Bitcoin Forum
May 01, 2024, 11:59:25 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Other > Beginners & Help > Will a new cryptocurrency have to be made for high frequency trading?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Will a new cryptocurrency have to be made for high frequency trading?  (Read 910 times)
LurbQBurdock (OP)
Newbie
*
Offline Offline

Activity: 24
Merit: 0



View Profile
March 27, 2013, 06:08:38 AM
 #1
Right now, there is a huge impediment to the finance industry using Bitcoin - high frequency trading is impossible due to the slow transaction speeds (I've had a transfer take 1hr already) and the fact that the blockchain would grow humongous if used that way.

Does increased mining speed up the transaction speeds?  Is it currently feasible to make a cryptocurrency that could handle the volume of transactions required for high frequency trading?
1714607965
Hero Member
*
Offline Offline

Posts: 1714607965

View Profile Personal Message (Offline)

Ignore
1714607965
1714607965
Reply with quote  #2
1714607965
Report to moderator
1714607965
Hero Member
*
Offline Offline

Posts: 1714607965

View Profile Personal Message (Offline)

Ignore
1714607965
1714607965
Reply with quote  #2
1714607965
Report to moderator
"You Asked For Change, We Gave You Coins" -- casascius
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714607965
Hero Member
*
Offline Offline

Posts: 1714607965

View Profile Personal Message (Offline)

Ignore
1714607965
1714607965
Reply with quote  #2
1714607965
Report to moderator
1714607965
Hero Member
*
Offline Offline

Posts: 1714607965

View Profile Personal Message (Offline)

Ignore
1714607965
1714607965
Reply with quote  #2
1714607965
Report to moderator
1714607965
Hero Member
*
Offline Offline

Posts: 1714607965

View Profile Personal Message (Offline)

Ignore
1714607965
1714607965
Reply with quote  #2
1714607965
Report to moderator
odolvlobo
Legendary
*
Offline Offline

Activity: 4298
Merit: 3214



View Profile
March 27, 2013, 06:14:41 AM
 #2
As long as transactions occur on the exchange, they can be internal to the exchange, and not go through the block chain. There wouldn't be a need to speed up transactions.
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
samborambo
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile
March 27, 2013, 08:49:41 AM
 #3
He didn't mention anything about exchanges.

You mean instant confirmation services like https://www.bitinstant.com/ ?

If you're asking whether bitcoin can handle the throughput of a point of sale network, then no. Not right now anyway. The block size can be increased to accommodate this in the future but it's not needed right now.

Sam.
MagicBit15
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


Let's Start a Cryptolution!!


View Profile
March 27, 2013, 09:38:49 AM
 #4
Yeah I am unsure if you mean in the block chain or between people.
Tips for Tips: 1Jy8ZycPNjnwNLevNwoRRqPAKkZ8Fqnukc
I won the poetry contest!! https://bitcointalk.org/index.php?topic=219714.40 Thank You, Sir Lambert!!
+5 Rep: Successful Forum Transactions: https://bitcointalk.org/index.php?topic=176117.0  https://bitcointalk.org/index.php?topic=209024.0 https://bitcointalk.org/index.php?topic=233052 Check My Rep!!
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
*
Offline Offline

Activity: 1316
Merit: 1043

👻


View Profile
March 27, 2013, 10:02:51 AM
 #5
Quote from: samborambo on March 27, 2013, 08:49:41 AM
He didn't mention anything about exchanges.

You mean instant confirmation services like https://www.bitinstant.com/ ?

If you're asking whether bitcoin can handle the throughput of a point of sale network, then no. Not right now anyway. The block size can be increased to accommodate this in the future but it's not needed right now.

Sam.
It won't ever be needed. You're not going to pay for a 0.0007 BTC cup of coffee on the blockchain.
samborambo
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile
March 27, 2013, 10:09:45 AM
 #6
Quote from: TradeFortress on March 27, 2013, 10:02:51 AM
Quote from: samborambo on March 27, 2013, 08:49:41 AM
He didn't mention anything about exchanges.

You mean instant confirmation services like https://www.bitinstant.com/ ?

If you're asking whether bitcoin can handle the throughput of a point of sale network, then no. Not right now anyway. The block size can be increased to accommodate this in the future but it's not needed right now.

Sam.
It won't ever be needed. You're not going to pay for a 0.0007 BTC cup of coffee on the blockchain.
People already pay for a cup of coffee with bitcoin. Why would that change?
poelling92
Legendary
*
Offline Offline

Activity: 994
Merit: 1002


View Profile
March 27, 2013, 10:41:12 AM
 #7
Quote from: TradeFortress on March 27, 2013, 10:02:51 AM
Quote from: samborambo on March 27, 2013, 08:49:41 AM
He didn't mention anything about exchanges.

You mean instant confirmation services like https://www.bitinstant.com/ ?

If you're asking whether bitcoin can handle the throughput of a point of sale network, then no. Not right now anyway. The block size can be increased to accommodate this in the future but it's not needed right now.

Sam.
It won't ever be needed. You're not going to pay for a 0.0007 BTC cup of coffee on the blockchain.

Yup, you will have to use CC for cup of coffee. Bitcoin future is in speculation.
Gator-hex
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
March 27, 2013, 12:00:48 PM
Last edit: March 27, 2013, 12:46:00 PM by Gator-hex
 #8
Quote
Will a new cryptocurrency have to be made for high frequency trading?

High frequency trading is done with derivative contracts, when the contract expires you settle, only then do you deliver the coins.

But if you need a faster transaction coin, for that cup of coffee, Litecoin is Bitcoin with all the problems fixed.  Wink
"MtGox was.. attacked by the government" - Jim Rickards (Author of Currency Wars/Pentagon currency war games.)
odolvlobo
Legendary
*
Offline Offline

Activity: 4298
Merit: 3214



View Profile
March 27, 2013, 05:51:12 PM
 #9
Quote from: samborambo on March 27, 2013, 08:49:41 AM
He didn't mention anything about exchanges.

You mean instant confirmation services like https://www.bitinstant.com/ ?

If you're asking whether bitcoin can handle the throughput of a point of sale network, then no. Not right now anyway. The block size can be increased to accommodate this in the future but it's not needed right now.

Sam.

By "high frequency trading", I assume he means this: http://en.wikipedia.org/wiki/High-frequency_trading
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
Pages: [1]
  Print  
Bitcoin Forum > Other > Beginners & Help > Will a new cryptocurrency have to be made for high frequency trading?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!