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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
TheQuin
on 08/11/2017, 06:41:25 UTC
In case of a leisurely bitfinex support:

1) Who remember at what moment bitfinex has sent Bitcoin Cash tokens to user accounts at August 1st?
    What will happen if I close BTCUSD long on Bitfinex right after finding the forkblock number 494784 but early then Bitfinex add B2X tokens?
    (looks like rhetorical question. Indeed I sent this question to support 3 weeks ago)

I mean how fast Bitfinex makes snapshot of blockchain after the fork? Can I close BTCUSD long at the next moment after forkblock? Any ideas?

I can't be exact as I wasn't watching at the precise time of the fork but as nobody else has answered you I'll try and help. I logged in a couple of hours after the fork and the new coin was already available. My understanding is that a snapshot of all balances is done at the exact time the fork block is mined and then it just takes a little while for the database to be updated with each new balance, so yes as I understand it you can close out any position immediately after block 494,784 is confirmed.

As I told someone else on the last page:

Bitfinex abandoned this forum and thread a long time ago. If you need confirmation that what I told you is correct I think you'll have more chance of getting a response on  /r/bitcoin or /r/bitcoinmarkets.

Several people have told me that the best way to get a response from Bitfinex is to hassle them on Reddit.

2) Second case: Why are such low rates on USD lending? Approximately 1% of the costs can be obtained 20% (the cost of B2X token relative to BTC price) (very confusing moment)

This is related to the discussion I was having above with deisik about BTC lending rates going up. We have different views but I get the feeling that people are mostly going flat and waiting so they have funds ready to react if the fork does impact the price.