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Hi guys
I've seen a number of new exchanges claiming never to store your bitcoins on their servers for security purposes - while that sounds great, how is it possible? Surely the exchange would have no idea how many bitcoins you actually had at any one time?
Cheers, Paul.
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Hi guys,
Would an exchange which deals solely in crypto-currencies be exempt from financial regulation / licencing issues as things stand right now?
Are they any in existence right now and do they get much business?
Cheers, Paul.
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Hi guys,
I want you to shoot this idea down / point out the horrible flaws:
Frictionless default log-in for bitcoin sites which need high levels of security to protect user assets.
We already have Google Authenticator and Yubi-key which you can add to sites like MtGox to increase the security of a log-in, but by default we are still left with a plain old single password system which can be exploited by malware key-loggers.
What I propose is that after the standard password log-in, a secure site should email the user with a link or log-in code which expires in N minutes time and that gives the user more secure access to the site.
It's frictionless because nearly all sites already hold the user's email address (acquired during sign up), so no special hardware or SMS to mobile phone is required. It's more secure than a straight password system because a key-logger attacker would have needed to extract passwords to both the site in question AND your email account in order to compromise it.
I further propose that the user should then be able opt out of this method and into the more secure Google Authenticator if they so chose. So this is not a replacement by any means, but it should be a decent upgrade to default single passwords.
What do you think?
Cheers, Paul.
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Hi guys,
So, MtGox's fee schedule means they make more money per transaction the higher the price of bitcoin.
Doesn't this mean there is a glaring conflict of interests? The biggest and longest running bitcoin exchange *wants* the price to increase and have complete control over the market. Hmmm.
Thoughts?
Cheers, Paul.
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Hi guys,
I'm trying to work out if its possible to calculate a meaningful, single ROI percentage when you've been trading fiat currency for BTCs - the problem comes when you have both BTCs and fiat left over at the point you want to calculate ROI.
Is it possible to get a single meaningful number out, rather than 2 percentages?
Cheers, Paul.
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HI guys, Just wanted to confirm: are the trade fees on MtGox on both buying AND selling? Their website is less than informative.  Cheers, Paul. |
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Hi guys,
Anyone who's used the MtGox API v0 - info.php returns an array of Balances, but do the numbers contained within represent the totals, or the available total for trading?
Where:
Available total = Total - value of placed buy/sell orders
Total = plain total
Cheers, Paul.
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Hi guys, So, if I place a limit sell order on one of the exchanges, is it possible that I get a higher price than what I asked for? I'm thinking the answer is no, because if I were buying instead of selling, the exchange tries to find me the cheapest price, doesn't it? So visa versa I shouldn't be able to get more than my ask. Yet, this definition suggests otherwise: http://www.sec.gov/answers/limit.htmWhat's the truth of it? Cheers, Paul. |
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Hi guys,
Traditional finance literature identifies two main types of traders on the markets (stock, or monetary etc):
Informed - who know (or think they know) the true value of a stock and place buy/sell orders accordingly
Uninformed - who place almost random order around their estimate of the true value.
Informed traders are often said to have inside knowledge about a stock.
On the bitcoin exchanges, is it possible to have an 'informed' trader, or are they all classified as uninformed?
Cheers, Paul.
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