really nice website and you guys make really good work with security
Thanks  12 hours left to go on the tournament! |
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or just editable fields in the current order thats active, would make more sense to me.. no need to fully replace with a new order .. then again. i dont know how you guys. did your developments so.. i'm guessing it's not that easy as it looks to make some fields editable in active order. good luck  It could be done but you'd lose priority.. it'd be the same as creating a new order, maybe just a little more convenient. |
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Yup. That's part of the game.
Ok but are the signups now disabled for good? I would highly suggest you make the market data from gox because this isnt a competition of who can trade the best but who can manipulate this puny market the best. No, signups are not disabled. You can create as many accounts as you want. Not sure how being a good trader and market manipulator are mutually exclusive. Even within a mature market, you'd want to do both to the extent possible. |
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disabling mtgox data was extremely stupid
Because? do i really need to explain this ? because the low of price went to 30 that means your contest is pointless if one make dozens of account push the price down and go long at 30 then maker a push up to 150 Yea this guy has a point. With a little work someone could manipulate this market so easily because it's so few people in it and in the process take all three prizes. could ? is already done  Yup. That's part of the game. |
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disabling mtgox data was extremely stupid
Because? |
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Great work. You're a credit to the community. It gives me confidence in the future of Bitcoin that there are finally exchanges that are going to do everything by the book and to be frank people don't realise how desperately we need this. A lot of exchanges spin similar lines but when you get down to the nitty gritty of it all, they don't have the licenses.
We've got no shortage of unlicensed exchanges, right? What we really need to take bitcoin to the next level is an exchange that people can trust to act predictably and in accordance with the law when it comes to handling their money. We've spent so much on building the best exchange technically that it'd be a mistake to risk it all over some solvable compliance issues. It's difficult and it's expensive and it takes time but the market is there and somebody's gotta do it. >btcx
sounds interesting
by when do you think you will start?
As soon as we can. I think we'll be able to launch in at least some jurisdictions within 1 month. |
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what does the error "Rate limit exceeded" imply when trying to execute an order?
EDIT: Same error with only 10BTC and no leverage
EDIT2: Same error with a simple buy/sell It means that you're doing too much too fast and you'll have to wait a bit and move slower. I'll check on what the limits are set at now and make sure they're not too low for the tournament. What's the starter funds?
Surely this is just a contest to see who can make the most sock pupppets (multiple accounts).
Trading +100% in a week is orders of magnitude more difficult making a new account.
Tip: Bitcoin was designed to make sock puppets ineffective
Starter funds will be announced at the time the tournament starts. Only the top 3 accounts will receive prizes so it's better to have 1 account with a $1000 profit than 1000 accounts with a $1 profit. I'll clarify that in the announcement. Obviously, there are still some strategies that'd allow you to benefit from multiple accounts but you'll have work them manually with the trade api disabled. So we can't use automated methods to trade during the week?
Sure, if you can find a way to automate your trading without the trade api. |
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In light of Fincen's recent guidance ( http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html) kraken.com would clearly fall under the definition of a money service business and more specifically an exchanger. Therefore I ask: 1. Is kraken.com registered as a money service business? 2. Does the company have the necessary money transmission licenses for the 48 states of the U.S which require them? The guidance indicates operating an exchange to those 48 states whilst not meeting 1 and 2 is in violation of US law (even if the exchange is not physically located in the US, but merely serves US customers). You're right! Like MtGox, BitStamp, Coinbase, etc., once launched we'd qualify as a money transmitter in most US states which means we'd require licenses (or an exemption) in each US state in which we have a customer. Most people believe that it's enough to be registered federally, or to locate your business outside the US but, as you've pointed out, if you serve US customers, wherever your business is domiciled, you need to be licensed in the state(s) in which those customers reside. We'll reveal our US coverage at the time of launch. Obviously, it'd be irresponsible to put customer funds at risk of seizure by operating illegally and that is not something we intend to do. Cool. To clarify, would you have the necessary money transmission licenses before you start serving US customers or are you going to risk it and just start serving US customers with only a money service business registration and no licenses? I'm sure your company has intentions to get the licenses at some stage, the important thing is whether you start accepting US deposits before you get them. It would be illegal, punishable criminally and greatly reduce our chances of being granted licenses later if we were to begin operating without the necessary US state money transmitter licenses. I think it's great that some businesses are willing to put their necks on the line to serve Bitcoin adoption but it's not a risk we're willing to take for ourselves nor your money. We will not serve those customers we cannot legally serve. For illegal exchanges, you have the three options mentioned above, and many more. |
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Free Entry Trial Mode TournamentRegister at: https://beta.kraken.comBegin: Monday, June 17th 12:00am Pacific (-7:00 GMT) End: Sunday, June 23rd 11:59pm Pacific On the night of Sunday, June 17th we'll:- wipe the beta ledger, order book, balances
- credit all accounts with identical balances
- disable the trade API
Rules & Regs:- We ask that you refrain from employing the DDoS strategy.
- You're allowed to create and trade on as many accounts as you want. New accounts created during the tournament will be credited with the same starter funds.
- You must close out all open positions by the end of the tournament. Those with remaining open positions will be disqualified.
- Winners determined according to the highest combined USD converted balances.
Prizes:- 1st Place - 5 BTC
- 2nd Place - 3 BTC
- 3rd Place - 2 BTC
Note: Bug Bounty still ongoing here: https://bitcointalk.org/index.php?topic=166828.0If you're not already participating in the beta, feel free to use the weekend to get accustomed to the site. The beta is still in trial mode and new accounts are automatically funded with play money for you to test with. Please post questions here. Good luck!
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In light of Fincen's recent guidance ( http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html) kraken.com would clearly fall under the definition of a money service business and more specifically an exchanger. Therefore I ask: 1. Is kraken.com registered as a money service business? 2. Does the company have the necessary money transmission licenses for the 48 states of the U.S which require them? The guidance indicates operating an exchange to those 48 states whilst not meeting 1 and 2 is in violation of US law (even if the exchange is not physically located in the US, but merely serves US customers). You're right! Like MtGox, BitStamp, Coinbase, etc., once launched we'd qualify as a money transmitter in most US states which means we'd require licenses (or an exemption) in each US state in which we have a customer. Most people believe that it's enough to be registered federally, or to locate your business outside the US but, as you've pointed out, if you serve US customers, wherever your business is domiciled, you need to be licensed in the state(s) in which those customers reside. We'll reveal our US coverage at the time of launch. Obviously, it'd be irresponsible to put customer funds at risk of seizure by operating illegally and that is not something we intend to do. |
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Nice to see that you are back, hope that your site development is running well. By the way, I have not received your response for a very long time, could you please reply back to me? Thanks.
I'm sorry.. maybe I missed the message. Please just send me a PM. |
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1) Where are your offices located (physical street address)
2) Where are your servers located (city/country at a minimum).
For security reasons, I can't give you that information but we're at all the Bitcoin meetups in San Francisco if you ever want to chat. |
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really nice... good to know there's someone planning/creating something big in BTC near my area.. if you guys are looking for janitor.. let me know... ill be the cleaning man... wanted to get paid in BTC...  Haha will do. Thanks for the offer |
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