Quote from: aminorex on August 26, 2016, 09:50:24 AM

Quote from: DaveyJones on August 26, 2016, 09:43:08 AM

Quote from: sammy007 on August 26, 2016, 09:35:56 AM

Quote from: DaveyJones on August 26, 2016, 09:06:56 AM

Lucky you ... my loan was closed when we hit 950 :/

I am not sure if there is something more idiotic than giving away your coins to dump for a tiny fraction of it.
Your loan closed because idiot who tried to short your coins got liquidated, you are lucky because under some circumstances you can receive back less coins than you lent.

sammy007 as far as i know every squeezed margin position on Polo got paid back to the lender, i have yet to hear about someone who did not get his coins back. 2.5x leverage aint that big of a leverage to risk that... i think polo´s liquidation algorithm is good enough for that. Also like i said before... if you are afraid of losing it, put it into cold wallet.

One or the other will inevitably occur: liquidation loss (small) and/or exchange hack/bankruptcy. Polo is AFAICT a very tight ship, but it is not immune to physics. We cannot diversify and decentralize fast enough for me. We are outgrowing Polo. Competitors will recognize this soon enough.

This is the reason why i always say, BTC network effects are not a plus to BTC.... everything that get´s successful by its own will get the network effect + hashrate + anything else the network effect preachers tell. it is kind of a law of nature.