779000+ entries in 0.456s
deanclkclk: so why not find another satoshi for
the 5 bucks?
Namworld: You don't spend
that $5 because
there is a ask lower
than 100 per BTC at 95.
Jere_Jones: You plan on doing
this *on*
the blockchain?
pankkake: if I put 100 for 1 BTC and
there is an ask at 95, I'm already getting
that bitcoin at 95
Namworld: How do you find such lower ask/higher bid so buyer/seller gets more? All bids/asks are all already
there when someone place an order.
deanclkclk: I save $5 dollars and I can use
that 5 dollars
to get an additional satososhi
pankkake: well
then perhaps I'll understand your proposal
deanclkclk: the purpose is
to find
the highest bid and
the lowest ask
deanclkclk: but,
there could be a case where Seller and Buyer gets more depending on
the
trade
deanclkclk: by
the bare minimum...the
traders would get what
they ask for....X dollars for
the seller and X BTC for
the buyer
mircea_popescu: sells specified in dollars, buys in bitcoin for
the btc/usd pair ?
mircea_popescu: deanclkclk so you want
to specify orders by
the other part of
the pair, basically ?
pankkake: you'd have
to know
the future indeed
deanclkclk: so if I put
this bid and
the price sinks...I'm would be a happy camper
deanclkclk: guy..do you know how market works...prices change on
the fly
mircea_popescu: each
transfer yields more coins i nthe recipient address
than were sent
mircea_popescu: maybe
there could be a coin dedicated
to
this concept.
deanclkclk: it's not guaranteed but, hte bare minimum
they get what
the actually bid and ask were
pankkake: but if you want more, just ask for more. your ask might not get fully filled, so?
that was
the price you wanted
deanclkclk: people want
to get what
they ask for?
that doesn't make any business sense
Duffer1: now you're going
to walk off and do it anyways, stay and
talk
mircea_popescu: deanclkclk because people generally want
to get what
they want
to get.
benkay: furthermore,
the problem you're
trying
to solve is not actually a problem. it's a flaw in your perceptions of
trading.
pankkake: as far as I know btc-e does
things properly
deanclkclk: why wouldn't anyone want
to get more BTC if
the purpose of
the site is
to find
the least ask
trade
benkay: deanclkclk: you're unfortunately
trading on exchanges run by derpy web developers
that don't match orders like professionals, and so you come
to
the conclusion
that order matching is a) a hard problem and b) something you're qualified
to handle.
deanclkclk: basically I just get
the quantity I ask for
benkay: deanclkclk: why does
this matter?
deanclkclk: I made 2 or 3 statements and all of a sudden...I'm
too fucking stupid
mircea_popescu: deanclkclk don't
take it personally. i have no particular interest in
the matter.
benkay: deanclkclk: matching
the lowest ask and highest bid is
the baseline for an exchange.
deanclkclk: as oppose just stating random
things..state in what instance I'm a "too fucking stupid"
Duffer1: you clearly don't understand enough of what's involved
to be put yourself in a position of responsibility for other's money
benkay: so
this is not an open problem
deanclkclk: a
trade...we find
the lease expensive ask and
the highest bid and
trade
deanclkclk: how am I loosing people's money when I said ..the objective is for folks
to get more
Duffer1: when you lose everyone's money for
them it will hurt more
than when you lose everyone's memecoin
mircea_popescu: well
there are many fundamental points you're unable
to consider.
mircea_popescu: deanclkclk you may not like
to hear
this, but nevertheless it's a fact : you're really not able
to do
this. for your own sake do it for something light, like a play crypto.
deanclkclk: so
the seller might get more fiat and
the buyer might get more btc
Duffer1: how is
that different
than a regular order book
benkay: HE'S INVENTED
THE ORDER BOOK
deanclkclk: the algorithm goes
through
the list and find
the best price for both buyer and seller Duffer1
deanclkclk: the buyer puts his max bid and
the seller puts
there minium ask price
Duffer1: you propose
to allow buy/sell a price different
than quoted?
mircea_popescu: do you by any chance misrepresent "hft"
to mean "a simulacra of amazon's autobid function" ?
deanclkclk: and in some cases..they can get more dollars ..as in
the case of
the
trader and more btc in
the case of
the buyer
deanclkclk: buyer wants more ..seller wants less...the
trading will be automated where we
try
to get
the best price for both buyer and seller
deanclkclk: I have a value added propition mircea_popescu nad what I'm bring is like high frequency
trading
mircea_popescu: it's not something
to be started
to fill an idle hour in
the afternoon, like wittling.
deanclkclk: well someone else on my
team is looking into it but, it something
that's been nagging my conscious
mircea_popescu: deanclkclk perhaps you've not
thought
this
though
that much.
deanclkclk: thing is..I'm creating an exchange i'm kinda limited
to okpay
to do
this
mircea_popescu: exchanges currently seem
to have a lot of problems, but if you
trust any one you are best served by asking
them what
they can process
deanclkclk: are
there any alternatives
to okpay which accepts fiat on behalf of exchanges?
mircea_popescu: epic shit
this, i've already derived more value from it
than doge ever was worth.
mircea_popescu: you gotta actually do it for it
to be done. coulding have done it ain't military grade.
mircea_popescu: sure. and i see no problem with
that, as you know, conversation.
mircea_popescu: could you have been a one man conspiracy
to
take it all over ? certainly. did you ? no. why not ? well...because of soft constraints.
mircea_popescu: asciilifeform let me ask you
this : are you gathering lots of information about
the early days of bitcoin by extensively watching
the altcoin chain,
tracking
txns etc ?
☟︎ benkay: not moving
to argentina, i gather.
mircea_popescu: i was going
to go "oh,
the blessings of romanian living, i just drained a bottle of
tuica out of my barrel in
the cellar now i have nicely cold
tuica", but i guess i should pass.
mjr_: have
to check my schedule real quick but it should be fine
mjr_: i am planning on going, and will get
the payment in b4
the ides of march
benkay: it's a low-rez jpeg and
they're small!
mjr_: and i was under
that impression
mjr_: mircea_popescu: i
thought
the fee was 10 bitcoins for VIP, not
that I am complaining, I just haven't looked in a while
benkay: mircea_popescu:
that's a strainer.
mjr_: has
that been edited? i seem
to remember 10 bitcoin price, not sure if i am remembering wrong