I urge everyone who is waiting for wallets to be re-enabled on that exchange to read the TL;DR of my post in the forum thread @valtr linked. I don't want to copy paste it, because I think it best that it remains low profile. I sincerely hope I'm just being paranoid, but in the writing it necessitated reliving the events described in it...
Edit: Sometime in the near future I will probably post a revision of that post to steemit (unless someone else beats me to it), but not today or tomorrow.
Why Bittrex, and not the DEX? I know Bittrex has better liquidity right now, but liquidity on the DEX can only increase as a result of more people trading there. You should really consider moving at least a portion of your trading onto the DEX.
Why are people still using that exchange? Alarm bells have been going off for weeks with that place, and I'm starting to worry that the entire ecosystem is going to get GOX'ed again, or rather - Poloniex'ed. Maybe Hanlon's Razor is applicable here, and they really are that incompetent - but they're earning close to $1M a day in trading fees! If they truly are having this many technical issues, they could probably make the problems go away just by throwing money at them. Unless their core architecture is failing to scale horizontally due to poor design, and needs a rewrite to cope with the load - but if that's the case, they should be implementing a freeze on new account registrations and gently increasing their fees to lower the load by reducing demand.
The only other possibility is that they are insolvent, and are systematically disabling withdrawals on various coins in an effort to prevent a bank run. I am not trying to slander their team, or make wild accusations here. This is just my interpretation of what I am observing.
I sincerely hope they are solvent, for all our sake. I urge everyone who has trades there now or has traded there in the past to ask that they retain the services of an independent auditor the way BitStamp did after Mt.Gox imploded, so that fears of an implosion can be laid to rust.
And for fuck's sake, everyone who does trade there needs to stop depositing. Don't give any more money to Poloniex until they lay such fears to rest!
Ya Poloniex acting hella sketch. I started trading with them and CB when I first got into crypto. Time to cut them lose. Also I'll check out DEX, thanks for the comments 🤙🏾
I've only got a few coins left on Poloniex. Just do not trust it after all we have seen so far. Plus the site is so slow...dial up internet slow. I'm getting used to dealing with Bittrex.
It has been like this intermittently for weeks!
Lol I cant even contact anyone.... not funny I guess
I have had to stop using Poloniex. The site lags like it is on a 56k connection.
Problem is on Poloniex side. Look at this https://bitsharestalk.org/index.php/topic,24531.0.html
good looks on the link
I urge everyone who is waiting for wallets to be re-enabled on that exchange to read the TL;DR of my post in the forum thread @valtr linked. I don't want to copy paste it, because I think it best that it remains low profile. I sincerely hope I'm just being paranoid, but in the writing it necessitated reliving the events described in it...
Edit: Sometime in the near future I will probably post a revision of that post to steemit (unless someone else beats me to it), but not today or tomorrow.
Intentional market manipulation by Poloniex probably, throw in some fractional reserve trading whilst you're at it..
yup they shut down the troll box, steem still unavailable now bts...... smh. Im moving to Bittrex
Why Bittrex, and not the DEX? I know Bittrex has better liquidity right now, but liquidity on the DEX can only increase as a result of more people trading there. You should really consider moving at least a portion of your trading onto the DEX.
Be the change you want to see in the world.
I still have my EMC2 frozen there
Why are people still using that exchange? Alarm bells have been going off for weeks with that place, and I'm starting to worry that the entire ecosystem is going to get GOX'ed again, or rather - Poloniex'ed. Maybe Hanlon's Razor is applicable here, and they really are that incompetent - but they're earning close to $1M a day in trading fees! If they truly are having this many technical issues, they could probably make the problems go away just by throwing money at them. Unless their core architecture is failing to scale horizontally due to poor design, and needs a rewrite to cope with the load - but if that's the case, they should be implementing a freeze on new account registrations and gently increasing their fees to lower the load by reducing demand.
The only other possibility is that they are insolvent, and are systematically disabling withdrawals on various coins in an effort to prevent a bank run. I am not trying to slander their team, or make wild accusations here. This is just my interpretation of what I am observing.
I sincerely hope they are solvent, for all our sake. I urge everyone who has trades there now or has traded there in the past to ask that they retain the services of an independent auditor the way BitStamp did after Mt.Gox imploded, so that fears of an implosion can be laid to rust.
And for fuck's sake, everyone who does trade there needs to stop depositing. Don't give any more money to Poloniex until they lay such fears to rest!
Ya Poloniex acting hella sketch. I started trading with them and CB when I first got into crypto. Time to cut them lose. Also I'll check out DEX, thanks for the comments 🤙🏾
The DEX was created as a direct response and solution to the types of problems centralized exchanges are prone to.
Seems like every week there is some new issue with steem on polo.
I've only got a few coins left on Poloniex. Just do not trust it after all we have seen so far. Plus the site is so slow...dial up internet slow. I'm getting used to dealing with Bittrex.