) for literally zero fees. It is quantum proof. Confirmations take seconds in the future (few mins atm) The more people that use it the faster it works.
[2016-09-15 18:57:01] ScottJ : It solves many of the big problems in crypto. The devs are said to have some big companies on board
[2016-09-15 18:58:23] BitMEX_Greg : Cool we will take a look at it
[2016-09-15 19:00:04] ScottJ : iotatoken.com
[2016-09-15 19:00:09] ScottJ : cool, thanks
[2016-09-15 19:33:05] omicron : did xbt vol just drop to half the usual?
[2016-09-15 19:33:25] Mastodon : What's a Bitcoin?
[2016-09-15 19:33:25] omicron : i noticed that happen right after i18n, possible bug?
[2016-09-15 19:34:02] omicron : or is everyone trading zcash now
[2016-09-15 19:39:45] Kalman : Mastodon: www.youtube.com/watch?v=Gc2en3nHxA4
[2016-09-15 19:40:01] Kalman : Mastodon: www.youtube.com/watch?v=Lx9zgZCMqXE
[2016-09-15 19:42:05] rapidtrades : how can u trade zcash it has almot no liquidty here