We need a Bitcoin betting website where speculators can actually bet on prices and link their bets.
Have you seen http://www.spaculator.com/ ? |
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Dude I have a 20/5 cable connection and I get 2.0+mbps download speeds all the time, this is crawling at 90-200kbps  maybe I will try a download manager thanks I get around 400KB/s on a single connection, and up to 8MB/s when I use 20 - 30 parallel connections. The single connection performance is the same whether I'm on cable at home, or a high-speed university connection (both in California), or even through the mullvad servers in Sweden. In all cases, using multiple connections improves performance. |
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mining proprtinally cuttently i make just a bit over what .000034 per share would
I don't see how that's possible - it should average out to the expected value in the long term. Unless you're pool-hopping the proportional pools... |
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I like the idea, but the math doesn't work at 0.00003400 per share i lose money
How do you lose money? The current expected value per share is 0.000029597456 BTC, so you'd be getting ~15% more BTC at the current difficulty. |
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+1 shakaru
I provided software setup services. Bill was paid immediately, with a generous gratuity!
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I really don't have any objections bots be used at exchanges, as a poster before me said they regulate price, increase liquidity, etc. but this bot or group of bots is somehow different, it stomps on legal transactions very fast, downward every time, try to sell at market price you will see they put few lower orders lower right before yours, repeat your order at lower price, happens again very fast. I also believe they have huge amounts of both dollars and bitcoins, although dumping bitcoins over time.
Having the ability to make only one transaction every minute, as temporary measure, i guess would solve the problem and price would recover.
If someone wants to dump more bitcoins than they buy, there's nothing you can do to stop it. It could either be a bot always undercutting the current asking price, or the owner of the bot could simply dump them all at once (or once a minute). Creating any kind of regulation does nothing to prevent that, it only hurts legitimate traders (and "good" bots). |
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I believe this bot is the primary reason that the value of Bitcoin has maintained a low value and has not gone back up. If something isn't done to stop this bot from functioning, or to significantly impair it's advantage in speed to match that of what a person would be capable of doing (i.e. trades per minute) then it's only a matter of time before it forces BTC into the ground.
Your analysis of the bot's behavior was objective, except for the above statements, which seem to be conclusions without grounding. It isn't possible for one bot to drive the price down, it can only stabilize it (unless it's simply dumping BTC and not buying any). Bots that look for small profits actually create liquidity, stabilize the market, and are a good thing IMO. If you want to compete with a bot on speed, write your own - it isn't too hard. Or hire someone to do it for you. Bots and high frequency trading algorithms play a big role in standard financial markets; I see no reason to ban them or implement delays for them on bitcoin markets. |
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I saw this while driving today, and it reminded me of this thread:  "Launder your bitcoins! Full load for 1.25 only!" (enjoy the free bump) |
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See, thats what I meant. "Hip pocket - brest pocket" operations we call it in dutch. Its a mini bubble or even ponzi. Company A investing in B and company B buying adds in C and C buying shares in A; increasing each others share value and using that "profit" to pay out early investors. Sorry guys, thats not how it works. Unless these listed businesses start earning money from outside their closed system, it cant and wont last.
BTW that problem isnt unique to glbse; its something the entire bitcoin economy seems to suffer from. If it cant reach out to the real world economy out there, its all pointless, or rather, worthless.
The whole world must then be a ponzi scheme, since it's a closed system. We need to start reaching out to the economies of Mars and Venus. |
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Do you have plans to introduce a full trade API?
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What would your prices be for HTTPS downloading ?
I have some potential customers BUT they want HTTPS for the additional privacy. (They would also require HTTPS to the website itself)
To add to this, I wonder if it may also be useful for some customers to have an alternate discreet URL, say "btctz.com", (and possibly hashed/obscured filenames like I mentioned before). This could prevent (or rather, delay) getting caught for downloading torrents by nosy sys-admins.  |
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In the future we may re-create the investment program in a different format. For now, please revoke all API keys related to this program.
Given the volatility of bitcoin prices, I really believe there must be a market for a service that manages bitcoin holdings. Will look forward to any future programs that you might offer. |
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Why not raise more capital through the GLBSE?
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+1, successful transaction. Received gift card within 2-3 hours. The service would be even better if you hooked it up with the Amazon gift card API to send the card immediately after 6 confirmations.
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(somewhat late, but better than never) +1 wknight. Sent me money via paypal for hardware. Communicative and trustworthy! |
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What are your working (trading) hours like? 9-5, Monday to Friday? 24x7? Profitable opportunities could show up at any time in this market.
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I did a new bandwidth test, from a 100 Mbps west coast USA link.
Single connection: 400KB/s (same as before)
30 parallel connections: 8MB/s.
It almost saturates my incoming bandwidth, I'm happy! Does the high number of connections put too much load on your server?
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Signed up for the first cycle.
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2. The mimic part is run through a program created by a prominent developer in the bitcoin community. Basically the software gets an account balance of all the individuals who are participating in the program and lets me know how much bitcoin or USD I'm trading. When I enter a trade, it divides the quantity I am trading out to all the accounts which are participating based on a percentage ownership.
Example - I have 3 customers. Two customers have 10 bitcoin, and one has 100 bitcoin for a total of 120 bitcoin under management. I enter a trade to sell 60 bitcoin. The first two customers with 10 bitcoin each have an 8.33% stake while the large customer has an 83.33% stake. My order is divided proportionately so the two customers each sell 5 bitcoin while the larger customer sells 50 bitcoin. The percent gain or loss I make on this trade will be mimicked across every account.
Another question. If the amount you control across all accounts starts to become fairly large, the gains/losses experienced by each account will start showing differences, since you can't enter and exit the market at exactly the same price on all accounts (buying driving the price up, for example). Accounts where the order is placed first may have the advantage. How do you distribute this gain/loss across customers? |
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