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I don't want to say more at this time.but I really need all delegate be ready to face this situation!what will we do, if BTC38 sell fake BTS, and control the price?should we pause feed price?@Bytemaster
What's the actual cause of this concern from the Chinese side? Do you suspect BTC38 does this with all their coins or is it specific to BTS? If so, why?? And is there any kind of proof involved here?
this summer
Quote from: Ander on March 18, 2015, 03:55:07 amIts possible that the limit is there because my account is new? I only registered it this week so that I could move btc there from bter and buy BTS, back when bter wasnt allowing withdrawals. I took it out tonight and it let me take most of it, but not all.contact & withdrawal gogogo!!customer say时代客服小叮当:您好,这种限制只是防止黑客与盗窃者,只需要通过核对是本人在操作的,我们会可以为用户增加到用户资金的全部,而且这种限制并不是限制一个币种的提现,而是用户帐户的总资产。Era tinker bell service: hello, this limitation is to prevent hackers and by the thief, need only through the check is in operation, we will all may increase for the user to the user, and the limit is not the limiting a withdrawal of currency, but the total assets of user accounts.
Its possible that the limit is there because my account is new? I only registered it this week so that I could move btc there from bter and buy BTS, back when bter wasnt allowing withdrawals. I took it out tonight and it let me take most of it, but not all.
now, almost all BTS trades at BTC38and BTC38 have do nothing to prove their balance is true.so this is a very big bug!exchange can control the price very easy, I will not surprise even BTS down to zero.so please make BTS to more exchange especially out of China , and push exchange to prove they are trusted.this is a very emergency task!
I wonder what would happen if everyone buys and withdraws from btc38. If they are running a fractional reserve at all, we could short squeeze them really hard. That woulds be very interesting.
Quote from: Ander on March 18, 2015, 03:44:27 amThey claim to have 258 million bts total among all users.Wow! That's over 10% of the supply. Is that typical? I wonder what percentage of BTC are on exchanges.Imagine, that is 10% of BTS that could have been voting if it was trading on the DEX (and voting with collateral and market order BTS was supported)....
They claim to have 258 million bts total among all users.
Quote from: Ander on March 18, 2015, 03:49:48 amHow can one see how many BTS are in an account on the blockchain? I thought we couldnt do this because of titan. How do we verify that btc38 has the claimed 258M bts?If they're willing to vote once , then the vote record with large amount will be seen .
How can one see how many BTS are in an account on the blockchain? I thought we couldnt do this because of titan. How do we verify that btc38 has the claimed 258M bts?
yes vote record
I withdrew the daily max just now from btc38 and will withdraw the rest of mine tomorrow.They claim to have 258 million bts total among all users.If any exchange actulaly is faking reserves and is selling extra BTS, then if all the users withdraw it is like issuing them a margin call on a short position, it forces them to buy shares to cover withdrawals, and drives up the price.
max? how many BTS have you withdraw?there is never limit before as I know
Quote from: alt on March 18, 2015, 02:33:33 amI have ask BTC38 to prove their balance, and most of China user have withdraw their BTS from btc38 but they still ignore, and don't have any response.http://weibo.com/1570505863/C8WLhBcUY?type=repost#_rnd1426645854885I am thinking, if exchange sell fake BTS, the price is control, should we suspend feed price? what should we do?we need make ready early. @bytemasterFrom BTC38's Weibo, it seems a lot of users are questioning the validity of the exchange's cold storage balance. Are you implying that they are faking their BTS BUY-SELL transactions? They do not have the volume as what they pretend to be?
I have ask BTC38 to prove their balance, and most of China user have withdraw their BTS from btc38 but they still ignore, and don't have any response.http://weibo.com/1570505863/C8WLhBcUY?type=repost#_rnd1426645854885I am thinking, if exchange sell fake BTS, the price is control, should we suspend feed price? what should we do?we need make ready early. @bytemaster
Quote from: Riverhead on March 18, 2015, 02:49:35 amThere is also Metaexchange.info. As volume ramps up so will their depth.It's great but it's not really an exchange, it's a bridge. Basically you can only place market orders. You can't place orders at particular prices into the order book.Also, I think the market makers should all be competing with their bots on a neutral platform (the DEX). The bridge would still want to keep some floating funds to instantaneously find the best liquidity path from the source asset to the target asset (that is the convenient service the bridge provides to users IMO), but I think the serious market makers should be decoupled from any bridge and operating for profit by themselves on the neutral DEX. And traders wouldn't be using a bridge, they would place their own orders directly on the exchange.
There is also Metaexchange.info. As volume ramps up so will their depth.
Quote from: Riverhead on March 18, 2015, 02:49:35 amThere is also Metaexchange.info. As volume ramps up so will their depth.It's great but it's not really an exchange, it's a bridge. Basically you can only place market orders. You can't place orders at particular prices into the order book.
Quote from: alt on March 18, 2015, 12:16:12 amand BTC38 have do nothing to prove their balance is true.so this is a very big bug!exchange can control the price very easy, I will not surprise even BTS down to zero.You know which exchange we actually can trust to be honest? The BitShares decentralized exchange. It may be too soon, but my hope is that we can have the vast majority of BTS trading volume happen on the BitShares DEX in the near future. We likely need secure lightweight/web wallets with exchange support before that can happen though. We also need a multisig protected BTC gateway UIA. @dannotestein, what will it take to get TRADE.BTC protected by multisig (on both BTC reserve side and TRADE.BTC UIA side) in a easy-to-deploy solution that can be utilized by some subset of the delegates? I think the money-making part should be left to the bridge service and that the gateway should be more of a public good for the BTS community (it should still be profitable to operate though) which means making this easy-to-deploy software solution open source and allowing a subset of the delegates operate it with low profit margins.
and BTC38 have do nothing to prove their balance is true.so this is a very big bug!exchange can control the price very easy, I will not surprise even BTS down to zero.
Well, every one of us could remove 100% of our BTS from all the exchanges, and see what happens. (And it could greatly increase voting as well and make the network more secure). ..Almost all my BTS is now off of exchanges, only small trading positions left.
now, almost all BTS trades at BTC38..so please make BTS to more exchange especially out of China , and push exchange to prove they are trusted.this is a very emergency task!
Totally agreed. Why don't we trade on BTS:BitUSD / BTS:BitCNY markets?