314600+ entries in 2.234s
ThickAsThieves: you know what is the worst, when you use your Kuerig for how water for your tea, but someone left
a coffee k-cup inside
error4733: i see btc at 500$ in no time, S.dice just can worth 250m$, so it's
a quick calcul, it's better for me to cashout
error4733: we didnt talk about losse or wining, if btc was at 13$, i dont care about
a shitty div
MJR_: they had one month where
a couple of bit losses hit
damientrog: I don't see how
a casino can go that wrong
MJR_: and its
a great company
gribble: MtGox lag is 0.076872 seconds. During this time, light travels 0.000154050627298 AU. You could have sent
a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
gribble: MtGox lag is 23.913118 seconds. During this time, light travels 0.0479216207274 AU. You could have sent
a bitcoin approximately the distance covered by Voyager 1 in one week (0.0689 AU).
gribble: MtGox lag is 23.416337 seconds. During this time, light travels 0.0469260771656 AU. You could have sent
a bitcoin ten times between Earth and Moon (0.0257 AU).
mircea_popescu: besides, if you have
a fund that sorta-fits the profile (exotic/emergent money market)
gribble: This order would exceed the size of the order book. You would buy 55695.451 bitcoins, for
a total of 14145613197667.5664 USD and take the price to 9999999999998.9004. | Data vintage: 45.4887 seconds
gribble:
A market order to buy 50000 bitcoins right now would take 14003105.1552 USD and would take the last price up to 1365.0843 USD, resulting in an average price of 280.0621 USD/BTC. | Data vintage: 27.9421 seconds
gribble: This order would exceed the size of the order book. You would buy 55695.451 bitcoins, for
a total of 14145613197667.5664 USD and take the price to 9999999999998.9004. | Data vintage: 11.2836 seconds
gribble:
A market order to buy 25000 bitcoins right now would take 3717531.0041 USD and would take the last price up to 169.9000 USD, resulting in an average price of 148.7012 USD/BTC. | Data vintage: 0.0014 seconds
error4733: usualy i bet
a good dinner in this case but roumania is to far if i win
mircea_popescu: basically the media has turned into
a sort of massive reddit, buncha people trying to perch themselves into the stratosphere
error4733: mp : i guess is 20 calls
a day for
a total 100M$, i want belive hehe
mircea_popescu: 20 calls
a day for 100mn each ? 2bn
a day ? yeah. right.
ThickAsThieves: i got some nice jasmine tea recently, the fancy kind you put in
a metal ball :)
MJR_: i'm like...is this your first time using
a keyboard?
MJR_: i just received
a business inquiry...the email was in comic sans
gribble: MtGox lag is 83.288833 seconds. During this time, light travels 0.166909888784 AU. You could have sent
a bitcoin ten times between Jupiter and Callisto (0.12567 AU).
gribble: MtGox lag is 26.943103 seconds. During this time, light travels 0.053993676742 AU. You could have sent
a bitcoin approximately the distance covered by Voyager 1 in one week (0.0689 AU).
mircea_popescu: sturles
a little more than just the one line if you don't mind
gribble: MtGox lag is 37.58024 seconds. During this time, light travels 0.0753103801907 AU. You could have sent
a bitcoin ten times between Saturn and Titan (0.0802 AU).
mircea_popescu: so find me
a space where that bot reports > 100 trades
a minute.
sturles: 11 trades making up
a total 28.8811 BTC at the average price of 133.42578222 USD.
mircea_popescu: i still don't grasp why you imagine this'd make
a difference.
sturles:
A mix trade is where an order in one currency was matched with an order in another currency.
gribble: MtGox lag is 0 seconds. During this time, light travels 0.0 AU. You could have sent
a bitcoin ... nowhere, really (0 AU).
sturles: MJR_: MtGox reports lag in microseconds as well. I have been logging every minute for
a while, and the most common value is 0. On
a normal day with just
a few standard DDoS attacks, it is above 1 second
a few times every hour.
gribble: Error: "asks147" is not
a valid command.
mircea_popescu: i think im getting
a little frazzled i've been doing nothing but explaining this for the past 3 hours
gesell: but in general spreading out the interfaces over different hauls could help, while also adding
a lot of complexity
gesell: yeah was also thinking about this but I guess it depends on the nature of the DDoS. If it is similar to that used against spamhaus
a few weeks ago... the attacker could still induce panic by attacking the website and read only API to get ticker
gesell: i highly doubt other exchanges would be prepared for such
a DDoS. The issue is that people using other exchanges would make the target less obvious
MJR_: new accounts opened is
a good metric for how much it's growing
MJR_: 5700 new accounts in march
a new record
ThickAsThieves: i guess in the scheme of things its not
a lot of people
ThickAsThieves: kinda had
a feeling that the run up was caused by gox lag entirely
gribble: MtGox lag is 0.056398 seconds. During this time, light travels 0.000113020960537 AU. You could have sent
a bitcoin to the other side of the Earth, along the surface (0.0001339 AU).
mircea_popescu: but let's be optiomistic : they've been given
a boon these coupla months
sturles: The pattern that has been repeated the last weeks is: DDoS starting against companies providing fast funding to MtGox, like Dwdolla, then
a massive DDoS against MtGox, then only seconds later, massive selloff. Causing panic. Prolexis spends some time to mitigate the DDoS, and by then the panic is widespread.
sturles: DDoS against MtGox is
a bit more sophisticated then.
gribble: MtGox lag is 40.399133 seconds. During this time, light travels 0.0809594102008 AU. You could have sent
a bitcoin ten times between Saturn and Titan (0.0802 AU).
sturles: If you think you can buy
a better exchange and make it work better, then please go ahead. Everyone will encourage you to do so. If you are successful, you better be prepared for 100 Gbps DDoS attacks as well, but that should be no problem because every broker has
a dedicated line. Right?
sturles: And believe me -- I have tried many times to get expensive commercial solutions to difficult problems to work, and in most cases I end up with
a much faster and better working homebrew solution. Commercial software developers do it for their salary, not for efficiency, elegance or anything else.
mircea_popescu: listen, experience in it is
a commodity. it's worth
a salary, nothing more.
mircea_popescu: you are sitting there and seriously telling me 16x replication is
a big deal ?
mircea_popescu: mtgox still needs to get
a real platform and professionalise.
mircea_popescu: so what, i can put an order to sell
a bitcoin for 2 cad or 2.5 dkk ?
sturles:
A bit more: USD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, JPY, NZD, PLN, RUB, SEK, SGD, THB
sturles: MtGox trades bitcoin against
a long list of different currencies.
A separate order book for each currency. Order books are connected at +/-2 2.5% of current exchange value.
mircea_popescu: whereas mpex has s.dice and s.bbet etc makes jackshit of
a difference.
mircea_popescu: obviously that's tested reality and real reality will diverge as soon as it gets
a chance, but still.
mircea_popescu: it makes no difference. trades aren't
a bottleneck. if the 2k orders result in 2k trades or 2k orderbook changes or nothing at all, it's the same.
mircea_popescu: this is
a case of me having some competence and
a bunch of geeks thinking they know better on the strength of their experience hacking their own nat router.
sturles: If you think you can go out buy
a better bitcoin exchange, just do it.
mircea_popescu: having some tinker-product homebrew nonsensical thing used as
a trade engine is nonsense.
taub: that is
a nice feature, but it lags the engine down
sturles: taub:
A few things can be done, yes. An important (to me) feature of MtGox is the ability to have inactive orders (due to lack of funds) automatically activated when funds arrive. Removing this feature, and only allowing funded orders, will speed up the exchange
a lot. But it will also remove an important feature making the exchange less attractive for that reason.
mircea_popescu: can you show me some documentation somewhere for this part : "MtGox process more than 10 trades
a second even during high load. The number of order book changes is _a lot_ higher."
sturles: MtGox process more than 10 trades
a second even during high load. The number of order book changes is _a lot_ higher.
mircea_popescu: look through their historical list, rarely will they report anything over 100 trades
a minute, even at the height of height.
sturles: MtGox does no simultaneous orders for the same currency (BTC), because there is one order book. Like
a stock exchange trading only one stock.
sturles: An exchange handles
a very limited part of the exchange process.
mircea_popescu: the model doesn't work tho, they need
a platform to trade on.
sturles: It is more of
a broker than an exchange.
sturles: Yes, I know
a few things about exchanges and how they work.
sturles: MtGox wouldn't be dreaming of their current volume if they converted to
a traditional stock exchange model.
sturles: And I don't believe SIX has more people talking to their API than MtGox. Not for
a second.
taub: There are
a few things that we can implement to help fight the attacks, such as disconnecting the trade engine backend from the Internet. By separating the data center from the Mt.Gox website, we will continue to be able to trade
mircea_popescu: sturles are you about to propose shithole mtgox doing 100mn
a month is larger an operation than six ?
taub: steady lag of more than
a minute is not working by far
taub: betfair is just
a big exchange, probably more volume than mtgox
sturles: Any exchange can copy the mpex and try that model if they think it wioll work for
a publick high volume exchange with high liquidity and trading volume. I don't.
mircea_popescu: which apparently makes me
a rare bird, but that's really irrelevant.
sturles: mircea_popescu: Those are not for public use. You have to pay $$$$$$$ for
a licence to connect.