Open Transactions development has reached a point where it is time to start figuring out how best to handle "shorting" of assets. Since I already support a number of altcoins on my server, looking into how shorting of altcoins would work seems a reasonably good idea.

Since shorting involves borrowing an asset from someone, it would seem that introducing shorting to an asset introduces a demand for loans of that asset, thus it provides people who own that asset an opportunity to earn interest by loaning it. Possibly shorting might therefore create a demand for loans of assets that hitherto no one had any desire to borrow.

How much interest are people likely to want on loans when they know the loan is going to be used to try to drive down the value of that which is loaned?

Might shorting drive up demand for an asset due to people wanting to own some to loan in order to earn interest?

Are there, for each altcoin type, people in the community who hold large numbers of that type and are willing to loan them out for shorting?

Each type of coin the server supports will of course be shortable against each other type of coin, supply of coins available to be borrowed permitting. Thus it is not only altcoins that will be short-able. You will also be able to short Bitcoins and, in general, any asset available for borrowing.

-MarkM-

100 is quite a ballpark figure, could be 97 

My sentiment is based on valuations of potentially as disruptive payment processing companies in a similar stage of development. Look at early paypal for example. Look at square and dwoola. 800mil$ valuation after some major adoption announcements coming up this year is not that insane as some may think.

Just treat Bitcoin as a company not as currency. Every BTC is a share. Try to value it considering growth, current biz, near term potential and some deals/projects under development. Feel free to do the math and tell me if I am wildly off base here. I actually think I am being damn conservative with my valuations here.

Totally agree with this sentiment (it is to be expected from me). Not on some TA basis but based on fundamentals I believe that Bitcoin is grossly undervalued by the market. I am not worried at all about Bitcoin part of my portfolio and I think up to 30% of one's investment portfolio shall be be allocated to Bitcoin. I, personally, would want to have more than 30% because most other asset classes are just plain scary these days, but it would be bad to be too concentrated.

the pressure is there. remember this key concept: "WALLS ARE FOR MARKET MANIPULATION ONLY"  the agenda behind putting up a wall is never to buy or sell coins but to keep the price high/low before a set time to make a switch (ie. this weekend). the reason they want to keep the price low till the weekend is they don't want to have as much competition for cheap coins. All the REAL trades are done in "the trenches." When people actually want to buy or sell coins they will do it "in the trenches" discreetly selling/buying a couple hundred coins at a time.

So essentially what i'm saying may sound counter-intuitive but here's what i think of "walls" :   A large ask wall thats up all day friday is a BULLISH sign. Assuming that they make the switch to the Bid side when the banks close. also a large bid wall thats up all day sunday is a BEARISH sign, because they plan on switching to the ask side when banks open.

The almost perfectly linear Diagonal line shape of the bid side is much more healthy than the "r" shape of the ask side.  this is because the bid side is full of "real" traders. People who actually want to buy coins. any time the price changes up or down the bid side is always buying "in the trenches"

Right now, in my opinion, the people that are selling "in the trenches" are being manipulated by that ask wall.

I find it surprising there were buyers for that many sc.

I wouldn't give him all the bitcoins, but if he confirms the random acts of pizza address is valid (no transactions so far), I may send him a tip.

I don't have any LTC rigs going but here is my Solidcoin rig soon to be a Microcash rig as soon as it launches.

I'll play if someone trusts me. 1NkvgHRXZyuaWjM6wCbmuS1L7aknHzBVz9

Edit: Wife calling me to bed. I'm going to play a different game (hide the salami) so I can't make the six hour deadline.

Is bitcoin ready for the solidcoin collapse ?

the thing is why use reapers code since ( IMO ) doing it in cgminer will outperform reapers code, Reapers code does have it's problems with glitches and that is why i am agree with just building a new kernal for CGminer

And I vote for the LGminer ( LitecoinGpuMiner Hence LGminer ) or ACminer ( AltCoinMiner Hence ACminer )

I was attracted by the high interest rates and the money I thought I could earn by depositing bitcoins with them.
I never made a single trade on Bitcoinica.
I simply held a balance and collected interest.

lool, yea maybe the ONLY pol YOU know, you are a troll dude, just becuase you couldn't handle mmcFe, maybe some else can

$10

I'm sorry to further de-rail this thread by adding another post about this topic, but seriously... Smoothie, are you fucking serious? His analogy fits the situation perfectly regardless of the fact that gold miners no longer use shovels. And FFS, did you call him out on using the word analogy because it has a root word of anal? You used the word too, you idiot.

We pardon the interruption. Your regularly scheduled programing will now resume.

But how come your premium is more than double what it normally is? I mean it's a bit disappointing, especially since shipping isn't included.. I would never use your shop just because of the premium that you charge. I'd first go to an exchange, sell my BTC, get fiat and find a reasonable local dealer. You might want to think about the price you charge a bit.