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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
The following is a message to all Bitfinex customers who were affected by the hack on August 2, 2016.
You probably remember that, after the hack, Bitfinex implemented a 36.067% haircut for all users and distributed BFX tokens ("without release or waiver" [3]) to users in return. Each BFX token had a nominal face value of 1 USD but had a real value in the free market of less than 20 cents at the time of distribution [4]. That is, if Bitfinex deducted crypto and fiat currency worth a total of, say, 1000 USD from a customer's account, the customer was credited with 1000 BFX. At the then-market value of below 20 cents per BFX token, this effectively meant Bitfinex caused damages of more than 800 USD to the customer. Using Bitfinex's own Bitcoin exchange rate of 604.06 USD at the time, this corresponds to more than 1.32 BTC.
Fast forward to 2022: The hackers were caught, and 95k BTC were recovered. I firmly believe that customers like the one in the example above own at least their proportional share of these BTC (including the forks). While I promptly wrote to both Bitfinex and the DoJ in 2022 to register my claims, neither responded. Last week, I discovered - purely by chance - that the DoJ plans to transfer the entire recovered 95k BTC directly to Bitfinex, leaving users empty-handed [2] p.19. In particular, Bitfinex does not intend to compensate the users affected in 2016, because "iFinex believes that it is the sole victim with sustained financial losses from the hack" [1] p.4.
United States Attorney Matthew M. Graves' justification for this decision reveals several deeply troubling issues:
1. In a glaring contradiction, he states that "the government's position is that there are no victims of the offenses of conviction" [1] p.5 and therefore users have no right to restitution [1] p.5 Footnote 2. Yet simultaneously, the government requests that the seized cryptocurrencies be returned as in-kind restitution to Bitfinex [2] p.19, effectively blocking users from accessing their rightful property.
2. He bases this position partly on the fact that "Defendant Ilya Lichtenstein and Defendant Heather Rhiannon Morgan .. maintain that the only potential victim for CVRA or MVRA purposes, if any, is Bitfinex." [1] p.2. It's strange that the hackers' opinion is being considered in determining who legally qualifies as a victim.
3. His presentation of the BFX token situation is fundamentally misleading. He claims ".. customers holding BFX tokens then had the choice of .. (2) redeeming their BFX tokens for a cash payment from Bitfinex, at a rate of $1 per BFX token .." while omitting that this option only became available many months after the hack and BFX distribution [1] p.3,4. Even more egregiously, he states: "In short, according to iFinex, all customers on VICTIM VCE's platform immediately following the hack had the same options: sell their BFX tokens .. back to VICTIM VCE for cash" [1] p.4. This is demonstrably false. In the immediate aftermath of the hack, BFX tokens traded below 20 cents [4], and Bitfinex made no cash offer (the BFX token was created precisely because Bitfinex lacked funds to compensate for the theft). The United States Attorney attributes these statements to iFinex - either he fabricated this or Bitfinex provided false information.
4. His claim that "The government has attempted to locate those victims, including by requesting a list of all accountholders from VICTIM VCE, but such efforts have been unsuccessful" [1] p.6,7 is absurd. Bitfinex could easily have notified its former customers via email. While Bitfinex's reluctance to do so is unsurprising, it's troubling that the United States Attorney apparently made no effort to compel such notification. Despite my 2022 communications to both the DoJ and Bitfinex, I received no notification and only learned about the planned transfer by chance.
Also concerning is the current timeline: Bitfinex victims are required to "submit a statement by no later than November 12, 2024" [5], despite the announcement apparently only being made at the end of October. This extremely short deadline appears deliberately prohibitive, especially given that many affected users likely haven't even learned about this opportunity yet - a direct consequence of the aforementioned inadequate notification practices. Notably, [5] only mentions impact statements, while [1] had announced giving users an opportunity to advance potential claims for victim rights and/or restitution [1], p.1 and p.9.
It's crucial to note that the stolen BTC were never Bitfinex's property. According to Bitfinex's own Terms of Service at the time, "all bitcoins in your Multi-Signature Wallets belong to and are owned by you."
Given these circumstances, I have engaged legal counsel last week, and we are currently preparing legal action. If you were also affected by the 2016 Bitfinex hack, I encourage you to contact me via forum PM for coordinating our strategy and potential joint legal action.
References:
[1] https://docs.dbnews.com/u/Bitfinex-Victim-Rights-Notification.pdf
[2] https://www.tbstat.com/wp/uploads/2024/10/show_temp-1.pdf
[3] https://www.bitfinex.com/posts/129
[4] https://www.bitfinex.com/posts/494
[5] https://www.justice.gov/usao-dc/2016-bitfinex-hack
You probably remember that, after the hack, Bitfinex implemented a 36.067% haircut for all users and distributed BFX tokens ("without release or waiver" [3]) to users in return. Each BFX token had a nominal face value of 1 USD but had a real value in the free market of less than 20 cents at the time of distribution [4]. That is, if Bitfinex deducted crypto and fiat currency worth a total of, say, 1000 USD from a customer's account, the customer was credited with 1000 BFX. At the then-market value of below 20 cents per BFX token, this effectively meant Bitfinex caused damages of more than 800 USD to the customer. Using Bitfinex's own Bitcoin exchange rate of 604.06 USD at the time, this corresponds to more than 1.32 BTC.
Fast forward to 2022: The hackers were caught, and 95k BTC were recovered. I firmly believe that customers like the one in the example above own at least their proportional share of these BTC (including the forks). While I promptly wrote to both Bitfinex and the DoJ in 2022 to register my claims, neither responded. Last week, I discovered - purely by chance - that the DoJ plans to transfer the entire recovered 95k BTC directly to Bitfinex, leaving users empty-handed [2] p.19. In particular, Bitfinex does not intend to compensate the users affected in 2016, because "iFinex believes that it is the sole victim with sustained financial losses from the hack" [1] p.4.
United States Attorney Matthew M. Graves' justification for this decision reveals several deeply troubling issues:
1. In a glaring contradiction, he states that "the government's position is that there are no victims of the offenses of conviction" [1] p.5 and therefore users have no right to restitution [1] p.5 Footnote 2. Yet simultaneously, the government requests that the seized cryptocurrencies be returned as in-kind restitution to Bitfinex [2] p.19, effectively blocking users from accessing their rightful property.
2. He bases this position partly on the fact that "Defendant Ilya Lichtenstein and Defendant Heather Rhiannon Morgan .. maintain that the only potential victim for CVRA or MVRA purposes, if any, is Bitfinex." [1] p.2. It's strange that the hackers' opinion is being considered in determining who legally qualifies as a victim.
3. His presentation of the BFX token situation is fundamentally misleading. He claims ".. customers holding BFX tokens then had the choice of .. (2) redeeming their BFX tokens for a cash payment from Bitfinex, at a rate of $1 per BFX token .." while omitting that this option only became available many months after the hack and BFX distribution [1] p.3,4. Even more egregiously, he states: "In short, according to iFinex, all customers on VICTIM VCE's platform immediately following the hack had the same options: sell their BFX tokens .. back to VICTIM VCE for cash" [1] p.4. This is demonstrably false. In the immediate aftermath of the hack, BFX tokens traded below 20 cents [4], and Bitfinex made no cash offer (the BFX token was created precisely because Bitfinex lacked funds to compensate for the theft). The United States Attorney attributes these statements to iFinex - either he fabricated this or Bitfinex provided false information.
4. His claim that "The government has attempted to locate those victims, including by requesting a list of all accountholders from VICTIM VCE, but such efforts have been unsuccessful" [1] p.6,7 is absurd. Bitfinex could easily have notified its former customers via email. While Bitfinex's reluctance to do so is unsurprising, it's troubling that the United States Attorney apparently made no effort to compel such notification. Despite my 2022 communications to both the DoJ and Bitfinex, I received no notification and only learned about the planned transfer by chance.
Also concerning is the current timeline: Bitfinex victims are required to "submit a statement by no later than November 12, 2024" [5], despite the announcement apparently only being made at the end of October. This extremely short deadline appears deliberately prohibitive, especially given that many affected users likely haven't even learned about this opportunity yet - a direct consequence of the aforementioned inadequate notification practices. Notably, [5] only mentions impact statements, while [1] had announced giving users an opportunity to advance potential claims for victim rights and/or restitution [1], p.1 and p.9.
It's crucial to note that the stolen BTC were never Bitfinex's property. According to Bitfinex's own Terms of Service at the time, "all bitcoins in your Multi-Signature Wallets belong to and are owned by you."
Given these circumstances, I have engaged legal counsel last week, and we are currently preparing legal action. If you were also affected by the 2016 Bitfinex hack, I encourage you to contact me via forum PM for coordinating our strategy and potential joint legal action.
References:
[1] https://docs.dbnews.com/u/Bitfinex-Victim-Rights-Notification.pdf
[2] https://www.tbstat.com/wp/uploads/2024/10/show_temp-1.pdf
[3] https://www.bitfinex.com/posts/129
[4] https://www.bitfinex.com/posts/494
[5] https://www.justice.gov/usao-dc/2016-bitfinex-hack
Thanks for all your answers.
@khaled0111: Yes @Pmalek is correct. The reason for the German "[imported, nur lesen]" in the screenshot is that it's a watch-only wallet, that is, I imported the address without providing the corresponding private key.
@Abdussamad, @nc50lc: I just created a Github issue. See here: https://github.com/spesmilo/electrum/issues/8067
@khaled0111: Yes @Pmalek is correct. The reason for the German "[imported, nur lesen]" in the screenshot is that it's a watch-only wallet, that is, I imported the address without providing the corresponding private key.
@Abdussamad, @nc50lc: I just created a Github issue. See here: https://github.com/spesmilo/electrum/issues/8067
⭐ Merited by Pmalek (1)
Hi nc50lc, thanks for the clarification.
So, it's not Electrum which can't handle the many transactions, but it's the servers which aren't willing to provide a history that long, correct?
But still, I would have expected that Electrum let's the user know that there is a problem and, therefore, the shown values can't be trusted. Instead, as shown in the screenshot of my last post, everything seems to be fine from the GUI user's perspective (green ball in the lower right corner and no error message).
So, it's not Electrum which can't handle the many transactions, but it's the servers which aren't willing to provide a history that long, correct?
But still, I would have expected that Electrum let's the user know that there is a problem and, therefore, the shown values can't be trusted. Instead, as shown in the screenshot of my last post, everything seems to be fine from the GUI user's perspective (green ball in the lower right corner and no error message).
I use Electrum 4.3.2 in Windows 10 and imported the address bc1q4c8n5t00jmj8temxdgcc3t32nkg2wjwz24lywv
Electrum shows me 0 transactions and 0 balance for this address, while https://www.blockchain.com/btc/address/bc1q4c8n5t00jmj8temxdgcc3t32nkg2wjwz24lywv shows 31,047 transactions and a final balance of 8556.92711380.
Why does Electrum have problems with this address?
Electrum shows me 0 transactions and 0 balance for this address, while https://www.blockchain.com/btc/address/bc1q4c8n5t00jmj8temxdgcc3t32nkg2wjwz24lywv shows 31,047 transactions and a final balance of 8556.92711380.
Why does Electrum have problems with this address?
Just wanted to make everybody aware that Poloniex, the exchange affiliated with Tron and Justin Sun, is actively scamming its customers. See here for details: https://hjalmarpeters.medium.com/how-poloniex-enriches-itself-by-screwing-its-customers-2002b61dced0
Just published: https://medium.com/@HjalmarPeters/how-poloniex-enriches-itself-by-screwing-its-customers-2002b61dced0
"Conclusion:
Poloniex takes the ETC of its customers hostage in order to generate artificial low prices at its domestic markets. It then buys cheap ETC at its own markets and resells them on other cryptocurrency exchanges at the regular, higher price. Yesterday (May 5) alone, Poloniex netted at least half a million USD this way. This profit comes at the expense of Poloniex’s customers."
"Conclusion:
Poloniex takes the ETC of its customers hostage in order to generate artificial low prices at its domestic markets. It then buys cheap ETC at its own markets and resells them on other cryptocurrency exchanges at the regular, higher price. Yesterday (May 5) alone, Poloniex netted at least half a million USD this way. This profit comes at the expense of Poloniex’s customers."
Poloniex does not only socialize losses but also actively enriches itself on the expense of its customers:
https://medium.com/@HjalmarPeters/how-poloniex-enriches-itself-by-screwing-its-customers-2002b61dced0
https://medium.com/@HjalmarPeters/how-poloniex-enriches-itself-by-screwing-its-customers-2002b61dced0
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
⭐ Merited by PrimeNumber7 (1)
I just read this announcement from Bitfinex: https://www.bitfinex.com/posts/465
Why is there such a big announcement only because some crypto hedge fund is using Bitfinex? Is this hedgefund more involved with Bitfinex than just being a customer so that this announcement is actually relevant to other Bitfinex clients (e.g. regarding risk assessment)?
I noticed from the anouncement that both, this hedge fund and Bitfinex, are tied to Deltec (the Bahamans-based bank providing banking service to Tether).
Why is there such a big announcement only because some crypto hedge fund is using Bitfinex? Is this hedgefund more involved with Bitfinex than just being a customer so that this announcement is actually relevant to other Bitfinex clients (e.g. regarding risk assessment)?
I noticed from the anouncement that both, this hedge fund and Bitfinex, are tied to Deltec (the Bahamans-based bank providing banking service to Tether).
If you are an ANC whale, then please read the below!
According to the current roadmap ANC will transition to I2Cash: https://github.com/I2Cash/docs/blob/master/FAQ.md
I2Cash will be a cryptocurrency without a blockchain that nevertheless is supposed to get by without trusted third party. Personally, I am sceptical as to whether I2Cash will manage to solve the double-spend problem and reach consensus without blockchain. (After all, blockchain tech is there for a reason..)
The important thing to note with regard to the following, however, is that after this transition, the current ANC chain and the Anoncoin brand will be vacant.
Today I came across the following article: https://www.coindesk.com/starkware-6million-startup-funding-zkstarks/
These guys offer to implement zk-stark technology into a crypto currency in exchange for tokens. Now, wouldn't that be a perfect fit?
Anoncoin offers a great name and an old chain with a focus on anonymity (such as I2P integration) from its inception. The only thing that was ever missing was the tech to anonymize transactions such as RSA UFOs or similar. On the other hand there are these guys which are looking for a coin to include their anonymity tech.
So, how about coming up with a decent percentage of ANC's total coin supply and offer this percentage in exchange for implementing zk-starks? After all, there's nothing to lose since, as mentioned above, the current Anoncoin will be vacant in the near future.
While I'm not a whale, in order to make the first step, I pledge 3000 ANC for this purpose.
Dear Exmo,
I have several SEPA withdrawals (CryptoCapital SEPA, MoneyPolo SEPA, Reiffeisen SEPA), as well as a Visa/MasterCard withdrawal, which all have the status "Paid" for weeks. The oldest being from December 23, 2017.
Please kindly email me when excatly you wired these withdrawals and to whom.
Ticket 320678
I have several SEPA withdrawals (CryptoCapital SEPA, MoneyPolo SEPA, Reiffeisen SEPA), as well as a Visa/MasterCard withdrawal, which all have the status "Paid" for weeks. The oldest being from December 23, 2017.
Please kindly email me when excatly you wired these withdrawals and to whom.
Ticket 320678
Hi Exmo,
I have several SEPA EUR withdrawals which have status "Paid" for weeks but haven't been credited to my bank account yet. The oldest is from December 25th. Please kindly have a look as to why they are still not processed.
Ticket 320678
I have several SEPA EUR withdrawals which have status "Paid" for weeks but haven't been credited to my bank account yet. The oldest is from December 25th. Please kindly have a look as to why they are still not processed.
Ticket 320678
Re: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***
Anyone from CEX around here? A couple of days ago I have asked for a bank transfer withdrawal for quite a big amount but I'm started to get concerned with all the bad advertising you have on internet and the time it will take to get processed.... (on other exchanges I get my money back after 1 to 3 days generally) but it seems I'll have to wait forever here as people speak about a month 
wtf.... How can you guys suck so much? It's not complicated to automate payment processing... I understand you might be massively understaffed and I feel sorry for you guys who have to go through all that mess. Pretty sure the management of your company is too retarded and cheap to realize you are just on the way to lose all your clients with this bad publicity.... If you don't fix all these issues ASAP you'll just go out of business in 6 months (I hope I'll have my money bad that time though) while the industry you are working in is exploding.... Great job!!!!
In any case I was just wondering if it is possible to cancel a bank transfer payment (not with a 1 month delay of course otherwise I'll just wait for my payment) since I'm just thinking to go to my bank and ask for a visa card to try withdrawing through visa it might be much faster.
I don't see any option to cancel my "forever" pending withdrawal request. Worst case I'll just get out with crypto... of course provided you pay enough fees for people to be able to get their transactions verified. I mean wtf are you doing as well with paying ridiculous fees so that crypto get stuck in the blockchain forever....
Anyways I hope I can get at least an answer that someone is looking at my issue since I'm not the kind of patient guy nor the kind of person who let it go. I got my lawyer on the phone today and he is ready to work whenever I tell him to.
Seriously I'm not angry at the poor support guys that might be working days and night but your bosses are just a bunch of fucking cheap d...ks.
wtf.... How can you guys suck so much? It's not complicated to automate payment processing... I understand you might be massively understaffed and I feel sorry for you guys who have to go through all that mess. Pretty sure the management of your company is too retarded and cheap to realize you are just on the way to lose all your clients with this bad publicity.... If you don't fix all these issues ASAP you'll just go out of business in 6 months (I hope I'll have my money bad that time though) while the industry you are working in is exploding.... Great job!!!!In any case I was just wondering if it is possible to cancel a bank transfer payment (not with a 1 month delay of course otherwise I'll just wait for my payment) since I'm just thinking to go to my bank and ask for a visa card to try withdrawing through visa it might be much faster.
I don't see any option to cancel my "forever" pending withdrawal request. Worst case I'll just get out with crypto... of course provided you pay enough fees for people to be able to get their transactions verified. I mean wtf are you doing as well with paying ridiculous fees so that crypto get stuck in the blockchain forever....
Anyways I hope I can get at least an answer that someone is looking at my issue since I'm not the kind of patient guy nor the kind of person who let it go. I got my lawyer on the phone today and he is ready to work whenever I tell him to.
Seriously I'm not angry at the poor support guys that might be working days and night but your bosses are just a bunch of fucking cheap d...ks.
number one, you can't cancel the withdraw request
number two, this is not a problem of the bank to bank transfer, it's only their internal processing time
number three, request is in pending because they are understaffed as you said and all withdrawals are going through some manual check procedure which takes a couple of days for the huge number of withdrawal requests they get every day
number four, it seems the delay for processing withdrawals is increasing, that means they get everyday more requests they can possibly process every day
number five, same situation here, expecting withdrawal to update from "pending" since Jan 5th. while previous withdrawals were processed after 48h and previously than that in 24h - while now it's already 3 full working days and no change ...
number six, they've always paid sooner or later, at least in my case, so don't worry too much, you'll get the money at the end
number seven, they promised they are working on this bottleneck situation/process and we'll see an improvement soon - I hope so because I'm not even worried anymore for my money but annoyed I can't do business faster because of their issues
number eight, I could go over and over with cex problems but I still consider they are honest in some way, not willing to scam anyone, but very very... extremely not organised and overwhelmed with the growth of the industry
good luck ...
ARTHurt, doyou have an idea what will happen to my btc?
https://blockchain.info/tx/7a9532803a68c995de2d1b269f765bccc61253cc27930a216ac0dea4d66baa93
If you're in control of the target address (i.e. if you didn't withdraw to e.g. another exchange) and if you need the coins urgently, you can bump up the fees yourself with a CPFP transaction (child pays for parent). I did this a few times myself when CEX didn't pay enough fees. However, with such a mega transaction as in your case, significantly bumping up the fees becomes really expensive.. .. I'm not sure whether this behaviour from CEX is stinginess or plain incompetence..
Stuck LTC withdrawal here; Ticket number #273749
My LTC just arrived. Thanks.
This is a short announcement on behalf of me, Meeh and a couple of friends who would like to work on the AnonCoin project.
TLDR;
Meeh and some other developers have started active development on Anoncoin. A new release expected in December. We have a Slack, talk with us here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
Intro.
Meeh started the project years ago, I've been around and following crypto for a few years. We've been talking about it for a while, but recently we decided to get together with a few more developers to work on Anoncoin again.
The blockchain is running, people are mining, but there has not been any activity on the git repo since June 19. After the delisting on BTC38 trading volume has been very low.
Community.
We would really like to revive the project and hope to see support from the community. There have been lots of people with valuable contributions over the years. Thanks to everyone, and especially the people who have kept the project alive for the last few years!
We will be active on both slack and IRC2P moving forwards. Hopefully, we can also manage to bring the Anoncoin Reddit back to life, it's a good place for new people to learn about the project. A new website is also being worked on.
All of this is suggestions and ideas. We want to hear from everyone with an interest in Anoncoin what they would like to see. We really want to see this project succeed and believe there is a huge potential, especially at this time with Bitcoin making new ATHs over and over and media is writing about cryptocurrencies constantly.
Goals.
In the coming 2 months, we would like to update the current codebase. We are planning to use the Actor Framework. The actor model has advantages with simpler scalability and concurrency. The goal is to have a new release ready in December.
For 2018 we have big plans that we would like to discuss with the community. We would like a new codebase, possibly based on CryptoNote instead of ZeroCoin. We would also like a more egalitarian PoW mining algorithm.
We will write in more detail about development goals in a roadmap soon, but it would be really good to hear what people think first. Talk with us on Slack here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
We are also at #anoncoin-dev on IRC2P.
TLDR;
Meeh and some other developers have started active development on Anoncoin. A new release expected in December. We have a Slack, talk with us here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
Intro.
Meeh started the project years ago, I've been around and following crypto for a few years. We've been talking about it for a while, but recently we decided to get together with a few more developers to work on Anoncoin again.
The blockchain is running, people are mining, but there has not been any activity on the git repo since June 19. After the delisting on BTC38 trading volume has been very low.
Community.
We would really like to revive the project and hope to see support from the community. There have been lots of people with valuable contributions over the years. Thanks to everyone, and especially the people who have kept the project alive for the last few years!
We will be active on both slack and IRC2P moving forwards. Hopefully, we can also manage to bring the Anoncoin Reddit back to life, it's a good place for new people to learn about the project. A new website is also being worked on.
All of this is suggestions and ideas. We want to hear from everyone with an interest in Anoncoin what they would like to see. We really want to see this project succeed and believe there is a huge potential, especially at this time with Bitcoin making new ATHs over and over and media is writing about cryptocurrencies constantly.
Goals.
In the coming 2 months, we would like to update the current codebase. We are planning to use the Actor Framework. The actor model has advantages with simpler scalability and concurrency. The goal is to have a new release ready in December.
For 2018 we have big plans that we would like to discuss with the community. We would like a new codebase, possibly based on CryptoNote instead of ZeroCoin. We would also like a more egalitarian PoW mining algorithm.
We will write in more detail about development goals in a roadmap soon, but it would be really good to hear what people think first. Talk with us on Slack here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
We are also at #anoncoin-dev on IRC2P.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
The announcement is correct.
I'm back with some devs.
We will start push code to github in a few days.
/Meeh
-----BEGIN PGP SIGNATURE-----
iHUEAREKAB0WIQSn3Actpn9JqZoSiUHhm9x0VGigZQUCWe0TgQAKCRDhm9x0VGig
ZcmIAQCHfNgQ8pdrgMqVGCJn0E2f2F7AitH87u9WcPnQ0RWpGwD/QQLZ1PnpcNM7
h/v9zXjt+vglhmMj7fQV8xMgwtUmIC0=
=saOj
-----END PGP SIGNATURE-----
FYI (maybe of interest when thinking about privacy enhancements for Anoncoin):
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-November/015283.html
https://eprint.iacr.org/2017/1066.pdf
@Meeh You might want to proivde a correct PGP Signature.
is this not a correct sig?
No, I don't think so. Did you check the signature and are of the opinion that it is valid?
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
https://www.reddit.com/r/BitcoinMarkets/comments/7ef1bo/daily_discussion_tuesday_november_21_2017/dq63pqt/
Form bfx_drew, who works at Bitfinex:
"Couple new things at Bitfinex:
1. Individual users can now access USD wires for deposits and withdrawals
2. Euro wires added for both corporate and individual accounts
3. First Euro trading pair, /t/BTC:EUR (https://www.bitfinex.com/t/BTC:EUR), now live."
Seems like they found a few banks for now, the EUR one seems to be a small bank in Poland.
Form bfx_drew, who works at Bitfinex:
"Couple new things at Bitfinex:
1. Individual users can now access USD wires for deposits and withdrawals
2. Euro wires added for both corporate and individual accounts
3. First Euro trading pair, /t/BTC:EUR (https://www.bitfinex.com/t/BTC:EUR), now live."
Seems like they found a few banks for now, the EUR one seems to be a small bank in Poland.
Are the EUR transfers done via SEPA? What fees do they charge?
This is a short announcement on behalf of me, Meeh and a couple of friends who would like to work on the AnonCoin project.
TLDR;
Meeh and some other developers have started active development on Anoncoin. A new release expected in December. We have a Slack, talk with us here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
Intro.
Meeh started the project years ago, I've been around and following crypto for a few years. We've been talking about it for a while, but recently we decided to get together with a few more developers to work on Anoncoin again.
The blockchain is running, people are mining, but there has not been any activity on the git repo since June 19. After the delisting on BTC38 trading volume has been very low.
Community.
We would really like to revive the project and hope to see support from the community. There have been lots of people with valuable contributions over the years. Thanks to everyone, and especially the people who have kept the project alive for the last few years!
We will be active on both slack and IRC2P moving forwards. Hopefully, we can also manage to bring the Anoncoin Reddit back to life, it's a good place for new people to learn about the project. A new website is also being worked on.
All of this is suggestions and ideas. We want to hear from everyone with an interest in Anoncoin what they would like to see. We really want to see this project succeed and believe there is a huge potential, especially at this time with Bitcoin making new ATHs over and over and media is writing about cryptocurrencies constantly.
Goals.
In the coming 2 months, we would like to update the current codebase. We are planning to use the Actor Framework. The actor model has advantages with simpler scalability and concurrency. The goal is to have a new release ready in December.
For 2018 we have big plans that we would like to discuss with the community. We would like a new codebase, possibly based on CryptoNote instead of ZeroCoin. We would also like a more egalitarian PoW mining algorithm.
We will write in more detail about development goals in a roadmap soon, but it would be really good to hear what people think first. Talk with us on Slack here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
We are also at #anoncoin-dev on IRC2P.
TLDR;
Meeh and some other developers have started active development on Anoncoin. A new release expected in December. We have a Slack, talk with us here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
Intro.
Meeh started the project years ago, I've been around and following crypto for a few years. We've been talking about it for a while, but recently we decided to get together with a few more developers to work on Anoncoin again.
The blockchain is running, people are mining, but there has not been any activity on the git repo since June 19. After the delisting on BTC38 trading volume has been very low.
Community.
We would really like to revive the project and hope to see support from the community. There have been lots of people with valuable contributions over the years. Thanks to everyone, and especially the people who have kept the project alive for the last few years!
We will be active on both slack and IRC2P moving forwards. Hopefully, we can also manage to bring the Anoncoin Reddit back to life, it's a good place for new people to learn about the project. A new website is also being worked on.
All of this is suggestions and ideas. We want to hear from everyone with an interest in Anoncoin what they would like to see. We really want to see this project succeed and believe there is a huge potential, especially at this time with Bitcoin making new ATHs over and over and media is writing about cryptocurrencies constantly.
Goals.
In the coming 2 months, we would like to update the current codebase. We are planning to use the Actor Framework. The actor model has advantages with simpler scalability and concurrency. The goal is to have a new release ready in December.
For 2018 we have big plans that we would like to discuss with the community. We would like a new codebase, possibly based on CryptoNote instead of ZeroCoin. We would also like a more egalitarian PoW mining algorithm.
We will write in more detail about development goals in a roadmap soon, but it would be really good to hear what people think first. Talk with us on Slack here: https://join.slack.com/t/anoncoin/shared_invite/enQtMjU3Njk3MjE3MjM1LTAwZjU5ZmEzYTc0ZTg3ZDkxMGYyY2NlNWFkZGVmOTg1MGJlNTIzOTIxZDQ1YjI4NjFkM2NkZjU5Zjg1YzQ2OTQ
We are also at #anoncoin-dev on IRC2P.
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The announcement is correct.
I'm back with some devs.
We will start push code to github in a few days.
/Meeh
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FYI (maybe of interest when thinking about privacy enhancements for Anoncoin):
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-November/015283.html
https://eprint.iacr.org/2017/1066.pdf
@Meeh You might want to proivde a correct PGP Signature.
Re: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***
Holy Crap!
so they have basically scammed me now??? Good thing I notice this already, after only like 10 trades I have done with them.... (and larger ones too....)
so they have basically scammed me now??? Good thing I notice this already, after only like 10 trades I have done with them.... (and larger ones too....)
I wouldn't call that scamming. Their margin trading facility is not intended to deliberately cheat on customers; it's simply a "quick and dirty" hack, with all the bugs and shortcomings that belong to it. Simply don't use it.
Re: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***
Any plans to make margin trading finally a bit useful at cex ?
I mean currently you can only close the whole position at once (1) and only at market price (2). This is absolutely horrible and every sane exchange would forbid every user to do such a rubbish
So margin trading is in fact just dangerous and not any benefit to anyone yet.
I mean currently you can only close the whole position at once (1) and only at market price (2). This is absolutely horrible and every sane exchange would forbid every user to do such a rubbish
So margin trading is in fact just dangerous and not any benefit to anyone yet.yeah I agree, those two things are pretty annoying.
Also I am having trouble understanding how the profit/loss from margin trading is calculated. Maybe somebody here can help me, I just closed a small position:
Code:
Position # Open date Close dat Type Leverage Amount Margin Open price Close price Stop loss Fee P/L
32323 2017-11-02 17:03:54 2017-11-02 20:08:57 Short 3 855.48 EUR 285.16 EUR 6110.5710 6074.6781 8512.2647 0.58 2.77 EUR
32323 2017-11-02 17:03:54 2017-11-02 20:08:57 Short 3 855.48 EUR 285.16 EUR 6110.5710 6074.6781 8512.2647 0.58 2.77 EUR
it was a 3:1 margin position, 0.14BTC short.
When I calculate this the profit is: (6110.571-6074.6781)*0.14 - 0.58 = 4.45
Then WHYYYY does it say profit: 2.77
I think I am going cazy.....
This is a bug with CEX.IOs margin trading facility. The amount of the resulting trading position is not only wrong, it even depends on the leverage you choose. For example, if you open a short position of 3 ETH with leverage 3, then only 2 ETH are sold; with leverage 2, it would be only 1.5 ETH.
I reported this bug on 7th of April to CEX.IO. However, the support was incompetent and insisted that this is desired behaviour. Since CEX.IO's margin trading facility isn't usable anyway, I didn't bother to educate them and let it go.