940400+ entries in 0.56s
Bugpowder: mircea_popescu: A car is a functional object of desire
that feels like it just might actually be in reach, even if you have only a few hundred coins.
tiberiusiv: if voorhees has 90% of sdice shares, what stops him from playing on his own site everytime he wants
to dump more shares, in order
to increase "profits"
thereby introducing more motivated bidders
to buy
them
MJR_III: not an otc
thing, or not another internal investor
MJR_III: in fact, i
think
that is not a good sign for
them
MJR_III: that just changes
the price
MJR_III: while i agree coinbase is fucking up
their opportunity
MJR_III: but
that was not
the cool link...what would you price
that block of coinbase shares at?
mircea_popescu: "Hey All I Am a long
time miner with a low budget. My 1 Gh/s isnt cutting it anymore, or has it for a long
time. I need our Help
to Secure a Batch #3 Avalon. I Have A Listing Up On BTCJam"
dub: I was gonna dismiss
that based on its european decent but its actually pretty badass
MJR_III: fix whatever stupid model
they are using
MJR_III: but anyways...this PE deal could be good i
think
MJR_III: mircea_popescu: did you see
the car i want
to get once bitcoins make it possible lol
gribble: A market order
to buy 20000 bitcoins right now would
take 1477023.0224 USD and would
take
the last price up
to 75.1364 USD, resulting in an average price of 73.8512 USD/BTC. | Data vintage: 0.0011 seconds
Bugpowder: So... On wednesday,
thursday and friday of last week, 10,000-20,000 BTC buys went off between 15:00-15:30 GMT each day. So, we may be
thru $75 within
the next 15 hours.
mircea_popescu: "MagicalTux already explained
that he is writing a entirely new site
that is decent and not a stupid magic
the gathering
trading script. "
mircea_popescu: Bugpowder long
time user guy, im sure he didn't step into anything obvious.
jurov: let's finish
the drawin
together
Bugpowder: mircea_popescu: Did
they wire in over $10k at a
time?
mircea_popescu: Bugpowder
then
there's
the people with 50k waiting for 3 months for
the "developers"
to look into it
jurov: or would it be suspicious
that guy from yurp suddenly gets bunch of ach,dwolla and such stuff?
Bugpowder: Bitcoin is just such a stunning example of how profitable it can be
to be an early adopter of something, on some many levels.
nanotube: jurov: i updated
to use
the new data.mtgox
Bugpowder: its really a system of haves and have nots. People with verified gox accounts
that aren't scared by filling out a wire form or put off by paying a $30 fee, or have a bitcoins direct account...
Those are
the haves.
Then
there are
the people
that use coinbase or are sitting in
the verification queue.
MJR_III: crazy
to see compound interest at work...usually its fractions of pennies
MJR_III: put $170 in on
the 19th...$175
today...
Bugpowder: so many reddit posts about how hard it is
to buy bitcoins
mircea_popescu: as far as i know you're
the only person with a positive experience with
them.
jurov: interesting, bitcoin-central does accept unfunded asks
too, but shows
them in book with zero amount
Bugpowder: mircea_popescu:
They raised my withdrawl limit
two hours after I emailed
them
MJR_III: btw... mircea_popescu did you see
the Private Equity deal for CoinBase?
smickles: it hits me about 12
times a day
smickles: dub: yeah, by
the damn baidu bot
mircea_popescu: "Most open
tickets have a resolution within 20 minutes. Remaining cases are when
there is not enough information, or when issues are not simple user-specific issues (or linked
to an outage)."
mircea_popescu: well... most webservers come prioritised out of
the box
MJR_III: but mostly for
the cool factor
smickles: < Bugpowder> smickles is wrong << i guess
they finally gave
that up, huh? (also, i'm laggin out like mad cats)
MJR_III: ah could be
true i suppose
mircea_popescu: they're prolly going
to move it on a separate machine seeing how i
the "how mpex does it" article made
the rounds
MJR_III: apache is not
the matching engine...though
that very may well exacerbate
the problem
MJR_III: they list "improving
the matching engine is one of our biggest projects right now"
mircea_popescu: MJR_III because
they run a webserver on
the same machine
MJR_III: even more reason
they can't have it in ram
MJR_III: how could
they be so slow in RAM
MJR_III: DB programming is one of
the biggest areas where
this space needs help
MJR_III: no way its
that slow if
that were
the case
Bugpowder: and
that
the whole book is kept in RAM
MJR_III: you wo9uld imagine wrong i
think
MJR_III: you could do it far outside
the money
Bugpowder: I would imagine
they are using SSDs.
MJR_III: well bots do it intentionally
to
try
to place orders
MJR_III: it is almost certain
that
they are doing reads on an HDD
Bugpowder: to some extent bots already do
that
dub: if you could work out how
to reliably control
timing..
MJR_III: you could use
the api
to send many orders at
tiny amounts
MJR_III: doubt
they have
toxic flow preventers
dub: you could basically stop
trading with a handfull of accounts
dub: I was
trying
to
think of a way
that gox can be gamed
through its shithouse engine
MJR_III: glengarry glen ross and rogue
trader...now margin call
Bugpowder: people say X wall is fake because
they are fucking idiots.
MJR_III: been a
trading movie kind of day
Bugpowder: right, but what we REALLY want
to know is
the shadow pool of funds not on
the book.
MJR_III: well
that
theory was busted for me...i guess
their book is pretty accurate, as far as
they actually have funds behind orders
Bugpowder: I can
test in a few days when I dump another batch at $97. :)
Bugpowder: Don't have coin at mtgox right now, but pretty sure you need
to fund asks
too for
them
to show
MJR_III: i
think bugpowder said
that
they only show
the closest
to
top of book?
mircea_popescu: so basically you can put it in, but it won't list it in
the book ?
Bugpowder: If you underfund your bids, your cheapest bids don't post
to
the market
MJR_III: the other orders only pop up when
that one is canceled
MJR_III: Bugpowder proved
that last night
mircea_popescu: wtf is it about bad ideas
that makes
them so irresistible
to people.
smickles: they show in
the book and only disappear when
they get
touched by an ask
smickles: gox lets you place bids b/f you have cash in
the account
MJR_III: as you'll see...i
told him if market was efficient it'd be broken
mircea_popescu: a restatement of
the efficient market
theory, which is broken even in fiat.
mircea_popescu: "mjr: if satoshidice future was more certain,
the price would reflect it, it doesnt." << well,
this is fundamentally a broken argument.
MJR_III: fucked up how much noise
to signal
there is from
the biggest exchange