923200+ entries in 0.714s
joecool: <pgp> I
thought
they were putting
the code change in on apr 17th <<
mircea_popescu: Skarr_ no no. you can't make
the order at all if not funded.
Skarr_: mircea: you're kidding! I could put a 100,000 BTC buy on
the books without funds?
lippoper1: I'm sure
they
threw a pizza party for
that one
too
pgp: I
thought
they were putting
the code change in on apr 17th
gribble: BTCUSD
ticker | Best bid: 75.20515, Best ask: 75.30000, Bid-ask spread: 0.09485, Last
trade: 75.40000, 24 hour volume: 413800.63298868, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.29060
gesell: Skarr_: yeah?
thats something at least, if
true. Will see if i can
test
this
Skarr_: gesell:
The Gox system accepts
the orders, but puts
them into a Pending state. I'm almost certain
they don't appear on
the books until
they've switched
to an Open state.
That
transition does a check
to ensure you have
the sufficient funds.
gribble: There are currently 503.44177 bitcoins offered at or under 76.0 USD, worth 38260.2899496 USD in
total. | Data vintage: 28.7110 seconds
gribble: There are currently 0 bitcoins offered at or under 74.0 USD, worth 0.0 USD in
total. | Data vintage: 21.4388 seconds
gesell: gox has some scaling issues, and architecture issues, some policy issues. but i
think
they just can fix
them all in
time
to handle
the load
gribble: There are currently 0 bitcoins offered at or under 75.0 USD, worth 0.0 USD in
total. | Data vintage: 17.1069 seconds
gribble: There are currently 407.97339 bitcoins demanded at or over 75.0 USD, worth 30636.2108184 USD in
total. | Data vintage: 12.1662 seconds
gribble: There are currently 0 bitcoins offered at or under 75.89 USD, worth 0.0 USD in
total. | Data vintage: 0.0028 seconds
gribble: BTCUSD
ticker | Best bid: 75.13000, Best ask: 75.89000, Bid-ask spread: 0.76000, Last
trade: 75.13000, 24 hour volume: 413500.15314673, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.29544
gesell: i dont
think so at all
lippoper1: The more
they say mtgox is manipulating
the market,
the more likely it seems, especially with
this weirdness right now.
gesell: yeet no
trades seemingly
lippoper1: That explains why
those "walls" disappear
gesell: yeah i guess my question relates more
to whales building artificual walls. as
these appear
to be indicators for people
gribble: BTCUSD
ticker | Best bid: 74.85000, Best ask: 75.00000, Bid-ask spread: 0.15000, Last
trade: 74.85000, 24 hour volume: 410473.52836880, 24 hour low: 54.25000, 24 hour high: 140.00000, 24 hour vwap: 82.35474
gribble: MtGox lag is 0.92356 seconds. During
this
time, light
travels 0.00185080389931 AU. You could have sent a bitcoin across
the outer diameter of Saturn's rings (0.0024 AU).
mircea_popescu: so basically...
there's
two
things here. what are you discussing,
the exchanges or
the web selfserve brokers ?
lippoper1: see on btc-e, once you place a bid or ask,
they remove
the balance from your account
mircea_popescu: no exchange will
tolerate
this. any order placed is firm and executed.
mircea_popescu: gesell most websites (etrade etc) will allow you
to place any set of orders you wish.
lippoper1: not unless an order
takes it all up first
gesell: i dont understand... i would
think
that one would have
to remove one order maxing
their fiat before making another one
lippoper1: worse
thing is your order doesn't get filled.
pipeline: gesell: a lot of your orders will never be executed, so why would
they limit you?
gesell: okay. ic. pipeline is
there a logic for it or just how it is?
joecool: the amusing
thing is, when i came into bitcoin, it was
the same story,
they fucked up big and crashed
the market
pipeline: gesell: yes
that is
the norm in stock markets
gribble: MtGox lag is 1.260122 seconds. During
this
time, light
travels 0.00252527037897 AU. You could have sent a bitcoin from Earth
to Moon (0.00257 AU).
gesell: can someone
tell me, is it common in markets
that i can place multiple orders despite not having
the
total sum required for all of
them. such as i $5000 and i place
two orders for 100btc at $50. obviously i dont have $50x200.
joecool: doesn't help
though, hate
them or not,
they cause
the single most damage
to bitcoin
mircea_popescu: unfortunate for
them
that
the 3-4 people who fit
the bill and are in btc can't stand
them
mircea_popescu: they desperately need
to hire somebody who knows wtf
trading is and obey
them.
gesell: mircea_popescu: in addition with each
trade
they probably had
to recalculate your fee bracket which meant querying
the db
to see previous
trades. nuts
lippoper1: they'll be back spinning
the wheels soon
gesell: thestringpuller: its actually just a
timeout due
to DoS
mircea_popescu: basically from what can be seen from
the outside
they
take each order and do a mysql select against
the entire book
thestringpuller: this is absurd 100
trades get in executed
then it stops accepting requests
deadweasel: architecture is fucked.
there is no architecture.
lippoper1: That's like
top of
the line for
their Pentium II
lippoper1: I don't know I heard
they're using DDR 800Mhz ram
gesell: mircea_popescu: poland shutdown bitcoin-24... was
that you?? :P
joecool: mircea_popescu:
they need bigger/faster machines
to crash harder/faster
mircea_popescu: i have raid 1+0 ssd's,
they're probably faster
than
their ram
mircea_popescu: so far what
they've done is
they've got a 128gbserver
to run
their shit in ram
thestringpuller: i've read
the article you reference, but if mtgox isn't migrating
to
that model with all
the money
they are making from
their success, you are more
than right...
thestringpuller: it seems whenever you get ddos'ed
the requests still get
to mpex
joecool: just keep suggesting
to him
to get legal counsel, he will need it
mircea_popescu: yeah
they've locked btcwithdrawals for unverified accts.
gesell: is
there a link
to
this?
taub: video game
time i guess
guruvan: tried
to w/d FIVE BTC and gotta verify
mircea_popescu: is it
titled "i am a fractional reserve ask me anything" ?
thestringpuller: they are claiming no fractional reserve
though on reddit in
the iama
gesell: so
there is a hold on getting your btc out of
the exhange?
gesell: what part appears
to be a scam. did i miss something? people can move out btc?
guruvan: I have
to agree mircea_popescu
guruvan: I only moved a little in for
the excitement yesterday, and WTF shouldnt'
they
tell me it's a fucking roach hotel for bitcoins BEFORE deposit
mircea_popescu: if
this isn't a scam
toppling over i don't know what is.
lippoper1: i'm not
transferring any btc in
there anymore
guruvan: Well. I will be
thrilled
to plug up gox's verification queue with a few more people who will
then never
trade at gox again.
gesell: I
think
the headline on reddit now should be "USD skyrockets in value!!"
guruvan: nah - just flashes
to cloudflare a little bit
gesell: thestringpuller: if i remember bitcoincharts is sponsored by mtgox so
they might host on similar lines
lippoper1: i
think
they DDoSed it
too hard, when I see lots of .01 listings and
then
the DDoS comes,
that's guaranteed price drop.
jborkl: When we send a bitcoin
to Uranus ,
that is a problem
lippoper1: see
taub,
the price didn't exactly drop
this
time, but you can see it flatlined
there.
gribble: MtGox lag is 1.753297 seconds. During
this
time, light
travels 0.00351358755711 AU. You could have sent a bitcoin from Jupiter
to its
third largest moon, Io (0.002819 AU).
thestringpuller: lippoper1: yea
there wasn't much access
to short selling or puts
pgp: victims of
their own success... lol... I'd like
to victimize
them...
lippoper1: thestringpuller, I
think media attention will boom with reports of how people lost
their life savings investing in BTC, etc...
gribble: Error: Problem retrieving gox lag.
Try again later.