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mjr___: i sold 5 coins locally
mjr___: order execution is spotty
mjr___: market data is suspect
mjr___: really hard to trade with lag like this
mjr___: but prices had been risign
mjr___: how would it help them to buy there and then tank the price?
mjr___: time for open outcry...meet me in central park lol
mjr___: with no fees...you only incentivize .01 orders...
mjr___: their could be 1000 orders for every coin
mjr___: since we are looking at volume in coins
mjr___: pgp: volume is not really very a good indicator
mjr___: double fees for smaller orders
mjr___: its all about incentives
mjr___: you not only increase the volume from new people, you make it more viable for bots to send more orders
mjr___: so now i can keep spamming .02 bitcoin orders for no fees, so i can jump in and out whenever i want, trying to make pennies in difference
mjr___: its the fact that they aren't limiting "lot size"
mjr___: we are bad at doing our current volume...let's make LESS money, and make the problem worse in one fell swoop
mjr___: worst, most illogical idea ever
mjr___: 30 minutes lag? no thanks
mjr___: so as you load it bit by bit, you can pipeline the whole thing, so it doesn't even need memory at all
mjr___: the main problem is the UART is a bottleneck, you have to serialize it
mjr___: his theory was to take 200 clock cycles or whatever to load in the first attempt at a hash, after that point, you are doing one hash per clock cycle
mjr___: wasting LUT's on memory
mjr___: they use distributed ram
mjr___: for example...in the open source fpga project
mjr___: so Diablo-D3, my friend is into vhdl, he said that people have focused on lower latency rather than higher throughput
mjr___: they focused on latency
mjr___: from what i saw in the fpga world
mjr___: hmmm...i wonder if you could reimplement the design though
mjr___: has anyone tried to implement it for an nvidia card?
mjr___: i mean you can optimize algorithms for different hardware
mjr___: and is it possible to change the algorithm so it would run better on them
mjr___: is it that they don't run sha-256 well
mjr___: why do nvidia cards suck
mjr_: though think of it..."we crashed the market back in 2011, and we did it again in 2013, care to trade?"
mjr_: not even a hack this time...
mjr_: from what i can see...not one thing has materially changed about bitcoin in the last few days...
mjr_: hmmm...irrational exuberance, and then irrational panic
mjr_: ugh...i almost wouldn't mind the illiquidity if they would just go away
mjr_: that smacks of fractional reserve
mjr_: that was announced a while ago, right?
mjr_: i wonder whats going on at that office right now
mjr_: i don't think they will get the chance to remedy their stupidity
mjr_: well...it is super obvious
mjr_: that is why most exchanges don't really allow odd lots for everyone
mjr_: do they not realize how easy it would have been to limit trades to 1 btc units? poof there goes prob OVER 90% of your volume, maybe you could handle that
mjr_: lol, its becoming a meme "victim of their own success"
mjr_: public trades history- last: 122.1
mjr_: or you can look directly at the trades
mjr_: i am looking directly at the order book
mjr_: buy buy buy on bitfloor lol
mjr_: though i see it as 130/130
mjr_: yeah people losing their shirts today
mjr_: no dumping of stocks
mjr_: have to appreciate mpex and people who use it
mjr_: love the russians today
mjr_: Trade with confidence on the world's largest Bitcoin exchange!
mjr_: 99 on bitfloor i see
mjr_: bitfinex is still up trading around 120 as well
mjr_: i agree...to some extent, but press is not gonna be good
mjr_: that would be a nice start
mjr_: we are sorry for doing serious damage to an amazing community due to our incompetence
mjr_: what would their order book be good for?
mjr_: i cannot believe that fucking they said "we are a victim of our own success, look at our impressive numbers"
mjr_: that actually are professional
mjr_: and people get some good exchanges
mjr_: eh, i think we will see gox finally go down
mjr_: YES open outcry FTW
mjr_: that seems to be the real price
mjr_: so mt gox has suspended trading?
mjr_: shhh, no facts right now...i want to pick up sdice at .001 ;)