780400+ entries in 0.487s
BingoBoingo: herbijudlestoids: Consider
this a lesson in fundamental assumptions
that vary between
the fiat and BTC worlds. Fiat can have money come in at any price.
herbijudlestoids: probly between me and you
there has been more activity in ATCBTC in
the last hour
than
the last 5 days
herbijudlestoids: BingoBoingo: yer, in which case
the spread stays at 300 and nobody gives a fuck about
the market
BingoBoingo: herbijudlestoids: Or you could simply
try
to not become less capitalized?
herbijudlestoids: and if im not capitalised correctly
then
the best i can do is
the best i can do
BingoBoingo: herbijudlestoids: I believe
this point came up in
the -assets log earlier. You didn't need someone with 100 BTC
to beat your efforts at Market Marking. All it
took as someone with 0.015 BTC and some ATC.
Vexual: im coming
to
the party
herbijudlestoids: BingoBoingo:
the goal was
to seed a microstructure, but if you dont want one,
thats coo :) i can just lift
the offers
BingoBoingo: Except for
that mistake in
their order matching left me down some ATC, because string and cans
BingoBoingo: mircea_popescu: My favorite part of
this exercise is
the one where I nao have moar ATC and BTC
mircea_popescu: BingoBoingo as rickles once said, he's making a loss on every
trade but hopes
to make it up on volume.
BingoBoingo: herbijudlestoids: You are
the one who keeps Buying high and selling low
herbijudlestoids: BingoBoingo: if you want
the market
to be liquid at ~100 so be it :P
kakobrekla: mircea_popescu wheres
that personal responsibility url
mircea_popescu: asciilifeform 2011
tho. you gotta understand, it was sort-of like atc.
Duffer1: "Will be doing huge pumps in
the future. Honest, safe, never pre-pump."
mircea_popescu: basically
the concept of altcoin matched just perfectly on
the preexisting pump and dump
thing.
ozbot: Crypto Pump Guru (CryptoPumpGuru) on
Twitter
BingoBoingo: mircea_popescu: I'm just waiting for
the next challenger
to
try
to close
the bid-ask spread
pankkake: well, I updated
the makefile, older boost versions don't need
that change
BingoBoingo: herbijudlestoids: check
the ATC
trade history
BingoBoingo: herbijudlestoids:
They were executed after
the sale at 110 satoshis. Because I had
to
target
them at
the exact price
BingoBoingo: herbijudlestoids: No, I just manually sniped your bids after
that fail.
mircea_popescu: herbijudlestoids so it puts unfunded bids on
the book ?!
mircea_popescu: <Apocalyptic> order will get executed at
that price even if
their are better bids << ahahaha WHAT
BingoBoingo: herbijudlestoids: i
tried
to wipe out your bids with one limit order down
to 111 satoshis and it skipped your bids and sold cheap
☟︎ Apocalyptic: order will get executed at
that price even if
their are better bids
kakobrekla: not
this again, whats next, you gonna ask me
to fix and run mpex?
Apocalyptic: <herbijudlestoids> BingoBoingo: whats specifically wrong with
the order matching? //
try
to sell for a price of 0.00001
mircea_popescu: i
think we should ban kakobrekla because he is slanderous.
herbijudlestoids: BingoBoingo: whats specifically wrong with
the order matching?
BingoBoingo: Their order matching seems
to be shit as well.
pankkake: so are
the other altcoin
trading places
Apocalyptic: the guy running it is a nobody with shady past history afaik, UI is shit,
the engine is PHP and looks like shit
too
mircea_popescu: kakobrekla mebbe so. even if he had
tho... he'd still be underwater atm
herbijudlestoids: Apocalyptic: if i can convince some other fuckers
to be doing
the same
thing
then it starts
to roll
gribble: MtGox BTCUSD
ticker | Best bid: 444.0, Best ask: 444.47083, Bid-ask spread: 0.47083, Last
trade: 444.0, 24 hour volume: 29456.16303645, 24 hour low: 444.0, 24 hour high: 549.0, 24 hour vwap: 492.42453
gribble: Bitstamp BTCUSD
ticker | Best bid: 603.97, Best ask: 606.99, Bid-ask spread: 3.02000, Last
trade: 603.06, 24 hour volume: 28763.64056223, 24 hour low: 601.54, 24 hour high: 660.0, 24 hour vwap: 630.853465711
Apocalyptic: your spread has
to be higher
than
the commission in order
to make it profitable disregarding price movement
herbijudlestoids: i am not
the only one with
this game in mind it seems, someone has an algo waiting
herbijudlestoids: Apocalyptic: im
trying
to build a microstructure and get paid appropriately for it
herbijudlestoids: i am aware
that
there is a commission, yes...what does
that have
to do with
the bid/ask spread?
Apocalyptic: <herbijudlestoids> okkk..the spread on ATCBTC is now 1 satoshi // you're aware of
the fees right ?
mircea_popescu: china likely won't retaliate and
that's
the whole story.
mircea_popescu: decimation not quite.
the russians would retaliate against
the us and eu,
the us would probably retaliate against china,
mircea_popescu: "Our servers are currently experiencing a
technical problem.
This is probably
temporary and should be fixed soon."
decimation: indeed, and any attack against a nuclear state with nukes must always be considered suicidal because of
the uncertainty about counter-strikes
pankkake: I
thought you just had
to bribe
them
ThickAsThieves: from Cryptsy "We pick coins based on what we perceive
the volume will be not based on any criteria you can just meet."
mircea_popescu: this is in fact
the laser pointer argument all over again.
the earth is very large. nukes are rather limited. see
decimation: even in
the red zone you would likely survive
the immediate radiation if you were in a simple bunker
mircea_popescu: jurov
the guarantee isn't
that no city will be hit. in fact as i say above, at least one already has.
jurov: there are irrational actors. religious nuttery is actually on
the rise.
mircea_popescu: according
to
tokio administration, everything is and has been ok.
mircea_popescu: moreover, practically :
tokyo was hit worse
than if
the us had actually detonated a large nuclear warhead.
decimation: nuking
the place ruins
the value, making it a foolish proposition for any rational actor
decimation: the value of a city is
the sum of all
the services its brains can provide
decimation: well,
the ultimate argument against nukes
today is
that wealth is not held physically anymore
jurov: they will prolly sell
them at
thinkgeek
mircea_popescu: really,
they'll kill a fly ? and douse everyone in
there in carcinogenics ?
mircea_popescu: one
that's not
tailored
to
the last lost war and its constraints.
mircea_popescu: one of
the reason
this sovereign beats
that sovereign is
that it has a better definition of sovereignity.