Their stated policy was to offer one time withdrawal of tokens on the losing chain if the losing chain survived Their stated policy was to only offer trading on the winning chain even if the losing chain survived They did not say that loaned ETH would not be treated as loans of tokens on both chains.
Hvor køber jeg sikkert Bitcoins?
The borrower does not owe you anything possession of this ETH may have earned while it was in his or her possession; the borrower owes you only the ETH borrowed plus the agreed upon interest. Because loaned assets actually change hands, they may not even have been on Poloniex at the time of the fork. Suppose your borrower sells the borrowed ETH to another trader.
This other trader uses their own BTC to buy it in the spot market. They then withdraw it to their own wallet. Neither the lender, the borrower, nor Poloniex has any control over or right to this ETC. The trader is fully entitled to it. Thank you for your answer. The hard fork will occur at block 1,, on or around Wednesday, July 20th.
Since the selection of the winning blockchain is ultimately up to the miners, we will follow the path determined by the miners and the community and make plans to deprecate the losing blockchain. As a Poloniex customer, you do not need to do anything. The migration will occur automatically, and your full balance of Ethereum will be transferred to the winning chain. Keep in mind that as we near the fork, we will be temporarily disabling deposits and withdrawals in preparation for the migration process.
Trading will continue to operate as normal during this period. Once the network is stable and the migration is complete, we will enable deposits and withdrawals.
In addition, for those interested in keeping their tokens from the losing blockchain as a keepsake, we will support a one-time withdrawal of the deprecated tokens, provided that the losing chain is still functional when you attempt a withdrawal.
Specific instructions on how to access your tokens on the old chain to follow. I hear traders are about to fill a complaint to SEC about this and I must say I really understand their views on this.
As we stated in our public statement, our ETC ledger must balance to zero, and this can only be achieved by crediting those in possession of ETH at the moment of the hard fork. Further, it is worth noting that most of the borrowers who borrowed your ETH, sold these ETH to a spot trader prior to the fork.
If you take a moment to consider this, you will realize that the ETC should not be the responsibility of the borrower. At this time, we cannot commit to supporting any specific blockchain that may emerge if there is a blockchain split.
Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment. If we decide to support and make available derivative blockchain tokens after a blockchain split, note that if you have your tokens on loan at the time of a split, we cannot distribute the derivative tokens to you, the lender, as you would not possess them.
Such loaned tokens can, and often do, leave the platform. If you don't want to leave the decision of which Bitcoin tokens to support or recognize as valid to a 3rd party, you should not keep your tokens on any 3rd party platform.
We encourage you to follow our Twitter and Notices board for updates. It's clear they intend not to act so hastily as they did with the Ethereum fork which launched the market into a frenzy last summer as Ethereum Classic was born. Poloniex's team will be taking the Bitcoin wallet offline indefinately as they did with Ethereum several weeks ago; no minor thing as Bitcoin is the base currency for a large portion of thier trading pairs. It appears they will continue to act in the best interest of of their customers and in accordance with past precidents in which they have credited chain split coins.
Therefore, one may assume that if BCC gains enough traction, Poloniex will credit their customer's funds gained in the split. Didn't know you were going to get coins in the split?
As always friends, be sure to check back often and follow me; my researchers, sources, and I follow the markets very closely and maintain a continuous feed of up to date fundamental analytics you should keep an eye on. I guess it's best to "slowing back down the bunker stairs".
And all seriousness I really hope we don't have to deal with two different bitcoin chains. Below is the Poloniex team's statement in entirety: