r0ach
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May 26, 2016, 03:27:45 PM Last edit: May 26, 2016, 04:42:29 PM by r0ach |
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Are they going to stop the jews from issuing debt based digital fiat to establish a system of neo-feudalism through usury?
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altsheets
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Free trial of #AltFolio = save time, react faster
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May 26, 2016, 03:32:14 PM |
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Newbium WOB previewProudly presenting a new tool, which -e.g. for Bitcoin- is aggregating all available orderbook data from 52 markets in 13 currencies on 27 exchanges. (click for larger)We call the approach WOB = "world order book". Already working & useful, within our Newbium beta (preview). WOB Explanations: pt1 and pt2--> Medium Blog, and Whitepaper (8 levels are planned) --> chat (soon) --> fully functional Preview beta: WOB within MVP (minimum viable product) for "view live data + trade" --> Crowdsale (ends May 31st), with Affiliate Program - please use this link, thx. Really interested to hear your opinion! Perhaps PM me geeky questions, and we later publish a summary. Edit: retweet - thx.nice work, we'll keep an eye on it for you Thanks a lot. Much appreciated. Any questions I can answer? Do you have hints for us? WOB is only a part of step 1 of 8 steps in Newbium, but I want to make sure to build it as good as possible. I expect the sell side to list something like 75 million coins for sale eventually. It's kind of a useless metric unless all the exchanges listed actually do proof of solvency. Yep, it is useless metric. Most of the exchanges allow placing hidden orders if order is bigger than 50 btc. I understand your doubts. We are still far away from that scenario though. When the totals were converging (i.e. adding even more exchanges did little to influence the aggregated outcomes) ... I was surprised to see the total order volume ... to be that small. Tiny, literally. Worldwide BTC sell orders (the part that is publicly visible, in 27 exchanges) have a total of ~25 mio USD. We are seeing only 1/290 of all Bitcoin in existence in the sell orderbooks (or ... 1/1400 of your 75mio nightmare). Obvious explanations: People do keep their coins outside the exchanges, good. Some exchanges are truncating the depth to e.g. 500 or 2000 order around the current price, bad. And yes, orders can be hidden / conditioned - and then no one is able to count them in. Missing data is sad, but ubiquitous. Still, many people do aggregate datasets with missing data, all over science. For sure: Any secondary analysis depends on the quality of the primary data. That applies to all data analysis sites, also coinmarketcap, bitcoinwisdom, etc. - I guess you then also never trust, nor use such sites yourself? How do you navigate Bitcoinworld, never using any data aggregators? I would not want to trade like that, but that's just me. But yes: I see my highest goal to provide reliable analysis, so I am worried about such questions myself. Essentially you can always only trust data that you have generated yourself. But with your approach you assume in Cryptoland near to 100% are scammers? I don't believe that. The incentive for an exchange to report a false orderbook ... I don't yet see how they would profit from that. But yes, it might happen. There are three effects which mitigate the problem: * Exchanges can not profit financially from reporting fake orderbooks. (Or perhaps they do - can you invent a scenario?) * A law of large numbers - the more exchanges we query (now 30+), the less important the black sheep will be in our aggregation. * The bear scammers and the bull scammers ... can cancel each other out. And most importantly, and as we will never be able to sample the whole totality: Do not mainly look at the absolute numbers - but look at the ratio of green(buybook) and red(sellbook) column. Even if our new metrics is not "truth" itself - but only a good proxy for the truth - in cross-comparison, it really helps to uncover reality. Examples: balanced https://twitter.com/altsheets/status/735506529466646528sell pressure https://twitter.com/newbiumcoin/status/733508871747051520buy pressure https://twitter.com/altsheets/status/735817783666200576But of course: If an exchange will be reported to be providing fake data, then we'll simply cut them out of our data collection. Forever. Good point, thanks for the hint. And please alert us when you hear about such API data fraud. Sunny greetings
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yefi
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May 26, 2016, 04:04:44 PM |
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But that's the point -- it would be incredibly difficult to do it in dollars, that's why dollars aren't used to extort hospitals & bitcoin is. But yeah, if FOMC designed a financial instrument ideally suited for extorting hospitals (like BTC), and then proceeded to extort hospitals, that would be a totally dick move.
What are you going to do un-invent it? Whilst you're at it, expunge John Browning, Manhatten Project, etc. from history so we can all live with ponies singing Kum Bah Ya, My Lord.
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clopoterian
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May 26, 2016, 04:16:29 PM |
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But that's the point -- it would be incredibly difficult to do it in dollars, that's why dollars aren't used to extort hospitals & bitcoin is. But yeah, if FOMC designed a financial instrument ideally suited for extorting hospitals (like BTC), and then proceeded to extort hospitals, that would be a totally dick move.
What are you going to do un-invent it? Whilst you're at it, expunge John Browning, Manhatten Project, etc. from history so we can all live with ponies singing Kum Bah Ya, My Lord. Why would we need to uninvent beadcoin? Did we have to uninvent ponzis? Bearer bonds? Heroin? Murder? Rape? Ban/regulate the shit out of it, works good 'nuff
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luckygenough56
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May 26, 2016, 04:18:56 PM |
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becoin
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May 26, 2016, 04:21:24 PM |
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Criminals constantly evolve ("innovate," claw out new rat holes), and law evolves alongside, plugging up those holes. Laundering IRL money was once trivial, as was selling junk securities, promoting ponzis, numbers rackets, etc., etc. Those rat holes were plugged up, until you gentlemen came up with beetscoins and uncorked them again. Nah, just on the contrary. Those rat holes were getting bigger and bigger before bitcoin. Just to mention one - the 50 (fifty) billion Madoff ponzi scheme!
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JimboToronto
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You're never too old to think young.
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May 26, 2016, 04:23:09 PM |
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Good morning Bitcoinland. Back to the mid-$450s I see, right where we were a week ago. Bear trap closed. Time to start moving up again?
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clopoterian
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May 26, 2016, 04:28:18 PM Last edit: May 26, 2016, 04:42:17 PM by clopoterian |
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Criminals constantly evolve ("innovate," claw out new rat holes), and law evolves alongside, plugging up those holes. Laundering IRL money was once trivial, as was selling junk securities, promoting ponzis, numbers rackets, etc., etc. Those rat holes were plugged up, until you gentlemen came up with beetscoins and uncorked them again. Nah, just on the contrary. Those rat holes were getting bigger and bigger before bitcoin. Just to mention one - the 50 (fifty) billion Madoff ponzi scheme! If those ratholes were actually getting bigger, why would the noble bitcorn extortionists resort to using beetcoins? Just to make their lives difficult? Or to shit things up for other righteous bibcoiners? As far as Madoff, he's doing time, thanks for statist thugs. The possibility of getting V& is a deterrent beetcoin sorely lacks. Bleetcoin thieves are only brought to justice when the jackboots you so abhor take pity & do it for you.
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r0ach
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May 26, 2016, 04:43:31 PM |
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finkelsteinMonster
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May 26, 2016, 04:44:05 PM |
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Something about crypto...
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clopoterian
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May 26, 2016, 04:51:16 PM |
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We've broken through the $450 electrical fence, we're free, fellow cattle!
Come, bull friends, the way is clear, let's frolic! You have nothing to lose but your chains! We're on the cusp of sovereign cow society! Follow mee!!
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yefi
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May 26, 2016, 05:06:07 PM |
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Why would we need to uninvent beadcoin? Did we have to uninvent ponzis? Bearer bonds? Heroin? Murder? Rape? Ban/regulate the shit out of it, works good 'nuff You need to un-invent it because "banning/regulating the shit out of it" isn't going to make it disappear, any more so than the illegal drugs trade has disappeared.
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clopoterian
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May 26, 2016, 05:12:47 PM |
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Why would we need to uninvent beadcoin? Did we have to uninvent ponzis? Bearer bonds? Heroin? Murder? Rape? Ban/regulate the shit out of it, works good 'nuff You need to un-invent it because "banning/regulating the shit out of it" isn't going to make it disappear, any more so than the illegal drugs trade has disappeared. Of course it's not going to make it disappear. Murder and rape are still with us too -- that's why I said "works good 'nuff" rather than "perfect." I choose my words berry berry carefully
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bitbet-info
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May 26, 2016, 05:34:34 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 26, 2016, 05:36:46 PM |
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RIGHT NOW we need to compete with visa, mastercard, paypal, and
" There you go again" - Ronald Reagan Lying to try to make a point, that is. Show me more than one quote which supports your claim that bigblockers assert we need to scale to visa levels today. I'm not going to go researching various post and get into some kind of parsing duel.. If you have been awake, you would have noticed plenty of these kinds of arguments being made over the past 6 months and even longer by a large number of XT/Classic supporters. No, the only time I have seen that stated is when the least honest of the smallblockers have been building a straw man to engulf in flames. Another example of your own selective blindness. Not the first time that I have been faced with this selective blindness coming from your baloney accusatory posts.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 26, 2016, 05:42:53 PM |
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Are you all sleeping or what ? DRING DRING BITCOIN FOMOING!!!
nobody cares anymore ... it will only wake up the trolls, this thread is such a dump now. What are you talking about, I CARE! We've broken through the $450 electrical fence, we're free, fellow cattle! Your description of a $450 was somewhat illusory anyhow... because we've been here several times, and even not that long ago... It seems that upper $460s / lower $470s could be more formidable and significant in getting some upward price movement... .. time will tell... because we will likely be going up passed $470, it's just a matter of how much time and how much of a battle is made over such potential resistance at that level
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jbreher
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lose: unfind ... loose: untight
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May 26, 2016, 06:49:05 PM |
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RIGHT NOW we need to compete with visa, mastercard, paypal, and
" There you go again" - Ronald Reagan Lying to try to make a point, that is. Show me more than one quote which supports your claim that bigblockers assert we need to scale to visa levels today. I'm not going to go researching various post and get into some kind of parsing duel.. If you have been awake, you would have noticed plenty of these kinds of arguments being made over the past 6 months and even longer by a large number of XT/Classic supporters. No, the only time I have seen that stated is when the least honest of the smallblockers have been building a straw man to engulf in flames. Another example of your own selective blindness. Not the first time that I have been faced with this selective blindness coming from your baloney accusatory posts. Yeah, right. Your making shit up, then clinging to the lie, refusing to back any of it up, speaks volumes to all but you.
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r0ach
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May 26, 2016, 06:59:44 PM |
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Come, bull friends, the way is clear, let's frolic!
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600watt
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May 26, 2016, 07:58:28 PM |
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you managed to write no racist or anti-jewish bullshit in this post. wow. (imho, if you would leave this bullshit out of your posts more people would consider your writing containing some interesting or entertaining thoughts. you know that it is utter nonsense to claim that someone is evil (bad/stupid/smart/whatever) solely on the grounds of what kind of religion that persons parents choose to select for their kid) it is fucking annoying, stop that shit.
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