Anybody who seriously believes this should immidiately pull all of his funds off the platform. BFX cutting the funds of its clients to compensate for a flash crash seems ridiculous. Mind that the money "lost" actually is not lost but goes to succesful shorts, so they would redistribute money of the majority of the clients to a minority who shorted during the crash. This is a completely different scenario from BFX getting robbed by hackers and having to distribute the losses. In our case they would only be liable towards clients. That's why my projection is that they will try to halt trading quickly enough in case of a flash crash and burn the shorters just like they did in the last crash.  

Don't know about the rest of these guys,
but what originally got my attention was the original .13%,
Now we have gone from .13%, to .15%, to now .20%,
and $20 deposit and withdrawal fee, which use to be Free,
all because of what the major platforms do, where does it stop ?

Pure, "Keeping Up With The Jones,
as soon as a English Speaking Version of Houbi hits the market,
The China Exchange that offer Free Trades Zero Fees
that make their money off of advertising and not the backs of Traders,

All of these Exchanges that consistently want to charge and raise fees,
will have to find other revenue streams when the crowd runs to this new type of Exchanges.


Those of us that have been here longer should be "GrandFathered Claused" and not have our
fee structure constantly changed, but of course that would be too much like being appreciative .

Personally, BitFinex is beginning to appear more and more like a "Bank" every day,
and you know how true "Coiners" feel about BANKS !

I'm ok with the fee increase if the money is invested in building a stronger and more secure platform, and better support. 

Please do advance notices before making these changes.  I strongly recommend sending out an email to everyone.  A week or more advance notice is good for major changes that you don't have to implement immediately (eg. anything that isn't a bug fix).

Platform is bugged out. Pls fix.

This forum is crap as well. Have to be logged in for 6 minutes to post something. Why?

This makes sense.

BFX trading is still bugged out though. I can't cancel my open swap and there seems to be no trading activity. btcwisdom and the price ticker are also out of sync permanently.

Is the auto-renew button in liquidity providing bugged out for anyone else? It's activated and i can't deactivate it. Earlier today i could switch it on/off without a problem, but when i tried just now it didn't change. Very annoying because it's stuck at a certain percentage now that i want to change. Any help?

edit: I just noticed, when i click the red button to deactivate, a green bar with the message "Autolend deactivated!" appears near the top of the page, but on the autorenew tab it still says "Currently auto-renewing USD at x% per day for maximum y day(s)". If i then click the button (that's still red) again, i get the green bar again saying that autolending is deactivated, but no matter what i do, the button stays red and says it's still active. So right now i have no idea if autolending is active or not!

edit2: All is back to normal.

There has been no noted trading activity for the last 1:15 hours on btcwisdom yet the price on the BFX ticker is fluctuating between 622.2 and 624. Looks ugly. There is also something strange with the swaps. A significant amount of money was lend out from 0.1 to 0.275 %.

        2    0.12%      101108.38    2
   30    0.275%    35698.44    1
   30    0.2799%    854.79    1
   3 - 15    0.28%    9910.86    2
   3    0.2894%    3094.47    1
   30    0.2898%    10.11    1
   30    0.2944%    5000.0    1

I really think for the amount of money they are making, they should have some kind of 24x7 telephone support (or skye or something) - not necessarily being entrusted with money and a lot of power or manipulating user data, but at least serve to page the admins devs in cases like this.

Something is really odd right now.

while we´re waiting for the plattform to reboot; and because there´s news that some guys try to sue the shit out of karpeles...
(not that i would be worried for karpeles because of that, compared to the methods of some silkroad-guys could apply..)


in europe we got so called "consumer protection legislation".
part of that is that a company cannot change its terms in relation to a consumer without notifying him 2 weeks at least before the change and giving him the opportunity to cancel the contract.

any company not doing so cannot put in effect the changed terms for the consumers.
so if, lets say, a bitcoin-platform installs withdrawal fees, it has to give the customers two weeks time to think about if they wanna cancel the contract or accept the change.

during that time consumers can withdraw theyr money without the new fees beeing applied.
if the company doesnt give the time to think it over, consumers are entitled to get the fee back.

such law suits are easy-going for lawiers. it´s so easy going, that even some countries´ governments installed so called customer-protection-clubs, which do nothing else but sue the shit out of companies not complying to the consumer  protection acts.

thats why consumers shouldn contract with offshore-companies, cause the consumer-protection-acts dont apply to them..

but wait, the european union, namely the european commission found a way to bypass that (they copied the us government):
they tell the off-shore company:
hey, if you dont comply with our rules, we dont let you make no more business in europe.

thats how they could fine us companies, such as microsoft, cause if they wouldnt pay the fine issued by the commission, bye bye bussiness in europe .

ah, while thinking about it, there is another jurisdiction to tell about:

basically it says: no matter where in the world you have your bussiness, it´s the laws of the country, from where you conduct your bussiness, that counts.

so, for example, if you are a french guy, living in france, and you are conducting a bussines in, lets say, uganda, but you are still living in france, doing alle the book-keeping and mail and decision making from france, hey guess what, french laws could apply; and there we are back againg: consumer protection acts.. 

so maybe it would be a good idea to comply with good-practices established in broad parts of the world, to avoid that people to try to have laws applied, what would be leading to our wonderfully unregulated bitcoin world beeing regulated until death..there the circle closes, law suits against gox all over

I'm not a trader, so i might be wrong, but doesn't the new fee structure already incentivize being a market maker? A market maker only pays half the fee (or less, if you trade a lot) compared to a market taker, that looks like a big incentive to me.