You cant prove they (or any service) are legit, only that they are legit at this very moment. You cant profe they are dishonest, only proving it afterwards for the time been.
If total scam: Pay in 5% of the invested money per day, and even this 5% exists only in the "books". Wait until 1k, or 10k, or whatever Bitcoins flew in.
But then.. MtGox charges a lot less than 1.75% and still didnt run away with our money. Sure, they would have a problem liquidating 90% of the tradet volume on other exchanges then.. ;-)

So, in short: You cant prove or disprove they (or anyone) are legit or a scam. Even if we knew their "real" names and contactdata we would have to trust that, and that it would be of any use in the case of a scam. And this is the problem with *any* business where you send money first.

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Actually I meant to ask "how is my share of the total earnings calculated?".
Like, for example, you said you have approx 1000 Bitcoins in your books. I have 5 Bitcoin in my account. That is 5/1000 of the total. Now, if you to some magic and produce 50 Bitcoins, will I get 5/1000 of this gain, so will my earnings be 0.25 Bitcoins? The next day my account balance would be 5.25 Bitcoins then?

I.e. is the total gain distributed evenly among the users according to how much they contributed to the total sum?

(Why do I ask? MtGox, for example, charges different fees depending on volume)

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The best one, which right now is still hypothetical, will use the MtGox API, and not your login data. You can configure the API to be only authorized to trade and not withdraw. So the bot couldnt steal money (directly). Payment for this? Transfer a part of the earnings manually to the bot's adress, or get your bot-activity suspended if you fail to do this in time. Still hypothetical, and until such a bot goes public, no bot will see any larger sum from me.

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Bitscalper, how is my earnings calculated?

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I cant believe I just read the whole 8 pages, not understanding a word! :-)

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Thank you for your reply, Jesse!

Sounds like serious changes and steps forward, am curious how it will turn out!
Thank you for the pointer about the expressions, will wrap my head around them.

A general question: It seems like the bots can only analyze "now", and not use data from the future past? Something like "average price of the last 6 hours"?

Thank you again,

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Hi Jesse,

I just found your platform today.
I am a lot interested in it, thank you for making it public and free to use!

Now I am a bit confused about the bot parameters themselves..
In no way I am an experienced trader. But I would think there are several different trading strategies, which base on totally different triggers.
Looking around in my account, I find a lot of parameters, which are spread over many (sub-) pages and which impose one trading strategy on me. Granted, I dont understand that strategy in full detail yet.

I would love the option to start from scratch. Like two empty textboxes, one for "buy" and one for "sell". I would have to script everything by myself, like "add 0.65% on top of it" and the like. With that I could do silly things like "buy every day at noon, sell at 3pm" as well as more complex things.
I would not even be sure if such an option would be "basic" or "advanced" ;-)

Is there a referencelist? What exactly do the keywords mean, how are they calculated, which do exist? Like "LimitOrderValueRate", "CurrentOrders.HighestAsk.Value" etc?

I just had a quick look around, but for now I am a bit shorttaken by the dozens of subwindows, options, keywords and the like.


Thank you for that project, I am astonished its not the biggest topic since the reappearing of Satoshi!

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..I try to get a simple python client running for days now. When I finally managed to connect via websockets, the first thing I read was "deprecated, use socket.io instead".

Instead of using socket.io (which I cant get to work) I could as well just connect to the underlying websocket just as before, not? I will not have fallback to longpoll etc in case the websocket dies and the socket.io still works. But besides that, my ticker should happily work with just websockets for the future, not?

Is there a new websocket daemon running now, for socket.io, with a different adress?

TL;DR:
Will ws://websocket.mtgox.com/mtgox continue to work?

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..falls es mich erkältungstechnisch nicht dahinrafft, sehe ich euch heute abend beim Stammtisch!

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technically, this works, of course.
But that cant be all of it.. Trusting a single company/project/website, its availability, accessability, honesty and all. Went wrong too often already. Yes, I use Instawallet too. But the future *must* be p2p-exchange, OTC-exchange, mixing cascades, and, consequently, direct import/export of single keys to transfer bitcoins "offline".
Else, we could keep using bankaccounts, papermoney and paypal, not? :-P

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It seems like instawallet is mixing bitcoins up well too. How well I dont know, and noone knows if there are logs kept (which will be a general problem for any such service).

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I like the idea of .btc files.
As said already, you can encrypt the privkey inside that file as well as add comments, checksums, returnadress or the like.

Files mailed have a better chance to remail intact too. Its too easy to have long strings corrupted in mails, like by different character-encoding or linebreak or auto-smiley-replacement or incomplete marking prior to copy and paste.

Also, a .btc file "feels" more like something substantial, has more "weight" to it, in a haptic way. I think. At least I feel a lot more comfortable having my mom handling .btc files instead of "random" strings..

Now to combine the advantages of both ideas:
Make the .btc file plaintext! Have readable, optional fields in it: "key", "comment", "checksum", "backup" etc. the only absolutely necessary field would be "key". You can open the file in a texteditor and text the key over mobilephone, or print out the whole .btc file or whatnot.

And, as always, all this depends on integration. Alternate clients, official client, exchanges, emailclients. The proposal goes in a similar direction like offlie transactions, which didnt make it into the official client yet. Encryption made it into the official client already, though.

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SJ,

exactly the same here. I confused "sell" and "buy" too, ending up with trading into the wrong direction. Scrolling and refreshing to see my orders is no fun neither, but not such a big disturbance as the too-similar-looking buy and sell tabs.

Please put them both side-by-side!

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Wait.. How exactly did we get from "lets promote bitcoin to merchants" to "is bitcoin good, bad, to-be-banned"?
But then not many people here seem to like my initial idea to begin with..

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..thats why I don't find it important (now) to have a nicer client, POS systems or physical bitcoins. The killer app in this moment is the (relative) ease and fee-saving of bitcoin. Once you often have the choice to use bitcoin instead of PP the rest will quickly follow.

Thanks for the hint about weusecoins.com! Any other suggestions? bit-pay.com would be an other idea, I would prefer a non-profit infopage though. I dont think we have more than 30 sec for the average vendor to skim through the link we provide?

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Did someone pay attention when it happened? Should have been around 11:54:13.
Did the wall vanish, then a huge selloff?
Or did the wall actually got bought away?
The wall was 35k heavy. Volume at that time was around 46k. So it seems obvious someone else walked right through the wall?

Damn, now I'm curious what will happen!

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What Bitcoin needs for broad adoption is more services and merchants accepting them. It got a lot better in the last weeks, but we still dont have (enough) large players on board.

I started ordering christmas presents some days ago, paying most of them with awful paypal.. So I add a note to every order to promote bitcoins!
Something like:

"I would love to pay via Bitcoins, to leave out Paypal(-fees). This would serve as a competitive advantage too. Read more at http://bitcoin.org/about.html"

English is not my primary language. There may be a better "intro"-page too. I am sure you guys have helpful ideas?

So, if many shops get many hints about bitcoins. showing them demand, as well as showing a way to get a headstart before competitors, as well as reducing fees - it should convince at least a few of them?

Furthermore, I will write some e-mails to some of the larger chinese sellers. Like DX and similar. They have a big interest in getting more international customers and reaching customers which cant have paypal to begin with. Also, they probably work with a small margin because of competition.

Tl:Dr:
Write a note about bitcoin when you order stuff online!

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Ich komme um 19:00!
Mal sehen für wie lange, morgen wieder früh Arbeit..

Bis später!

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Put me on the list.

Initially, I would just be put on the list? It seems like everyone now sets a limit. In this case I pledge 10฿ for now (=minimum).

Vanity-adress:
Nice idea, I like those! I would like to have that adress generated by one of the two people managing the wallet/key/adress.

I did not read all 9 pages, and probably will not follow closely. Will you send PMs once we have a candidate willing to accept bitcoins?

Thank you for organizing this and investing a lot of time in it. I am sure it will both help promote bitcoin and do some good charity-work too.

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These few changes don't warrant the stirup (tried to) made. But then, I am somewhat glad it didn't change too drastically, worsening even more on the way.. I stick to "classic" too.

I refuse to identify myself on MtGox to be able to use SEPA transfers. MtGox didn't even give a plausible reason for this. Bitcoin is a payment option with anonymity in mind, after all. With Europe being one of the larger markets, this may prove as a step to strengthen competition. I surely hope so.

I will now switch to http://bitcoin-otc.com/, this kind of exchange is more of a future for Bitcoin than centralized data mining.

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..who feels more like on a hangover than at a party, in MtGox terms..