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mircea_popescu: whereas mpex has s.dice and s.bbet etc makes jackshit of a difference.
mircea_popescu: what sort of left field nonsense is that! mtgox only trades bitcoin. mpex only trades bitcoin. that mtgox has usd and eur and aud and w/e assets
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.
mircea_popescu: i'm not interested in handling fiat and this is not an argument.
mircea_popescu: wtf, we're talking about pretty much the one field where that's not the case.
mircea_popescu: no, just this bizzaro superman attitude. homebrew beats commercial.
mircea_popescu: yeah well, i'm putting all this down to geek disease then.
mircea_popescu: having some tinker-product homebrew nonsensical thing used as a trade engine is nonsense.
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."
mircea_popescu: this is their engine choking, it can't process fast enough.
mircea_popescu: look through their historical list, rarely will they report anything over 100 trades a minute, even at the height of height.
mircea_popescu: mtgox gets 10 simultaneous orders, lag spikes over 100
mircea_popescu: yes. the problem here is this : mpex gets 2k simultaneous orders, lag stays under .2
mircea_popescu: suppose 2000 users all happened to put an order in at the same time.
mircea_popescu: as far as i know the most mtgox can take is something to the order of 10 simultaneous orders. certainly not 100.
mircea_popescu: that's the key factor. get back to me when you see it over .2 or so.
mircea_popescu: once they get that nothing prevents them from being their own amtrade
mircea_popescu: the model doesn't work tho, they need a platform to trade on.
mircea_popescu: listen, just because you think it is doesn't make it so.
mircea_popescu: so then what difference do you see between what i wrote and what you wrote above ?
mircea_popescu: because there seem to be pretty huge disconnects here i can't quite bridge.
mircea_popescu: other than being involved in bitcoin, do you know anything about exchanges etc ?
mircea_popescu: listen, not to be an ass, but are you at all qualified to discuss this topic ?
mircea_popescu: sturles you don't believe six handles more trade thoroughput than mtgox ?!
mircea_popescu: sturles "Thanks to high capacity reserves and an average round-trip latency of just 37 microseconds for equity trading, investment decisions can be implemented faster and risks adjusted more quickly"
mircea_popescu: sturles are you about to propose shithole mtgox doing 100mn a month is larger an operation than six ?
mircea_popescu: and they will end up having to use brokers and separate clearance.
mircea_popescu: they're implementing the separate trade engine model (which is good)
mircea_popescu: sturles you don't seem to understand that everything that works works like mpex.
mircea_popescu: but soon enough they'll figure the advantages of splitting it and that'll be that.
mircea_popescu: which apparently makes me a rare bird, but that's really irrelevant.
mircea_popescu: they'll copy the mpex model whether they want to or not, because the mpex model is not an accident
mircea_popescu: again : this is not up to discussion. if you want to do this you'll have to do it. otherwise it's not done.
mircea_popescu: sturles each and every national exchange. ~100 of them.
mircea_popescu: exchange and clearance are sepparate not because peopl;e have nothing better to do with their time, for instance.
mircea_popescu: they're already trying to copy the mpex broker model, but they're doing it stupidly/half bakedly
mircea_popescu: what, you think the romanian stock exchange runs on software developped by romania's central bank governor ?
mircea_popescu: sturles you get a license. there's corps specialising in this.
mircea_popescu: taub in fairness pretty much everyone involved with bitcoin has had a huge task just dropped on their lap.
mircea_popescu: before htey couldn't afford that, so i get it. but now the yhave the money to pay for it,