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you should consider buy some xrp, it has transparent history for whole transaction.
Quote from: XRP_support on March 21, 2015, 04:11:52 amyou should consider buy some xrp, it has transparent history for whole transaction. Id rather jump off bridge
I personally do not believe the price of BTS is what it is due to BTC38 price manipulation (as in selling more BTS than they have). That being said what alt is saying makes a lot of sense and everybody should do it.Take your not-for-trading BTS out of BTC38 (and all other exchanges for that matter)!- If BTC38 has 10%+ of all BTS - It is indeed too high. Nobody should keep her BTS on the exchange unless for trading or to sell them to pay bills/exit his position. And if you decide to trade on BTC38, it should take a minute for the BTS to be moved there.(Believe me I know it usually takes a deposit and support ticket for the funds to be credited, but this should be fixed by the exchange as well)For that reason alone - move your BTS out of BTC38.- If BTC38 does not have 10% of all BTS, but it claims it does: - move your BTS out of BTC38. You do not want to be the last one holding BTS IOU's there, when everybody else has withdrawn their BTS from BTC38 and the exchange has nothing but empty promise to give you, do you? - buy BTS with any funds (BTC, CNY etc.) that you have on the exchange, if such funds are there to buy BTS in short/medium term. And withdraw the new BTS from the exchange. In other words, if alt suspicion is true, the price of BTS should and (will be) much higher as a result of removing the downward manipulation, so buy now (cheap) and move the funds to more secure location (your wallet).In short - move your BTS out of centralized exchanges. This will be very bullish (increasing the BTS price) in the short term anyway. What is more interesting - if alt's worries are true this will be good for the BTS price, in the long term as well.Quote from: Ander on March 18, 2015, 06:11:11 pmQuote from: alt on March 18, 2015, 03:25:38 pmIf it's true, you should buy BTS but not sell.because exchange need to buy back BTS to pay debt.This.If this is true, we can shortsqueeze the hell out of btc38 by buying and withdrawing BTS. They will be forced to buy tons of shares at market in order to balance their books, and it will rocket up the price.
Quote from: alt on March 18, 2015, 03:25:38 pmIf it's true, you should buy BTS but not sell.because exchange need to buy back BTS to pay debt.This.If this is true, we can shortsqueeze the hell out of btc38 by buying and withdrawing BTS. They will be forced to buy tons of shares at market in order to balance their books, and it will rocket up the price.
If it's true, you should buy BTS but not sell.because exchange need to buy back BTS to pay debt.
So they have 157 million in cold wallet. Some more in hot wallet (but not 100M).Hmmm...
Quote from: Ander on March 18, 2015, 08:31:53 pmPaycoin is ahead of us again.lol...Wow, it's on big volume too. Have you heard any news/press release?
Paycoin is ahead of us again.lol...
this summer
if an exchanges chooses to manipulate its market so be it
Quote from: alt on March 18, 2015, 02:38:17 pmbtc38 have used a new public account to save cold balance: btc38-public-for-bts-coldthere is only 40 million BTS at this address, btc38 say they have transfer 150 million BTS, but the balance should be 250 million as they said.Code: [Select]default (unlocked) >>> blockchain_get_account_public_balance btc38-public-for-bts-cold[[ "btc38-public-for-bts-cold",[[ 0, 4500000000000 ] ] ]]This command might not give correct result with current version: https://github.com/BitShares/bitshares/issues/1420
btc38 have used a new public account to save cold balance: btc38-public-for-bts-coldthere is only 40 million BTS at this address, btc38 say they have transfer 150 million BTS, but the balance should be 250 million as they said.Code: [Select]default (unlocked) >>> blockchain_get_account_public_balance btc38-public-for-bts-cold[[ "btc38-public-for-bts-cold",[[ 0, 4500000000000 ] ] ]]
default (unlocked) >>> blockchain_get_account_public_balance btc38-public-for-bts-cold[[ "btc38-public-for-bts-cold",[[ 0, 4500000000000 ] ] ]]
(wallet closed) >>> blockchain_get_account_public_balance btc38-public-for-bts-cold[[ 0, 15744921862348 ]]
If it's true, you should buy BTS but not sell.because exchange need to buy back BTS to pay debt.this is good thing if we can prepare. exchange can broke, but not BTS.and we still waiting BTC38 to prove their 250 million BTS balance.
Quote from: alt on March 18, 2015, 03:01:37 pmSorry, maybe it's not a good time to say too much right now.Unfortunately, I'm pretty sure you've already said too much. Vague/panic-inducing statements are a lot worse than straight-up facts.
Sorry, maybe it's not a good time to say too much right now.
Quote from: emski on March 18, 2015, 02:44:35 pmQuote from: alt on March 18, 2015, 02:42:53 pmfor now, just exclude the exchange is not enough, because the price will spread to other exchange.BTC38 is the most big exchange.Big or not - if it manipulates data it should be ignored.However I dont think there is enough evidence for manipulation yet.As the largest exchange for bts, BTC38 does have the trading volume to influence buyers from other exchanges to take its bts price as 'most accepted price'. We need to alert users to avoid BTC38 if we have sufficient evidence.@alt, are you able to produce evidence?
Quote from: alt on March 18, 2015, 02:42:53 pmfor now, just exclude the exchange is not enough, because the price will spread to other exchange.BTC38 is the most big exchange.Big or not - if it manipulates data it should be ignored.However I dont think there is enough evidence for manipulation yet.
for now, just exclude the exchange is not enough, because the price will spread to other exchange.BTC38 is the most big exchange.
Quote from: emski on March 18, 2015, 02:26:16 pmDelegates should react and ignore malicious exchange's feeds.Are you implying delegate to ignore BTC38's feeds?Quote from: svk on March 18, 2015, 02:29:23 pmIndeed. I'm surprised to see alt scaremongering like this, maybe its justified but we can't really tell for now, and it feels like adding fuel to the fire of falling BTS prices..We do not have the information that the Chinese (alt in particular) have. Let's give him the benefit of doubt (till things clear up) and do not classify him as 'scaremongering'.
Delegates should react and ignore malicious exchange's feeds.
Indeed. I'm surprised to see alt scaremongering like this, maybe its justified but we can't really tell for now, and it feels like adding fuel to the fire of falling BTS prices..
Quote from: xeroc ¯\_(ツ)_/¯ on March 18, 2015, 02:36:37 pmIMHO the correct reaction would be to withdraw all BTS from btc38 and trade on yunbi instead ..Its all in the hand of the individuals .. I am not sure if tempering with price feeds is the correct reaction .. if an exchanges chooses to manipulate its market so be it .. let them damage THEIR reputation ..If we start tempering with feeds at will we risk OUR reputation!!Tampering with feeds is called delegate's policy. Delegates can announce their feed sources and scripts/configuration. This is verifiable. If you see an exchange misbehaving you would like to exclude it from the feed.
IMHO the correct reaction would be to withdraw all BTS from btc38 and trade on yunbi instead ..Its all in the hand of the individuals .. I am not sure if tempering with price feeds is the correct reaction .. if an exchanges chooses to manipulate its market so be it .. let them damage THEIR reputation ..If we start tempering with feeds at will we risk OUR reputation!!
Quote from: luckybit on March 18, 2015, 02:34:52 pm Unfortunately the people who daytrade on the centralized exchange will be screwed which is why we don't need to be using the centralized exchanges for that.We dont need to use centralised exchanges at all... Only fiat->BTS gateway. Everything else can be traded on the BTS blockchain.
Unfortunately the people who daytrade on the centralized exchange will be screwed which is why we don't need to be using the centralized exchanges for that.
btc38 still not prove they have enough balance, we need to be ready to face some bad situation Quote from: nomoreheroes7 on March 18, 2015, 02:20:27 pmIf you're "not saying anything for sure", why are you being so alarmist?
If you're "not saying anything for sure", why are you being so alarmist?
Quote from: emski on March 18, 2015, 02:26:16 pmDelegates should react and ignore malicious exchange's feeds.Are you implying delegate to ignore BTC38's feeds?
This is very important! I'm not saying anything for sure.But let us discuss some technical measures in case unreal price happen in the centralized exchange that lead to a malfunction price feedwhat will we do, if BTC38 sell fake BTS, and control the price?should we pause feed price?@Bytemaster
Quote from: alt on March 18, 2015, 02:23:45 pmbtc38 still not prove they have enough balance, we need to be ready to face some bad situation Quote from: nomoreheroes7 on March 18, 2015, 02:20:27 pmIf you're "not saying anything for sure", why are you being so alarmist?Do exchanges normally prove they have enough balance on hand of any asset they're holding? Why should we expect them to prove it for BTS?It sounds like all of this is a bunch of unneeded panic over a rumor. These situations need to be considered by the devs, but until it's obvious this is what's going on there's no need to stir up the community.I'd imagine a large portion of this rumor is being driven by those with buy orders around the 0.05 CNY level. Apparently it's working.
Quote from: alt on March 18, 2015, 02:23:45 pmbtc38 still not prove they have enough balance, we need to be ready to face some bad situation Quote from: nomoreheroes7 on March 18, 2015, 02:20:27 pmIf you're "not saying anything for sure", why are you being so alarmist?Do exchanges normally prove they have enough balance on hand of any asset they're holding? Why should we expect them to prove it for BTS?It sounds like all of this is a bunch of unneeded panic over a rumor. These situations need to be considered by the devs, but until it's obvious this is what's going on there's no need to stir up the community.