I think it may be an attack? when blockchain came back up I had a few 1 satoshi transactions that had been sent to old addresses in my wallet.

They came from the following addresses: https://blockchain.info/address/1Enjoy1C4bYBr3tN4sMKxvvJDqG8NkdR4Z & https://blockchain.info/address/1SochiWwFFySPjQoi2biVftXn8NRPCSQC

'Enjoy' & 'Sochi' = Enjoy Satoshi? Lol

Why would blockchain being down have anything to do with transactions getting confirmed? Unless you mean people had been wanting to send transactions with blockchain wallets and they all done it as soon as it came back up.

Why would they think that mtgox being insolvent means the price on bitstamp goes down? More likely it was a mtgox insider who was able to withdraw cheap bitcoins and selling them for a huge markup on stamp.

Selling 200 MSC at .14 BTC each. PM Smaller amounts ok.

Unfortunate that the fees on that exchange are so high. One thing an exchange needs to be successful is volume, and I can't really see a lot of people using it when they take close to 4% from each trade. (1.9% from buyer and 1.9% from seller!)

It was a trade without escrow. And you clearly agreed and told me the bitcoin were on the way:




Anyway I'm not too bothered, even though it's unfair as I never pull out of a trade when the price goes up it still happens all the time, which is why this system isn't working so well.

I wouldn't even had said anything until you posted that "You've met all your promises" as in this case you clearly didn't.

Not exactly. We agreed on a trade and you took ages messing around and eventually pulled out because the price had dropped.

Also I asked about distributed exchange progress as you may want to factor this into how much time you spend setting up a new system:

I don't suppose there is any chance of an update as to how long till the Distributed exchange may be up and running? I know it's nearly impossible to provide an exact date or anything, but a rough idea would be nice, days, weeks, months?

I don't mean to nag you guys, and I know it's not easy! The reason that I ask is that a new system for the current buying and selling order book is being discussed, and it would be good to have a rough idea of how much longer we may actually be using it before the guys running it spend their time setting up something a bit more advanced! Cheers  

I agree that something like this is the best solution. But this is not really ideal, for example J.R has posted his sell order 1750 MSC @ 0.7, I'm sure the order is still valid after 3 days and I doubt he wants to keep posting it again. Which is why I proposed that all overlapping orders are removed after X days rather than every order.

I am not sure about the proposed fee charged to place an order in the book, I imagine most people will just pay the fee one time and then change the existing order to avoid paying more fee's, for example you could place a sell for 100 MSC at 0.15 and after it is sold move your order to 1 MSC at 0.9 or something that won't be purchased, then next time you wish to place an order change it again.

So if you proceed with this you might as well just charge everyone a 1 time fee to use the order book, still not sure if that's the best idea - it may just discourage people from using the order book at all for standard trades and they will just be posted in this thread instead.

Also I think a lot of the problem at the moment is that once peoples trades have been filled they may not bother to post in here to remove the order, adding fees to place orders wouldn't really fix this - unless there was some kind of system where you pay 0.01 or whatever and are refunded 0.005 when you remove your order, this just creates more work needed to run the order book though so may not be viable.

I suppose one way you could do it is to set up a bitcoin address for the order book, all orders must send 0.01 to this address with a message containing trade info and link to bitcointalk profile or something. Once the order is filled they must send 0.0005 (covers the miners fee) from the same address with a message to remove the order, and then 0.005 will be sent back to the same address and the order removed. I suppose there could also be a option to send 0.00006 from the same address with a message if you wished to change the order.
Anyway that's probably all too complicated but just suggestion to think about   If it was me I don't think I'd bother adding fees to place orders as it seems like it will create a lot more work.

Sorry I didn't see that part. Anyway I think that whatever fee is charged really should be up to him, nothing is stopping others from offering their own escrow service with whatever fee's they find reasonable, and traders can chose to use whoever they wish.

One suggestion I would have is that standard orders that are overlapping are removed after 1 or 2 days, this should tidy up the book a bit.

I thought he said that he was taking responsibility for the MSC entrusted to him. Anyway I think that a percentage fee is fine as this is how normal bitcoin exchanges work, why should the fee for this be any less? It's actually a lot more work than an automated exchange..


The amount of the fee is relevant to the trade. If you want him to escrow a $40000 trade for you then $400 isn't really that much, especially if he is responsible for this $40000, what if he sends the $40000 to the wrong address and it is lost, will you expect him to cover it? The larger the trade the more risk he is taking by accepting the escrow request.

I think a fee definitely needs to involved if this happens, they are already spending a lot of their time on this!

What we really need is an update on how far away the distributed exchange is, as it's not worth the time setting up a more complicated system if we won't be using it for very long.

Great news! I hope you guys are able to sort something out 

80 MSC left. Will sell at 0.14. PM me!

Selling 100 MSC at 0.15. No need to add this to the order book.

Same terms as my post below. PM if you want a quick trade before the price goes up from all the new buyers. Smaller orders okay.

Please remove my sell order, it hash been filled by Wsbltc. Thanks

Can confirm this but I would like to use following bitcoin receiving address: 1NvRnnXT7jEqtkWYtizbtcck3PGSykwmo3

Everything else is correct and MSC will be sent when BTC are received at above address.

Please lower my sell amount from 100 MSC @ 0.13 to 50 MSC @ 0.13.

Thanks to thuker for the quick purchase of 50MSC.