Actually no, whilst the new developer section hasn't been put online yet we will be giving businesses all the tools they need to support SolidCoin. We will be dealing with all the "Financial" matters for them and the "Security" matters for them. This way their own code doesn't have to implement the same thing over and over again which is what we are seeing with Bitcoin. And as we know people have differing understandings of the Bitcoin system and also programming in general.
This way we won't get a situation where mybitcoin.com is accepting transactions with 0 confirmations because they are unaware of the security problems. Whilst it won't completely eliminate all issues it will certainly reduce them significantly. The same goes with wallet handling which is pretty much not told how a business should handle and protect it (bitomat).
This sounds reasonable actually … The MyBitcoin disaster was even predicted by theymos because they accepted 1 confirmation (not 0 confirmation) coins. Noone seemed to actually care enough about clearly warning people or the MyBitcoin admin though. The beauty of the free market, where major failures are inevitable because the market can only react.  |
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Best time to buy!
Have you said the same thing at 25, 20, 15 and 10 USD? |
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Because the price is going down.
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The something aweful crowd is full of paid disinfo trolls.
Yeah, and the Bitcoin Forums is full of nutty conspiracy theorists of your kind. |
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I propose the same method of procedure for jews. Got to flag those subhumans; they are a threat to the public.  |
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Fuck you with your community talk, you communist. This is the free market!  |
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I have viewed quite a few fake walls, which really disappered quickly (perhaps got partially filled). So it is definitely happening. At the same time, there are also many real walls.
Net, there is both happening.
Yeah, I remember some from the past. My point is that you can fill them fully without them having a chance to react if you have enough funds. I see a decrease in the effectiveness of such manipulation, imo the order book influences very little anymore, even if extremely unbalanced. We’ve seen a strong downward push when bids outnumbered asks by >2:1, and now the picture has completely changed. A thing to keep in mind is that there can also be manipulation in form a lack of bids/asks, and not only from walls. I’ve experienced that the last few weeks when supply seemed to be dried up, but when someone bought a bunch, the bots just refilled. ---- To come back to topic: MtGox’s loops make it really hard to judge any charts. Does anyone know of a chart that manages to filter this crap, plus its volume? |
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The joys of MtGox in a single day.  |
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Like many people said, we should not look too much into the orderbook. Experienced traders, and particularly those who can use bots, will use this to fool others with this strategy.
I agree with this, but the idea of "fake walls" is completely ridiculous, and I’m quite sick of reading it on these forums. I haven’t seen any that were cancelled when touched for a while. Also, I remember a wall of 10k BTC somewhere around ~8.5$ recently which was completely filled at ONCE. Walls are not fake. Every single order can be filled without any chance for the owner to cancel it if it happens at once, even the very big ones by people who have the means to. It is a real risk to have such an order without intending to actually have it executed. But generally it is true that the order book is way too easy to manipulate by bots, changing the entire shape in seconds. This can be prevented by small, for humans insignificant fees for cancellation or setting of orders. |
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Again, this forum has been under constant attack from trolls and people with clone users. Low count users is very indicative of being a troll or a clone trying to "create opinion" or give the impression that a majority of the opinions go in some directions when it is not the case (although there are some, few, low count users that are valid). Just understand that if a bunch of low count users are all posting in mass in a thread with opinions in the same direction you know what is happening.
Then how about the opposite, with The Madhatter and nanaimogold (both registered in 2009) teaming up against Bruce? I’d also say that the higher the post count, and especially the longer you have been registered in this forum (suggesting higher BTC net worth), the more prone you are to bias and delusion with regard to Bitcoin.  |
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its not goxxed - what a stupid stupid bash !
It is. Noone can execute any trades for hours while it is going on. Same as yesterday. People base their decisions on the false information (volume and price action) MtGox provides. And no, I do not believe those are legitimate bot trades. It’s a looped sequence of someone selling into bot asks (whole bunch of small ones) caused by some MtGox bug. You can have a look at http://bitcoin.clarkmoody.com/order-book/ and see for yourself. Even MagicalTux just confirmed it: [10:34:12] <MagicalTux> seems like the trade engine goes into an infinite loop Stop your stupid fanboyism. I hate your kind. |
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Here we go again.  Fuck you, MtGox, seriously. Fuck you for distorting the volume for the second time in two days. I think this should be considered market manipulation. |
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Why is this thread in Bitcoin discussion? This drama is starting to get annoying.
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Unsustainable.
Sure it is, those are not actual trades, it’s a loop of one trade sequence. |
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Beautiful.  |
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is it a set of tiny bot buy orders, or sell's created and just left like that, so when average joe tries to buy he has to go through the 1000's of tiny orders on the way up,
It’s just a fucked up MtGox. Those trades aren’t actually executed anymore. (see depth on http://bitcoin.clarkmoody.com/order-book/) It is one stupid loop of trades going on over and over again. |
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See last ~20 mins.  |
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Yeah, it’s fucking up my volume in SierraChart. Seriously, first the 6s trades, and then this.
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Is there anything he could do with your account though? You can just claim it back as long as you control your email, so I guess there shouldn’t be any danger from this side.
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Any easy way this works without entrusting you with my account? I’d buy one then, if you deliver first.
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