mircea_popescu: if we scale this liniarly we discover it'd cost more than it's worth to have ti trade

mircea_popescu: what's sad is that they take ~5k a month in hardware costs to process 8k trades in 30 minutes

mircea_popescu: MJR_ mpex doesn't do fiat tho, so it's kinda moot for this problem

mircea_popescu: it's not exactly "go to wikipedia" sort of thing

mircea_popescu: pizzaman1337 no but srsly, this is the sort of thing people pay in the 100's of k's for,

mircea_popescu: you read about it in school, which costs dough

mircea_popescu: pizzaman1337 this ain't knitting we're discussiong here man.

mircea_popescu: pgp bitfloor, the guys currently owinfg like 900x what they'll ever make ?

mircea_popescu: people picked off the street

mircea_popescu: devteam, miners, pool ops, exchange ops, everyone is... you know... draftees

mircea_popescu: the problem with bitcoin in general is the userbase is dumb.

mircea_popescu: kakobrekla basically.

mircea_popescu: they perceive they lack any distinguishing features

mircea_popescu: problem is every exchange wants to act as if in a vacuum, because

mircea_popescu: or independently, but pgp is a good solution to keep it safe.

mircea_popescu: pgp that could easily be implemented using the mpex push for isntance

mircea_popescu: Mar 11 09:19:27 <mircea_popescu> this process is called fixing, it's widely used to obtain a price.

mircea_popescu: Mar 11 09:19:15 <mircea_popescu> etc

mircea_popescu: Mar 11 09:19:14 <mircea_popescu> 42 12 40

mircea_popescu: Mar 11 09:19:14 <mod6> think i just need to add some sleep time....

mircea_popescu: Mar 11 09:19:08 <mircea_popescu> now a b and c review their books

mircea_popescu: Mar 11 09:19:01 <mircea_popescu> say 47.3

mircea_popescu: Mar 11 09:19:00 <jurov> ah that kind of meeting you mean

mircea_popescu: Mar 11 09:18:58 <mircea_popescu> x has to call a lower price now

mircea_popescu: Mar 11 09:18:52 <mircea_popescu> 25 + 70 > 50k so its not fixed

mircea_popescu: Mar 11 09:18:45 <mircea_popescu> then they say. a buys 50k usd. b sells 25k usd. c sells 70k usd.

mircea_popescu: Mar 11 09:18:27 <mircea_popescu> a, b and c go through their books, see what customers want, see what they want on their own account

mircea_popescu: Mar 11 09:18:13 <mircea_popescu> chair X calls the meeting. X proposes price, say 47.5

mircea_popescu: Mar 11 09:18:00 <mircea_popescu> ok, it's like this. suppose the three main dealers are A, B and C.

mircea_popescu: MJR_ no gais. fixing.

mircea_popescu: few people involved actually have enough finance knowledge to get it going yet.

mircea_popescu: personally i think the solution is fixing, but

mircea_popescu: because exchanges concentrate liquidity and people chase liquidity

mircea_popescu: mod6 it would be good to have many exchanges, but there's problems with getting that to work in p[ractice

mircea_popescu: what are those ?

mircea_popescu: i imagine a number of people are.

mircea_popescu: just trying to get smarter over here :p

mircea_popescu: lol kk

mircea_popescu: ya but i mean, why ?

mircea_popescu: this particularly is illustrative.

mircea_popescu: http://i.imgur.com/HzcprPZ.png

mircea_popescu: mod6 bring me up to speed, what exactly is the objection ? it is widely deployed and consequently well debugged by now

mircea_popescu: for people into sdice graphs : https://bitcointalk.org/index.php?topic=80312.msg1614936#msg1614936

mircea_popescu: there's material here to scathe.

mircea_popescu: the proof of something awful's general cluelessness/irrelevance is the low level mock articles they're pushing out.

mircea_popescu: pigeons i fear it'll take me a little to digest this one

mircea_popescu: this is possibly the worst case of "hi i am calling to report a bug" bungled tech support ever.

mircea_popescu: devs say berkeley is broken. it is fine. they forgot to configure it.

mircea_popescu: so here's the lol of today :

mircea_popescu: oh i see yeah

mircea_popescu: well... let's just hope gavin sends him the correct lists then

mircea_popescu: .8*. in march.

mircea_popescu: so he couldn't do refunds all through february because the devs borked transition to .9

mircea_popescu: lol totally offended okay.

mircea_popescu: you got a scammer tag ?!

mircea_popescu: fucking idiots.

mircea_popescu: "o, it was a bug in berkely db"

mircea_popescu: https://bitcointalk.org/index.php?topic=152027.msg1616671#msg1616671

mircea_popescu: burnside ^

mircea_popescu: ThickAsThieves sorry ?

mircea_popescu: such as including 10k 160 byte txs

mircea_popescu: until someone figures out how to trigger the berkley bug with a smaller block

mircea_popescu: kakobrekla should be fine.

mircea_popescu: the way mpex works you get the trade engine lag printed rioght on each stat

mircea_popescu: smickles i think it's a fine measure as it is really.

mircea_popescu: once i get the rest online, can you measure the lag for the entire $proxies list ?

mircea_popescu: smickles actually the expansion on that is

mircea_popescu: mpex could trade on beenz if i wanted to, it's completely btc agnostic.

mircea_popescu: benkay no, my own. btc don't enter into it

mircea_popescu: (this has to be sustained at that level for an hour or so for things to start feeling it)

mircea_popescu: i've seen > 100 on testnet with the future config

mircea_popescu: benkay i've seen > 10 orders per second irl

mircea_popescu: you can't measure the trade engine from outside

mircea_popescu: it takes .11 seconds for an order to go from bot to remote proxy -> to local proxy and back

mircea_popescu: no that's not correct.

mircea_popescu: it takes .11 seconds for an order to go from bot to remote proxy -> to local proxy -> to trade engine and back

mircea_popescu: benkay the bot just measures the proxy response

mircea_popescu: the lag to talk to mpex, through a remote and a local proxy

mircea_popescu: o boy will i be having fun with this.

mircea_popescu: win.

mircea_popescu: $mpexlag

mircea_popescu: ;;goxlag

mircea_popescu: good point

mircea_popescu: be that as it may.

mircea_popescu: courtesy of idiotteam doublewhammy-ing them

mircea_popescu: benkay the top pool is pretty much bankrupt now, is it ?

mircea_popescu: that were illustrated by this but aren't limited to lage blocks

mircea_popescu: and incidentally, i wonder what OTHER exploits are there for berkley

mircea_popescu: but it still costs > 0

mircea_popescu: it may be reduced rto almost no cost, maybe

mircea_popescu: knowing in advance there will have to be a hard fork is a weakness of the system.

mircea_popescu: even if we don't know that doesn't make the issue ok.

mircea_popescu: we'll find out if we're unfortunate enough.

mircea_popescu: how would i know ?

mircea_popescu: that's not how this works, "o, what bad stuff could happen?"

mircea_popescu: Namworld you're proceeding on the wrong path.

mircea_popescu: just the puppy eyed idiots don't quite get what happened so raw raw we love devteam

mircea_popescu: it really is a catastrophe, strategically

mircea_popescu: ThickAsThieves yes, it does.

mircea_popescu: yeah.