dreamspark
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August 15, 2015, 02:33:10 AM |
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I want to see the entire order book only of the exchange I'm trading with! Where did I say that I want to see the order book of all the other hundreds of bitcoin exchanges simultaneously?
Then trade on a platform that allows that. As said not every stock/forex broker allows you to see their order books. Your argument doesn't make sense
No, your argument doesn't make sense. What you're basically saying is - blind people are more difficult to manipulate than people capable of seeing every activity around? Is that really what you're trying to convince me?
If the whole order book is hidden then there is no way at all to manipulate anybody just by using the order books. If you are able to see the entire books then there is the ability to manipulate people using the order books with fake orders that the owners have no intentions of being filled. Is this incorrect?
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Cconvert2G36
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August 15, 2015, 02:43:02 AM |
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I want to see the entire order book only of the exchange I'm trading with! Where did I say that I want to see the order book of all the other hundreds of bitcoin exchanges simultaneously?
Then trade on a platform that allows that. As said not every stock/forex broker allows you to see their order books. Your argument doesn't make sense
No, your argument doesn't make sense. What you're basically saying is - blind people are more difficult to manipulate than people capable of seeing every activity around? Is that really what you're trying to convince me?
If the whole order book is hidden then there is no way at all to manipulate anybody just by using the order books. If you are able to see the entire books then there is the ability to manipulate people using the order books with fake orders that the owners have no intentions of being filled. Is this incorrect?
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ChartBuddy
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August 15, 2015, 03:02:54 AM |
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Wary
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August 15, 2015, 03:06:54 AM |
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Of course, some good, well structured, loose-coupled bitcoin core software will be created. Eventually. But these guys are creating their product not eventually, but today. And today they have a choice - to create it on top of well written ether or on top of badly written bitcoin-core.
I get your point now. But I don't get their decision. Seems like putting the cart before the horse. Shall I build my great new business upon: 1) the world's most hardened and secure crypto currency, with the proviso that I'll need to rewrite some of the lower-level code; or 2) some apparently well-written software without any real-world testing, implementing new and novel untested technology, dependent upon new untested economic concepts? Oh well, it's not my VC dollar... IMO the problem is that it's nobody's VC dollars. Their total budget AFAIK is around 50K$ and given these limited resources and the unfortunate fact that building on bitcoin base takes order(s) of magnitude more resources, their real choice is: 1. Create nothing. 2. Create something. They have chosen "something" and I can't blame them for it. Probably what bitcoin needs most now is somebody investing 10M$ into refactoring/writing from scratch bitcoin core. Problem is that everybody needs it, but nobody in particular. The tragedy of the commons
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ChartBuddy
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August 15, 2015, 04:03:05 AM |
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ChartBuddy
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August 15, 2015, 05:02:51 AM |
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ChartBuddy
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August 15, 2015, 06:02:52 AM |
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ChartBuddy
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August 15, 2015, 07:02:53 AM |
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White sugar
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August 15, 2015, 07:10:55 AM |
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yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again
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PoolMinor
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XXXVII Fnord is toast without bread
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August 15, 2015, 07:43:13 AM |
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28
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shmadz
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@theshmadz
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August 15, 2015, 07:44:17 AM |
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yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again
You must learn to embrace the sideways. Time is short, enjoy it while you can.
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podyx
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August 15, 2015, 07:45:54 AM |
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yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again
You must learn to embrace the sideways. Time is short, enjoy it while you can. Time is eternal
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becoin
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August 15, 2015, 07:57:31 AM |
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If the whole order book is hidden then there is no way at all to manipulate anybody just by using the order books. If you are able to see the entire books then there is the ability to manipulate people using the order books with fake orders that the owners have no intentions of being filled. Is this incorrect? This is simply an extension of your previous flawed argument. Now sounds like "if a man is dead there is no way at all to manipulate him. If he is able to see the entire world then there is the ability to manipulate him". Doesn't make much sense to me. Every exchange is a market. Imagine a market where every seller puts a tag with the price and the quantity they sell. Looks like a good market to me even if they buy and sell same stuff. Now imagine a market where sellers hide all the tags with prices and quantities they sell and instead there is one general price for information only of the deal just done. When buyers try to buy something at the general price what they get back is fraudulent practices like requoting, slippage, and front running. Why? Because such a market is not transparent and easy to manipulate! The only winning party of such a market are the owners of the market place trying to "optimize" their profit through buying from sellers and selling to buyers on top of the transaction fees they charge buyers and sellers... No, thanks. I shall not give my business to such an exchange!
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ChartBuddy
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August 15, 2015, 08:02:53 AM |
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Brewins
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August 15, 2015, 08:48:24 AM |
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Natalia_AnatolioPAMM
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August 15, 2015, 08:56:48 AM |
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yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again
because it's summer and nothing happens here at this time. Wait till the fall
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ChartBuddy
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August 15, 2015, 09:03:15 AM |
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ChartBuddy
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August 15, 2015, 10:02:54 AM |
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Fakhoury
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Permabull Bitcoin Investor
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August 15, 2015, 10:48:16 AM |
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Don't ask because I was there before and got null answer.
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