974100+ entries in 0.716s
mjr_: and all
they are doing is just online wallet....
jborkl: Go
to moneypak. Com and look it up. Everywhere around here
jborkl: Otc will
take moneypak or dwolla. Moneypak, make sure you but it with cash only
mjr_: i will look into
that, i have no clue what
that is
jurov: i herd moneypaks are popular
there
mjr_: i am not
trying
to
trade, just
trying
to buy bitcoins
pigeons: and
that's 1 hour
to get it back in, hope
the price doesnt move
too much
mjr_: no, i don't plan on having money in
there overnight is what i was saying
pigeons: you just keep it overnight, ok dont pick
the night
they go away
mjr_: how long does it
take for satoshidice
to win or lose?
mjr_: and
they seem
to be
trying
to pay people back
mjr_: but like i said, i don't plan on keeping money in
there
pigeons: no bitfloor risk is pretty bad, some people
think
thye are only operating
to get enenough
to run away again
gesell: pigeons: i
think im missing
the "you didnt make prof until you buy again". sorry i feel stupid here but could you explain why i have
to buy again. i
took cash, put it in btc, got cash back + %2, and one week later got
that cash in my hand
jborkl: No, gox is
the one I use for
that reason
mjr_: yes, i plan on using bitfloor
to get bitcoins and send
them
to my wallet right away
pigeons: plus
the risk of keeping your money at
these exchnges is not neglible
mircea_popescu: "Coincidentally, my office was, literally, across
the street from
the registered address of BFL at
the
time. It
turned out
to be an apartment complex, as BFL was a start up and did not have an actual office at
the
time."
jborkl: Yeah, I know.. I don't see
that as expensive
pigeons: at
the highest
teir 1/2%
they go lower
pigeons: well you didnt make a profit
till you buy again
gesell: until i get it back. but if i add more weight and cash at
the start i get blocked less and make more profit, no?
gesell: in order
to reduce fees
gesell: assumed
the "get cash back and repeat" was not as latency burdened so it could
take a long while and be okay
gesell: pigeons: why would it require bitinstant. havent
though it
through but considered
that perhaps one doesnt need instant payout. I guess i've only been looking at
the scenerio of "buy btc here, sell over
there" but have not
thought "get cash back and repeat"
pigeons: and of course
the most volume
pigeons: they are expensive, but htye are
the cheapest
mjr_: yeah...i have seen
that
pigeons: all
the usd deposit and withdrawal methods at btce are 7-8% and
they are never
that much lower
than gox, whoever
pigeons: and
the lowest price is always btce- and
they are never lower enough even on
the rare
times
there is volume,
to break even
mjr_: that is from bitfloor by
the way...so i guess
that might be causing your delay?
pigeons: you can confirm for yourself next
time you see an opportunity
tell me and ill
tell you why it wont work ;)
mjr_: WellsFargo cash deposits are currently suspended. Due
to
this account suspension, ACH withdrawals will be delayed as
the account is closed.
These delays are outside of our control and we apologize for any inconvenience
this may cause. We strive
to process both USD and BTC in an efficient manner and will continue
to do so after
these delays are resolved.
pigeons: bitinstant ends up being 7-8% round
trip
pigeons: best chance
today was 20 bitcoins wanted
to buy at
the rock for 21 when you could buy
them ld buy for 20.60 elsewher
Namworld: or maybe
they asked a wikipedia rep and
they said: "yeah, whatever, as long as we receive money"
gesell: pigeons: i was
the one
that started it. im playing with it. i hear its not worht it but still gonna learn why
mircea_popescu: a huge deal of
the fact
that
they are so graciously not charging Wikipedia for
this "service."
mircea_popescu: BitPay just announced
that you can donate
to Wikipedia in bitcoins now! Oh,
they kinda downplay
the one small detail
that Wikipedia still doesn't actually accept bitcoin. BitPay decided
to set up an escrow account where people can give
their bitcoins
to BitPay and BitPay gives USD
to Wikipedia.
They did
this without Wikipedia's knowledge or consent but
they're acting like it's some huge victory. Oh, and
they're making
pigeons: mjr_: just look, you can't make enough.
try it, but quit
talking about it
pigeons: best are vouchx
to vouchx but
then even if
there is enough depth on
the exchange, aurum wont have
the reserves
mjr_: but
that is what i am saying...since
they don't have fees
to move money, and since you can make money
trading, you could
take liquidity on another site and offer it out
there
pigeons: you need about 10% price difference usually
to arb, causeends up being a good 7-8% moving usd from one exchange
to another
mircea_popescu: slippage is probably a degree of magnitude larger order
to order
mjr_: and over its lifetime i don't
think it will always move a lot
mircea_popescu: i very much doubt
there's
the volume
to arb so as
to render
that meaningful.
mjr_: and it hasn't moved 20%
today
mjr_: that is
trying
to arb
pigeons: oh yeah well for
the ing its easy
mjr_: but mostly i like
them cuz you can move cash in and out really easily (i
thought)
mjr_: think its .1% if you add -.4% if you
take
smickles: mircea_popescu: i can't seem
to remember
pigeons: i cancelled a bitfloor order hours ago and
the funds are still on hold cant make another order with
them yet
pigeons: what do you mean by
their model?
mjr_: i heard some
things about bitfloor
that make me a little wary, but i
think
they have
the best model for a currency exchange
mjr_: and i guess
they still do, but i haven't
tried yet
gesell: hmm, okay. why dont
the others?
mircea_popescu: I'm actually developing a new respect for Mircea Popescu. He's so insufferable
that I used
to avoid reading anything he wrote but I've been reading his blog a bit lately and
the man may be arrogant but he's not stupid. He
thinks strategically and it will be kind of interesting
to watch him go up against
the self-appointed "big players" in
the world of Bitcoin commerce.
The prospect of seeing someone wipe
the floor w
Namworld: It's about people who have nothing better
to do
than angst all day about everything.
gesell: mjr_: its not obvious
to me if
this is happening on btc exchanges. doesnt appear so
mjr_: if you
take someone else's offer you are "removing" liquidity
mjr_: usually if you put an order out on
the books,
thats just sitting
there you are "adding liquidity"
mjr_: no i mean you would have paper gains, but
then when you need
to move it
mjr_: yeah, i
think
transaction fees are going
to kill you
gesell: jurov:
totally. im
thinking about
this as i go
jurov: you'll have
to move fiat someday between
them, no?
gesell: kinda wanting
to push it a bit... maybe we'll get close
to NYSE where
the closer your bot is
to
the exchange
the better :)
gesell: everyone says its not profitable. want
to find out for myself and
then just share
the spreadsheet so everyone else can as well
mjr_: so you will have
to open up accounts on each exchange?
gesell: (and yeah, already sent
the link before
to
the code, and will release publicly once it works)
gesell: get google
to be my damn abitrage bot
gesell: once i get
the volume issue settled im going
to start
to code direct buy and sell code for each exchange, direcly into
the mofo'ing spreadsheet ;)
Namworld: I'd like
to buy a few around 0.02ish
gribble: BTCUSD
ticker | Best bid: 20.30200, Best ask: 20.34999, Bid-ask spread: 0.04799, Last
trade: 20.35000, 24 hour volume: 50555.35614816, 24 hour low: 20.15000, 24 hour high: 21.13000, 24 hour vwap: 20.68153
mjr_: one day i will finally get around
these banks and get some cash on an exchange somewhere
mjr_: i can imagine what
that must be like
though
mjr_: ie.
they could get
the bonus
Namworld: Well, BBET dividend got
through
mjr_: yeah, i was offering
to give someone here
the money if
they already had an account
Namworld: yeah, but
there's no bonus
to join referred
mjr_: if you join
the site...you can say someone referred you
gesell: that is what i mean,
they are
two different
things with huge steps between
them and
the latter has some pretty clear motivations (black market mentality, edge of
the law)
mjr_: well,
that's what i mean, a lot of people hack a system and just change
the wallpaper...
mjr_: sometimes you get people who have both motivations...sometimes
they just have one
gesell: mjr_: not really. its what drives people in
this field, watching
the reaction. my point is
though
that
the step from watching something go
to sht because it doesnt work or everyones passwords got dumped,
to going
to watching money go down
the dube...
the step between
those
too just got more granular
mjr_: i guess what i mean is
that
the motivation
to HACK (gain access
to a system
that is not yours) and
the motivations
to STEAL are
two very different
things
mjr_: but being able
to make something funny pop up on a coworkers screen is always fun
mircea_popescu: dividend payment for S.BBET in
total sum of 203984160
to a notional float of 3000000 has been issued on February 2, 2013, 1:49 am.