I think the reserve bug is now foxed, can someone try to prove me wrong please.

Turned out there were no 0 volume trades, just that the asset page was showing completed(now empty) orders, thats been fixed.

Only thing that needs to be worked on now (unless some other bugs show up) are deposits and withdrawals

But right now were doing really we'll.

Good job on the testing guys, we're almost there.

Nefario

Related thread, doesn't steal wallets (because people are starting to encrypt them, so it's getting harder) but swaps bad addresses for good ones.

https://bitcointalk.org/index.php?topic=73562.msg814649#msg814649

From the user.

It's a new address each time.

I believe that visually verifying the address will protect against this.

The addresses so far:
17PPGjFhmvt75yPAd5yFv9iYyBGQfHevnd
14Yq1jKRqwbb9oExcyZFZ6a92QTk333WEZ

Fixed that bug, actually it highlighted a vulnerability. New accounts can be created.

Focusing now on the BTC reserve bug now.

I'm after being in contact with one of GLBSE's users who's funds have didn't seem to show up. After more investigation we discovered that he has a trojan/malware.

The malware recognises any bitcoin addresses that are copied, and replaces them with a new address, when you copy an address from your service you're using (GLBSE.com, Intersango.com) to your bitcoin client to transfer your coins, the malware replaces them with the scam address, so that your coins are sent to the hacker.

When I have more details on the software involved/responsible I will update, in the meantime make sure to double check the address you copy/paste.

I believe that this is a windows only vulnerability.

Nefairo

I'll add the account showing(and the username) to all pages, good idea.
I've got to hunt down that reserve bug- thats the big one for today.
I'll tackle zero volume trades as well.

I'm planning to just have one chronological view of all transactions, and where fee's would be tied to the transactions they're on. For the time being it's all split into different sections.

Thanks for the testing.

Thanks for that, I'll get that one taken care of in a couple of hours. To use CSRF protection I needed to add a tag to every single form, I thought I had gotten them all, oh well this is what testing is for.

I'll be in the london hacker space on Monday for a bit :p

Meetup there

Latest updates and bugfixes are here. version march22

Fixed mail message bug where clicking on a message in the outbox caused an error.

Have added protection against CSRF.

Are we still having issues with the BTC reserve going down after orders are processed?

Last big push guys, database hasn't been reset so your accounts should all be there.

friedcat has verified their identity with two forms of photo ID.

Phone and address verification still to be done.

Nefario.

All sponsors who've sent in their logo are now up, with links to their site.

OK, sure, this makes sense



I get this, actually yeah this is much better, but more complicated to implement.

Very well, I'll implement this, although not for the initial launch, it will be a little bit after.

For the time being then I'll keep the one sided trade fee (because that's whats there and it works, currently dealing with other issues), but cut it to 0.5%

Thanks for the explanation guys.

I don't understand how split fees would work with a stock exchange.

For a currency exchange, both sides of the trade are currencies, and you can take fees from both of them. For example in a BTC and USD trade you can take 0.5% off both, which is fine(neither side pays 1% but thats what you get).

But for a stock exchange, it's not a currency pair but shares and BTC, you can take the fee from the BTC side, but you can't do the same for the share side. As a stock exchange you don't want to be getting shares as payment (because that means you need to liquidate the share anyway) and shares are not divisible.

With bitcoin we can go all the way down to trades of 100 satoishi's before we need to change the code, but often(on GLBSE) single shares are traded, and even larger amounts you can't split into percentages(when there is less than 100 shares).

So how can you split the fee across the buyer/seller on a stock exchange?

As I said before, the main reason was simple to ensure my accounts were balanced, dealing with the network fee is actually an annoying thing about bitcoin, it's not that it's a lot it's just that I'd like my accounts to say exactly what should be in the wallet.

Actually in the very first version of GLBSE, running all the way up until July I think accounts would throw an error if what they said and what the bitcoin wallet said was supposed to be there was different. And every time this happened it locked a users account, so doing something like sending BTC to the same deposit address twice resulted in the books no balancing (because it's only meant to be one deposit per address) , it would throw an error and lock the account, wasted a terribly large amount of my time dealing with that :p

As mentioned in the other thread, the only withdrawal fee was a tiny 0.005btc(I think) to cover the network charge for processing the transaction (so I could keep my books balanced). I did have a minimum withdrawal amount of 1BTC.

As was also mentioned in the other thread I will be dropping the withdrawal fee and minimum amount.

Coola boola, could you explain to this chap why split fees wont really work on a stock exchange (or explain to me why they will).

Feels like you're ganging up on me, anyway I'll drop the dividend fee for the time being, if at a later time I want to reintroduce it we'll have a discussion first.

On the trade fee, it was asked by someone (can't remember where) that 1% is pretty steep for one side to pay (i.e. the seller) and why not split the fee across seller and buyer.

This can be done with a currency exchange(where you can take some from both currencies) but doesn't work with shares.

Also of note regarding the trade fee will be that high volume traders will get lower fees.

Nefario.

We only had withdrawal fees on GLBSE1.0 to cover the fee's paid to the network for processing the transaction, it's a tiny amount and was never a source of income(to balance our books and the wallet).

Exchanges have trade fees, that's the exchange business model, and GLBSE has been the exception only in that we've not charged anything over new asset fees (and those were there to discourage spam/scam assets, remember initially it was free).

The fact is GLBSE has been running off it's own capital for more than a year at this point, and "revenue" doesn't come close to covering costs, for 1 months of charts.glbse.com it cost ~25BTC.

Other costs include hosting, advertising, development etc.

I'll reconsider having fees on dividends for the time being, but keep in mind it all depends on how well GLBSE sustains itself (never mind make a profit) on the soon to be introduced fee system. If we can't get into the black then there isn't going to be a GLBSE.

Not to worry though we've still got about a year worth of runway left, and 2.0 is changing everything.

Nefairo

Charts has stopped working, and won't be back up, in the meantime you can see the latest trades on our twitter stream here.

To get information on asks/bids login to GLBSE, select asset and enter the asset name.

Thats pretty much it, I lost my internet connection until fairly late in the evening yesterday, so it wasn't until 5:30AM that I'd finished, thought I'd leave the links until the next day.

Nefario