2400+ entries in 0.117s
copumpkin: keep doing this until you have nothing left
copumpkin: is where you first do a market sell order for all you're worth, then with the proceeds from that, do a market buy order for all you have
copumpkin: so the goatse strategy, for those of you interested
copumpkin: you should apply my goatse strategy in your market making
copumpkin: I for one look forward to meaningful asset prices on glbse
copumpkin: we can call Chaang-Noi The Specialist, if he wants a fancier-sounding title
copumpkin: I elect Chaang-Noi as our new market maker
copumpkin: perhaps the balance isn't right :)
copumpkin: nefario: most exchanges incentivize liquidity with maker/taker fee structures
copumpkin: also, you already have stupidly low bids, and they're only viable due to the lack of liquidity
copumpkin: if there are million coins worth of demand above my stupidly low bid, then I won't bother placing my stupidly low bid
copumpkin: so the incentive to place them would go away
copumpkin: nefario: stupidly low bids will stop being effective once depth goes up, which it would anyway
copumpkin: nefario: how do you define a spam bid?
copumpkin: if you're short on bids, you really don't want to be restricting them
copumpkin: you might not do the actual lending, but whoever does needs those features
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
copumpkin: if I'm scared of glbse's legitimacy or lack of regulation, I don't use it
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
copumpkin: that's why you get clearing houses
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
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
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
copumpkin: so price should not be a consideration to people
copumpkin: illiquid markets don't have meaningful prices
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
copumpkin: which are caused by 100-btc transactions
copumpkin: as it stands, people despair over "massive drops" in "price" on glbse
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
copumpkin: you considering maker/taker fee structures?
copumpkin: the fact that coins are tied up for an order, and can't be used elsewhere during that period
copumpkin: it's not what stops most people I know from keeping coins on there
copumpkin: are there plans to incentivize new liquidity?
copumpkin: nefario: do you consider the lack of liquidity to be a problem for glbse?
copumpkin: why is this crap relevant to -assets?
copumpkin: Diablo-D3: you've just said nothing
copumpkin: it seems appropriate to spell it that way
copumpkin: so many things about myself I did not realize
copumpkin: I really lack a lot of introspection
copumpkin: then random bitcoin thugs might show up and annoy my doorman
copumpkin: with the level of insanity on the forums, I'm sure there'll be a dozen threads about it by tomorrow
copumpkin: perhaps I shouldn't joke about shit like that here
copumpkin: well, let's just think the legal system thinks I've been good ever since I turned 18
copumpkin: I've been good ever since I turned 18
copumpkin: I dunno, I was hoping for some juicy bits on my sealed dealings with the law as a minor
copumpkin: they note that my SSN is from MD (which is amusing because I've never lived there)
copumpkin: they did have a list of addresses I've lived at in the past few years
copumpkin: and there's absolutely nothing on them
copumpkin: yeah, my dox were amazingly revealing
copumpkin: btw, Chaang-Noi, I got doxed the other day
copumpkin: you format your computer, then install linux