1016100+ entries in 0.764s
Diablo-D3: I sure as hell dont want
to _run_ one
nefario: the result was
TONS of spam bids
nefario: I had
this system open on GLBSE for a while when I
tried
to move over
to
the new backend
Diablo-D3: I would be happy
to put all of DMC's spare cash
towards every asset I want
to provide a floor
[\\\]: but you could bid more
than you were funded for
[\\\]: bids are offers
to buy
Diablo-D3: Smoovious:
they're active until someone depletes my reserve
copumpkin: you might not do
the actual lending, but whoever does needs
those features
nefario: Diablo-D3: if we allow as many bids as people want, each bid being up
to
the value of
the BTC
they hold, and remove
them when
the amount of BTC available falls
Diablo-D3: why, as long as my account balance is >0,
the bids are active
copumpkin: if you want
to provide leverage, you need
technical features
to support it
copumpkin: if I don't mind
that, but don't leave open orders on it,
the problem is elsewhere
nefario: it's looking like
the FSA will
copumpkin: nefario: funny you say
that, because I've heard nobody complain about
that when
talking about why
they don't want
to leave open orders on glbse
nefario: the problems are not
technical
copumpkin: so he's got effectively no counterparty risk, if he implements
the feature correctly
copumpkin: sure, but nefario's in
the perfect position
to be able
to force liquidation, but I am not
smickles: copumpkin: imagine a margin call based on
the current order book bids
nefario: margin, lending assets, etc. opens up a whole sleuth of areas
that are difficult
to deal with from a regulation POV
copumpkin: if I lend someone money/assets
to
trade on glbse, I can get screwed a lot harder
than if you lend
the same stuff
to
them
nefario: problems
that are not
technicalk
copumpkin: if it's provided externally without special hooks,
that's dangerous
copumpkin: margin provided by
the exchange infrastructure is pretty safe, since you have
the power
to
throw margin calls in
smickles: nefario: you gave up on
the lending of assets
thingimagig?
nefario: but we need
to be legitimised first
Diablo-D3: nefario: when will glbse allow me
to make unlimited bids?
nefario: we'll be
taking someone from outside
to provide it
copumpkin: so price should not be a consideration
to people
nefario: and it's not something we're going
to be providing ourselves
copumpkin: that means
that last price is effectively meaningless
copumpkin: I can sell 100 btc of even some of
the most liquid stocks on glbse, and
the price will crash by a major percentage
nefario: copumpkin: existing markets also run like
this, if you want more liquidity you get margin
copumpkin: which are caused by 100-btc
transactions
OneMiner: Still.
To be legit
the cash has
to be on
the
table. Anything else is <legit.
copumpkin: considering
that an exchange
thrives on liquidity, it's in nefario's interest (and ours, as a market)
to make sure
that as many people as possible want
to do
that
copumpkin: OneMiner: it's a legitimate one, but
there need
to be sufficient incentives
to make me want
to do
that
copumpkin: OneMiner: I'm just explaining
the disincentive
to leave orders
there
OneMiner: Going for a smoke. Don't
talk about anythin interesting.
nefario: this used
to be a problem in GLBSE 1.0
nefario: and investors in
the real world, outside of bitcoinland
OneMiner: I
think coins should be
tied up in an order. Otherwise, what good is
that order? Fake orders via shell accounts (correct
term?) would be a huge problem.
nefario: as we go
through
the process of legitimizing
nefario: there is a lot I'm not able
to
talk about now
copumpkin: the fact
that coins are
tied up for an order, and can't be used elsewhere during
that period
mircea_popescu: the ammount of
time people are willing
to invest in an investment. << scary.
OneMiner: The issue is
the amount of investment options and
the ammount of
time people are willing
to invest in an investment.
__Atlas__: I
think
the issue is Bitcoin hasn't stopped going up yet
copumpkin: it's not what stops most people I know from keeping coins on
there
nefario: of course if
there is a lack of liquidity it's a problem
copumpkin: are
there plans
to incentivize new liquidity?
copumpkin: nefario: do you consider
the lack of liquidity
to be a problem for glbse?
__Atlas__: I like
to
think we are all different
thought processes
that form
the collective consciousness of
the Universe and/or God
OneMiner: I know a person who donates
to CERN. I approve of
this.
Diablo-D3: if God created
the entire Universe, Science really is
the ultimate religion
__Atlas__: Especially when it comes
to
the forces in our universe
__Atlas__: These
theories are actually pretty reasonable
Diablo-D3: one of
the most holy churches in
the world is CERN.
OneMiner: That's science. It's a
theory and it's unconfirmed. Calling it a religion is an affront
to all who work on expanding all we know.
__Atlas__: led up" in
the extra dimensions on a subatomic scale, possibly at
the quark/string level of scale or below."
__Atlas__: " Superstring
theory, M-theory and Bosonic string
theory respectively posit
that physical space has 10, 11 and 24 dimensions.
These extra dimensions are said
to be spatial. However, we perceive only
three spatial dimensions and,
to date, no experimental or observational evidence is available
to confirm
the existence of
these extra dimensions. A possible explanation
that has been suggested is
that space acts as if it were "cur
Diablo-D3: actual parallel realities instead of
the usual bullshit scifi shit
Diablo-D3: Smoovious: I dont
think
there are alternate realities
OneMiner: It's safe
to say
that
the knowledge we gain in
the future will be beyond anything we know or realize
today.
Diablo-D3: I
think one of
the alternate
theory families is up
to like 28 or some shit
Diablo-D3: and m-theory managed
to combine all
the superstring
theories into
the same
theory, since
they're all essentially mirror images of
the same math
__Atlas__: Perception itself has yet
to be quantified.
__Atlas__: I believe
there are other planes of perception we do not even consider.
Diablo-D3: Smoovious: oh its not, we already know
that
Diablo-D3: we know less
than a fraction of a percent of whats required
to answer any worthwhile questions
Diablo-D3: Smoovious: well
thats another
thing
OneMiner: We are always looking at old
things. No matter what.
__Atlas__: I am led
to believe we know very little about our universe.
Diablo-D3: fucking light cones, how do
they work
Diablo-D3: Smoovious: yes, but
thats
the interesting problem with large scale physics
OneMiner: And we will never see
them.
They are moving away
too fast.
Diablo-D3: due
to
the speed of light being
the closest
thing we have
to a police box.
Diablo-D3: OneMiner: yes, but
they're so far away
they're back in
time
Diablo-D3: Smoovious:
the speed of light is local, btw
OneMiner: Smoovious we are.
There are plenty of stars
that are outside our field of view.
Diablo-D3: we havent seen any obvious structures in
the universe
that would point
towards expansion
Diablo-D3: we dont even know where
the center is
Diablo-D3: so would
they stand still from
the perspective of an outside viewer, or shoot off at
twice
the speed of light from
the perspective of someone on
the ship
Diablo-D3: and
they're now moving in
the opposite direction
OneMiner: From my perspective
they would go shooting off at
the speed of light.
Diablo-D3: Smoovious: you're already at
the speed of light
Diablo-D3: or would
they appear
to go off at
twice
the speed of light from your perspective