http://stackoverflow.com/questions/6959167/libcurl-timeouts-on-urls-which-are-working-in-my-webbrowser/6962850#6962850

But tradehill is fine. I was trying all day to figure out why. I have no clue.

The crash from 30 already happened. I think people are getting bored with bitcoin, maybe they expected the "bitcoin economy" to rise in no time at all. Too little patience. Maybe after some time speculators got scared about the risks.

How is it open-source if it has re-distribution copyright limitations?

You can make money if you maintain a widely used version through things such as paid support and sponsors such as embedding amazon shopping features (As you appear to show) into the program for some commission or fixed deal.

I don't know how you plan to make money though.

Who would want to waste their money distorting prices? High frequency trading algorithms make money buying low and sell high (Or going long low and short high) just like any other trading. Human traders help long term prices buy holding positions in investments which they believe are undervalued for the future. High frequency trading works upon the short term noise.

It says it is the first bank which can't be right if it was opened yesterday. I guess they didn't really do their research.

They take fees from transactions and and then give "most" of it back in interest payments. I don't get that at all. What the heck is the point in that?

But the bank accounts don't need to be anonymous. You can link credit profiles to them and credit histories (Under permission to help get credit).

I don't see why people don't just save normally and leave enough left for retirement.

I use OSX Snow Leopard at the moment. :-)

I have a Macbook but I might get a desktop PC which would help me run things 24/7. If I choose to o that it's either going to be a Mac mini or maybe a Linux PC.

There are a few different platforms for algorithmic trading. Some use their proprietary programming languages and libraries and others use APIs. I don't know much about them but google will help. :-P

I came up with this idea. Shame the idea seems to have been thought about quite a lot.

I have ideas for a bitcoin bank and that was one of them.

Question is, could a bitcoin bank make money as it is now? There is tens of thousands of bitcoin users but how hard would it be to get those people on board. I would have thought you'd need a rather large amount of people before it would be worth it.

If bots make more volatility rather than reduce it, them overall they lose money.

It's mostly used in jewellery and decoration. Only a small amount is used as money, surprise surprise. Apparently anyway. You might want to check that yourself.

I was thinking bitcoin was quite volatile but its completely changed. I hope it does get moving or I'll have to try my algorithm out on something different.

If they don't make money, why would they do it?

Technology gets cheeper all the time but do we hold off purchases until we die? No. Ultimately money is a means to an end and the level of savings will relate to our time preferences. Time preference for food will be high, you don't want to wait until you are close to starvation. You may put off buying a TV to get a bigger and better one later but it depends how much you want that TV now.

Tobin tax website? I guessing you are for this monstrosity?


I don't think he knows very much about markets then. As people make money from price changes, prices are smoothed out and reflect longer term pictures (HFT is short term however, longer term is for usual human investment).

Hurrah! Someone knows what they are talking about.

Taking money from an account with zero and giving it to another account, thereby creating new electronic money from an account with nothing (Now is negative). Or rather taking from an account more than is there so it is negative.

Well, while this would be illegal (Unless it is allowed by law to a great surprise) I wouldn't be surprised if banks did do this since it's just electronic money. Clever bankers could find loopholes in the system to generate new money without anyone finding out. New money which could go into bank profits.

Or would they risk counterfeiting money? If they got found out, wouldn't it be really bad? Especially in the eyes of the public.

But the system od electronic fiat money is so screwed up, that I'm sure at least someone has abused or is at least trying or tried to abuse the system.

You could transfer bank balances across the bank but not from one bank to another without having money behind it and especially not withdraw it.

If you tried to transfer more than the bank had, you couldn't unless banks really are creating new money.