Bit-pay? Providing prices in bitcoins, but keeping account in USD? There is, however, some fee on bitpay platform.
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As tcatm told me it's rate limiting on his side for 1rq/minute. Besides that annoying error message, it is working fine, only up to 60 second delay.
Mtgox websocket isn't working for me for some reason and nobody can give me any advice, so I'll remake code to use bitcoincharts socket interface, which is only few seconds after markets (because it is using polling to markets internally).
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There is something for how we can realize the real value... see you last line, the market. Right now the real value is 2.2-2.30.
That's what I'm trying to say. Current real value is $2.2-2.30. Obviously there's some temporary balance between future expectation, mining costs, bitcoin utility etc. Anybody saying that current price is (for any reason) 1$ or 0.1$ or 100$ is lying for himself.
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I still say, we need to be getting businesses and people accepting bitcoins ...
I agree, we need more business in bitcoin... ...for them to gain intrinsic value.
...but my point is that there's nothing how we can realize that <something> *is* the real value. What is "correct" bitcoin value now and why? What will be "correct" value when new 100 merchants will accept bitcoins? What will be "correct" value when ebay will accept bitcoins? What will be "correct" value when US government start accepting bitcoins for paying taxes? There's NO way how to realize it! Everything we have is the market and trading of individuals for their best personal interest. Somebody thinks that current "correct" value is 1$, because it is "sounds good" for them. Some other people think that "correct" value is 5$. And the final equilibrium is *now* at 2.20-2.30. There's no need to say bulls are "less inteligent" with twisted theories and call your own opinion as only one correct.
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I cleared my gox.scid file
This wasn't necessary, you probably only lost some history because bitcoincharts, if I remember well, provide only last 30 days.
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The volume of real transactions is very low right now, and we are ALL paying the ~$2.5 per transaction because of that. Cost per transaction IS a really good indication that the current price of Bitcoin is too high.
Disagree. You can compare *relative* numbers of tx/hour (say changes in network activity between June and now), but calculating costs per tx using absolute numbers is just stupid. a) I can generate 1000 txes every hour just for you, with single line in shell. Does it mean that market price is going to equilibrium with transactions on the network? Surely not. b) Bitcoin transactions does not reflect real economy size. Do you know how many coins is changing hands inside markets using user to user transfers? They're instant and usually for free, but they're still bitcoin transactions.
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evoorhees, I appreciate how precisely you can always express my own thoughts. Unfortunately, thanks to my limited language skills, I'm everytime failing with express them by myself :-).
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The fundamentals of bitcoin as a currency currently represent perhaps $0.01 per BTC.
Well, it's *yours* personal interpretation of fundamentals. Mine is different. And that's creating the price. Market is just trying to find equilibrium of all people's mind.
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As someone with Czech heritage, I take offense to your troll sir lol. Hoveno (dont know how its spelled but thats how its proncounced)!
Nice one! Yes, it's "hovno" in czech :-)
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Our manipulator just made poo poo. You should create some forum threads about that
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Hm, why make such service for trading mtgox usd? Why not directly bitcoins?
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Thanks for info. Is following websocket URL correct? ws://socketio.mtgox.com:80/socket.io/1/websocket/1290678412169625062 I did succeed implementing mtgox socket.io client in my trading client. I used the websocket implementation I used before, coded the handshake.
I remember one time where the socket.io would work, websocket would even connect, but no data being delivered. Maybe this problem just reappeared.
It's working as expected for me now.
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I see three orders @ 2.30 hanging on DoM for many minutes (one bid, two asks), without obvious reason. One of them is mine. Is anything wrong with those trades?
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I'd rather lose everything than give coins to people for such a cheap price.
Amen.
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If you like the project, they also accept Bitcoin donations So beautiful project and nobody donated a bitcent? I'm pleased to be the first donator :-)
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OK, if it is known MtGox wallet, then everything is fine. I didn't find any info about it. Edit: although, it doesn't make sense that someone was mining on eligius directly to a MtGox wallet...
Well, it isn't mining directly to this address, but direct transfer from mining address to 500k wallet. So it actually make a lot sense that somebody has been cashing out directly his mining profits.
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Confirming that everything is working now, I just had to stop/start P2P layer (yes, that small icon ). It's really nice, people should really give it a try!
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Hm, looks like I'm having troubles with P2P connections. I had few of them for a moment, then it loaded forums and I created two posts, but then it crashed again and now I don't see any connection. Something bad on my side...
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