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RE: There is something going on with bittrex. I think i may have just lost the $30K i have there.
FYI, i just did a quick, small 11 steem WD and it seems to have worked. I hope im just being paranoid, but i cant think of why they would be on here funneling out their money to polinex and not proccessing withdrawals
I think it might be users initiating those transactions, since Poloniex just started to list STEEM. That's just my speculation, though.
in the interest of full disclosure..... when i first saw the above reply from @bacchist, i figured he didnt get what i was saying. TUrned out, i didnt get what he was saying.
my assumption was that in order to move funds from polinex to bittrex and vice versa, one would move the funds from the first exchange, to their account here, then send them to the other exchange, from their account here. So sigmajin moving 500 from bittrex to polinex would look like two transactions, a 500 transfer from bittrex to sigmajin then a 500 transfer from sigmajin to polinex.
However, Using the memo, you can actually save a step, transfering your funds directly from excahnge to exchange. On the wallets here, it would look like a transfer directly from bittrex to polinex.
Realizing this, Its pretty clear that the huge amount of transfers going from bittrex to polinex was users moving funds on deposit at bittrex to the newly opened exchange. Obviously, it was not bidirectional at the time because most users already had money bittrex and wanted to get it on the newly steem-accessible polo.
Though i admit i misinterpreted this, i invite anyone to look at the bittrex wallet at the time when i made this post. At this time, practically every outgoing transfer, and an overwhelming portion of their outgoing volume over several hours was to the polinex exchange.
When you have not one but two withdrawals in limbo, with no explanation that is troubling. When you see a mass exodus of funds out of the wallet youre waiting for money from, that seems sinister