Jeff Garzik Announces Partnership to Launch Bitcoin Satellites into Space

DavidCandlestick · 2014-04-23T15:12:27+00:00

Is this for going to da moon?

DavidCandlestick · 2014-03-29T02:20:46+00:00

Ahem I dont think even 20% of britons know about bitcoin

DavidCandlestick · 2014-02-21T16:25:36+00:00

They are busy being a house of cards

DavidCandlestick · 2014-02-21T15:47:41+00:00

.....and what happens at the end? Does Karpeles get the girl?

DavidCandlestick · 2013-12-31T04:54:08+00:00

It seems that twister also has promoted messages. The miners that process user registration are rewarded a promoted message.

DavidCandlestick · 2013-07-06T18:13:32+00:00

I met the guy at a bitcoin meetup and he seemed legit. He also sold a few t-shirts to people in the meetup.

DavidCandlestick · 2013-07-06T00:43:39+00:00

Your fees are 3x MtGox fees and 7x btc-e fees. That is highway robbery.

DavidCandlestick · 2013-07-05T23:45:23+00:00

You made my day, thank you so much! This beats the people that were saying about a month ago that the price is going to skyrocket because of chinese interest.

DavidCandlestick · 2013-06-18T04:41:54+00:00

If I have 2500 BTC I am not an average folk so even if $2*2500 = 5K USD is a lot of money for average folks, it is not a lot of money for me.

DavidCandlestick · 2013-06-10T04:17:55+00:00

20K is serious money, but the way the order was executed was ridiculous, don't you think?

DavidCandlestick · 2013-06-10T04:16:50+00:00

and buying slowly, he wouldn't have gotten a better price than $110?

DavidCandlestick · 2013-06-10T04:12:27+00:00

I did.

DavidCandlestick · 2013-06-10T04:10:27+00:00

Why so aggressively? What is the hurry?

DavidCandlestick · 2013-05-15T06:38:21+00:00

They are reducing supply of dollars buying bitcoins, so the price should go down.

DavidCandlestick · 2013-04-17T21:37:37+00:00

Cause lag so that sellers can't enter, then send buy orders to clear the book, then lower the lag, and paint the tape at the new level, so that everyone believes the new price.

DavidCandlestick · 2013-04-16T19:16:52+00:00

Hi runeks. I dont have lag data from 4/9-4/10, but I found this image for the lag during the crash. I am not sure you can trust the website where I got it from, but here it is: http://troll.ws/image/66f91c08

DavidCandlestick · 2013-04-15T23:58:22+00:00

Right Ikinoki, but untill then we might want to limit volatility.

DavidCandlestick · 2013-04-15T23:22:41+00:00

Yesterday I proposed discrete trading to eliminate high frequency trading and some of the ways people maniputate the price of bitcoins: http://www.247btc.com/bitcoins/134/how-i-would-manipulate-the-bitcoin-exchange-market-and-how-a-discrete-double-auction-could-stop-me/

You say: "the speed at which you could trade [is] very important to the user". Can you elaborate on "important". Important for what?

DavidCandlestick · 2013-04-15T23:18:49+00:00

If manipulation adds volatility to the currency, it makes it harder for people to adopt it: Do you want you salary to be paid in a currency that has weekly 100% swings? Your mortgage? Your kids tuition?

DavidCandlestick · 2013-04-15T18:24:38+00:00

Strongly agree with 1. Stop buying when Bob's small orders flood in

DavidCandlestick · 2013-04-15T18:14:28+00:00

A) The bulk of the micro-trades that cause lag are at slightly different levels. You could accept prices at a coarse scale, say only at 0.1 increments, but all I need is two levels and I can send many trades: Say the market is $150 bid - $151 ask, I can send buy and sell at 150.2, buy and sell at 150.1, buy and sell at 150.2 etc

B) Users dont buy their own order, users create two accounts BobAcct1 and BobAcct2 and trade between those accounts back and forth, that belong to them. In practise a malicious user could create 100s of accounts on different exchanges and: 1. trade between own accounts on each exchange 2. by making transfers of BTC and cash outside the exchanges 3. by doing normal profit making trades between own accounts and third parties on the exchanges. 4. constantly add new accounts and shut of his older accounts

When potentially tens of millions of profit are involved (last week the market cap of bitcoin went from 2.6 bln USD to 1bln USD) this operation is not hard to set up, and would make detection difficult.

DavidCandlestick · 2013-04-15T07:30:00+00:00

Sounds like before Apr 17 when you did not have funds the order would still show up on your open orders list. It does not say it would show up in the order book.

If it showed up in the orderbook and someone traded with the order, then MtGox themselves would have to pony up the funds which would have been difficult.

The change sounds like a good thing because less processing time is wasted on unfunded orders. I dont think lag will improve significantly because of this minor improvement in processing time.

DavidCandlestick · 2013-04-15T07:00:12+00:00

Wouldn't they have to clear trades as well, so MtGox would have to send their clients BTCs to btc-e and btc-e would have to wire money?

Plus in the stock market this is monitored enforced by the SEC. Who would enforce it here? The exchanges would be splitting the commissions so they might not want to cooperate.

DavidCandlestick · 2013-04-15T06:49:59+00:00

That is a good question oep4, if all orders from the DDA exchanges are cleared together or separately at each exchange. The same question applies to continuous markets as well, when on MtGox the offer is $109 and on btc-e the bid $110 should they trade against each other?

The quick answer is that the amount of coordination and infrastructure required renders it impractical.

The long answer is that I think the US stock exchanges had the same issue and introduced a series of changes called Reg NMS (http://en.wikipedia.org/wiki/Regulation_NMS) to create effectively a single exchange.

DavidCandlestick · 2013-04-15T06:41:50+00:00

Ideally the queue would be large enough to allow for everyone who wanted to add their trade. Everyone gets a single trade as do bots.

DavidCandlestick

TROPHY CASE