Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
yefi
on 04/08/2016, 23:26:46 UTC
https://twitter.com/btcWhaleclub/status/761330711165100032

dunno how true this is but here you go. bitfinex plan to issue some type of coin to pay dividends on future bitfinex profits and poloniex are gonna trade it. looks like they'll be back in business soon if this is the real deal.

I thought they lost less than half the coins, so why the 63% haircut? I wouldn't be surprised if they did try to go down this route, however. When Poloniex got hacked for 10-15% they did similarly, with a haircut and then gradual reimbursement from their trading fees. Running fractional reserve, in contract, would just cause a run on withdrawals.