NAV Coin calls itself the first "completely anonymous crypto currency". They have set up a server network that can optionally hide its own identity on this network. Even if it is unclear whether these servers are actually encrypted and, as claimed, based on blockchain technology, one thing can definitely be said: they are - or at least were - a still, deep water.
This changed in April of this year, when bitcointalk.org announced that they wanted to update NAV Coin. This update included support for deterministic wallets, passphrase-protected private keys, block-size changes, and messages that could be sent from wallet to wallet.
Trading via Bittrex and a Block Explorer should also be supported. Instead of starting a hard fork, the developers thought it would be great to start everything from a new Genesis block that had stored all the current account balances recorded so far.
What did that lead to?
NAV holders had to exchange their old coins for new ones, which was initially simplified by the Bittex Exchange. Altcoin investors reacted positively to the news, which led to a price increase. This continued until the first of July, when the price shot up thanks to a press article from CoinDesk. On Poloniex the price reached 16000 Satoshi, after having stood at 3000 Satoshi before.
And here we come to an exquisite problem: Poloniex never introduced the new coins! Now these coins are on a separate blockchain - let's call them NAV 1. These coins were bought and sold without affecting the "real" new NAV coins - which we now call NAV 2 - in value. So it came to a new kind of arbitrage trading, which only exists in the world of crypto currencies: Arbitrage trading across protocols.
On Poloniex, the price continued to rise - even briefly above 1000% - and is still significantly higher than in the rest of the crypto world. Naively, one could say that NAV 1 is considered more valuable by the market.
This would be wrong in several respects: NAV 2 coins are, from the fundamental analysis, definitely more valuable, have more features and have support. Much more important than this point is the ignorance of the average trader: Poloniex is simply the largest Altcoin Exchange, which leads to higher buying pressure. Many traders won't know about the NAV 1/NAV 2 split.
Further arbitrage opportunities through Hard Fork?
The biggest problem is that NAV 1 coins can be converted to NAV 2 coins for free. This is a one-way ticket, a conversion from NAV 2 to NAV 1 is impossible. So all those who converted their coins early are at a big disadvantage.
A sale on Poloniex against Bitcoin and a purchase of NAV 2 on Bittrex for this Bitcoin would have been better. Exactly in this way alone the price vin NAV 1 can be reduced to Poloniex, because the NAV coins cannot be traded between the Exchanges - the different protocol versions cause problems here.
Of course, this will not always last: It has been confirmed that Poloniex is planning an upgrade, you just don't know when yet. Once you've done that, you'll be able to move NAV coins freely across multiple exchanges, reducing the price difference.
Assuming that prices meet somewhere in the middle, this could lead to a significant price increase of NAV on the Bittrex side. The opposite can happen - the price could collapse if the combination of these two NAV versions causes too many problems.
Trade NAV - NAV Markets, Exchanges, Broker
NAV Coin calls itself the first "completely anonymous crypto currency". They have set up a server network that can optionally hide its own identity on this network. Even if it is unclear whether these servers are actually encrypted and, as claimed, based on blockchain technology, one thing can definitely be said: they are - or at least were - a still, deep water.
This changed in April of this year, when bitcointalk.org announced that they wanted to update NAV Coin. This update included support for deterministic wallets, passphrase-protected private keys, block-size changes, and messages that could be sent from wallet to wallet.
Trading via Bittrex and a Block Explorer should also be supported. Instead of starting a hard fork, the developers thought it would be great to start everything from a new Genesis block that had stored all the current account balances recorded so far.
What did that lead to?
NAV holders had to exchange their old coins for new ones, which was initially simplified by the Bittex Exchange. Altcoin investors reacted positively to the news, which led to a price increase. This continued until the first of July, when the price shot up thanks to a press article from CoinDesk. On Poloniex the price reached 16000 Satoshi, after having stood at 3000 Satoshi before.
And here we come to an exquisite problem: Poloniex never introduced the new coins! Now these coins are on a separate blockchain - let's call them NAV 1. These coins were bought and sold without affecting the "real" new NAV coins - which we now call NAV 2 - in value. So it came to a new kind of arbitrage trading, which only exists in the world of crypto currencies: Arbitrage trading across protocols.
On Poloniex, the price continued to rise - even briefly above 1000% - and is still significantly higher than in the rest of the crypto world. Naively, one could say that NAV 1 is considered more valuable by the market.
This would be wrong in several respects: NAV 2 coins are, from the fundamental analysis, definitely more valuable, have more features and have support. Much more important than this point is the ignorance of the average trader: Poloniex is simply the largest Altcoin Exchange, which leads to higher buying pressure. Many traders won't know about the NAV 1/NAV 2 split.
Further arbitrage opportunities through Hard Fork?
The biggest problem is that NAV 1 coins can be converted to NAV 2 coins for free. This is a one-way ticket, a conversion from NAV 2 to NAV 1 is impossible. So all those who converted their coins early are at a big disadvantage.
A sale on Poloniex against Bitcoin and a purchase of NAV 2 on Bittrex for this Bitcoin would have been better. Exactly in this way alone the price vin NAV 1 can be reduced to Poloniex, because the NAV coins cannot be traded between the Exchanges - the different protocol versions cause problems here.
Of course, this will not always last: It has been confirmed that Poloniex is planning an upgrade, you just don't know when yet. Once you've done that, you'll be able to move NAV coins freely across multiple exchanges, reducing the price difference.
Assuming that prices meet somewhere in the middle, this could lead to a significant price increase of NAV on the Bittrex side. The opposite can happen - the price could collapse if the combination of these two NAV versions causes too many problems.
Trade NAV - NAV Markets, Exchanges, Broker
NAV Coin calls itself the first "completely anonymous crypto currency". They have set up a server network that can optionally hide its own identity on this network. Even if it is unclear whether these servers are actually encrypted and, as claimed, based on blockchain technology, one thing can definitely be said: they are - or at least were - a still, deep water.
This changed in April of this year, when bitcointalk.org announced that they wanted to update NAV Coin. This update included support for deterministic wallets, passphrase-protected private keys, block-size changes, and messages that could be sent from wallet to wallet.
Trading via Bittrex and a Block Explorer should also be supported. Instead of starting a hard fork, the developers thought it would be great to start everything from a new Genesis block that had stored all the current account balances recorded so far.
What did that lead to?
NAV holders had to exchange their old coins for new ones, which was initially simplified by the Bittex Exchange. Altcoin investors reacted positively to the news, which led to a price increase. This continued until the first of July, when the price shot up thanks to a press article from CoinDesk. On Poloniex the price reached 16000 Satoshi, after having stood at 3000 Satoshi before.
And here we come to an exquisite problem: Poloniex never introduced the new coins! Now these coins are on a separate blockchain - let's call them NAV 1. These coins were bought and sold without affecting the "real" new NAV coins - which we now call NAV 2 - in value. So it came to a new kind of arbitrage trading, which only exists in the world of crypto currencies: Arbitrage trading across protocols.
On Poloniex, the price continued to rise - even briefly above 1000% - and is still significantly higher than in the rest of the crypto world. Naively, one could say that NAV 1 is considered more valuable by the market.
This would be wrong in several respects: NAV 2 coins are, from the fundamental analysis, definitely more valuable, have more features and have support. Much more important than this point is the ignorance of the average trader: Poloniex is simply the largest Altcoin Exchange, which leads to higher buying pressure. Many traders won't know about the NAV 1/NAV 2 split.
Further arbitrage opportunities through Hard Fork?
The biggest problem is that NAV 1 coins can be converted to NAV 2 coins for free. This is a one-way ticket, a conversion from NAV 2 to NAV 1 is impossible. So all those who converted their coins early are at a big disadvantage.
A sale on Poloniex against Bitcoin and a purchase of NAV 2 on Bittrex for this Bitcoin would have been better. Exactly in this way alone the price vin NAV 1 can be reduced to Poloniex, because the NAV coins cannot be traded between the Exchanges - the different protocol versions cause problems here.
Of course, this will not always last: It has been confirmed that Poloniex is planning an upgrade, you just don't know when yet. Once you've done that, you'll be able to move NAV coins freely across multiple exchanges, reducing the price difference.
Assuming that prices meet somewhere in the middle, this could lead to a significant price increase of NAV on the Bittrex side. The opposite can happen - the price could collapse if the combination of these two NAV versions causes too many problems.
Trade NAV - NAV Markets, Exchanges, Broker
NAV Coin calls itself the first "completely anonymous crypto currency". They have set up a server network that can optionally hide its own identity on this network. Even if it is unclear whether these servers are actually encrypted and, as claimed, based on blockchain technology, one thing can definitely be said: they are - or at least were - a still, deep water.
This changed in April of this year, when bitcointalk.org announced that they wanted to update NAV Coin. This update included support for deterministic wallets, passphrase-protected private keys, block-size changes, and messages that could be sent from wallet to wallet.
Trading via Bittrex and a Block Explorer should also be supported. Instead of starting a hard fork, the developers thought it would be great to start everything from a new Genesis block that had stored all the current account balances recorded so far.
What did that lead to?
NAV holders had to exchange their old coins for new ones, which was initially simplified by the Bittex Exchange. Altcoin investors reacted positively to the news, which led to a price increase. This continued until the first of July, when the price shot up thanks to a press article from CoinDesk. On Poloniex the price reached 16000 Satoshi, after having stood at 3000 Satoshi before.
And here we come to an exquisite problem: Poloniex never introduced the new coins! Now these coins are on a separate blockchain - let's call them NAV 1. These coins were bought and sold without affecting the "real" new NAV coins - which we now call NAV 2 - in value. So it came to a new kind of arbitrage trading, which only exists in the world of crypto currencies: Arbitrage trading across protocols.
On Poloniex, the price continued to rise - even briefly above 1000% - and is still significantly higher than in the rest of the crypto world. Naively, one could say that NAV 1 is considered more valuable by the market.
This would be wrong in several respects: NAV 2 coins are, from the fundamental analysis, definitely more valuable, have more features and have support. Much more important than this point is the ignorance of the average trader: Poloniex is simply the largest Altcoin Exchange, which leads to higher buying pressure. Many traders won't know about the NAV 1/NAV 2 split.
Further arbitrage opportunities through Hard Fork?
The biggest problem is that NAV 1 coins can be converted to NAV 2 coins for free. This is a one-way ticket, a conversion from NAV 2 to NAV 1 is impossible. So all those who converted their coins early are at a big disadvantage.
A sale on Poloniex against Bitcoin and a purchase of NAV 2 on Bittrex for this Bitcoin would have been better. Exactly in this way alone the price vin NAV 1 can be reduced to Poloniex, because the NAV coins cannot be traded between the Exchanges - the different protocol versions cause problems here.
Of course, this will not always last: It has been confirmed that Poloniex is planning an upgrade, you just don't know when yet. Once you've done that, you'll be able to move NAV coins freely across multiple exchanges, reducing the price difference.
Assuming that prices meet somewhere in the middle, this could lead to a significant price increase of NAV on the Bittrex side. The opposite can happen - the price could collapse if the combination of these two NAV versions causes too many problems.
Trade NAV - NAV Markets, Exchanges, Broker
NAV Coin calls itself the first "completely anonymous crypto currency". They have set up a server network that can optionally hide its own identity on this network. Even if it is unclear whether these servers are actually encrypted and, as claimed, based on blockchain technology, one thing can definitely be said: they are - or at least were - a still, deep water.
This changed in April of this year, when bitcointalk.org announced that they wanted to update NAV Coin. This update included support for deterministic wallets, passphrase-protected private keys, block-size changes, and messages that could be sent from wallet to wallet.
Trading via Bittrex and a Block Explorer should also be supported. Instead of starting a hard fork, the developers thought it would be great to start everything from a new Genesis block that had stored all the current account balances recorded so far.
What did that lead to?
NAV holders had to exchange their old coins for new ones, which was initially simplified by the Bittex Exchange. Altcoin investors reacted positively to the news, which led to a price increase. This continued until the first of July, when the price shot up thanks to a press article from CoinDesk. On Poloniex the price reached 16000 Satoshi, after having stood at 3000 Satoshi before.
And here we come to an exquisite problem: Poloniex never introduced the new coins! Now these coins are on a separate blockchain - let's call them NAV 1. These coins were bought and sold without affecting the "real" new NAV coins - which we now call NAV 2 - in value. So it came to a new kind of arbitrage trading, which only exists in the world of crypto currencies: Arbitrage trading across protocols.
On Poloniex, the price continued to rise - even briefly above 1000% - and is still significantly higher than in the rest of the crypto world. Naively, one could say that NAV 1 is considered more valuable by the market.
This would be wrong in several respects: NAV 2 coins are, from the fundamental analysis, definitely more valuable, have more features and have support. Much more important than this point is the ignorance of the average trader: Poloniex is simply the largest Altcoin Exchange, which leads to higher buying pressure. Many traders won't know about the NAV 1/NAV 2 split.
Further arbitrage opportunities through Hard Fork?
The biggest problem is that NAV 1 coins can be converted to NAV 2 coins for free. This is a one-way ticket, a conversion from NAV 2 to NAV 1 is impossible. So all those who converted their coins early are at a big disadvantage.
A sale on Poloniex against Bitcoin and a purchase of NAV 2 on Bittrex for this Bitcoin would have been better. Exactly in this way alone the price vin NAV 1 can be reduced to Poloniex, because the NAV coins cannot be traded between the Exchanges - the different protocol versions cause problems here.
Of course, this will not always last: It has been confirmed that Poloniex is planning an upgrade, you just don't know when yet. Once you've done that, you'll be able to move NAV coins freely across multiple exchanges, reducing the price difference.
Assuming that prices meet somewhere in the middle, this could lead to a significant price increase of NAV on the Bittrex side. The opposite can happen - the price could collapse if the combination of these two NAV versions causes too many problems.
Trade NAV - NAV Markets, Exchanges, Broker
NAV Coin calls itself the first "completely anonymous crypto currency". They have set up a server network that can optionally hide its own identity on this network. Even if it is unclear whether these servers are actually encrypted and, as claimed, based on blockchain technology, one thing can definitely be said: they are - or at least were - a still, deep water.
This changed in April of this year, when bitcointalk.org announced that they wanted to update NAV Coin. This update included support for deterministic wallets, passphrase-protected private keys, block-size changes, and messages that could be sent from wallet to wallet.
Trading via Bittrex and a Block Explorer should also be supported. Instead of starting a hard fork, the developers thought it would be great to start everything from a new Genesis block that had stored all the current account balances recorded so far.
What did that lead to?
NAV holders had to exchange their old coins for new ones, which was initially simplified by the Bittex Exchange. Altcoin investors reacted positively to the news, which led to a price increase. This continued until the first of July, when the price shot up thanks to a press article from CoinDesk. On Poloniex the price reached 16000 Satoshi, after having stood at 3000 Satoshi before.
And here we come to an exquisite problem: Poloniex never introduced the new coins! Now these coins are on a separate blockchain - let's call them NAV 1. These coins were bought and sold without affecting the "real" new NAV coins - which we now call NAV 2 - in value. So it came to a new kind of arbitrage trading, which only exists in the world of crypto currencies: Arbitrage trading across protocols.
On Poloniex, the price continued to rise - even briefly above 1000% - and is still significantly higher than in the rest of the crypto world. Naively, one could say that NAV 1 is considered more valuable by the market.
This would be wrong in several respects: NAV 2 coins are, from the fundamental analysis, definitely more valuable, have more features and have support. Much more important than this point is the ignorance of the average trader: Poloniex is simply the largest Altcoin Exchange, which leads to higher buying pressure. Many traders won't know about the NAV 1/NAV 2 split.
Further arbitrage opportunities through Hard Fork?
The biggest problem is that NAV 1 coins can be converted to NAV 2 coins for free. This is a one-way ticket, a conversion from NAV 2 to NAV 1 is impossible. So all those who converted their coins early are at a big disadvantage.
A sale on Poloniex against Bitcoin and a purchase of NAV 2 on Bittrex for this Bitcoin would have been better. Exactly in this way alone the price vin NAV 1 can be reduced to Poloniex, because the NAV coins cannot be traded between the Exchanges - the different protocol versions cause problems here.
Of course, this will not always last: It has been confirmed that Poloniex is planning an upgrade, you just don't know when yet. Once you've done that, you'll be able to move NAV coins freely across multiple exchanges, reducing the price difference.
Assuming that prices meet somewhere in the middle, this could lead to a significant price increase of NAV on the Bittrex side. The opposite can happen - the price could collapse if the combination of these two NAV versions causes too many problems.