Whut? LOL This was the actual data as returned by MtGox. |
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No.
Alice bids 1btc at $10
Bob bids 0.5BTC at $100
at this moment still nothing happens, $100 is the highest bid.
Charlie Asks 1btc at $5
now the highest bid is filled (charlie sells 0.5 at $100 to bob), then fills the 0.5 at $10
Out-of-order:
Anything can happen: for example charlie fills the 1฿ @ $10 (although the bob 0.5฿ @$100 bid would have been there already because it came in before charlie's ask) and then the $100 bid of bob still remains.
That clarifies things. Thanks. |
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Read again. If what it's written it's true, then their trading engine is exploitable - an exploitable trading engine is NOT acceptable, it's a SCAM
It depends on what you mean by exploitable. Alice bids 1btc at $10 Bob bids 0.5BTC at $100 Charlie Asks 1btc at $5 In order execution, Alice gets fulfilled, Charlie gets $10 (is that right or does Alice get for $5 or what?) Out of order, Charlie gets 0.5*100 + 0.5*10 (or does he still get just $5). I don't really know enough about the matching algorithm to comment further but maybe someone can run with this scenario then explain the exploitation aspect. I always appreciate being educated. |
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This explains some odd behavior but it's not a big deal. This is a monstrous fuckup of enormous proportions, if this is true then their trading engine is broken beyond repair and should be taken down and replaced by something else immediately! Right, out of order execution is not acceptable. I dunno. It just depends on the matching algorithm. It may not be industry best practices but I don't see that it necessarily shouldn't be acceptable in and of itself. |
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Now that we are discussing about anything. Does anyone have an opinion on having a BTC donation address in your signature? Have any of you ever gotten anything from having one? A cool story perhaps on how you randomly received a ton of BTC. Kinda looks like begging in the digital age doesn't it  . (And I'm taking part of it  ). I have received tips but they have typically been for stuff like ChartBuddy (hint hint  ) or an Android app I shared. |
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I have just seen an ad of WU: "Send money around the globe for 0 cost" In small letters: "WU makes profit via conversion fees".  That's like a taxi service advertising that it will take you anywhere for free (you just have to pay to get in and out). I'm surprised an ad like that was allowed. |
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Now that's something!!! All bitcoin needs to rise even more now is some deposit haircuts around the world, like the one in Cyprus!!!! Too big to fail? Kiss my ...  When I said before that I expected something to happen by mid November (or a bit later) to drive the price up, the senate hearings weren't it. Still room for something crazy to happen and now it will just be insane. |
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OK, now someone's just playing! Do a rabbit next. |
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Fortuna, of course Eris. Discordianism gives a unique insight into Bitcoin and you'd be surprised how much the law of fives helps with TA. |
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In practice, "Euro" can mean credit and debit cards, even to the exclusion of cash altogether. Also many services do not accept 100 or larger notes, also many places accept more than 50 coins since they probably don't know that they could reject it. Or don't care.
If you're a business that accepts coins, you probably want as many as you can get (within the realms of sensibility). Nothing worse than running out of float. |
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4 hour chart going DOWN , its bear time.
its been bear time for you since 200 cool it.  |
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as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing. but will their be another bear? I'm counting on it.... How much do you holdi n btc and how much fiat? i am 80% fiat good stuff now place bids and pray to wtv god you believe in. You just have to pick the right goddess <============== |
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I'm sorry but this is complete bullshit.
The first goal of bitcoin should be to be able to handle the same amount of transactions as visa.
And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
I don't know enough about the problem to be able to comment with authority but I do know that with the computational power of the Bitcoin network, there's no reason a solution can't be found. |
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Bitcoin doesn't need to be a currency to be successful. It will in fact be wildly successful even if only functioning as a store of value, the tax havens amounts to trillions. The first phase is speculation and this is where we are now... people believe in bitcoins future potential and that is what drives the price up and the large market cap will make it viable for large fortunes to be stored in bitcoin, eventually it will stabilize at much higher prices. At that point it will work well as a way to settle debt even if we're not able to do as many transactions as other networks I don't think it matters. Micro-transactions can happen off-chain, big money stored safely away from government and bankers.
How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount... I suppose comparing to gold or oil would be the answer. maybe water? A basket of water perhaps? A basket of valuable fluids? Oil, water, bull's semen? |
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So much for the maturing infrastructure, all exchanges are plagued by glitches not worthy of a multi billion currency .
See, when I read that, I hear the word "opportunity". Not one I will choose to take but somebody will before too long. |
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I miss the double digit days....
Double digit swings, I mean.
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Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins
This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero. If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit. Fees can be trivial. Perhaps what is needed is for receivers to be able to specify a fraction of the transaction as a fee. I can think of a few different ways that could be done. That would take the onus away from the sender who may be a tightwad (like me ) |
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This last bubble may have been a good thing. Might encourage the greenhorns to be a bit cautious bringing their fiat on-board. Bubbles will tend to catch the unwary and the overly greedy.
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The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  Default fee was zero last time I tried to send from Bitcoin-qt. Took a while for that one to go through. Could be a bit more friendlier on the UI. |
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I believe BTC should be in the $150 range. There is nothing to support any higher of a price.
What makes you say that? Because at this point there are a lot of exciting projects in the works for BTC. Key word in the works. One ATM and a letter from Bernake saying BTC is legit and we can't really regulate it doesn't make it worth $600. I am willing to place a value on the speculation of what could happen but until it does it's not. Look at it this way; If I asked you to invest in my company that had some great projects in the works that will make us billions would you give me a billion dollar valuation right away or would you want to come in at a more sensible valuation because we are so early on? You're not going to make an investment based on what it could be, you will invest on what it is. How about if that company had developed a universal cure for cancer with apparently no side effects and just had to go through FDA approval and marketing? |
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