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Old 03-17-2017, 05:58 PM   #1126
bucktotal
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Re: Virtual Currency - Alt Coin Discussion Thread

if you're borrowing BTC - then you dont sell it... just hold.

if you're borrowing fiat - then you buy BTC with it... and just hold
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Old 03-17-2017, 06:02 PM   #1127
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Re: Virtual Currency - Alt Coin Discussion Thread

but how do you get the BTU coin once you close your position?
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Old 03-17-2017, 06:22 PM   #1128
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Re: Virtual Currency - Alt Coin Discussion Thread

the exchange credits the accounts that are holding btc... then close your position.
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Old 03-18-2017, 11:06 AM   #1129
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by aggo View Post

My understanding is that if you are borrowing BTC, you may stand to gain its associated BTU. For example, on margin if you short BTC/USD, you are borrowing BTC. If you are long BTC/USD, you do not gain associated BTU because you're borrowing USD.
I don't think this is right. If your shorting it, it means you sold it to someone else so there's no way you could get the BTU because the person who bought it from you would get it.

If you borrow usd to buy btc. The btc would then be in your account and you would get the btu. So essentially you have to go long on margin which makes it a pretty tough play because who knows how long this thing is gonna tank. Swore to myself to never try and time the market and it seemed so much like a no brainer to sell into this ****. Would have been nice if I did.
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Old 03-18-2017, 11:56 AM   #1130
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Re: Virtual Currency - Alt Coin Discussion Thread

BTC crashing down and taking everything with it. Hopefully I can get some cheap ETH by the time my wire goes through.
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Old 03-18-2017, 11:02 PM   #1131
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by onemoretimes View Post
I don't think this is right. If your shorting it, it means you sold it to someone else so there's no way you could get the BTU because the person who bought it from you would get it.

If you borrow usd to buy btc. The btc would then be in your account and you would get the btu. So essentially you have to go long on margin which makes it a pretty tough play because who knows how long this thing is gonna tank. Swore to myself to never try and time the market and it seemed so much like a no brainer to sell into this ****. Would have been nice if I did.
i messed up part of that explanation.

here's the finex announcement back at the split
http://blog.********.com/announcemen...lassic-launch/

Quote:
For those who had ETH funding provided or an active ETH margin position:

We will be settling ETH margin long positions as of 13:20:40 UTC 20/07/2016. Those who had margin long positions will be receiving an equivalent to the size of their position in ETH credited to their account in ETC. Those who provided ETH for margin funding will receive an equivalent to their available ETH balance in their deposit wallet as of the aforementioned time.
If you have any questions, please feel free to let us know, support@********.com.
I'm not a trader, so I got confused as to which pairs are being borrowed when you short/long eth/usd or eth/btc.

Summary is that if you borrowed ETH at a predetermined moment before the HF, you were credited with its associated ETC. That main part is correct. You cannot lend ETH (or BTC) and be credited with ETH & ETC (or in our case BTU).
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Old 03-18-2017, 11:34 PM   #1132
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Re: Virtual Currency - Alt Coin Discussion Thread

Why 2p2 blocks bit finex address is beyond me
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Old 03-19-2017, 01:02 PM   #1133
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Re: Virtual Currency - Alt Coin Discussion Thread

Is b1tf1nex ok to use at this point?
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Old 03-19-2017, 05:00 PM   #1134
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Re: Virtual Currency - Alt Coin Discussion Thread

https://www.reddit.com/r/ethereum/co..._stays_high_i/

I'm not sure if vbuterin is actually Vitalik?

Anyhow the response has some good info on possible projected inflation rates upon a switch to POS. (.1 to .6 ETH per 14 seconds.)

All this talk about needing high block rewards to support mining confuses me a little bit. If you reduce inflation, the price is likely to rise, thus the reward will be the same, but the price is higher. 5 coins at $40 is the same as 2.5 coins at $80.

I guess if the case is that miners are hoarding, then the price wouldn't rise with a reduction in inflation.
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Old 03-19-2017, 05:35 PM   #1135
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by onemoretimes View Post
https://www.reddit.com/r/ethereum/co..._stays_high_i/

I'm not sure if vbuterin is actually Vitalik?
Yes it is.
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Old 03-20-2017, 03:17 PM   #1136
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Re: Virtual Currency - Alt Coin Discussion Thread

Bought LSK last week. 420 smoke weed erry day.

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Old 03-21-2017, 02:45 AM   #1137
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Re: Virtual Currency - Alt Coin Discussion Thread

http://carbonvote.com/

Interesting way to vote on what people want the reduction in ETH inflation to be. I don't know how much weight the vote holds, but it does make sense that since the initial plan to reduce inflation was in the next 3 months, they might as well still reduce it some if they can, especially with the current price of ETH.

I was thinking in the 2-3 block range which would be half, but hell, when ETH goes to $80, it'll just be back at what it is. Doesn't seem to be getting many votes, but I'd be all about the 1.5-2 range. It just seems wasteful spending more. Honestly if it goes to 1.5 or so I think the price doubles and we're right back to the same reward thus the same hashing power.

Waiting for the move to POS is like waiting for the BTC etf. I think it's that big.
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