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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,
mircea_popescu: no, im taking the time to blow this to bits, they're too stupid to live at this point.
mircea_popescu: secret ruling. ruling is precedent and precedent is law. ignorance of the law is no defense.
mircea_popescu: "In a bid to avoid revealing the details of a secret ruling on domestic surveillance, the White House has warned a federal judge that making the decision public could do “exceptionally grave and serious damage to the national security” of the country."
mircea_popescu: this is like one of those when serial killer goes on to testify and tells the judge all those people were conspiring to kill him so he was perfectly justified
mircea_popescu: it's really the story of slaves who can't find masters because they don't know they need them.
mircea_popescu: all this angst and loneliness and rest of the bs they keep making sitcoms about...
mircea_popescu: this entire equality bs is an expensive fiction really.
mircea_popescu: <mod6> They want him to take his proper place as lord, and the peasants want to serve him in that way. << you know, people do.
mircea_popescu: they have no skills, no ability and won't do any work.