lookup.py: * turn into a thin script & merge functions into fcoe.py or linux.py or network.py * evaluate existing library modules * add interface fabric details (Cisco/Brocade, switch port), skip on FVL (i40e) * rather than get_pba.py skip on i40e, add option to background it: function pba_demand()
First test case: Interrogate
rjbynoe@fcoe:/var/www/atlassian/data/confluence/backups$
So unfortunately, Wednesday we had a minor family emergency with the net result of nearly completely depleting us of cash, with bills left over that will be due before our next paycheck. So for the first time, I liquidated a significant percent of my family's Bitcoin holdings so we could stay afloat until the emergency settles down.
Since this was my first time pulling fiat out of BTC and not the other way around, I was a bit concerned. I saw that stock sales can take up to 3 days to process and we were in a bit of a pinch. I thought I'd share that experience here even though I know most of you already know how this works.
So I had some (way too high a percent) of my Bitcoin on Bitfinex providing swap liquidity. Luckily(ish) as of May 7th, none of my FRR auto-renews have gone through because of the glut of loans available. So I cancelled the swap offer on what amounts to 30% of our Bitcoin holdings (most of what I had in swap).
Since I don't have a registered Bitfinex account (don't trust them -that- much), I can't perform a cash withdrawal from them. So I transferred my BTC from Bitfinex to Coinbase. Normally, to withdraw USD from Coinbase you pay a 1% fee + a bank fee. However, a couple weekends ago Coinbase launched their Exchange (and USD wallet) in my State. So I moved my BTC from my Coinbase Wallet to the Exchange Wallet, and set up some exit orders, which were filled pretty quickly. Becaues CBE has a Maker/Taker fee model, I paid no fees in that transaction. I then transferred the USD to my Coinbase USD Wallet.
I think because the USD originated from their own exchange, Coinbase waived their bank transfer fees for the transaction. They had said that the money would be here by Monday the 18th (today), which was cutting things close from my end, but there was nothing I could do about it and everything was already in motion.
So Friday morning when I woke up and triaged our checking account, I was shocked to see the Coinbase deposit was already sitting there and ready to be used! Thursday I moved several thousand dollars out of Bitcoin and into fiat, and Friday it was in my account. I couldn't have moved stocks that quickly, I don't even think I can move between our two Credit Unions that rapidly!
So, long story short, I learned how to move capital out of Bitcoin, it really was pretty much painless, and way faster than I had anticipated, and fee-less this time. I'll pay Exchange fees to get back in, but I usually buy BTC off exchange anyway. For now, our family crisis has been averted, and I won't be trading with our remaining Bitcoin, so maybe there'll be less stress overall.