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RE: Bitshares - State of the Network - 4th July 2017
Very uplifting as usual. The poloniex situation seems stranger and stranger as time goes by.
Very uplifting as usual. The poloniex situation seems stranger and stranger as time goes by.
Indeed, Poloniex is increasingly demonstrating their incompetence. If they have lost access to their cold storage then they are operating a fractional reserve much like mtgox did prior to its collapse! If this is indeed the case, there should be no intervention - they should live with their losses; decentralized exchanges should not bail out centralized exchanges!
they have a massive amount of supply locked up...
Yep, something in the range of 300m BTS.