Ditto ^^

Point taken, however, they allow people without BTC, to get in on the action 'sort of speak'. Not to mention, nay sayers can put their money where their mouth is, to quote an adage. Bears and Bulls can take them out.

My intention, overall, is to make a more complicated market. So, if Bots, drive the price up, others will win. And win the price falls, there won't be just losers. I love Vertical Bear Spreads, it is on of the safest techniques, in a new and volatile market. It allows me to buy insurance on my gains, while protecting from excessive losses. Not to mention, the added liquidity built in. If the market falls deeply, I already have a Buyer, I don't need to wait for one to show up. The biggest problem to this point is Trust on following through with the contract. But if this type of trade was escrowed, it would be a boon for stability.

 We do need however, more exchanges with data feeds, the more exchanges the harder it is to manipulate the market. Which everyone knows can be done pretty easily at this point at the right times. I rely on those who do it. Their patterns are predictable. Just recently this happened as it went up to $18.

On another matter;


 Tcatm, provides a good service, although not 'Level 2' per se. I will eventually provide a live service, as soon as I can finish the FileMaker code for Trading on MTGOX, keeping track of ROI, APR Gains/Losses, Cost Basis, etc... with trades. My intent is to port this over to FM_GO, to put on the IPhone, Apple can't deny their own product. FileMaker.

Detecting Bot activity is getting easier via various methods, some even use signatures. I name the Bots according to their methods determined over a data sample rate on their trades, and sort of reverse out their algorithms. Don't get me wrong, I like Bots, they are 'predictable'.  Unlike humans, that decide on something and then change their mind and use their 'gut' feelings.

Best Regards,

Let me know when you site is ready bitoption, I like the idea and its eventual deployment.

If I may,

  Good work on your Idea. Might I also offer the suggestion of offering Binary Options aka FRO's on your service. This technically doesn't require someone with BTC to be able to purchase them. In other-words, you will have a larger customer base, with out the need for currency transfers to and from BTC.

And correct me if I am wrong, it sounds like you are going to charge a 20% commission. Way to high.

Hello All,

  I, unfortunately, am going to revert to an older version of a GUI Client to avoid the annoying 0.01 Fee in the GUI version of the client. Now, some might know that I give away BTC on the IRC for challenges. I don't mind doing this, but having to be forced to pay a fee for a quick transaction where I have nothing to gain, is not right.

  Now for the financial argument against it. 0.01 BTC the last I checked is 14¢, hmm... Quite a business isn't it. Dwolla charges .25¢ and after their overhead they are probably only making 12.5¢ That doesn't quite seem fair for BTC users, at least those with GUI Clients.

 My other complaint, is about the removal of the "Generate" option. While it might seem acceptable today, think about the What If's. If the THashes/s fall through the roof in the future, you should not punish GUI Client holders from their chance to make some coin. The action of removing the option seems protective in nature. While I understand the willingness to be protective especially since I also "mine" on and off, it is not being "Fair" to the general client users. Keep it in the Client and put a dialogue box with any information you might want to convey about the use of the option before it is turned ON.

On the last note, it is time to allow the transmission of micro payments in the GUI Client. As proof, 0.01 BTC is 14¢.

Best Regards,

P.S. Don't sign the NDA's Gavin.