Post
Topic
Board Service Discussion (Altcoins)
Re: Polo is insolvent (spidey senses tell me so)
by
stoniestfool
on 03/08/2017, 06:15:04 UTC
Reason Why.

Polo is not playing with the BCH.  Literally costing them $1Ms per day in fees.
Also they froze the LTC wallets.  Steemians always bitch about withdraws.
Loads of other wallets are 'in maintenance'.

The whitefish is a bit stinky!

Another reason is they might have deposited (your) BTC on Bittrex and Bitfinex to corner the market and make a killing.

I HAVE NO EVIDENCE ... but I have a strong opinion based on observation.

The poll lacks a 'Maybe' option.

Anyway all your reasons for thinking Polo is insolvent doesn't really justify your hypothesis.  Exchanges like Bitstamp are also not having Bcash available for trading, so are they insolvent too?

Their wallets are in maintenance because their fixing a withdrawal bug that's been going on.  Finally!

Quote

Another reason is they might have deposited (your) BTC on Bittrex and Bitfinex to corner the market and make a killing.

I HAVE NO EVIDENCE ... but I have a strong opinion based on observation.


That's stupid.  If they really did, someone would have already noticed.

And no, how strong your opinion is would depend on the evidence.  You have none.
They are holding millions if not billions of btc. They have the private keys and yes they received bch for all the bitcoin their users have deposited. That is how the fork worked. Whoever holds the private key can use the same key on a bch wallet to claim thier bch. Whrn a user deposits btc on polo it becomes polo legal property. The use is essential provided an iou.