Good question. I'm pretty sure we haven't considered it yet, but we will now. My guess is it's probably something we'd want to do if we could, especially if we had a lot of interested people. 1. I was a trader in a hedge fund for a few years. 2. After I retired I traded as a money manager for some friends. It was a must to be able to manage my clients' sub-accounts from one master account. I couldn't have been able to trade well without some simple tools (that every forex bucket shop provides to its clients now-a-days). 3. There is always a market for making money. Just look at Pirate40 who was able trick people into entrusting him their funds. I think there is a big undiscovered market for money managers in crypto currency market. Money managers' tools would prevent scams like Pirate40. 4. There are brokers in the fiat realm who generate more than 50% of their income through money managers. 5. Just to give you a food for thought (what a money manager is capable of in terms of trading quality), have a look at this post https://bitcointalk.org/index.php?topic=276773.msg2973084#msg2973084 and then click the links. If by availing appropriate money managers' tools you can attract 10 money managers like this guy, you can expect lots of customers. 6. Having your data feed hooked up here: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD and here: http://bitcoinwisdom.com/markets/mtgox/btcusd for the general public is also a must. These have good quality and are free. 7. You might also think about integrating your exchange with a good quality front-end. |
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Disabling javascript is a bit over the top. Despite the similar names, Java and Javascript are very different and unrelated. Javascript had some influence from Java, but otherwise there's not much need to disable JS, and it will limit what you can do (i.e., use Kraken). Java and Javascript do not share any security exploits, but if you're still concerned about JS, you might want to install NoScript or something similar, and then only enable it on certain sites you know you can trust, that way you can still use the websites that need it without enabling it globally.
Thanks. |
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I do not have javascript as well - I removed anything Java-related from my computer when I engaged in bitcoin. I am from a very shitty place. If legal fiction called UK qualifies then my place might as well  "Shitty" places can be bitcoin friendly due to mellow regulations, which is good. "Good" places can be bitcoin unfriendly due to hyper regulations, which is shitty.  I like the way you look at things. Dargo, Would there be some money managers' tools available at Kraken in future? Something like this? http://www.dukascopy.com/swiss/english/forex/management/asset/ |
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Hi Nitrous  Hey Loozik 1. Their volumes are pretty low at the moment, but I'm quite excited for when they get more business! You can see their daily volumes on their website, unfortunately it seems to be 0 now. Last time I checked it was 0.5 though. I don't see graphs and dynamic elements on their website. I do not have Java installed. 2. I'm already tier 3 verified (I'm from the UK). Where are you from? I think most of Europe is covered, but some places, e.g. Germany, still need some more paperwork behind the scenes. I am from a very shitty place. If legal fiction called UK qualifies then my place might as well 3. IIRC, they recently switched because the prices were suffering rounding errors. Thanks. It seems to me a bit like a catch-22 - not much trading, but other people might be reluctant because of the low trade volumes. Kraken is considering becoming a market maker though soon, so hopefully that will rectify this problem. I like their types of orders so I am thinking of becoming their client. I think others will also appreciate the availability of a stop loss or a trailing stop. |
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Kraken, 1. I don't see you here: http://www.bitcoincharts.com/markets/ what are your daily volumes? 2. Can someone living in Europe become your client? 3. Why BTC/LTC when everybody quotes LTC/BTC? |
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Actually, there has been an alternative for a while, namely the Malta-based hedge fund "Exante" (having 80 000 BTC in their storage at the time of the article). Current assets under management in the Bitcoin Fund are $3.2 million (80,000 BTC) and there is no performance-based fee. However, the fund charges an annual management fee o.5% of Net Share Value payable monthly in order to provide the sophisticated security and wallet management that one would expect with such large amounts at stake. Hurry till no performance fee is charged Not sure what you're trying to say. The hedge fund I traded for charged its clients a 25 - 35% performance fee. 0% performance fee at the Bitcoin Fund SEEMS a good deal. |
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Actually, there has been an alternative for a while, namely the Malta-based hedge fund "Exante" (having 80 000 BTC in their storage at the time of the article). Current assets under management in the Bitcoin Fund are $3.2 million (80,000 BTC) and there is no performance-based fee. However, the fund charges an annual management fee o.5% of Net Share Value payable monthly in order to provide the sophisticated security and wallet management that one would expect with such large amounts at stake. Hurry till no performance fee is charged |
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Is there a way to focus on, or blow up, the volume averages? I have no idea what you mean. |
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Which charting site allows me to view volume averages? I'd like a 5 and 10 day.
TV has it. In the middle subchart you have 5 and 10 day vol mas.  |
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The address received 4,740 BTC, paid out 411 BTC, final balance 4,329 BTC.
One of the pay outs was to gmaxwell. He is a programmer I think. Do I understand it well that BTCs deposited in exodus address are used / will be used for programming and development of the system. How much of the remaining 4,329 BTC will be used this way?
Yes this is correct, all funds are towards the hiring/ development of mastercoin features. The process of awards has been quite diplomatic thus far 1. People or even maybe businesses paid / crowdfunded BTC 4,740 = USD 640,000 to get a project going and paid for the creation of its features. This is fantastic. 2. I just knew crowdfunding would work in crypto realm for developing a particular project / features within a project! - and even proposed how this could be done in respect to speeding-up the Bitcoin development: https://bitcointalk.org/index.php?topic=210130.msg2209663#msg2209663 TBF developers didn't like it and decided to continue to be underpaid / non-paid for their general (not defined by objectives) work instead of being paid for particular features. 3. Who's your daddy?  4. Dacoinminster has balls. I already like his sensible approach to pushing things forward. |
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0.01 BTC per smart relevant question.
Maria, You caught our attention with both the wisdom of your posts and the beauty of your avatar. With reference and hopefully with relevance to these I would like to apply for BTC 0.01 by asking more than just one question: 1. How do you size positions (what criteria for position sizing are used in your EA's formula)? 2. How many conditions must be detected by your EA before a SL is triggered? 3. What conditions are being taken into account in your EA for a TP calculation? 4. Is it you on the picture? 5. If yes, do you have a boyfriend or a girlfriend? 6. If yes, do you by any chance happen to be poly-amorous? |
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Thanks. The address received 4,740 BTC, paid out 411 BTC, final balance 4,329 BTC. One of the pay outs was to gmaxwell. He is a programmer I think. Do I understand it well that BTCs deposited in exodus address are used / will be used for programming and development of the system. How much of the remaining 4,329 BTC will be used this way? |
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Mastercoins were made by sending bitcoins to the exodus address between 31 July - 31 Aug. Every bitcoin sent earned the sender 100 Mastercoins + a bonus (10-40% depending on how early you sent them. early bird bonus). All the bitcoins sent made all the mastercoins that are ever going to exist. Roughly 600k mastercoins were "made" and that will be the total number for ever and ever. (+10% for the foundation but maybe that has already been factored in?).
So there is no mining. Right now the only way to buy mastercoins is from another person who has them (there isn't yet an exchange). Im not sure but my guess is that the current valuation is a rough estimate that the price of mastercoin has doubled (50 coins for 1 btc)
Thanks. So there were about 5 - 6k BTC sent to a BTC address (controlled by someone) these BTCs were transferred (split and renamed) and became Mastercoins - so far I get it, I hope. Does someone have this address so that I can have a look at its historical operations and final balance? |
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It is possible to understand the potential of this project without understanding the technology, but you DO have to have a pretty good grasp of how markets work to understand the explosive potential of MasterCoin. My gut feeling is that the potential is huge. You also need to be able to understand the limitations of bitcoin as it is today. I made several attempts to read the Bitcoin protocol and most important articles on Btcoinwiki but failed rather miserably in understand it (due to being a non-techie), so limitations of Bitcoin remain a mystery for me. And I don't care - it is just an instrument I trade. Somebody with a background in trading stocks and other assets will immediately grasp how groundbreaking it is to have distributed, unregulated exchange between assets, and the ability to pseudo-anonymously (as anonymous as bitcoin can get) place bets on real-world assets. I have the background - no problem here. I have some questions: - in fiat world you have (i) exchanges that do some job and (ii) brokers that do some jobs; will this decentralized exchange perform the job of both an exchange (e.g. matching orders) and a broker (e.g. managing sub-accounts through Percent Allocation Management Module)?; do you have a specification of this decentralised exchange? - will event-based data feed be stamped in seconds or nanoseconds or microseconds? - how will the data feed be distributed to end-users? - what types of orders will be supported? At the moment you can't put a stone age stop loss or a trailing stop at any of the exchanges, MtGox inclusive, which is a joke. - will open interest on derivatives be reported daily (as is the case in all American exchanges) or will it be reported in ticks (as is the case with some European exchanges)? - many more questions that a short video would easily explain ... There is an UNBELIEVABLE amount of money waiting for something like this, and only ~600k MasterCoins [...]
Our ~600k MasterCoins are worth about 12000 BTC at current prices (about $1.5M). MasterCoins don't have a huge market cap right now because there are also a lot of risks. How many of the 600k Mastercoins have already been mined? Are they mined the way BTC is mined or they created in some other way? Where can one buy these Mastercoins? How was the valuation: 600k Mastercoins = 12k BTC arrived at? |
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[...] we ARE committed to spending more project money to spur development forward at the maximum possible pace.
I expect that once the coding contest is finished on 10/15, we will immediately launch another contest.
The next one will probably have a bigger prize [...]
1. You are putting TBF developers to shame. Last time they released a client with new features was in May (4 months ago) https://bitcointalk.org/index.php?topic=219504.msg2311420#msg2311420 And the most appreciated feature in that release was the new icon and splash screen for Bitcoin-Qt  What a joke Bitcoin development has become! 2. I get the impression you guys at Mastercoin project are focusing on important features and functionalities that not only make a difference but also are much needed by the users of your system. 3. Keep on! |
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Burnside, can you tell us if you are in legal trouble? Or is it just possible legal trouble?
Things are pretty ugly for me right now. I don't think I can comment beyond that. Contact Marc Stevens http://marcstevens.net/He helped me and many other people in cases involving bureaucratic attacks. |
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Dacoinmaster,
Would it be possible to create a short video (and post it on YT) that would explain in simple English what your project is about? My gut feeling is telling me it is something big, but I can't conceptualize it. Pictures would be welcome explaining how e.g. this decentralized exchange would work. Seeing a picture will help understand your project more than words. Pictures stay in brain for a longer time.
The reason I ask for this that I am neither a good speaker of English (which is a minor problem), but I am also a non-techie (which is a bigger problem).
Let me give you an example of a non-techie level: when you speak that Mastercoin protocol is a higher level protocol built upon Bitcoin protocol and you give the example of http built upon tcp/ip, then I neither have a clue of tcp/ip is nor have knowledge what http is (except for I use http everyday - but I have no clue what it is - it is too abstract).
Thanks
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I think the safest jurisdiction for an undertaking like a cryptostock exchange would be Russia.
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Just read the news  I was about to open an account at BTC-TC. Sad story. Fucking bureaucrats - I assume the winding down is because of criminals doing business as governments? |
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The video is working for me at that link. Is anybody else seeing errors at that URL? Working now  Sorry for troubling you. No charts yet. That will undoubtedly come with implementations of the distributed exchange 1. Please consider integrating the exchange with these charting & trading front-ends: Multicharts, Ninjatrader and maybe Metatrader. 2. These two free charting services have reasonable chart quality for an average trader - you should hook your data to them: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD# http://bitcoinwisdom.com/markets/mtgox/btcusd3. Please consider selling / distributing the data feed to data distribution companies, e.g.: http://www.iqfeed.net/4. Please consider availing the trading gateway (placing orders) through broker aggregating companies, e.g.: https://www.tradingtechnologies.com/ |
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