Quote:
Originally Posted by _irock
Bolded - Risk/reward of % interest vs. % they scam you, just like any loan?
Do you know what the % interest is? If I recall it's not very high at all, and if it gets high, that's when they scam your ass.
I remember back in the day when ETH was going to do a rollback. Nobody planned on "ethereum classic" being created. Interest rates on loaning out ETH were through the roof so I loaned mine out. The fork took place and and ETC started trading on Poloniex so other exchanges followed.
Bitfinex gave the ****ing ETC to the people who had the loan. It made no ****ing sense. If you short a stock that pays a dividend, you don't get to keep the dividend. Well Bitfinex scammed everyone who had their ETH on loan and knew they were going to do this, otherwise interest on ETH wouldn't have been like 2%/day.
Their policies have now changed. Why would they change now if they thought the way the handled matters the first time was the right way? It was straight up robbery.
They have an ongoing list of bull**** like this.
Moral of the story is, the reward on that site will never meet the % risk.