Poloniex Thoughts Round Three

in life •  7 years ago  (edited)

*All information presented is public record

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This feels like a rabbit hole. There are so many different companies, businesses and links and locations. Although they are registered in Delaware it would seem that there is a Boston or at least Massachusetts connection due to the lawfirm they are using being located in Boston. By the way in the new Terms of Service it basically says they are not responsible for the security of your money even if it is on their end and also you are not allowed to do a class action against them and should just leave if you don't like that.......

Under number 9 of the TOS it states, "Resolutions concerning deposits, withdrawals, and User balances for an attacked Token will be determined on a case-by-case basis by Poloniex in its sole discretion. Poloniex makes no representation and does not warrant the safety of the Platform and is not liable for any lost value or stolen property, whether or not Poloniex was negligent in providing the proper security."

Under number 21 of the TOS it states, "TO THE MAXIMUM EXTENT PERMITTED BY LAW, POLONIEX SHALL HAVE NO LIABILITY FOR ANY DAMAGES OF ANY KIND (INCLUDING WITHOUT LIMITATION INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR TORT DAMAGES, OR LOST PROFITS) IN CONNECTION WITH YOUR USE OF THE SERVICES, EVEN IF POLONIEX HAS BEEN ADVISED OR IS AWARE OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL POLONIEX’S LIABILITY FOR MONEY DAMAGES UNDER THESE TERMS EXCEED THE AMOUNT OF FEES RECEIVED FROM YOU DURING THE PRECEDING SIX (6) MONTH PERIOD."

Here is a question, if some people have not been able by their account to even get their money out for six months what exactly does that mean?

Part One... https://steemit.com/life/@battleaxe/thoughts-on-polloniex-part-one
Part Two...https://steemit.com/life/@battleaxe/thoughts-on-poloniexx-part-two


buzzfeed

xoxo,
b.a.

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I just today move away all of my funds from Poloshit. Feels good, man

We need more US exchanges or better yet some badass decentralized exchanges like Ethfinex coming soon.

after post part one of this I got quite a few messages in discord, people who needed that money out in a fair amount of time or at least someone to answer a damn email or phone call........ good comment

Bittrex is the destination for any US client. Polo is a sinking ship and I'm not going to speculate of possible reasons for their actions, I'm simply not going to use them b/c I don't trust them. Money is money and a fool is easily parted with his money. I will not give Polo that chance with mine.

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What is a guy to do? I started using bitfinex because of all this poloniex bull. Now I am kicked off of bitfinex because I am living in the USSA. SMH?

Glad I've never used these assbags.

Great post Mary.

I'm upvoting & Resteeming this.

Niceee

Countdown till Polo shuts down....

Thats why I transferd all of my money and tradings to bittrex ... faster easy and they just do the job ...

@battleaxe m glad i moved my funds to bittrex before hardfork, but still got no bcc😂

RIP poloniex

It is what it is. .

buyer beware

Every thing I have read about poly is negative. Thanks for looking into this. 🐓🐓