Quote from: Im not a robot on November 25, 2017, 10:19:53 PM

Quote from: JayJuanGee on November 25, 2017, 09:59:17 PM

Quote from: jbreher on November 25, 2017, 11:22:10 AM

Quote from: JayJuanGee on November 25, 2017, 10:45:50 AM

Quote from: jbreher on November 25, 2017, 06:11:52 AM

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Quote from: JayJuanGee on November 24, 2017, 11:21:40 PM

Sure, Bitfinex had several opportunities already to employ an exchange exit scam -

For all we know, they have already executed two partial exit scams.

If you want to ground your views of the world on conspiracy theories, then sure that is possible.

I've seen enough exit scams. I know the way this story usually ends. 'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?

You don't know shit.... You are merely, guessing, assuming, speculating and also coming to too strong of a conclusion that there is a scam going on based on pretty skimpy evidence, even if you are proclaiming to have some kind of "gut feeling"

You're right. I don't know shit about Bitfiniex's situation. Which is why I don't trust them with my money.

'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?

Yeah, keep repeating your tagline, which is your last sentence to suggest that there is only one way in which the free market works....

Sure, we can have audits, and sure that would be helpful, but in the end, we have numerous people making choices to use the bitfinex service - and USA individual folks have been excluded from such choice by Bitfinex's own business decisions. Bitfinex also likely bans other kinds of accounts or does not verify every Tom, Dick or Harry that walks in the door - yet, they seem to continue to have enough of these Tom, Dicks and Harries to keep their business going - and maybe you could be correct, that some day they will do an exit scam.. perhaps... so keep whining about it, and try to scare people away from using their service.. maybe some people will believe and surely others will not, and perhaps, Bitfinex will chose, at some point, to change some of it's offerings or to improve its credibility through an audit or some other method that they choose, instead of an audit...

We are still in a kind of bitcoin wild, wild west, to some degree, which is both good and bad, but it is our current environment - and they don't have to do an audit, as you seem to be whining your preference as if it should be some kind of rule.

It's disturbing that talking about red flags regarding the practices of an exchange and a potentially fraudulent currency they have created is considered 'whining'. To me it seems that it's dismissed so quickly because it would mean a (healthy) correction and everyone just wants that quick easy money.

I've read sentiments on this forum that bitcoin is 'too big to fail' now and earlier in this thread someone said something to the effect that even if it's true that bitfinex is printing their own money to prop up the market that perhaps they are doing it out of benevolence... 'too big to fail'? ...Defending a centralized authority controlling market direction? If the community refuses to take this seriously and demand clarity then even if bitcoin reaches $500k it's a failure imo.

Meet the new boss, same as the old boss.

Stop fucking exaggerating and defending jbreher.

It is one exchange. Of course it is important, and of course we do not want exchanges engaging in fractional reserve banking and other kind of corruption, but merely because someone like me down plays some of the impact of Bitfinex, it does not mean that I do not consider their shenanigans, to the extent that they might exist to be problematic; however, there are all kinds of nutjob and unsubstantiated conspiracies that are framing the situation as black and white and also proclaiming doom and gloom and spreading FUD based on little to no evidence, including yourself when you go to support jbreher and the other Bitfinex fearmongering and attempting to suggest that an "ought" must be an "is" and imposing your own ideas on a decentralized and multifaceted space, in which one part is Bitfinex.