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Author Topic: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE  (Read 117633 times)
MPOE-PR
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December 12, 2012, 08:29:29 AM
 #401

Looking at the "Step 1 - Identification documents" page...

So, how do we know this isn't a scam to collect images of people's drivers' licenses/passports for purposes of making fake IDs...  Just playing Devil's Advocate here...   Smiley

(P.S.  It's "asymmetric," not "ass-ymmetric".)

Cause they're French. They don't have the technology.

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December 12, 2012, 11:38:26 AM
 #402

Looking at the "Step 1 - Identification documents" page...

So, how do we know this isn't a scam to collect images of people's drivers' licenses/passports for purposes of making fake IDs...  Just playing Devil's Advocate here...   Smiley

(P.S.  It's "asymmetric," not "ass-ymmetric".)

Cause they're French. They don't have the technology.

Grass in, shit out. All you really need, biological calculation.

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December 12, 2012, 12:46:24 PM
 #403

Cause they're French. They don't have the technology.
Given what http://polimedia.us/bitcoin/mpex.php looks like and the lack of innovation there, I wouldn't bring up this subject if I were you. Plus "having" technology when most of the available tech is now open source doesn't mean much.

I'm French and given that for years you have used some of my code (no I won't tell) without even knowing it I can patronize you, suck it up Grin

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Trade BTC for €/$ at bitcoin.de (referral), it's cheaper and faster (acts as escrow and lets the buyers do bank transfers).
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December 12, 2012, 02:12:01 PM
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I'm French and given that for years you have used some of my code (no I won't tell) without even knowing it I can patronize you, suck it up Grin

Is it the Napoleonic Code?

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December 12, 2012, 02:13:11 PM
 #405

Given what http://polimedia.us/bitcoin/mpex.php looks like and the lack of innovation there, I wouldn't bring up this subject if I were you. Plus "having" technology when most of the available tech is now open source doesn't mean much.

I'm French and given that for years you have used some of my code (no I won't tell) without even knowing it I can patronize you, suck it up Grin

I was preparing a scathing retort but then I got as far as where you listed your misfortunes and my heart broke.

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December 12, 2012, 02:31:23 PM
 #406

Given what http://polimedia.us/bitcoin/mpex.php looks like and the lack of innovation there, I wouldn't bring up this subject if I were you. Plus "having" technology when most of the available tech is now open source doesn't mean much.

I'm French and given that for years you have used some of my code (no I won't tell) without even knowing it I can patronize you, suck it up Grin

I was preparing a scathing retort but then I got as far as where you listed your misfortunes and my heart broke.
Your what?

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December 12, 2012, 02:39:50 PM
 #407

I don't see what the big deal is, someone was gonna do it eventually, unless you make laws and regulations about no regulations  Wink. Nothing about bitcoin is changing, just more options for people to handle their money.  
I see what the big deal is, but I also agree that eventually someone was gonna do it.

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December 12, 2012, 10:37:47 PM
 #408

Your what?

Ahaha. My Kaaba rock.

But seriously now, I take it all back, there's nothing wrong with French tech. They invented the kiss after all, how bad can it be.

Just don't ever drive a Peugeot.

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December 12, 2012, 10:48:03 PM
 #409

The French also invented Daft Punk, so I hope this exchange can also trade it harder, better, faster, stronger!

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December 12, 2012, 10:55:15 PM
 #410

...
Just don't ever drive a Peugeot.

... in Romania

/off topic


I admire you determination Davout and will surely follow the example.

Hope we can make a similar announcement from Spain in a couple of weeks.

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December 17, 2012, 12:09:43 PM
 #411

Hm, did I read somewhere I would get my own IBAN in my Name after verifying my account?

My account is verified, but when clicking "deposit", it still gives me the "general" account info of paymium to transfer my EUR to.

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December 17, 2012, 12:54:03 PM
 #412

Hm, did I read somewhere I would get my own IBAN in my Name after verifying my account?

My account is verified, but when clicking "deposit", it still gives me the "general" account info of paymium to transfer my EUR to.
That's not available yet, it's a project that is in the pipeline on the bank's side, we have no precise ETA, but we know it should be rolled-out in a couple-of-months-ish.

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December 17, 2012, 02:03:20 PM
 #413

I will register as soon as you get the debit card Smiley
Actually, a real Bitcoin debit card (not the prepaid credit card that BitInstant calls a debit card...) would be awesome.

That is, balance is always in Bitcoins; deposit cash at an ATM to "buy" bitcoins automatically, or withdraw/spend it to "sell".

Davout, the site mentions a lack of fees to deposit MtGox codes, but I don't see any way to actually do it?
We're going towards a dual debit card, with EUR and BTC balances spendable.

Depositing MtGox codes is on our roadmap, (it's also technically developed) but we haven't rolled it out yet. We need to figure out the proper way to accept them without relying too much on MtGox. We would be in deep sh*t if we were holding a massive balance at MtGox and it suddenly went under. We will do it, but we will do it the right way, probably something along the lines of "Paymium takes the risk of a MtGox default by actually buying your code for EUR/USD when you deposit it". You see the problem ?

Possible solution for MtGox default risk:

1. Provide free MtGox code withdrawal

2. Arbitraging between MtGox and Bitcoin-Central. Since you don't need to pay transaction fee for your own part, a small price difference would cover the transaction fee or even profit

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December 18, 2012, 09:51:11 AM
 #414

Is there a thread for suggestions regarding the site? I have some:

  • Order book asks and bids could be on one page, not 2 separate pages. Own orders could be highlighted
  • Favicon could be changed to something that doesn't look like every other bitcoin-related site.
  • The market depth graph could have a text-popup displaying some info.

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December 18, 2012, 10:15:05 AM
 #415

Is there a thread for suggestions regarding the site? I have some:

  • Order book asks and bids could be on one page, not 2 separate pages. Own orders could be highlighted
  • Favicon could be changed to something that doesn't look like every other bitcoin-related site.
  • The market depth graph could have a text-popup displaying some info.
Maybe you can start one in the Service Discussion board with these interesting suggestions !

molecular
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December 18, 2012, 10:27:27 AM
 #416

Is there a thread for suggestions regarding the site? I have some:

  • Order book asks and bids could be on one page, not 2 separate pages. Own orders could be highlighted
  • Favicon could be changed to something that doesn't look like every other bitcoin-related site.
  • The market depth graph could have a text-popup displaying some info.
Maybe you can start one in the Service Discussion board with these interesting suggestions !

ok, did so: bitcoin-central.net - usability suggestions and feature requests

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December 20, 2012, 11:03:44 AM
 #417

I have a question about the order matching algorithm.

  • I had placed an order (volume 10 BTC, price: €10.10). There was no other order in the book at that price at the time.
  • Later I saw over 90 BTC on that price.
  • The order got partly filled (5.78 BTC traded 12/20/2012 07:13)
  • Currently there are about BTC 70 on at €10.10

Now I don't know how much volume was traded at that time and price, but I'm suspecting that you handle matching of orders at the same price differently from how MagicalTux does it? Namely: distribute the volume across all orders at that price (how?) instead of filling the orders in sequence of submission. Of course it's possible that my order indeed got filled first and only 5.78 BTC have been traded @ €10.10 and someone cancelled an order (to get back down to BTC 70).

I don't know which method I find better, but it'd be nice to know how the order matching actually works.

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December 20, 2012, 12:37:13 PM
 #418

I have a question about the order matching algorithm.

  • I had placed an order (volume 10 BTC, price: €10.10). There was no other order in the book at that price at the time.
  • Later I saw over 90 BTC on that price.
  • The order got partly filled (5.78 BTC traded 12/20/2012 07:13)
  • Currently there are about BTC 70 on at €10.10

Now I don't know how much volume was traded at that time and price, but I'm suspecting that you handle matching of orders at the same price differently from how MagicalTux does it? Namely: distribute the volume across all orders at that price (how?) instead of filling the orders in sequence of submission. Of course it's possible that my order indeed got filled first and only 5.78 BTC have been traded @ €10.10 and someone cancelled an order (to get back down to BTC 70).

I don't know which method I find better, but it'd be nice to know how the order matching actually works.
I don't really know about the specifics of your particular order, but we don't distribute the volume accross orders, oldest orders should get filled first.
When we execute an order we get a collection of matching orders ordered by descending price, there is no actual constraint on the time the order was placed, but MySQL will still implicitly order on the primary key column which is an auto-incremented integer. In other words oldest orders should get matched first.

Let me know if you want to have a look at the source Wink

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December 20, 2012, 12:41:16 PM
 #419

so what if I want to *change* an order?
is that possible without deleting the old order?

it should be possible to change an order, lest the new order should get a new, larger ID.
the "new" order should get a new ID *only* if the limit is changed or the size is INCREASED.


you (imvho) carefully consider and then publizise your pricing model.

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December 20, 2012, 12:48:47 PM
 #420

I have a question about the order matching algorithm.

  • I had placed an order (volume 10 BTC, price: €10.10). There was no other order in the book at that price at the time.
  • Later I saw over 90 BTC on that price.
  • The order got partly filled (5.78 BTC traded 12/20/2012 07:13)
  • Currently there are about BTC 70 on at €10.10

Now I don't know how much volume was traded at that time and price, but I'm suspecting that you handle matching of orders at the same price differently from how MagicalTux does it? Namely: distribute the volume across all orders at that price (how?) instead of filling the orders in sequence of submission. Of course it's possible that my order indeed got filled first and only 5.78 BTC have been traded @ €10.10 and someone cancelled an order (to get back down to BTC 70).

I don't know which method I find better, but it'd be nice to know how the order matching actually works.
I don't really know about the specifics of your particular order, but we don't distribute the volume accross orders, oldest orders should get filled first.
When we execute an order we get a collection of matching orders ordered by descending price, there is no actual constraint on the time the order was placed, but MySQL will still implicitly order on the primary key column which is an auto-incremented integer. In other words oldest orders should get matched first.

Let me know if you want to have a look at the source Wink

Personally I don't care much, but I think 2WeiX has a point. You should probably check the sources and publish your findings in the FAQ or somewhere on the site for sake of transparency.

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