Screenshot of Poloniex logo
It looks like it may be as I sent a little BTC to my Poloniex account from GDAX and it has been awhile, at least an hour, but the transfer still has not happened. Does anybody know anything about this? Or is the whole BTC blockchain overaloaded due to the upcoming fork?
Good news is, as was reported earlier, that you can loan out your BTC at high rates on Poloniex. I just loaned out a little at 3% daily!
Whichever way this fork plays out, this is definitely going to be an interesting experience and an interesting experiment.
All content and images by @borepstein unless otherwise noted.
DO NOT LOAN OUT YOUR BTC DURING THE FORK, please research, you will not receive any BCC if you have it on loan since you will not be holding the token. You also should not leave BTC on exchanges during the fork (Aug. 1st.)
That's why the interest rate is so high at the moment, nobody will loan.
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Thanks. This is interesting.
OK, if I am not holding the token but the exchange is (like it is in general for all the coins I hold on exchanges) - why would I not be the owner of my BTC post-fork?
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Please research on that, there are many articles. You need to put your BTC in a wallet where you have a private key. Electrum is good. Trezor hard wallet is best, but to late now. Coinbase announced that they will not support BCC and I don't think Polo will. However, if you loan your BTC to me, I am the one who is holding it at the time of the fork, therefore I will receive the BCC, keep it and then give you your BTC with interest back. The BCC can be imported to the account that holds BTC, no matter who owns it.
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Thanks, I will.
The scenario you are describing has me getting back all my BTC with interest. Which is exactly what I would expect loaning my BTC to you.
Doesn't looks like a problem scenario to me.
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Nothing but problems again
https://steemit.com/bitcoin/@gunternezhoda/warning-do-not-withdraw-siacoin-from-poloniex-it-will-be-missing
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