930800+ entries in 0.646s
MJR_: i don't care, i've never
traded
there and we all know
they suck...let's move on
to
the next
topic
MJR_: well, i am not
talking about gox
KRS1337: if i have old account but never verified will i float
to
the
top
bitesak: the pertinent fact is slightly in between
the lines.
The statement doesn't quite instill confidence.
MJR_: cool
thanks...i was just going
to point out
the one pertinent fact
gribble: BTCUSD
ticker | Best bid: 133.10000, Best ask: 133.15000, Bid-ask spread: 0.05000, Last
trade: 133.15000, 24 hour volume: 119390.78497527, 24 hour low: 110.00000, 24 hour high: 142.00000, 24 hour vwap: 127.53063
ThickAsThieves: The N options just
turn into
T's at
the end of
the month, correct?
troc: also via fb : Last year, Mt.Gox saw an average of 9,000
to 10,000 new accounts created every month.
This number doubled in January,
tripled in February, and sextupled in March. In
this month alone, over 57,000 new accounts were created!
troc: rumour info, its what people report when
they are in
the queue
ThickAsThieves: i guess in
the scheme of
things its not a lot of people
ThickAsThieves: kinda had a feeling
that
the run up was caused by gox lag entirely
gribble: BTCUSD
ticker | Best bid: 133.14634, Best ask: 133.19999, Bid-ask spread: 0.05365, Last
trade: 133.20000, 24 hour volume: 119965.62436588, 24 hour low: 110.00000, 24 hour high: 142.00000, 24 hour vwap: 127.58826
gribble: MtGox lag is 0.056398 seconds. During
this
time, light
travels 0.000113020960537 AU. You could have sent a bitcoin
to
the other side of
the Earth, along
the surface (0.0001339 AU).
mircea_popescu: it's all spelled out for
them,
they can just steal it uncredited like before for all i care.
mircea_popescu: maybe
they know what
to do with it and reinvent
themselves.
mircea_popescu: but let's be optiomistic :
they've been given a boon
these coupla months
ThickAsThieves: they will probably flail with some ugly moves before letting go of
this cash cow
mircea_popescu: but
that aside, mtgox has been bleeding marketshare since late 2011
mircea_popescu: and on and on. sure. intellectual lazyness is
the main driver of human behaviour.
mircea_popescu: and if
they're
too lazy
to read on something else "it's bad"
mircea_popescu: and if
they happen
to be used
to something "it's great"
ThickAsThieves: everyone
that owns possibly
too much asicminer stock, says "its underpriced!"
ThickAsThieves: people's rationale usually
tends
to lean
toward where
their profit is
sturles: As long as
they continue, I will be using MtGox. Hmm. Perhaps it is actually good for
their business..
sturles: I hope
they continue. I profit massively during panics.
sturles: It is from
the mouth of MagicalTux.
mircea_popescu: when you
tell me
to read up
there's nothing
there outside of very bad mtgox pr.
sturles: The pattern
that has been repeated
the last weeks is: DDoS starting against companies providing fast funding
to MtGox, like Dwdolla,
then a massive DDoS against MtGox,
then only seconds later, massive selloff. Causing panic. Prolexis spends some
time
to mitigate
the DDoS, and by
then
the panic is widespread.
mircea_popescu: see,
that's
the problem here. when i
tell you you have
to read up i give you what
to read up.
sturles: mircea_popescu: You should at leas
try
to inform yourself about
the DDoS against MtGox before coming with uninformed nonsense "for
the record".
mircea_popescu: which, i would hope, you've read
the most recent
trilema article on and know how it was arrived at and why.
mircea_popescu: and for
the record, "mtgox ddos" is just mtgox crashing under sell pressure.
sturles: DDoS against MtGox is a bit more sophisticated
then.
mircea_popescu: but seriously, please inform yourself before starting discussions,
this is unseemly.
gribble: MtGox lag is 40.399133 seconds. During
this
time, light
travels 0.0809594102008 AU. You could have sent a bitcoin
ten
times between Saturn and
Titan (0.0802 AU).
sturles: How nice for you. No. How many
trades per second was
the DDoS able
to generate, btw?
sturles: If you
think you can buy a better exchange and make it work better,
then please go ahead. Everyone will encourage you
to do so. If you are successful, you better be prepared for 100 Gbps DDoS attacks as well, but
that should be no problem because every broker has a dedicated line. Right?
gribble: BTCUSD
ticker | Best bid: 132.00000, Best ask: 132.98098, Bid-ask spread: 0.98098, Last
trade: 131.83755, 24 hour volume: 125243.62956022, 24 hour low: 110.00000, 24 hour high: 142.00000, 24 hour vwap: 127.71252
sturles: And believe me -- I have
tried many
times
to get expensive commercial solutions
to difficult problems
to work, and in most cases I end up with a much faster and better working homebrew solution. Commercial software developers do it for
their salary, not for efficiency, elegance or anything else.
mircea_popescu: the only way
this goes any further is we start insulting each other, so let's just leave it be.
mircea_popescu: as far as i'm concerned
the situation here is
that you are grossly unqualified
to discuss
this matter and still insist
to do so (because as per
the
texbook you also lack
the metacognitive abilities
that'd allow you
to realise you're way off).
sturles: You are still comparing apples and oranges. SIX != MtGox. Not even close. In so many ways I don't even bother
to get started.
mircea_popescu: this on
top of
the entire six doesn't come close
to mtgox ?
mircea_popescu: you are sitting
there and seriously
telling me 16x replication is a big deal ?
sturles: mircea_popescu: What does homebrew has
to do with anything?
mircea_popescu: bitcoin geeks still need
to give up
the disease and get serious.
mircea_popescu: mtgox still needs
to get a real platform and professionalise.
sturles: Rate changes may cause
trades
to happen-
sturles: Yes.
The big deal is
that one order book change becomes 16.
sturles: They use
the current ECB rate for currency conversion.
mircea_popescu: don't be silly.
there's no such
thing.
they query some service ?
sturles: Because
the order has
to be reflected in all order books.
mircea_popescu: so what, i can put an order
to sell a bitcoin for 2 cad or 2.5 dkk ?
sturles: A bit more: USD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, JPY, NZD, PLN, RUB, SEK, SGD,
THB
mircea_popescu: i would guess
the long list of ~250 option lines is longer
than whatever list of mtgox currencies
sturles: This is
the number
two reason for slowness.
sturles: MtGox
trades bitcoin against a long list of different currencies. A separate order book for each currency. Order books are connected at +/-2 2.5% of current exchange value.
sturles: This is
the second largest reason for
their slowness.
mircea_popescu: what sort of left field nonsense is
that! mtgox only
trades bitcoin. mpex only
trades bitcoin.
that mtgox has usd and eur and aud and w/e assets
sturles: MtGox supports matching buys and asks in different currencies
to each other. How many does mpex handle?
sturles: How many currencies can I
trade
the same asset in?
mircea_popescu: obviously
that's
tested reality and real reality will diverge as soon as it gets a chance, but still.
mircea_popescu: it makes no difference.
trades aren't a bottleneck. if
the 2k orders result in 2k
trades or 2k orderbook changes or nothing at all, it's
the same.
sturles: How many
trades per second can mpex handle in
the same asset while
the number of orders are still
ticking in at 2k/s?
sturles: Yes, so far it is you
thinking.
mircea_popescu: this is a case of me having some competence and a bunch of geeks
thinking
they know better on
the strength of
their experience hacking
their own nat router.
sturles: If you
think you can go out buy a better bitcoin exchange, just do it.
mircea_popescu: i'm not interested in handling fiat and
this is not an argument.
mircea_popescu: wtf, we're
talking about pretty much
the one field where
that's not
the case.
mircea_popescu: no, just
this bizzaro superman attitude. homebrew beats commercial.
sturles: mircea_popescu: And my home network is only 6 mbit/s, so I can't follow it during
the DDoS sessions.
To many order changes.
sturles: mircea_popescu: You have
to use
the socketIO feed for
that.
mircea_popescu: yeah well, i'm putting all
this down
to geek disease
then.
sturles: mircea_popescu: I have been working in IT for more
than 20 years, and homebrew beats commercial products in 9 of 10 cases,.
mircea_popescu: having some
tinker-product homebrew nonsensical
thing used as a
trade engine is nonsense.
taub: its one of
the main reasons it lags, and
they can have
that feature and still not make
the exchange lag