267000+ entries in 1.858s
Duffer1: cryptsy system of trading, make trade, it executes
a few hours later
BingoBoingo: mircea_popescu: Of course. Who really wants to use their acquaintance Brian in that way at all. Everyone knows their Brian will just flag everything as
a scam and tell them to STFU n00b.
davout: deanclkclk: so no, it's not
a very interesting idea, not
a bad way to let users place orders but still
Bugpowder: been waiting for
a test deposit for 36 hours....
deanclkclk: so basically you could have
a case where for the original $100 for 1 BTC..I get 1.02 btc
davout: deanclkclk: this is not
a very interesting idea, and certainly not an idea worth building an exchange around
deanclkclk: I bid
a $100 for 1 BTC and I find
a ask for $95.
Apocalyptic: <deanclkclk> davout: basically from
a trade..people get more from what they ask for // so what about it ?
mircea_popescu: however i think they od'd or something because i haven't heard from them in
a while
deanclkclk: davout: basically from
a trade..people get more from what they ask for
benkay: jurov had to pay me to write
a manual for your "exchange"
davout: deanclkclk: so you want
a howto about how to create an exchange?
deanclkclk: I don't want on how to create an exchange. I'm just pitching my idea to get
a feel of what people think
mircea_popescu: benkay Yeah, I’m getting rid of all my furniture. All of it. And I’m going to build these different levels, with steps, and it’ll all be carpeted with
a lot of pillows. You know, like ancient Egypt.
benkay: and maybe in retrospect it's not so much
a shorting as entering into an option to spend some time if the guy leaves us alone, delivery of which he'll take when/if he delivers
davout: ThickAsThieves: vaultofsatoshi has like
a 11-people team, that sounds big for an exchange that does 400 weekly volume
mircea_popescu: so now that we understand ourselves, get in the wot, stfu and read the log for
a while, then we can talk again.
mircea_popescu: it is
a matter of you not knowing anything, not even sufficiently something to allow you to understand how little you know.
mircea_popescu: it's not
a matter of you "not knowing everything", implying we are somehow equal.
deanclkclk: from my first sentence..you've been making me out to be
a mentally retarded idiot
☟︎ mircea_popescu: the decision of how many months of free trade to have is
a resolution of the greater issue of how to market
a product, which is in turn decided and framed by greater issues.
Duffer1: if your bid matches
a sell, the exchange executes the trade for however much the seller sold
Duffer1: well what happens right now if you place
a 100$ bid for btc on btc-e?
Duffer1: i don't see why you would want to dean,
a person can just set their price to buy until their 100 is spent
davout: ThickAsThieves Duffer1 thanks i'll have
a look
deanclkclk: so I'm saying rather than get back $5 dollars and create another trade; which time is money and during that creation you might miss
a chance on
a great trade
mircea_popescu: so if he doesn't deliver before you do you get
a free atc.
benkay: yeah if he delivers i gotta deploy some time on
a code audit
BingoBoingo: Apocalyptic: I'm trying to put in
a Bid for 12000 and instead getting bids for 12
ThickAsThieves:
a good exchange always gives you what you ask for, no?
deanclkclk: I just reread what you type and I think there's
a misunderstanding
mircea_popescu: the english language being employed is more an artefact of the observer than
a reality of the conversation.
davout: anyway, the main point is that the money is on accounts in the name of the holders, in
a financial insitution, not on our corporate accounts, and therefore legally not ours
davout: which was
a mistake, i double checked with the "fonds de garantie des dépôts" and they only cover accounts called "comptes de dépôt", and not "comptes de paiement"
mircea_popescu: the thing that qualifies
a good lay is exactly the thing that disqualifies
a rotten one
mircea_popescu: <benkay> well that second one was actually
a noob trap <<< all jobs are de facto noob traps
mircea_popescu: well it's
a well known joke this, "suicide, 3 shots to the head"
benkay: well that second one was actually
a noob trap
benkay: much less
a reputation for outright scammery.
benkay: one can never fix
a reputation for incompetence.
benkay: losing it all is
a part of the learning process
Duffer1: you're not wrong benkay, call me
a hopeless optimist though, some may learn before they lose it all instead of after
benkay: Duffer1: just like people who need to read "so you want to start
a bitcoin business" can't get over their egos and get it.
mircea_popescu: the news at 5,
a string of mistakes that eventually annul each other if long enough.
Duffer1: MP you should have PR add 'dat variety speak' article to her start
a business thread
benkay: "so you want to start
a bitcoin business"
Namworld: I know you didn't mircea, just
a random fact I wanted to add to it.
benkay: deanclkclk: tech is
a trivial thing.
pankkake: Apocalyptic: 1) add
a SPF record to x-bt.com 2) if possible set your reverse dns in something x-bt.com - that will reduce your amount of spaminess greatly
deanclkclk: I asked one at
a time to get
a feel of what people want
pankkake: well Apocalyptic doesn't know how to configure
a mail server so I'm still waiting for the activation mail
deanclkclk: Again, I just started out in trading about 4 months ago but, I'm
a programmer
pankkake: or it's
a "donate all to exchange owner" feature
mircea_popescu: deanclkclk so make
a perpetuum mobile then, why you wasting your time with this crap.
mircea_popescu: i think most people go into the press trying to make
a job out of it.
pankkake: if only being
a hater was
a job
Duffer1: I'm
a clinger that lost it all and hangs around for I don't know why
Duffer1: yellow or grey i forget, it's been
a while, when you mouse over it you can cancel
deanclkclk: I've used btc-e and no way in hell I could cancel
a trade that was partially filled
deanclkclk: can you cancel
a trade that's partially filled on these exchanges?
BingoBoingo: Sure, will take
a few hours to move out. That's usually the lag on withdrawals.
Duffer1: or if you do
a market buy, the 5$ buys from the next order inline
Namworld: That's what happen. You get 5 dollar +
a BTC
Namworld: You don't spend that $5 because there is
a ask lower than 100 per BTC at 95.
deanclkclk: so for instance...I put 100 for 1 BTC and I find
a ask for 95
pankkake: you should write
a proof of concept (without any actual monies involved)
deanclkclk: but, there could be
a case where Seller and Buyer gets more depending on the trade
deanclkclk: so if I put this bid and the price sinks...I'm would be
a happy camper
mircea_popescu: maybe there could be
a coin dedicated to this concept.
benkay: furthermore, the problem you're trying to solve is not actually
a problem. it's
a flaw in your perceptions of trading.
benkay: deanclkclk: you're unfortunately trading on exchanges run by derpy web developers that don't match orders like professionals, and so you come to the conclusion that order matching is
a)
a hard problem and b) something you're qualified to handle.
deanclkclk: I made 2 or 3 statements and all of
a sudden...I'm too fucking stupid
deanclkclk: as oppose just stating random things..state in what instance I'm
a "too fucking stupid"
Duffer1: you clearly don't understand enough of what's involved to be put yourself in
a position of responsibility for other's money
deanclkclk:
a trade...we find the lease expensive ask and the highest bid and trade
benkay: well it's
a zero sum game, homie
mircea_popescu: i would imagine it's
a combination of youth and whatever else.
mircea_popescu: deanclkclk you may not like to hear this, but nevertheless it's
a fact : you're really not able to do this. for your own sake do it for something light, like
a play crypto.
Duffer1: how is that different than
a regular order book