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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[2016-10-28 21:50:23] Smartass : sry guys but zec is going to hell now
[2016-10-28 21:50:33] wurstgelee : but will happen if wall gets removed when polo is within limits
[2016-10-28 21:50:43] Smartass : you can clearly see this on polo
[2016-10-28 21:50:49] wurstgelee : aethlios: thats why u switch sides like a motherfucker
[2016-10-28 21:50:51] rapidtrades : clearly
[2016-10-28 21:50:52] wurstgelee : :)
[2016-10-28 21:50:53] Coach_Z : wurst, it will be below 10 on polo in a few hours
[2016-10-28 21:50:57] Coach_Z : and trending down
[2016-10-28 21:51:03] rapidtrades : wurstgelee: never trust the greeks
[2016-10-28 21:51:14] wurstgelee : rapidtrades: i have to. i am one ;)
[2016-10-28 21:51:22] Coach_Z : we started with zero supply
[2016-10-28 21:51:24] rapidtrades : no shit...
[2016-10-28 21:51:25] wurstgelee : not socially akward tho
[2016-10-28 21:51:28] wurstgelee : luckily
[2016-10-28 21:51:33] wurstgelee : =)
[2016-10-28 21:51:35] Coach_Z : markets are rarely like this
[2016-10-28 21:51:36] rapidtrades : i thought u were german
[2016-10-28 21:51:50] aethlios : Beware of Greeks bearing gifts
[2016-10-28 21:51:50] wurstgelee : which translates to socially awkward?
[2016-10-28 21:51:53] wurstgelee : :p
[2016-10-28 21:51:53] Coach_Z : this was a great test of supply and demand
[2016-10-28 21:51:58] Smartass : and not to forget right now there are 4,5 Zecs on polo within the next 20 hours there will be 104 Zecs... 20x
[2016-10-28 21:52:01] wurstgelee : but yes, german
[2016-10-28 21:52:29] rapidtrades : Smartass: so? still 78 btc in bids until 10
[2016-10-28 21:52:30] HostFat : admins, everyone know the current status of the market, so you should make a count down of 20/30 minutes, and then remove the wall
[2016-10-28 21:52:32] wurstgelee : guys, you are celebrating too early.....
[2016-10-28 21:52:36] zfan : gently caress me, I missed the 10 wall
[2016-10-28 21:52:38] wurstgelee : still 18+ at polo
[2016-10-28 21:52:45] Smartass : wurstgelee: ihigh five me too
[2016-10-28 21:52:47] Cheese : prob be 100x more people buying it
[2016-10-28 21:52:53] wurstgelee : Smartass: ;)
[2016-10-28 21:53:14] Smartass : i knew because of your name ;)
[2016-10-28 21:53:23] zfan : anybody shorted at 10?
[2016-10-28 21:53:24] Kra : $ZEC Cloud Mining: https://www.zerocashcloud.com Join now amazing profitability! The only one with Hash market & Free faucet for users!!
[2016-10-28 21:53:36] wurstgelee : yeah, pretty obvious i guess
[2016-10-28 21:53:49] wurstgelee : non germans dont usually identify it as a german nick. germans do
[2016-10-28 21:53:49] wurstgelee : ;)
[2016-10-28 21:53:51] rapidtrades : weird....10 is floor on polo but ceiling here
[2016-10-28 21:54:49] Smartass : well not all ;)
[2016-10-28 21:54:55] wurstgelee : @mr gorbachev: tear down that wall!
[2016-10-28 21:54:56] wurstgelee : :/
[2016-10-28 21:55:02] wurstgelee : ffs
[2016-10-28 21:55:07] Smartass : wurstgelee: haha
[2016-10-28 21:55:20] rapidtrades : guys
[2016-10-28 21:55:26] wurstgelee : a little history while we wait :)
[2016-10-28 21:55:28] KETH : annnnd 3h passed
[2016-10-28 21:55:36] wurstgelee : for "the discussion"
[2016-10-28 21:55:38] rapidtrades : srsly bitmex
[2016-10-28 21:55:43] rapidtrades : stop f*cking around
[2016-10-28 21:55:49] wurstgelee : 3h....no decision..
[2016-10-28 21:55:53] wurstgelee : admins ffs
[2016-10-28 21:56:13] wurstgelee : u cant really possibly plan to wait it out, are you?
[2016-10-28 21:56:24] BitMEX_Sam : @everyone: The caps will remain in place until we mark ZEC to an index.
[2016-10-28 21:56:25] rapidtrades : lol
[2016-10-28 21:56:30] rapidtrades : wtf
[2016-10-28 21:56:32] rapidtrades : damn u
[2016-10-28 21:56:33] wurstgelee : BitMEX_Sam: ???
[2016-10-28 21:56:34] Kra : $ZEC Cloud Mining: https://www.zerocashcloud.com Join now amazing profitability! The only one with Hash market & Free faucet for users!
[2016-10-28 21:56:36] wurstgelee : it is marked?
[2016-10-28 21:56:40] wurstgelee : to polo?
[2016-10-28 21:56:42] wurstgelee : right now?
[2016-10-28 21:56:44] rapidtrades : nope
[2016-10-28 21:56:52] BitMEX_Sam : No, there is an index price, and that index is polo, but it is not marked to it.
[2016-10-28 21:56:55] rapidtrades : guess we go home now
[2016-10-28 21:56:57] aili : BitMEX_Sam: and when will that happen?
[2016-10-28 21:57:01] MrRGnome : BitMEX_Sam: What conditions need to be met before you will mark to index?
[2016-10-28 21:57:01] wurstgelee : BitMEX_Sam: any explanations why?
[2016-10-28 21:57:02] BitMEX_Sam : If it were, people would be margined at 19 BTC/ZEC.
[2016-10-28 21:57:12] rapidtrades : good
[2016-10-28 21:57:16] zanza : sounds good to me
[2016-10-28 21:57:22] rapidtrades : +1
[2016-10-28 21:57:23] wurstgelee : @BitMEX_Sam which would be correct. they should have been margined way higher....
[2016-10-28 21:57:24] wurstgelee : :/
[2016-10-28 21:57:27] BitMEX_Sam : MrRGnome: We are looking for healthy supply - right now there is still < 5 ZEC on the ask at Polo.
[2016-10-28 21:57:31] Smartass : good clear and consistent
[2016-10-28 21:57:41] MrRGnome : Thanks. I agree with your decision though you'll get a ton of flak
[2016-10-28 21:57:44] kryptopojken : BitMEX_Sam: can u give a rough estimate?
[2016-10-28 21:57:52] kryptopojken : cuz we all know the supply these coming days
[2016-10-28 21:57:56] BitMEX_Sam : We don't believe this price reflects any sort of reality and is purely due to FOMO and constrained supply. But we understand that whichever way we decided on this, there would be resistance.
[2016-10-28 21:58:11] wurstgelee : BitMEX_Sam: ok, since that is set anyways.... any compensations for those longs that got fucked and mc'ed by sleger due to that wall?
[2016-10-28 21:58:14] BitMEX_Sam : kryptopojken: We don't have an exact number but we are looking for at least 1000 ZEC/day in volume before we will consider marking.
[2016-10-28 21:58:18] MrRGnome : Major cred in my books, this isn't the woodchipper
[2016-10-28 21:58:19] rapidtrades : BitMEX_Sam: then short it...don't cap the price
[2016-10-28 21:58:23] shapeshifter : BitMEX_Sam: you should have said before people placed orders
[2016-10-28 21:58:31] rapidtrades : this is bullshit
[2016-10-28 21:58:32] shapeshifter : BitMEX_Sam: not after, not fair
[2016-10-28 21:58:37] Smartass : BitMEX_Sam: good
[2016-10-28 21:58:41] KETH : and what about the we remove cap oh wait no. Shoul I keep my caped long ?
[2016-10-28 21:58:41] wurstgelee : *before anyone knew about this wall?
[2016-10-28 21:58:46] wurstgelee : those longs...
[2016-10-28 21:58:49] aili : whats done is done
[2016-10-28 21:58:51] zfan : BitMEX_Sam: sounds logical, bitmex is now the most liquid one
[2016-10-28 21:58:52] BitMEX_Sam : I understand this is not a desirable decision, but we were stuck between users who had found the cap and made trading decisions, and those who did not.
[2016-10-28 21:58:56] aili : firget it guys
[2016-10-28 21:59:16] BitMEX_Sam : There is no way to please everyone on this and we regret that. If you have a specific grievance please email us at support@bitmex.com
[2016-10-28 21:59:31] KETH : yeah enjoy the 10btc long
[2016-10-28 21:59:31] shapeshifter : BitMEX_Sam: nobody knew about the cap, so it should not be in place. Ppl who shorted didnt know to have a parachute
[2016-10-28 21:59:35] wurstgelee : well......i have. lol. roughly 10 btc of grievance :p
[2016-10-28 21:59:43] rapidtrades : lol
[2016-10-28 21:59:44] wurstgelee : yeah whatever...its done.
[2016-10-28 21:59:54] wurstgelee : still made a couple of dozens today
[2016-10-28 22:00:04] BitMEX_Sam : shapeshifter: That's untrue, there was chat about it hours before we hit. Not everyone was reading every line in the chat which is why it became such an inconsistent situation
[2016-10-28 22:00:21] BitMEX_Sam : Which is why this decision did not come easily.
[2016-10-28 22:00:28] rapidtrades : BitMEX_Sam: then u should've fixed it then
[2016-10-28 22:00:39] shapeshifter : BitMEX_Sam: you should make an announcement if a cap is in place, not in chat
[2016-10-28 22:00:42] wurstgelee : BitMEX_Sam: what rapidtrades says
[2016-10-28 22:01:17] wurstgelee : BitMEX_Sam: you are altering a contract after both parties agreed and acted on it... :/
[2016-10-28 22:01:27] HostFat : make a countdown on the news for the next 30 minutes
[2016-10-28 22:01:29] HostFat : and then remove it
[2016-10-28 22:01:39] Smartass : @BitMEX_Sam what @shapeshifter said not good to "announce in chat"
[2016-10-28 22:01:41] BitMEX_Sam : wurstgelee: Didn't you just say you intentionally longed in order to make a stronger grievance against us? Let's be honest with each other.
[2016-10-28 22:01:43] Cheese : BitMEX_Sam: bitmex_xxx support said the "cap was being lifted in 8min"
[2016-10-28 22:01:46] rapidtrades : so the cap will remain in place for the next few days
[2016-10-28 22:02:00] wurstgelee : BitMEX_Sam: that was the second one. also i said "part of me"
[2016-10-28 22:02:00] rapidtrades : until we hit 5000 zec
[2016-10-28 22:02:05] wurstgelee : that wasnt the real reason ofc
[2016-10-28 22:02:06] BitMEX_Sam : Yes. We will announce when we are ready to mark.
[2016-10-28 22:02:07] rapidtrades : major bullshit
[2016-10-28 22:02:24] orly : according to my email history, it took kraken exactly 1 week to add margin trading support for the last coin (REP)
[2016-10-28 22:02:27] wurstgelee : i still thought you cant possibly keep a wall which is not mentioned in a contract i agree to when opening that position
[2016-10-28 22:02:30] wurstgelee : BitMEX_Sam:
[2016-10-28 22:02:31] mjmj83 : Any estimatiosn for the marking of the index?
[2016-10-28 22:02:32] wurstgelee : thats why
[2016-10-28 22:02:47] Kra : Hi, can we have a talk about ZeroCashCloud.com? I know is full popping of scam around but we are legit and time will prove. Just give us the chance of show this :)
[2016-10-28 22:02:49] wurstgelee : the "part of me" was a joke
[2016-10-28 22:02:51] BitMEX_Sam : mjmj83: Please see above, we are looking for at least 1000 ZEC volume before we will consider it.
[2016-10-28 22:02:54] MrRGnome : BitMEX_Sam: is the contract size being changed? How is anyone going to create resistence if a contract costs 20 btc?
[2016-10-28 22:02:58] BitMEX_Sam : @Kra: Enjoy your ban
[2016-10-28 22:03:06] Kra : wut?
[2016-10-28 22:03:07] rapidtrades : BitMEX_Sam: i thught it was 5k?
[2016-10-28 22:03:09] shapeshifter : BitMEX_Sam: ok can we know now what are the criteria of you marking to Polo, or shall we just look at the chat till you are ready to?
[2016-10-28 22:03:14] MrRGnome : Takes a LOT to get a ban out of Sam, damn.
[2016-10-28 22:03:40] BitMEX_Sam : shapeshifter: We will give a full day's notice before this transition.
[2016-10-28 22:03:48] rapidtrades : ok let's go to bed then
[2016-10-28 22:04:01] Cheese : BitMEX_Sam: want about the 8min notice
[2016-10-28 22:04:02] HostFat : damn
[2016-10-28 22:04:06] BitMEX_Sam : MrRGnome: We are aware of the contract size - unfortunately it is not possible to change the size of a contract in-flight. We may consider doing a smaller cont in the future.
[2016-10-28 22:04:17] BitMEX_Sam : Cheese: We have your ticket, we will be gathering more information and will get back to you.
[2016-10-28 22:04:21] BitMEX_Sam : That notice was made in error.
[2016-10-28 22:04:30] wurstgelee : BitMEX_Sam: so..about that altering a contract after both parties agreed on it-thing..? at least a comment maybe? am i wrong?
[2016-10-28 22:04:54] MCT : BitMEX_Sam: When is mark price for zcash being added?
[2016-10-28 22:04:54] mjmj83 : BitMEX_Sam: you mean 1000ZEC on polo price?
[2016-10-28 22:05:09] BitMEX_Sam : mjmj83: Or whichever spot exchange is most liquid.
[2016-10-28 22:05:15] mjmj83 : Allright
[2016-10-28 22:05:19] mjmj83 : Thanks.
[2016-10-28 22:05:24] MrRGnome : MCT: When there is significant volume at reference exchanges i.e. > 1000ZEC
[2016-10-28 22:05:28] BitMEX_Sam : wurstgelee: Technically this is how the contract has been since inception, this was plain to see if you attempted a higher sell, but it was our omission that this was not in the specs
[2016-10-28 22:05:46] BitMEX_Sam : So it is not a change but rather our failure to put this in the contract details.
[2016-10-28 22:05:47] KETH : @Sam: I will also open a ticket for that 8min notice. Shoul I keep the long I bought because of it or not ?
[2016-10-28 22:06:01] BitMEX_Sam : I'm not deflecting blame - we made a mistake here - but this is where we are @wurstgelee
[2016-10-28 22:06:01] wurstgelee : BitMEX_Sam: well..technically...not mentioned=no spec? since its a contract?
[2016-10-28 22:06:11] rapidtrades : BitMEX_Sam: but u admitted earlier that it wa technical limitation
[2016-10-28 22:06:17] rapidtrades : so a bug
[2016-10-28 22:06:22] wurstgelee : BitMEX_Sam: u could at least admit that u are doing it :p for those positions currently open ofc ;)
[2016-10-28 22:06:23] rapidtrades : it wasn't hard-coded as 10
[2016-10-28 22:06:26] wurstgelee : the altering thing
[2016-10-28 22:06:31] BitMEX_Sam : rapidtrades: It was not intended to be present, but that does not mean it can't be changed.
[2016-10-28 22:06:33] Warz : Have I got this right? The 10 BTC limit will be lifted once poloniex (or other exchange) is trading > 1000 ZEC daily, and it will be a notice 24 hours in advance that the limit will be lifted?
[2016-10-28 22:06:43] BitMEX_Sam : Warz: Yes
[2016-10-28 22:06:55] Warz : BitMEX_Sam: thanks
[2016-10-28 22:07:10] Warz : BitMEX_Sam: does that mean, if my liqudation price is higher than 10 btc i can't lose while the limit is there?
[2016-10-28 22:07:24] BitMEX_Sam : Technically yes that is true while the limit is in place.
[2016-10-28 22:07:30] Warz : ok
[2016-10-28 22:07:41] wurstgelee : lolz
[2016-10-28 22:07:48] KETH : BitMEX_Sam: I will also open a ticket for that 8min notice. Should I keep the long I bought ?
[2016-10-28 22:07:51] wurstgelee : great, now we have shorts in god mode
[2016-10-28 22:07:52] wurstgelee : :D
[2016-10-28 22:08:02] HostFat : lol
[2016-10-28 22:08:09] BitMEX_Sam : Again I apologize everyone - I am not happy with how this ended up either - we were not expecting this cap to ever be reached so it was not a concern
[2016-10-28 22:08:18] BitMEX_Sam : KETH: That is your own decision based on the information I have given you
[2016-10-28 22:08:38] HostFat : "we were not expecting this cap to ever be reached so it was not a concern" then it wasn't a bug
[2016-10-28 22:08:49] HostFat : are there other limits on the other markets?
[2016-10-28 22:08:57] rapidtrades : save ur trading history everyone
[2016-10-28 22:08:58] HostFat : I mean, hidden limits
[2016-10-28 22:09:06] BitMEX_Sam : Yes, other alts with tiny tick sizes also have a cap at 10 XBT.
[2016-10-28 22:09:21] rapidtrades : lol great
[2016-10-28 22:09:25] HostFat : lol
[2016-10-28 22:09:28] GreedyGoblin : BitMEX_Sam: in the "Full Contract Details" https://www.bitmex.com/app/contract/ZECZ16 is still no mentioning of the 10 XBT price cap. Or am I missing it? At least put it in now, so nobody is surprised next time, should it be reached again.
[2016-10-28 22:09:28] BitMEX_Sam : This is something we plan to remove.
[2016-10-28 22:09:31] wurstgelee : BitMEX_Sam: fyi: i hold no grudge, i am pissed about losing 10 btc due to a mistake not made by me. i dont really blame you guys tho. mistakes happen.
[2016-10-28 22:09:35] aethlios : long live the cap, saved us today!
[2016-10-28 22:09:42] wurstgelee : i am just pissed it happened
[2016-10-28 22:09:43] wurstgelee : ;)
[2016-10-28 22:09:44] BitMEX_Sam : GreedyGoblin: I am going to add an announcement to the header in the meantime.
[2016-10-28 22:10:18] aethlios : I was calling for a cap days before, at the end we needed it.
[2016-10-28 22:10:19] wurstgelee : BitMEX_Sam: also i am still up a middle class car today due to that zec madness. so all is fine
[2016-10-28 22:10:32] Smartass : wurstgelee: but i was grieving the whole time too that i didn't read about the cap and shorted at that price....
[2016-10-28 22:10:44] BitMEX_Wally : Just to confirm, instruments that are priced in XBT or ETH currently have a maxPrice of 10. Instruments priced in USD or CNY or JPY have a maxPrice of 1000000
[2016-10-28 22:10:54] BitMEX_Wally : There is also a maxOrderQty of 10000000
[2016-10-28 22:11:07] Smartass : before that i was grieving that ai didn't keep my 4 contracts and made 40btc and so on..
[2016-10-28 22:11:28] MCT : BitMEX_Wally: when will there be mark price on ZEC?
[2016-10-28 22:11:45] wurstgelee : MCT: when polo reaches 200 zec daily volume iirc
[2016-10-28 22:11:49] wurstgelee : correct?
[2016-10-28 22:11:50] wurstgelee : 2000
[2016-10-28 22:11:57] BitMEX_Wally : Once we are satisfied there spot market is liquid
[2016-10-28 22:12:16] wurstgelee : BitMEX_Wally: sam said 2000 or something a few minutes ago?
[2016-10-28 22:12:17] BitMEX_Wally : One requirement is at least 1000 ZEC of daily volume
[2016-10-28 22:12:20] wurstgelee : or did i read that wrong?
[2016-10-28 22:12:25] wurstgelee : oh 1000 then
[2016-10-28 22:12:44] wurstgelee : BitMEX_Wally: how else would you measure liquidity if not by volume?
[2016-10-28 22:12:56] mjones : if i would have just FOMO bought 2 contracts at 0.23 and didn't get ADL and closed at 9.99 that is 8486% ROE
[2016-10-28 22:13:05] MCT : BitMEX_Wally: is that automactic? or will there be an anounceemnt
[2016-10-28 22:13:10] BitMEX_Wally : wurstgelee: Average spread size too.
[2016-10-28 22:13:14] BitMEX_Wally : We will make an announcement
[2016-10-28 22:13:22] wurstgelee : ok, thanks
[2016-10-28 22:13:38] MCT : BitMEX_Wally: with lead time?
[2016-10-28 22:13:42] wurstgelee : well, back to more amazing things....
[2016-10-28 22:13:44] wurstgelee : zcash
[2016-10-28 22:13:47] wurstgelee : wtf ;)
[2016-10-28 22:13:51] shapeshifter : BitMEX_Wally: can we please quantify now how much to satisfy your liquidity requirements? so its ink on paper
[2016-10-28 22:14:03] BitMEX_Sam : MCT: shapeshifter: Please see above - 24hr, 1,000 ZEC
[2016-10-28 22:14:05] BitMEX_Wally : We will give 24 hours' notice of a change to the mark method
[2016-10-28 22:14:41] MrRGnome : BitMEX_Wall
[2016-10-28 22:14:43] KETH : Actually how do we open a ticket ? Or is it by email ?
[2016-10-28 22:14:44] shapeshifter : ok so 24hrs after reaching 24hr, 1,000 ZEC
[2016-10-28 22:14:47] shapeshifter : ?
[2016-10-28 22:14:52] BitMEX_Sam : KETH: email support@bitmex.com
[2016-10-28 22:15:03] KETH : BitMEX_Sam: thanks
[2016-10-28 22:15:08] zfan : BitMEX_Wally: be careful giving 24h notices for the contracts that expire in 60 days
[2016-10-28 22:15:09] BitMEX_Sam : shapeshifter: The final decision is at our discretion but that is one of our criteria. Once we have made said decision we will announce 24hr in advance.
[2016-10-28 22:15:36] BitMEX_Wally : This is only the decision for the mark price, we are not making the decision for how we settle the contract until December
[2016-10-28 22:16:05] BitMEX_Wally : So maybe we use Poloniex for the mark price but another exchange becomes more liquid by December
[2016-10-28 22:17:01] shapeshifter : BitMEX_Wally: so, just to be clear, the 10btc limit will be lifted once you decide on a mark price to use, after liquidity gets over 1000btc daily on a single exchange?
[2016-10-28 22:17:31] wurstgelee : shapeshifter: thanks for asking that
[2016-10-28 22:18:22] rapidtrades : shapeshifter: maybe is ur answer :)
[2016-10-28 22:18:41] wurstgelee : nah, they are discussing it
[2016-10-28 22:18:44] wurstgelee : 2.5h max
[2016-10-28 22:18:47] wurstgelee : :p :p :p
[2016-10-28 22:18:55] BitMEX_Sam : wurstgelee: shapeshifter: This exact question was answered above.
[2016-10-28 22:19:14] wurstgelee : BitMEX_Sam: no it wasnt...not a a simple yes or no :)
[2016-10-28 22:19:17] BitMEX_Sam : The limits will be raised once the contract is marked to an external exchange, and our criteria for that decision rest upon at least 1000 ZEC/day volume.
[2016-10-28 22:19:25] BitMEX_Sam : wurstgelee: Scroll up. You will see a simple yes.
[2016-10-28 22:19:40] BitMEX_Sam : For clarity: https://blog.bitmex.com/site_announcement/note-on-zec-price-cap/
[2016-10-28 22:19:47] shapeshifter : BitMEX_Sam: ok that's clear now
[2016-10-28 22:19:49] shapeshifter : thanks
[2016-10-28 22:20:02] wurstgelee : BitMEX_Sam: so.....u are gonna lift the limit once 1000 zec are reached but when u lift it up to you?
[2016-10-28 22:20:07] wurstgelee : is that a yes?
[2016-10-28 22:20:21] BitMEX_Wally : Yes
[2016-10-28 22:20:38] wurstgelee : so why mention the 1000 zec volume in the first place if its up to you?
[2016-10-28 22:20:50] BitMEX_Wally : It's a minimal requirement
[2016-10-28 22:20:50] BitMEX_Sam : Because traders asked what our criteria was.
[2016-10-28 22:20:50] MCT : BitMEX_Sam: I am just trying to make a trading decision. What i dont want is I make a trade at around .2-3BTC per zec and then get mark applied while it in the 15btc range at another site
[2016-10-28 22:21:23] Greg_Colbourn : It's never going to go back above 10 (i.e. 4bn marketcap on Dec30), I wouldn't worry about it!
[2016-10-28 22:21:33] wurstgelee : Greg_Colbourn: probably not
[2016-10-28 22:21:50] sleger : Greg_Colbourn: how many coins by dec 30 ?
[2016-10-28 22:21:55] wurstgelee : altho its still surprisingly stable
[2016-10-28 22:21:57] MrRGnome : 300k
[2016-10-28 22:22:01] wurstgelee : yep
[2016-10-28 22:22:15] wurstgelee : 10 btc per coin would put zcash in eth league
[2016-10-28 22:22:21] wurstgelee : dec 30th
[2016-10-28 22:22:25] Smartass : sleger: 300.000
[2016-10-28 22:22:26] wurstgelee : not entirely impossible
[2016-10-28 22:22:28] wurstgelee : ;)
[2016-10-28 22:23:09] wurstgelee : meanwhile polo > 20
[2016-10-28 22:23:27] Greg_Colbourn : @sleger @Smartass ok, so more like 2bn marketcap, still ridiculous
[2016-10-28 22:23:57] sleger : at 10btc for a zec ?
[2016-10-28 22:24:05] HostFat : this limit is like the block size limit on Bitcoin
[2016-10-28 22:24:12] Smartass : for me its hard to imagine its above 2btc
[2016-10-28 22:24:13] Greg_Colbourn : sleger: yeah
[2016-10-28 22:24:15] wurstgelee : sleger: 10 btc per zec would be 3m btc
[2016-10-28 22:24:30] wurstgelee : 2bn
[2016-10-28 22:24:32] Greg_Colbourn : wurstgelee: yeah, or 2bn dollars
[2016-10-28 22:24:38] wurstgelee : ;)
[2016-10-28 22:24:49] wurstgelee : on dec 30th ofc
[2016-10-28 22:24:54] Greg_Colbourn : so current price is about 600mn dollars
[2016-10-28 22:25:23] Greg_Colbourn : which still seems too high by an order of magnitude!
[2016-10-28 22:26:37] wurstgelee : polo 26. unbelievable...
[2016-10-28 22:27:17] rapidtrades : can we mine this crap
[2016-10-28 22:27:20] Greg_Colbourn : wurstgelee: I heard there's something about the mining pools witholding payouts
[2016-10-28 22:27:30] Greg_Colbourn : wurstgelee: once they do, price will crash again
[2016-10-28 22:27:39] wurstgelee : Greg_Colbourn: some mining pools require an excessive amount of confirmations
[2016-10-28 22:27:45] wurstgelee : or most even
[2016-10-28 22:27:53] Smartass : Greg_Colbourn: those cheaters are cheating themselves in the end
[2016-10-28 22:27:56] rapidtrades : wurstgelee: is it cost effective to mine?
[2016-10-28 22:27:58] wurstgelee : few hundred blocks until u can withdraw mined coins
[2016-10-28 22:28:03] Greg_Colbourn : wurstgelee: ah, ok.
[2016-10-28 22:28:07] rapidtrades : let's could mine this pos
[2016-10-28 22:28:09] wurstgelee : would explain that almost no coins on polo
[2016-10-28 22:28:19] wurstgelee : once those poolcoins arrive, massive dump should happen
[2016-10-28 22:28:27] rapidtrades : could
[2016-10-28 22:28:30] rapidtrades : not should
[2016-10-28 22:28:32] wurstgelee : and if thats te case, almost only solo mined coins on polo atm
[2016-10-28 22:28:45] wurstgelee : so almost nothing...
[2016-10-28 22:29:04] wurstgelee : if the first batch of poolcoins arrives, it should dump...prob will even
[2016-10-28 22:29:25] rapidtrades : even to what
[2016-10-28 22:29:38] wurstgelee : nah, different meaning
[2016-10-28 22:29:55] wurstgelee : not the even as in leveling
[2016-10-28 22:29:57] wurstgelee : =)
[2016-10-28 22:30:21] wurstgelee : anyways, great show so far. polo 28
[2016-10-28 22:30:23] wurstgelee : :p
[2016-10-28 22:30:43] coinrun : Sec going back to 300btc
[2016-10-28 22:30:48] coinrun : then back down
[2016-10-28 22:31:08] khessabi2 : BitMEX_Sam: why bitmex doesn't let people set sell order obove 10btc on Zcash?!!
[2016-10-28 22:31:13] coinrun : float rotation
[2016-10-28 22:31:34] rapidtrades : zec has a volume of 2500 on polo
[2016-10-28 22:31:42] wurstgelee : khessabi2: because its unsafe to do so
[2016-10-28 22:31:45] Greg_Colbourn : khessabi2: liquidity. Problem is minimum order is 1ZEC.
[2016-10-28 22:31:46] wurstgelee : or something..
[2016-10-28 22:31:52] rapidtrades : so how about that 24h notice?
[2016-10-28 22:31:57] MrRGnome : rapidtrades: Volume in BTC not ZEC
[2016-10-28 22:32:02] rapidtrades : btc
[2016-10-28 22:32:10] wurstgelee : rapidtrades: minimal requirement for notice: 1000 zec volume
[2016-10-28 22:32:13] rapidtrades : btw btc<zec idiot
[2016-10-28 22:32:32] wurstgelee : MrRGnome: 1000 zec volume
[2016-10-28 22:32:35] rapidtrades : k
[2016-10-28 22:32:40] MrRGnome : wurstgelee: Right.
[2016-10-28 22:32:40] wurstgelee : polo already has 2500 in btc
[2016-10-28 22:32:58] wurstgelee : 1000 zec will be tomorrow
[2016-10-28 22:33:02] wurstgelee : no doubt ;)
[2016-10-28 22:33:07] MrRGnome : Sure but Sam kept saying only 5Zec ont he orderbook, I think he is talking about ask volume not market volume
[2016-10-28 22:33:08] wurstgelee : if not in some hours
[2016-10-28 22:33:09] khessabi2 : wurstgelee: why unsafe...the hole zcash trade is usafe
[2016-10-28 22:33:37] rapidtrades : MrRGnome: idk what do u think @BitMEX_Sam
[2016-10-28 22:33:37] MrRGnome : Some of the best things in life are unsafe
[2016-10-28 22:33:42] wurstgelee : khessabi2: i cant explain it to you, you have to ask the admins.....
[2016-10-28 22:33:49] wurstgelee : i dont understand it :)
[2016-10-28 22:34:01] wurstgelee : obv its to risky for a high risk speculative contract or something
[2016-10-28 22:34:05] wurstgelee : *too
[2016-10-28 22:34:23] wurstgelee : or it doesnt resemble the real value
[2016-10-28 22:34:27] wurstgelee : or the price is not real..
[2016-10-28 22:34:31] wurstgelee : read chatlog, its there
[2016-10-28 22:34:35] rapidtrades : Over 1000 ZEC/day volume
[2016-10-28 22:34:36] khessabi2 : wurstgelee: thx .....I mentioned him, but no answer
[2016-10-28 22:34:45] rapidtrades : so its volume not asks
[2016-10-28 22:34:52] wurstgelee : rapidtrades: yes
[2016-10-28 22:34:59] rapidtrades : should happene tomorrow like german said
[2016-10-28 22:35:04] wurstgelee : easily
[2016-10-28 22:35:24] wurstgelee : few hours after poolcoins are on polo
[2016-10-28 22:35:53] wurstgelee : but remember, only minimal requirement
[2016-10-28 22:35:58] wurstgelee : its up to bitmex to decide ;)
[2016-10-28 22:36:12] sleger : so, shorting at 3 now ?
[2016-10-28 22:36:20] wurstgelee : gawd i am still salty
[2016-10-28 22:36:20] sleger : what duyu think
[2016-10-28 22:36:26] rapidtrades : no
[2016-10-28 22:36:29] wurstgelee : sleger: 3 ? no
[2016-10-28 22:36:31] wurstgelee : too low
[2016-10-28 22:36:38] Greg_Colbourn : sleger: yes - it's not going to be worth more than 600mn marketcap on Dec 30. No way.
[2016-10-28 22:36:40] wurstgelee : limit renmoval will be within 2 days i figure
[2016-10-28 22:36:42] wurstgelee : max 3
[2016-10-28 22:36:45] wurstgelee : *removal
[2016-10-28 22:37:03] wurstgelee : 3 btc seems realistic....somehow
[2016-10-28 22:37:17] wurstgelee : 900k btc on december 30
[2016-10-28 22:37:20] wurstgelee : 540m
[2016-10-28 22:37:23] rapidtrades : u know what's realistic? 25 btx
[2016-10-28 22:37:27] wurstgelee : way below eth
[2016-10-28 22:37:28] rapidtrades : current market price
[2016-10-28 22:37:32] wurstgelee : thats why
[2016-10-28 22:37:44] wurstgelee : rapidtrades: fur today it is. but not for dec 30th ;)
[2016-10-28 22:37:45] Greg_Colbourn : rapidtrades: 100mn?
[2016-10-28 22:37:45] Smartass : rapidtrades: i have a hard time see it over 1 btc in 5 days
[2016-10-28 22:37:48] wurstgelee : *for
[2016-10-28 22:37:58] wurstgelee : Smartass: thats no problem for me
[2016-10-28 22:38:04] wurstgelee : supply will be ~ 3000 then
[2016-10-28 22:38:06] wurstgelee : total
[2016-10-28 22:38:09] wurstgelee : in 3 days
[2016-10-28 22:38:15] wurstgelee : so 1 btc np
[2016-10-28 22:38:19] wurstgelee : not at all
[2016-10-28 22:38:54] rapidtrades : who's long?
[2016-10-28 22:38:56] Smartass : wurstgelee: yeah whole orderbook on polo was 950 btc now its down to 800btc
[2016-10-28 22:38:59] negamax : zec at 80 on kraken!
[2016-10-28 22:39:02] Smartass : thats not much
[2016-10-28 22:39:08] negamax : 90 now.. wtf
[2016-10-28 22:39:15] Greg_Colbourn : negamax: no vol
[2016-10-28 22:39:18] rapidtrades : negamax: volume?
[2016-10-28 22:39:21] Smartass : kraken is not really liquid moonprices
[2016-10-28 22:39:24] wurstgelee : Smartass: too early....to read anything in orderbooks imo. or charts. this is still pure madness
[2016-10-28 22:39:42] negamax : rapidtrades: @Greg_Colbourn very little; just looking at recent trades
[2016-10-28 22:39:58] wurstgelee : rapidtrades: 1 contract btw...long
[2016-10-28 22:41:58] rapidtrades : me too...
[2016-10-28 22:42:07] rapidtrades : sleger: u in?
[2016-10-28 22:42:15] sleger : 0
[2016-10-28 22:42:26] rapidtrades : polo 31
[2016-10-28 22:42:29] rapidtrades : 33
[2016-10-28 22:42:41] elfix : yes the wall
[2016-10-28 22:42:57] rapidtrades : they have to lift the cap sometime...and even if they don't, it's 10 not 3
[2016-10-28 22:43:07] elfix : chinesse wake up :)
[2016-10-28 22:44:44] rapidtrades : jung1: we need u
[2016-10-28 22:45:06] wurstgelee : at some point we will realize that below 3 btc might be too cheap... we see it but we dont believe it yet.
[2016-10-28 22:45:09] wurstgelee : :D
[2016-10-28 22:45:26] rapidtrades : 10 easy
[2016-10-28 22:45:38] elfix : yep maybe more
[2016-10-28 22:45:45] wurstgelee : i dont believe it myself
[2016-10-28 22:45:47] Greg_Colbourn : rapidtrades: you really think it'll overtake BTC in marketcap?
[2016-10-28 22:45:52] wurstgelee : otherwise i would long more
[2016-10-28 22:46:23] rapidtrades : Greg_Colbourn: i dunno...but i see it trading at 30 on market
[2016-10-28 22:46:26] wurstgelee : Greg_Colbourn: it doesnt have to
[2016-10-28 22:46:36] rapidtrades : we're at 90% discount
[2016-10-28 22:46:39] Greg_Colbourn : rapidtrades: right, that's with no supply side
[2016-10-28 22:46:40] wurstgelee : it has less coins...way less....REALLY WAY LESS supply...
[2016-10-28 22:46:51] wurstgelee : so trading higher than btc schould be no problem for the coming months
[2016-10-28 22:46:56] Greg_Colbourn : rapidtrades: the supply will be 100x bigger in a couple of days
[2016-10-28 22:47:21] wurstgelee : Greg_Colbourn: still 100x smaller than btc
[2016-10-28 22:47:25] wurstgelee : ;)
[2016-10-28 22:47:28] rapidtrades : Greg_Colbourn: could be priced in to a degree
[2016-10-28 22:47:42] Greg_Colbourn : wurstgelee: I'm talking about total marketcap (i.e. with 300ZEC available on Dec 30th)
[2016-10-28 22:47:51] wurstgelee : oh ok
[2016-10-28 22:47:54] Greg_Colbourn : 300k ZEC
[2016-10-28 22:48:05] rapidtrades : im long 1 and 4 lights are lid up...bullshit
[2016-10-28 22:48:25] rapidtrades : i'll prolly get ADLed before 10
[2016-10-28 22:48:32] Greg_Colbourn : rapidtrades: long from 1BTC price? You should cash out now!
[2016-10-28 22:48:52] rapidtrades : no long from here
[2016-10-28 22:49:03] aili : lets go, push the short sqeeze)
[2016-10-28 22:49:06] Greg_Colbourn : Oh right, well, good luck..
[2016-10-28 22:49:29] Greg_Colbourn : I'm short and have 4 lights light (it's just low liquidity)
[2016-10-28 22:49:36] rapidtrades : cool
[2016-10-28 22:49:52] coinrun : Greg_Colbourn: rip
[2016-10-28 22:50:17] Greg_Colbourn : coinrun: lol it's never going above my liquidation price (1bn marketcap!!). Think I'm safe
[2016-10-28 22:50:30] coinrun : expiry is in 2 days
[2016-10-28 22:50:33] rapidtrades : never :)
[2016-10-28 22:50:43] rapidtrades : that's a funny word
[2016-10-28 22:50:52] Greg_Colbourn : coinrun: ? You have to cash out in 2 days?
[2016-10-28 22:51:06] coinrun : lol @Greg_Colbourn
[2016-10-28 22:51:10] coinrun : good luck
[2016-10-28 22:51:13] rapidtrades : has to pay his hoes
[2016-10-28 22:52:23] Greg_Colbourn : coinrun: I don't get it - what do you mean by "expiry is in 2 days"?
[2016-10-28 22:52:37] rapidtrades : do u think ppl are hording those ZECs or just recycling the same 4 ZECs on polo
[2016-10-28 22:52:56] Greg_Colbourn : It's unlikely there will be no hiccups at all before Dec30th
[2016-10-28 22:52:59] rapidtrades : it's been 4 on asks for the past few hrs
[2016-10-28 22:54:25] MrRGnome : rapidtrades: I'm mining zec through 2 pools and both are having withdrawl issues which compounds the problem
[2016-10-28 22:54:44] Greg_Colbourn : MrRGnome: how much have you mined?
[2016-10-28 22:54:52] rapidtrades : MrRGnome: define 'issues'
[2016-10-28 22:55:25] MrRGnome : rapidtrades: unable to withdraw + a notice that says "we are having backend issues". One of them is so spotty I can't even use it half the time (suprnova)
[2016-10-28 22:55:42] rapidtrades : what a scam
[2016-10-28 22:55:55] MrRGnome : I've mined about 0.005 ZEC
[2016-10-28 22:56:19] rapidtrades : so $10?
[2016-10-28 22:56:37] MrRGnome : Depends on what you're quoting as an exchange price
[2016-10-28 22:56:45] rapidtrades : ah $100 then
[2016-10-28 22:56:53] rapidtrades : not bad for a day's work
[2016-10-28 22:56:57] rapidtrades : or 6 hrs
[2016-10-28 22:57:02] rapidtrades : what's ur rig
[2016-10-28 22:57:06] HjP : MrGnome, which two pools?
[2016-10-28 22:57:13] Greg_Colbourn : Could've got $10000 for it at the peak price on Polo!
[2016-10-28 22:57:15] MrRGnome : suprnova and coinmine
[2016-10-28 22:57:20] MrRGnome : both are pissing me off
[2016-10-28 22:58:23] rapidtrades : does polo not know about us
[2016-10-28 22:58:32] rapidtrades : smone go over there and tell them about cheap coinz
[2016-10-28 22:58:54] rapidtrades : we need to arb this shit
[2016-10-28 22:59:02] MrRGnome : rapidtrades: I think everyone knows the price won't last to dec. 30 and daddy bitmex is protecting th eprice here
[2016-10-28 22:59:14] rapidtrades : what's eprice
[2016-10-28 22:59:45] rapidtrades : if everyone knows then we wouldn't be at 29
[2016-10-28 23:00:22] Smartass : does somebody have a correct link about monetary supply nothing seems to be right?
[2016-10-28 23:00:57] TwinnerD : https://explorer.zcha.in
[2016-10-28 23:01:24] HjP : MrRGnome, who is potecting the price? .. and how?
[2016-10-28 23:02:25] Greg_Colbourn : So 83ZEC in existence. Polo only has 5%
[2016-10-28 23:03:16] rapidtrades : this will be a long night
[2016-10-28 23:03:55] rapidtrades : lol 5 lights
[2016-10-28 23:03:57] rapidtrades : cmon
[2016-10-28 23:04:17] TwinnerD : Greg_Colbourn: one guy mined 50% of blocks. And no pool pays out
[2016-10-28 23:04:21] Smartass : TwinnerD: the thing its cotradicting: https://forum.z.cash/t/could-someone-please-post-detailed-monetary-supply-table/3805
[2016-10-28 23:04:48] vijay : Wow... ZCASH
[2016-10-28 23:04:51] rapidtrades : wurstgelee: how many lights?
[2016-10-28 23:05:03] Greg_Colbourn : TwinnerD: 51% attack possible?
[2016-10-28 23:05:22] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 3.980833
[2016-10-28 23:05:22] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 3.812500
[2016-10-28 23:05:25] wurstgelee : rapidtrades: 1
[2016-10-28 23:05:32] vijay : Whats going on with ZEC
[2016-10-28 23:05:41] TwinnerD : Yes @Greg_Colbourn
[2016-10-28 23:05:43] REKT : Liquidated short on `ZECZ16`: Buy 5 @ 4.122374
[2016-10-28 23:05:43] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 4.695955
[2016-10-28 23:05:50] rapidtrades : wtf....where u long from? i have 5 @wurstgelee
[2016-10-28 23:06:13] wurstgelee : rapidtrades: 4 oO
[2016-10-28 23:06:17] wurstgelee : hehe
[2016-10-28 23:06:22] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 4.847500
[2016-10-28 23:06:31] vijay : I can not purchase ZEC now... Its too high
[2016-10-28 23:06:32] wurstgelee : only 45% ROE atm
[2016-10-28 23:06:49] rapidtrades : don't ADL me bros
[2016-10-28 23:06:51] null : one more liquidations
[2016-10-28 23:06:54] rapidtrades : i love bitmex
[2016-10-28 23:06:56] wurstgelee : and i am out
[2016-10-28 23:06:58] wurstgelee : took the offer
[2016-10-28 23:07:02] rapidtrades : wurstgelee: bitch
[2016-10-28 23:07:16] wurstgelee : yeah, had enough
[2016-10-28 23:07:19] rapidtrades : hold the f line
[2016-10-28 23:07:21] wurstgelee : tired
[2016-10-28 23:07:29] rapidtrades : then f off
[2016-10-28 23:07:35] wurstgelee : nah, have to relax now
[2016-10-28 23:07:42] wurstgelee : still pumped from action ;)
[2016-10-28 23:07:49] rapidtrades : relax smwhere else, u annoy me
[2016-10-28 23:07:59] wurstgelee : haha, hf making money ;)
[2016-10-28 23:08:24] null : I dont get it. How did the price just jump 20% when polo price is not moving
[2016-10-28 23:08:33] rapidtrades : ...cos polo is at 26
[2016-10-28 23:08:38] rapidtrades : twenty-six
[2016-10-28 23:08:44] Greg_Colbourn : null: this is the price on Dec 30th! Polo is neither here nor there
[2016-10-28 23:08:55] rapidtrades : Greg...shut up
[2016-10-28 23:09:13] null : Im trying to make sense of this game
[2016-10-28 23:09:16] rapidtrades : am i the only long now? how can i have 5 lights lol
[2016-10-28 23:09:17] wurstgelee : null: it has to move eventually...in polo direction
[2016-10-28 23:09:18] HjP : is it true what MrRGnoe said? Is the price somehow protected?
[2016-10-28 23:09:19] Greg_Colbourn : rapidtrades: should've closed your long when you were winning big!
[2016-10-28 23:09:20] null : just lost 2btc
[2016-10-28 23:09:25] wurstgelee : people are scared here atm, thazt is all
[2016-10-28 23:09:38] wurstgelee : null: extremely dangerous atm, no marking
[2016-10-28 23:09:44] wurstgelee : *last price marking
[2016-10-28 23:10:10] rapidtrades : wow polo 20-25
[2016-10-28 23:10:32] wurstgelee : rapidtrades: pissed i took the exit? :p
[2016-10-28 23:10:34] Greg_Colbourn : Polo has 5% of the supply. Wait until more hits
[2016-10-28 23:10:40] rapidtrades : rly looks like the buys on polo aer much bigger then the sells
[2016-10-28 23:10:45] HostFat : I think that the admin should instead just stop the trading completely
[2016-10-28 23:11:01] HostFat : people are comming here and losing money against the invisible wall
[2016-10-28 23:11:23] Greg_Colbourn : HostFat: what invisible wall?