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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[2016-11-01 17:53:17] sleger : ;)
[2016-11-01 17:53:27] rapidtrades : 2nd
[2016-11-01 17:53:40] sleger : yeah, sure ....
[2016-11-01 17:54:09] rapidtrades : Btw why do i get a final warning when Sam is the only one who bans me? Shouldn't it be like 2/3 partners
[2016-11-01 17:54:24] BitMEX_Wally : rapidtrades: We are unanimous
[2016-11-01 17:54:26] BitMEX_Wally : We are the borg
[2016-11-01 17:54:33] sleger : rapidtrades: I tried to help you
[2016-11-01 17:54:43] sleger : that's why i suggested you dress as a thai lady
[2016-11-01 17:54:49] sleger : might help you win Arthur's vote
[2016-11-01 17:55:10] BitMEX_Wally : Haha
[2016-11-01 17:55:21] BitMEX_Wally : Anyone here going to TechCrunch Beijing next week?
[2016-11-01 17:55:24] BitMEX_Greg : sleger: Arthur only likes them well-endowed anyway
[2016-11-01 17:55:32] sleger : ohoh
[2016-11-01 17:55:37] BitMEX_Sam : We're demoing our new middle-out compression
[2016-11-01 17:55:53] kradiav : :D
[2016-11-01 17:56:57] NL007 : any news about the 1000 ZEC/day volume?
[2016-11-01 17:58:06] sleger : NL007: yes, unfortunately it has be 24h with exactly 1000.000 ZEC volume, and we just overshot it
[2016-11-01 17:58:49] rapidtrades : also why is the cap tied to the marking? why can't u just remove the cap and figure out what to do with marking later on
[2016-11-01 17:59:07] rapidtrades : cos it doesn't seem like u plan to mark to polo anytime soon
[2016-11-01 17:59:15] NL007 : sleger: now it is 3793.64384876 ZEC
[2016-11-01 17:59:25] zecz : ofc it will be polo
[2016-11-01 17:59:44] zecz : noone else is even close
[2016-11-01 17:59:57] kradiav : still not enough monetary supply for a healthy ecosystem
[2016-11-01 18:00:03] zecz : ohh shit, the dump is coming
[2016-11-01 18:00:10] zecz : :S
[2016-11-01 18:00:29] zecz : someone wanna buy my long?
[2016-11-01 18:01:10] kradiav : 0.3-0.35 best offer atm :P
[2016-11-01 18:01:16] NL007 : lol
[2016-11-01 18:01:51] thomaskikansha : 0.2X would be nice
[2016-11-01 18:02:59] zecz : the raise is just bot-driven
[2016-11-01 18:03:05] zecz : back to 0,5 soon
[2016-11-01 18:05:02] thomaskikansha : how come polo 24h ZEC volume even more than the supply
[2016-11-01 18:05:18] zecz : why not
[2016-11-01 18:05:21] thomaskikansha : coins changing hands for multiple times
[2016-11-01 18:05:34] zecz : buy,sell,buy,sell the same coin over and over again
[2016-11-01 18:05:40] kradiav : no baggolders, just back and forth... everyone is trying to get ride of ZEC before it dumps more
[2016-11-01 18:14:44] TwinnerD : miners are pretty happy though
[2016-11-01 18:16:26] kradiav : of course, selling at tops is great :D
[2016-11-01 18:25:55] TwinnerD : within 24 hours we will be below 0.1 BTC future
[2016-11-01 18:31:17] y1uy : bye bye ethereum
[2016-11-01 18:34:46] MrRGnome : I think you mean buy buy
[2016-11-01 18:34:53] public username 321 : are people even trading zec? 6 trades in 90 minutes...
[2016-11-01 18:36:11] y1uy : MrRGnome: buy? Are you insane?
[2016-11-01 18:38:37] MrRGnome : buy when there is blood in the streets and yo can see the fear in their eyes
[2016-11-01 18:38:39] MrRGnome : I see the fear in your eyes
[2016-11-01 18:40:18] QuantFocus : BitMEX_Sam: can i see a summary of my realized pnl on xbtu16 somewhere? it isn't listed under closed or expired positions
[2016-11-01 18:40:26] zecz : lol zec is under attack, ddos
[2016-11-01 18:40:29] zecz : no new blocks
[2016-11-01 18:40:34] y1uy : MrRGnome: ok, we will see who's right
[2016-11-01 18:40:35] zecz : 0,1 btc here we come
[2016-11-01 18:40:43] sleger : zat shitcoin
[2016-11-01 18:40:43] y1uy : zecz: really?
[2016-11-01 18:40:46] BitMEX_Sam : QuantFocus: Go to your Account page, there is a table showing daily PNL
[2016-11-01 18:40:58] zecz : https://explorer.zcha.in/
[2016-11-01 18:41:11] zecz : Recent Blocks is fckd
[2016-11-01 18:41:16] QuantFocus : BitMEX_Sam: i'd just like a summary of my net gain on that position though
[2016-11-01 18:41:40] y1uy : zecz: i dont see how it is
[2016-11-01 18:41:46] y1uy : zecz: alst blocks 5min ago
[2016-11-01 18:42:33] QuantFocus : BitMEX_Sam: and i've filtered the results on the trade history page, but it looks like i'd need to manually calculate the end result
[2016-11-01 18:43:06] QuantFocus : or just export it and do it in excel. but i was curious if it's summarized on the site
[2016-11-01 18:43:12] zecz : 2,5m block time?
[2016-11-01 18:43:30] zecz : shouldnt it be around 2,5 mins
[2016-11-01 18:43:36] zecz : my miners doesnt work anymore
[2016-11-01 18:43:49] BitMEX_Greg : QuantFocus: I believe for what you want you need to export and calculate manually
[2016-11-01 18:44:12] QuantFocus : BitMEX_Greg: so, wouldn't it make sense for that to be listed under expired positions?
[2016-11-01 18:44:25] sleger : QuantFocus: just reopen 1 then you will see it
[2016-11-01 18:44:33] QuantFocus : xbtu is no longer available
[2016-11-01 18:44:43] zecz : https://forum.z.cash/t/network-ddos-attack-pools-cant-find-a-block/6292/4
[2016-11-01 18:44:58] BitMEX_Greg : QuantFocus: True, I can bring it up
[2016-11-01 18:45:24] QuantFocus : BitMEX_Greg: cool, thanks :smile:
[2016-11-01 18:49:30] gustavo7 : can someone please link me to the current zcash supply curve?
[2016-11-01 18:50:16] aethlios : gustavo7: same as bitcoin, except first 35 days
[2016-11-01 18:50:58] aethlios : https://forum.z.cash/t/zcash-detailed-money-supply-curve/1744
[2016-11-01 18:56:10] wurstgelee : zecz: not giving up on polo trollbox style, arent you?
[2016-11-01 18:56:14] wurstgelee : its really not working here
[2016-11-01 18:57:54] samuelolufemi : i dont know how to go about the trading
[2016-11-01 18:58:02] rapidtrades : did bitmex provide explanation why they're keeping the cap and how that ties to polo marking?
[2016-11-01 18:58:11] samuelolufemi : can anybody please put me through?
[2016-11-01 18:58:16] rapidtrades : was out for a bit
[2016-11-01 18:58:44] wurstgelee : samuelolufemi: https://www.bitmex.com/app/tradingOverview
[2016-11-01 18:58:57] wurstgelee : everything there
[2016-11-01 18:59:35] wurstgelee : rapidtrades: no news afaik
[2016-11-01 18:59:51] samuelolufemi : thank u i will go and check
[2016-11-01 19:00:11] rapidtrades : tnx @wurstgelee
[2016-11-01 19:06:05] samuelolufemi : i dont understand yet ooo
[2016-11-01 19:06:49] rapidtrades : dollar down a lot today...likely stronger yuan fixing tonight
[2016-11-01 19:21:58] rapidtrades : http://www.zerohedge.com/news/2016-11-01/clinton-campaign-questions-release-fbis-marc-rich-pardon-records
[2016-11-01 19:39:48] Sidwick : why no trades in 1.5 hours
[2016-11-01 19:41:17] sleger : Sidwick: sorry I took a nap
[2016-11-01 19:41:33] Sidwick : k buy/sell/buy/sell now
[2016-11-01 19:41:56] sleger : i'm showing you 0.01 spread on xbtusd
[2016-11-01 19:44:13] gustavo7 : rapidtrades: i hate these reactions "oh someone threw dirt at me, may someone throw dirt at someone else please?"
[2016-11-01 19:55:16] wurstgelee : oh, we still online?
[2016-11-01 19:55:20] wurstgelee : must have passed out
[2016-11-01 19:55:55] wurstgelee : it sounds weird, but ZEC stable ~ 2 btc is boring
[2016-11-01 19:56:07] wurstgelee : "stable"
[2016-11-01 20:04:24] martinium : that funding rate is brutal yet again
[2016-11-01 20:04:32] martinium : for longs on swap
[2016-11-01 20:19:50] NL007 : wurstgelee: stable for 48hrs. I dont think it will hold any longer
[2016-11-01 20:25:13] mjones : funding rate is okay. longs made lots of profit
[2016-11-01 20:31:24] Sidwick : bots are going again
[2016-11-01 20:32:02] aethlios : new mined coins arrived....
[2016-11-01 20:32:02] REKT : Liquidated long on `XMR7D`: Sell 1750 @ 0.006249
[2016-11-01 20:32:02] REKT : Liquidated long on `XMR7D`: Sell 50 @ 0.006421
[2016-11-01 20:33:36] Sidwick : dont new mined coins arrive every 10 mins?
[2016-11-01 20:39:18] QuantFocus : 2.5
[2016-11-01 20:44:01] numero : does everyone in crypto read zerohedge? seems to keep popping up
[2016-11-01 20:46:42] rapidtrades : sleger: are u on twitter
[2016-11-01 20:46:55] sleger : no
[2016-11-01 20:47:00] rapidtrades : cool
[2016-11-01 20:47:15] rapidtrades : Rado: what was ur twitter again?
[2016-11-01 20:47:36] imabeast : wurstgelee: btc up or down?
[2016-11-01 20:49:04] AudibleScience : imabeast: to the moon buddy
[2016-11-01 20:49:25] imabeast : AudibleScience: lol
[2016-11-01 20:50:27] y1uy : imabeast: needs correction
[2016-11-01 20:52:30] rapidtrades : china may dump tonight post-PBOC fix
[2016-11-01 20:53:12] AudibleScience : rapidtrades: what have they been up to now?
[2016-11-01 20:53:38] rapidtrades : by they u mean?
[2016-11-01 20:53:48] AudibleScience : PBOC
[2016-11-01 20:54:44] sleger : buying bitcoins duh
[2016-11-01 20:54:49] rapidtrades : there's a theory that they move the fix based on the dollar....if it's up weaken the yuan etc
[2016-11-01 20:55:07] rapidtrades : since it's down a lot today, a stronger fix seems likely
[2016-11-01 20:55:52] wurstgelee : imabeast: sorry, was afak for a few hours
[2016-11-01 20:56:01] wurstgelee : no clue, just returned
[2016-11-01 20:56:28] QuantFocus : this last rally was on weak volume
[2016-11-01 20:56:39] rapidtrades : wurstgelee: those mining contracts jumped 10x, now it's not profitable to buy them again
[2016-11-01 20:56:45] QuantFocus : which makes me conflicted, as the current bull seems overextended
[2016-11-01 20:57:02] wurstgelee : rapidtrades: yes
[2016-11-01 20:57:08] wurstgelee : also nethash up a lot
[2016-11-01 20:57:21] rapidtrades : QuantFocus: yeah i never trusted this BTC rally but here we are, $115 later
[2016-11-01 20:57:22] wurstgelee : it only worked 2 days ago until polo pump
[2016-11-01 20:57:34] rapidtrades : u mean yday
[2016-11-01 20:57:43] wurstgelee : ffrom 2 days ago to yday
[2016-11-01 20:57:47] wurstgelee : mined ~18 h
[2016-11-01 20:57:48] rapidtrades : yes
[2016-11-01 20:57:50] wurstgelee : =)
[2016-11-01 20:58:15] rapidtrades : how fast do they adjust prices?
[2016-11-01 20:58:30] rapidtrades : can u steal some cheap right as polo goes nuts for example
[2016-11-01 20:58:31] QuantFocus : someone said the xbt funding rate is capped now? is .375% the highest now?
[2016-11-01 20:58:39] rapidtrades : yes
[2016-11-01 20:58:40] aethlios : wurstgelee: start mining ehen it dumps, new lows, mine cheap and wait for bounce to sell
[2016-11-01 20:58:44] QuantFocus : rapidtrades: not really
[2016-11-01 20:58:59] rapidtrades : 0.375 is the highest
[2016-11-01 20:59:02] QuantFocus : rapidtrades: at least not on nicehash...you don't really lock in a contract.
[2016-11-01 20:59:06] wurstgelee : aethlios: if u do that, you could as well buy the lows and sell the highs ;)
[2016-11-01 20:59:13] QuantFocus : rapidtrades: cool, thanks :thumbsup:
[2016-11-01 20:59:23] rapidtrades : QuantFocus: u lock in the hash power tho?
[2016-11-01 20:59:27] QuantFocus : rapidtrades: nope
[2016-11-01 20:59:34] QuantFocus : it's more of a live outbidding system
[2016-11-01 20:59:40] rapidtrades : ....but it says right there on the packages
[2016-11-01 20:59:41] wurstgelee : yep
[2016-11-01 20:59:53] wurstgelee : its a btc-hash exchange
[2016-11-01 20:59:56] rapidtrades : https://www.nicehash.com/?p=fast-cloud-mining-contracts
[2016-11-01 20:59:56] QuantFocus : so you only receive the hash as long as you are bidding higher than others with the hash amount you want
[2016-11-01 20:59:58] wurstgelee : basically
[2016-11-01 21:00:08] wurstgelee : you cant sell tho
[2016-11-01 21:00:11] wurstgelee : and miners dont buy
[2016-11-01 21:00:20] wurstgelee : so more of a hash marketplace ;)
[2016-11-01 21:00:25] QuantFocus : rapidtrades: those are different.
[2016-11-01 21:00:28] rapidtrades : i don't get it....are those not packages above
[2016-11-01 21:00:42] wurstgelee : rapidtrades: not the packages..those suck
[2016-11-01 21:00:51] rapidtrades : ah cool
[2016-11-01 21:01:01] CaptainDean : https://www.nicehash.com/?p=orders
[2016-11-01 21:01:12] CaptainDean : top left dropdown select Equihash
[2016-11-01 21:01:15] QuantFocus : those packages seem overpriced
[2016-11-01 21:01:24] wurstgelee : QuantFocus: they are
[2016-11-01 21:01:32] wurstgelee : cloud mining is a big ripoff
[2016-11-01 21:01:40] QuantFocus : and i like how you pay more for larger packages...no discount for volume? lol
[2016-11-01 21:01:54] wurstgelee : QuantFocus: its harder to get more volume
[2016-11-01 21:01:56] QuantFocus : on a price/hash basis
[2016-11-01 21:02:03] wurstgelee : *more hashes
[2016-11-01 21:02:16] QuantFocus : i guess
[2016-11-01 21:02:21] wurstgelee : if u eat up all the hashes, others start to outbid you
[2016-11-01 21:02:22] wurstgelee : etc
[2016-11-01 21:02:27] wurstgelee : needs more smaller orders
[2016-11-01 21:02:29] wurstgelee : etc pp
[2016-11-01 21:02:51] wurstgelee : oh, you were talking cloud mining
[2016-11-01 21:02:56] wurstgelee : yeah, thats all bullshit
[2016-11-01 21:03:08] rapidtrades : is ZEC under equihash algo?
[2016-11-01 21:03:13] QuantFocus : right. i guess it conceptually the same
[2016-11-01 21:03:17] QuantFocus : rapidtrades: yes
[2016-11-01 21:03:26] rapidtrades : seems a very tight market
[2016-11-01 21:03:46] QuantFocus : wurstgelee: just seems like if you're locking in a 24 hour contract, you should still get volume discount. but it's cheaper just to bid on the orderbook
[2016-11-01 21:03:49] wurstgelee : its the hot market atm
[2016-11-01 21:03:49] wurstgelee : ;)
[2016-11-01 21:04:05] wurstgelee : QuantFocus: yes ofc. WAAAAY cheaper
[2016-11-01 21:04:14] kryptopojken : dont u guys think it's weird when you're in a position and the unrealised PNL shows something completely different than what it should? for example when the Mark price is a lot different than the futures price on the order book?
[2016-11-01 21:04:19] wurstgelee : dont touch cloudmining
[2016-11-01 21:04:31] kryptopojken : like it says my XBTUSD position is in profit, but it's def not
[2016-11-01 21:04:37] rapidtrades : yes it's weird but what can u do @kryptopojken
[2016-11-01 21:04:48] wurstgelee : upnl is based on marking
[2016-11-01 21:04:56] wurstgelee : *mark price
[2016-11-01 21:05:09] rapidtrades : i never look at pnl just entry price and orderbook
[2016-11-01 21:05:28] AudibleScience : ^^
[2016-11-01 21:06:00] gustavo7 : volume in china is so low :(
[2016-11-01 21:06:10] kryptopojken : rapidtrades: yea :/
[2016-11-01 21:06:10] micmix : rapidtrades: welcome back ;-)
[2016-11-01 21:06:25] rapidtrades : micmix: tnx
[2016-11-01 21:06:39] rapidtrades : feels a bit like im on death row :)
[2016-11-01 21:06:59] micmix : third strike?
[2016-11-01 21:07:09] AudibleScience : rapidtrades: why man? what happened?
[2016-11-01 21:07:17] rapidtrades : yeah i got a final warning lol
[2016-11-01 21:08:00] rapidtrades : https://www.reddit.com/r/bitfinexcal/ <<< my sub in case u want to get in touch if I'm permed
[2016-11-01 21:09:30] QuantFocus : rapidtrades: are you a deer?
[2016-11-01 21:09:55] rapidtrades : maybe? just dont dig too much through my history :)
[2016-11-01 21:10:02] QuantFocus : lol
[2016-11-01 21:10:21] martinium : anyone know what time PBOC decision is at?
[2016-11-01 21:10:26] martinium : UTC time
[2016-11-01 21:11:00] rapidtrades : it's in 4h and 5m
[2016-11-01 21:11:10] rapidtrades : from now
[2016-11-01 21:12:04] QuantFocus : so stronger yuan = lower btc?
[2016-11-01 21:12:51] rapidtrades : maybe...the opposite has certainly been the case past few weeks
[2016-11-01 21:13:09] QuantFocus : they've been devaluing it though, i thought
[2016-11-01 21:13:36] rapidtrades : yes but so far the dollar has been strong
[2016-11-01 21:15:43] wurstgelee : moar zec selling please
[2016-11-01 21:15:47] wurstgelee : thank you
[2016-11-01 21:16:04] QuantFocus : god damn zec rekt me
[2016-11-01 21:16:32] rapidtrades : if we stabilize about 2 the shorts here will be in a world of hurt
[2016-11-01 21:17:22] QuantFocus : i underestimated the stupidity of the market
[2016-11-01 21:17:45] zecz : zec future is going back to 0,25 soon
[2016-11-01 21:18:17] martinium : QuantFocus: stronger yuan doesnt necessarily mean lower btc
[2016-11-01 21:18:27] martinium : unless they strengthen by a lot
[2016-11-01 21:18:34] rapidtrades : maybe...but if u long now ur getting 4x return for 2 months...and that's if prices stay the same
[2016-11-01 21:18:46] rapidtrades : that was reply to > @zecz
[2016-11-01 21:19:38] zecz : ok, yeah
[2016-11-01 21:19:41] zecz : true that
[2016-11-01 21:20:06] zecz : and if my cat can fly i will make 1 million on youtube
[2016-11-01 21:20:24] jordanbitfort : lol zec will definitely be worth 1000 in december 100% fam xD
[2016-11-01 21:20:37] numero : zecz: 1 million views?
[2016-11-01 21:20:38] rapidtrades : the polo price is the current market price whether u like it or not
[2016-11-01 21:21:18] QuantFocus : jordanbitfort: but what if btc is 2000 by then?
[2016-11-01 21:21:57] rapidtrades : vol in ZEC is much higher so doesn't matter much what bitcoin does
[2016-11-01 21:22:24] jordanbitfort : vol in zec higher than vol in btc?
[2016-11-01 21:22:33] rapidtrades : volatility
[2016-11-01 21:22:52] jordanbitfort : vol = volume are u new here
[2016-11-01 21:23:06] rapidtrades : tnx didn't know that
[2016-11-01 21:25:10] AudibleScience : what does zec have that is so special anyway? apart from scarcity maybe? Is it not just a massive p&d coin?
[2016-11-01 21:25:32] rapidtrades : it's the one true coin
[2016-11-01 21:25:37] sleger : jordanbitfort: he is not new, he is at his 3rd ban already
[2016-11-01 21:25:42] rapidtrades : 2nd
[2016-11-01 21:25:47] sleger : rapidtrades: lol
[2016-11-01 21:26:39] AudibleScience : no really, I haven't had enough time to look into it.
[2016-11-01 21:27:12] AudibleScience : does it have anything special going for it?
[2016-11-01 21:27:21] micmix : zcash is One Coin to rule them all, One Coin to find them; One Coin to bring them all and in the darkness bind them.
[2016-11-01 21:27:22] rapidtrades : no clue
[2016-11-01 21:27:31] rapidtrades : micmix gets it
[2016-11-01 21:28:05] sleger : if bitcoin could fork it would just copy zcash
[2016-11-01 21:28:06] micmix : should have said it in black speech ;-)
[2016-11-01 21:28:31] AudibleScience : micmix: lol
[2016-11-01 21:28:38] wurstgelee : stop rambling, start shorting :p
[2016-11-01 21:28:45] rapidtrades : sleger: exactly, zcash is the coin every other coin aspires to be when it grows up
[2016-11-01 21:29:09] sleger : zcash only has one and only one problem
[2016-11-01 21:29:14] sleger : that's not much !!
[2016-11-01 21:29:49] jordanbitfort : every other coin wishes it was a pump and dump with 20% dev fee and nonfunctional wallets
[2016-11-01 21:30:08] rapidtrades : the fee goes above tho
[2016-11-01 21:30:16] rapidtrades : it's better then ETH premine
[2016-11-01 21:30:25] rapidtrades : i meant fee goes away
[2016-11-01 21:31:31] sleger : ETH is better
[2016-11-01 21:31:40] sleger : ETH is not capped at 10 first of all !
[2016-11-01 21:32:11] rapidtrades : sleger: did u notice how previous ZEC contracts were weekly and they made this one 2 months?
[2016-11-01 21:32:26] sleger : there was no previous zec contract
[2016-11-01 21:32:37] rapidtrades : are u sure
[2016-11-01 21:32:47] sleger : yep
[2016-11-01 21:32:58] rapidtrades : pretty sure we traded it here months before launch
[2016-11-01 21:33:15] sleger : yep, one month
[2016-11-01 21:33:16] micmix : zecz16 is the first zec contract here
[2016-11-01 21:33:31] rapidtrades : that's impossible
[2016-11-01 21:33:37] micmix : was listed 1 month before zec release
[2016-11-01 21:33:45] sleger : you must leave in a parallel universe @rapidtrades
[2016-11-01 21:33:51] rapidtrades : oh i see what u mean
[2016-11-01 21:33:52] sleger : *live
[2016-11-01 21:33:56] rapidtrades : are u sure?
[2016-11-01 21:34:00] jordanbitfort : rapidtrades: you really seem to know your shit, can i pay you some zec for lessons
[2016-11-01 21:34:01] micmix : I bought the initial offerings @ 0.027 and up
[2016-11-01 21:34:19] rapidtrades : so it's been the same one all along huh
[2016-11-01 21:34:24] micmix : yep
[2016-11-01 21:34:27] rapidtrades : cool
[2016-11-01 21:34:48] zecz : 1000 new zec coins are minted each day, most of them is sold directly
[2016-11-01 21:34:57] zecz : no premined for investors, only miners seeking profit
[2016-11-01 21:35:12] zecz : sell pressure will increase for sure
[2016-11-01 21:35:13] rapidtrades : tnx dude, we didn't know that
[2016-11-01 21:35:18] zecz : np
[2016-11-01 21:35:23] sleger : going up
[2016-11-01 21:35:44] NL007 : in a 4 weeks 7000+ will be mined each day
[2016-11-01 21:35:53] zecz : I am think Zcash can be woth 100-200M at most.
[2016-11-01 21:35:54] rapidtrades : why do ppl keep saying how much there will be mined...its day5 everyone kknows a f*ckton more will come out
[2016-11-01 21:36:10] rapidtrades : ur not giving some special info
[2016-11-01 21:36:17] zecz : 100M market cap when there is 1-2M coins is my target
[2016-11-01 21:36:22] zecz : thats 50-100 doillar per coin
[2016-11-01 21:36:38] rapidtrades : dude if trading was that easy, everyone would do it
[2016-11-01 21:36:49] NL007 : rapidtrades: there isnt any special info
[2016-11-01 21:37:10] zecz : I try to play it safe, shorting with all my mining profit at this levels
[2016-11-01 21:37:31] zecz : these
[2016-11-01 21:37:54] NL007 : many coins started strong like steem and faded away
[2016-11-01 21:38:18] rapidtrades : steem is shit tho
[2016-11-01 21:39:06] rapidtrades : who knew that giving monetary incentives to ppl for posting will produce worse results then reddit
[2016-11-01 21:39:47] NL007 : rapidtrades: lol
[2016-11-01 21:40:24] zecz : zcash is dead in 6-12 month
[2016-11-01 21:40:51] zecz : when ETH adpot the same ano features
[2016-11-01 21:40:58] zecz : and even bitcoin
[2016-11-01 21:41:54] NL007 : if btc can fix its slow transactions it will go much higher
[2016-11-01 21:42:07] rapidtrades : is noone offering margin trading or futures on ZEC but bitmex?
[2016-11-01 21:42:18] NL007 : we need also fix for the massive blochchain
[2016-11-01 21:42:33] NL007 : rapidtrades: bitfinex
[2016-11-01 21:42:41] QuantFocus : rapidtrades: no, because polo knows it'll dump to oblivion and they're working too closely with devs to let that happen
[2016-11-01 21:42:50] rapidtrades : ugh...never again @NL007
[2016-11-01 21:42:59] NL007 : rapidtrades: i know
[2016-11-01 21:43:19] NL007 : removed my funds 1 day before hack
[2016-11-01 21:43:26] NL007 : i was lucky
[2016-11-01 21:43:29] rapidtrades : good
[2016-11-01 21:44:01] rapidtrades : i removed 64% two weeks later
[2016-11-01 21:44:09] QuantFocus : hahah
[2016-11-01 21:44:22] QuantFocus : i mean, that's not funny, but it kinda is the way you said it
[2016-11-01 21:44:23] NL007 : rapidtrades: they you pay
[2016-11-01 21:44:40] NL007 : they let you pay
[2016-11-01 21:48:01] orly : really though, why is no exchange offering zec margin trading?
[2016-11-01 21:48:23] orly : is there any risk in it if they already have a tried margin system in place for other coins?
[2016-11-01 21:48:33] john1243 : probably because everyone would short it
[2016-11-01 21:49:03] orly : so what? any exchange offering it would immediately take the lead on ZEC volume and profit
[2016-11-01 21:49:15] rapidtrades : so? hows' that the exchange problem? @john1243
[2016-11-01 21:49:17] wurstgelee : there is supply yet
[2016-11-01 21:49:21] wurstgelee : that cant work
[2016-11-01 21:49:25] wurstgelee : *no
[2016-11-01 21:49:29] wurstgelee : no supply
[2016-11-01 21:49:36] rapidtrades : it can work...badly but it will
[2016-11-01 21:49:51] wurstgelee : yeah lol. ok, theoretically possible oc....
[2016-11-01 21:49:52] Apocalyptic : orly: probably because nobody would lend shorters ZEC, knowing they are going to crash the price with them
[2016-11-01 21:50:01] Apocalyptic : even at insane lending rates
[2016-11-01 21:50:07] wurstgelee : also shorting etc @ polo on that supply?
[2016-11-01 21:50:08] wurstgelee : lol
[2016-11-01 21:50:09] wurstgelee : gl
[2016-11-01 21:50:18] rapidtrades : there's now 250 ZECs on asks and 928 BTC....that's a 2/1 ratio
[2016-11-01 21:50:19] john1243 : people always lend
[2016-11-01 21:50:21] wurstgelee : pump to 4 btc in a min, all MC
[2016-11-01 21:50:23] wurstgelee : etc...
[2016-11-01 21:50:27] rapidtrades : doesn't seem like a lack of anything
[2016-11-01 21:50:31] orly : Apocalyptic: that makes sense, but le tthe market work that out along with lending rates, shouldn't we?
[2016-11-01 21:50:31] wurstgelee : way to eaqsy for whales
[2016-11-01 21:50:34] Apocalyptic : john1234: on liquid markets yes
[2016-11-01 21:50:49] Apocalyptic : on these thin books it's guaranteed suicide
[2016-11-01 21:51:01] wurstgelee : orly: whales would margin call everyone left and right
[2016-11-01 21:51:03] orly : Apocalyptic: kind of how exchanges just let the market play with ZEC immediately on release
[2016-11-01 21:51:08] wurstgelee : theres no point in that yet
[2016-11-01 21:51:19] wurstgelee : it works here because we dont trade ZEC
[2016-11-01 21:51:28] rapidtrades : wurstgelee: again how is that the exchange problem
[2016-11-01 21:51:32] gustavo7 : lol
[2016-11-01 21:51:50] wurstgelee : rapidtrades: if u are an exchange an want all users get fucked over by your MM....go on
[2016-11-01 21:51:52] wurstgelee : great idea
[2016-11-01 21:51:54] wurstgelee : oO
[2016-11-01 21:52:11] wurstgelee : i bet thats great press
[2016-11-01 21:52:15] rapidtrades : pretty sure that's what's been happening here for the past few days
[2016-11-01 21:52:27] john1243 : what's your prediction for ZEC on dec 30th?
[2016-11-01 21:52:28] wurstgelee : doesnt need MM here
[2016-11-01 21:52:40] wurstgelee : needs a few guys who know that shorting is suicide here atm
[2016-11-01 21:52:44] wurstgelee : with a few btc
[2016-11-01 21:52:46] wurstgelee : thats all
[2016-11-01 21:52:52] Apocalyptic : orly: nobody was lending anything on release, but I see your point
[2016-11-01 21:53:13] wurstgelee : those shorting at .4 will regret it again.
[2016-11-01 21:53:16] wurstgelee : and again.
[2016-11-01 21:53:23] rapidtrades : maybe some chinese exchange will pick it up
[2016-11-01 21:53:35] Apocalyptic : any news on when marking comes in for zec ?
[2016-11-01 21:53:40] wurstgelee : nope
[2016-11-01 21:53:47] rapidtrades : latest dec 1 @Apocalyptic
[2016-11-01 21:53:54] wurstgelee : some people asked today, i didnt read any answers
[2016-11-01 21:54:04] john1243 : what is marking going to do to futures prices?
[2016-11-01 21:54:04] wurstgelee : are there any news regarding marking?
[2016-11-01 21:54:10] rapidtrades : i'm betting on second half of november
[2016-11-01 21:54:10] wurstgelee : stability
[2016-11-01 21:54:24] rapidtrades : likely last week :)
[2016-11-01 21:54:25] public username 321 : someone said margintrading of zec was enabled on finex. It's not true.
[2016-11-01 21:54:34] wurstgelee : ofc its not. lol :D
[2016-11-01 21:54:42] wurstgelee : public username 321: did u read that in polo trollbox? :D
[2016-11-01 21:54:46] rapidtrades : they should at least remove the cap and allow symmetrical trading
[2016-11-01 21:54:58] john1243 : yeah but stability in what way? would it trade it to spot and liquidate everyone?
[2016-11-01 21:55:01] public username 321 : wurstgelee: nope, in this box like 10 minutes ago
[2016-11-01 21:55:11] public username 321 : i went and checked. The margin market isn't open.
[2016-11-01 21:55:52] wurstgelee : have a fixed order running at nicehash again for testing purposes
[2016-11-01 21:56:28] wurstgelee : john1243: its traded at where the market thinks it will be on dec 30
[2016-11-01 21:56:33] wurstgelee : settlement date
[2016-11-01 21:56:55] rapidtrades : keep ur eyes and ears open for ZEC margin trading
[2016-11-01 21:57:13] rapidtrades : once u get that it will be an easy 3x-4x arb opportunity
[2016-11-01 21:57:18] john1243 : wurstgelee: ok, but then how does marking bring stability?
[2016-11-01 21:58:19] wurstgelee : because lastprice marking enables people with money to easily margin call shorts and cause ADL in illiquid market
[2016-11-01 21:58:39] rapidtrades : marking brings stability because polo has 6.3k volume while we have only 0.186k
[2016-11-01 21:58:46] wurstgelee : also easily margin call longs....but thats a lot harder at current levels
[2016-11-01 21:58:54] rapidtrades : the difference means this market is very easy to manipulate atm
[2016-11-01 21:59:00] wurstgelee : that
[2016-11-01 21:59:25] rapidtrades : u only need 100-200 btc to margin call all shorts below 10
[2016-11-01 21:59:37] wurstgelee : lastPrice marking is worse than marking to polo now would be imo...
[2016-11-01 21:59:47] wurstgelee : a lot
[2016-11-01 22:00:01] rapidtrades : yes because like i said earlier it favors shorting
[2016-11-01 22:00:11] john1243 : but what does marking do?
[2016-11-01 22:00:19] wurstgelee : yeah, but we already had enough lengthy discussions..
[2016-11-01 22:00:25] wurstgelee : its up to the admins anyways
[2016-11-01 22:00:29] rapidtrades : short at 0.39, u take out the bid and lower ur margin for next short ...then u sell at 0.38 etc..
[2016-11-01 22:00:55] rapidtrades : it's very easy for shorters to margin themselves and push prices down
[2016-11-01 22:00:57] wurstgelee : lol what`?
[2016-11-01 22:01:02] wurstgelee : current market favors shorting?
[2016-11-01 22:01:19] wurstgelee : here?
[2016-11-01 22:01:22] rapidtrades : yes because every short u can is at lower price and margin req
[2016-11-01 22:01:23] wow such volatility : giddy up btc
[2016-11-01 22:01:38] wurstgelee : wow such volatility: great handle
[2016-11-01 22:01:39] wurstgelee : grats
[2016-11-01 22:01:42] wurstgelee : ;)
[2016-11-01 22:01:52] rapidtrades : if it was tied to polo somehow, even at 300% basis, margin would stay the same
[2016-11-01 22:01:57] wow such volatility : :)
[2016-11-01 22:02:19] j8 : if they mark it with polo and impact mid price then it's actually possible to manipulate it on either market. don't really see how that's an improvement
[2016-11-01 22:02:38] wurstgelee : rapidtrades: how many longs getting liquidated did u witness recently? and how many shorts?
[2016-11-01 22:02:55] wurstgelee : the current market isnt in favor of people who longed @ 3btc, that is your problem
[2016-11-01 22:02:57] wurstgelee : nothing else
[2016-11-01 22:03:03] rapidtrades : wurstgelee: but prices are back down aren't then
[2016-11-01 22:03:32] wurstgelee : rapidtrades: at exactly those levels where everyone with a half functioning brain longed the last 2 times....
[2016-11-01 22:03:39] wurstgelee : now think again :)
[2016-11-01 22:03:54] rapidtrades : look u sell to 0.38 now this means last price is 0.38....meaning margin for ur nxt short is now .19
[2016-11-01 22:03:55] wurstgelee : .3-.4 ...
[2016-11-01 22:04:08] wurstgelee : lol...why selling ffs?
[2016-11-01 22:04:10] rapidtrades : then u sell at 0.35 and now ur margin req drops to 0.175
[2016-11-01 22:04:23] rapidtrades : see what i mean? it gets cheaper to short
[2016-11-01 22:04:25] wurstgelee : wait for the inevitable march up and let ADL do the job
[2016-11-01 22:04:30] wurstgelee : that simple
[2016-11-01 22:04:51] rapidtrades : i'm not saying to short, just that using last for margin is a terrible idea
[2016-11-01 22:04:59] wurstgelee : buy .3-.4 , 1x, lean back, wait. $$$
[2016-11-01 22:05:16] wurstgelee : check recent trades
[2016-11-01 22:05:19] rapidtrades : u misunderstood what i was trying to say
[2016-11-01 22:05:27] wurstgelee : why do u think do they all get filed
[2016-11-01 22:05:32] wurstgelee : lots of hidden orders... ;)
[2016-11-01 22:05:46] wurstgelee : rapidtrades: u said the market favors shorts, i say the market fucks shorts
[2016-11-01 22:06:02] rapidtrades : oh ffs
[2016-11-01 22:06:41] wurstgelee : i know what you are trying to tell me
[2016-11-01 22:06:43] wurstgelee : but its wrong
[2016-11-01 22:06:52] rapidtrades : it is not wrong its math
[2016-11-01 22:06:53] wurstgelee : ofc shorters can push the mark price down a tad
[2016-11-01 22:06:56] wurstgelee : but that doesnt matter ffs
[2016-11-01 22:07:16] wurstgelee : they can do it until longs are filled and shorts get fucked
[2016-11-01 22:07:24] rapidtrades : that's why exchanges use set margin for contracts and adjust it periodically
[2016-11-01 22:07:29] wurstgelee : which is possible because of that kastPrice marking you say is in favor of shorts
[2016-11-01 22:07:33] rapidtrades : like actual futures exchanges
[2016-11-01 22:07:34] wurstgelee : ;)
[2016-11-01 22:07:46] rapidtrades : noone marks margin to last, it's just dumb
[2016-11-01 22:08:08] wurstgelee : there wasnt another vviable solution before launch
[2016-11-01 22:08:16] wurstgelee : but now its not so clever..i agree
[2016-11-01 22:08:31] orly : imo the real problem is, while shorting a dec30 ZEC future at .4 itself is obviously a great and profitable idea, noone has any idea what marking will do to such a low volume market and how much margin is therefore truly needed
[2016-11-01 22:08:52] wurstgelee : orly: yes, thats part of the problem
[2016-11-01 22:09:14] wurstgelee : but i disagree with one thing:
[2016-11-01 22:09:23] wurstgelee : zec wont be below .4 @ dec 30
[2016-11-01 22:09:26] wurstgelee : ;)
[2016-11-01 22:09:47] rapidtrades : but if they tie it to outside source then u won't get the cascading margin effect I talked about earlier
[2016-11-01 22:09:59] wurstgelee : 2 months....not even 2. still so early in the game....
[2016-11-01 22:10:03] rapidtrades : cos now margin will be set based on the polo
[2016-11-01 22:10:16] orly : wurstgelee: oh come on, hype dies faster than that
[2016-11-01 22:10:31] wurstgelee : orly: eth didnt
[2016-11-01 22:10:31] john1243 : at 0.4 on DEC 30th, that would give it a 100 million marketcap
[2016-11-01 22:10:34] wurstgelee : zec wont
[2016-11-01 22:10:51] wurstgelee : john1243: yes
[2016-11-01 22:10:55] wurstgelee : whats the cap of eth again?
[2016-11-01 22:11:06] rapidtrades : not gonna lie, i hate coin fundamenals but 100mil seems low for this amount of hype
[2016-11-01 22:11:20] wurstgelee : exactly....
[2016-11-01 22:11:26] john1243 : ETH sat at $1 for a year before it began to rise
[2016-11-01 22:11:49] john1243 : and it's mining was as low as 30k USD a day
[2016-11-01 22:12:00] public username 321 : why would the zec-pump-whale pump against that kind of inflation? It's bad business for him.
[2016-11-01 22:12:07] wurstgelee : it has a great backing, a purpose media the GENERAL public can easily understand and embrace - anonimity and privacy, everyone loves it nowadays)
[2016-11-01 22:12:12] rapidtrades : 2 yes baby
[2016-11-01 22:12:21] wurstgelee : it will be darknets darling
[2016-11-01 22:12:23] rapidtrades : i think we're stable now
[2016-11-01 22:12:29] rapidtrades : fingers crossed
[2016-11-01 22:12:40] john1243 : yeah but 100 million for 1 privacy feature that can be implemented in other coins?
[2016-11-01 22:12:47] wurstgelee : eth is hard to sell to non.techies....
[2016-11-01 22:12:50] wurstgelee : zec is not!
[2016-11-01 22:13:00] micmix : warning - okc dump
[2016-11-01 22:13:02] rapidtrades : yeah ZEC is the one true coin
[2016-11-01 22:13:03] wurstgelee : also zerocash sounds a lot cooler than ethereum...
[2016-11-01 22:13:07] orly : wurstgelee: monero and dash don't have that market cap imo, with similar feature offerings
[2016-11-01 22:13:08] wurstgelee : thats important, marketingwise
[2016-11-01 22:13:23] wurstgelee : orly: monero and dash are no match
[2016-11-01 22:13:23] orly : wurstgelee: without trusted setup.
[2016-11-01 22:13:27] REKT : Liquidated long on `ZECZ16`: Sell 2 @ 0.390542
[2016-11-01 22:13:35] rapidtrades : orly: but at the peak monero had close o 200mil market cap
[2016-11-01 22:13:41] wurstgelee : orly: thats a thing now..a problem for some
[2016-11-01 22:13:50] wurstgelee : not in the future..doesnt matter
[2016-11-01 22:13:59] wurstgelee : ceremony was convincing enough for most
[2016-11-01 22:14:15] john1243 : monero also didn't have inflation of 100%+
[2016-11-01 22:14:26] rapidtrades : yes that ceremony was beautiful
[2016-11-01 22:14:34] wurstgelee : john1243: dont forget: the futures here settle on dec 30
[2016-11-01 22:14:39] wurstgelee : the supply then is 300k
[2016-11-01 22:14:47] wurstgelee : nothing
[2016-11-01 22:15:00] john1243 : 342k to be exact
[2016-11-01 22:15:13] wurstgelee : minus locked dev funds
[2016-11-01 22:15:17] wurstgelee : ~ 300k
[2016-11-01 22:15:18] orly : rapidtrades: 200mil maybe on the hype about darknet embracing it, which is arguably the biggest market for anonym coins...but even so the hype died in weeks
[2016-11-01 22:15:20] wurstgelee : ;)
[2016-11-01 22:15:28] wurstgelee : well ok, they are a part of the market cap
[2016-11-01 22:15:32] wurstgelee : but not of the volatile mass
[2016-11-01 22:15:44] wurstgelee : market prices that in-> hgiher price
[2016-11-01 22:15:47] wurstgelee : *higher
[2016-11-01 22:16:08] john1243 : but eventually all mined coins end up on the market
[2016-11-01 22:16:19] wurstgelee : john1243: doesnt matter for these futures here
[2016-11-01 22:16:27] wurstgelee : they settle on december 30th
[2016-11-01 22:16:39] wurstgelee : the price then is what counts
[2016-11-01 22:16:48] john1243 : 30 million marketcap would be generous by the end of the year
[2016-11-01 22:16:56] wurstgelee : nope, will be more