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I think they could also be shorting ETH, in dollars/euros/rubles/yuans, in which case destroying the currency would be excellent business for them, even if they

I think they could also be shorting ETH, in dollars/euros/rubles/yuans, in which case destroying the currency would be excellent business for them, even if they can't extract what they stole.

brohee 10y ago
Any (presumably buoyant) entity actually offering that possibility?
- deleted 10y ago
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- forgotpwtomain 10y ago
  Poloniex seems to be the exchange with the largest volume (I somehow doubt anyone is buying long-positions larger than that) - so it looks like they could at least cash out several thousand bitcoins - although it's been a while since I've been on their site and if they offer API access some of those positions might be automatically diverted as the price moves. [0] http://coinmarketcap.com/currencies/ethereum/#markets http://coinmarketcap.com/currencies/ethereum/#markets [1] https://poloniex.com/exchange#btc_eth https://poloniex.com/exchange#btc_eth
  - tinkerrr 10y ago
    Poloniex has apparently stopped trading DAO tokens and ETH as well [1] [1] https://www.reddit.com/r/ethereum/comments/4oiesu/polo_froze_eth_and_the_dao/ https://www.reddit.com/r/ethereum/comments/4oiesu/polo_froze...
pjc50 10y ago
Shorting small illiquid markets is very difficult and prone to blowing up in your face. The most recent famous example of this is Porsche/VW: http://www.economist.com/node/12523898 http://www.economist.com/node/12523898