Holliday
Legendary
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Activity: 1120
Merit: 1012
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:40:25 PM |
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I understand the wrench method. The idea is to provide for your family after you are taken along with not giving in to the demands of kidnappers.
Of course, one should do whatever it takes to avoid getting taken in the first place.
Good point. If you calculate your personal utility not only based on "payout to yourself", but "payout to people you care about", my wrench method calculation fails. Maybe I'm just too egotistical to think like that, however ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Do you have kids? I think that may have some impact on your calculations. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Edit: That was rhetorical, btw. No need to answer.
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JorgeStolfi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:45:00 PM |
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WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
But look at the transaction log: 2014-01-30 16:34:06 | 4836.00 | 40.402 2014-01-30 16:33:57 | 4835.99 | 40.523 2014-01-30 16:33:49 | 4836.00 | 40.645 2014-01-30 16:33:40 | 4835.99 | 40.767 2014-01-30 16:33:30 | 4836.00 | 40.890 2014-01-30 16:33:21 | 4835.99 | 41.013 2014-01-30 16:33:12 | 4836.00 | 41.136 2014-01-30 16:33:02 | 4835.99 | 41.259 2014-01-30 16:32:53 | 4836.00 | 41.383 2014-01-30 16:32:44 | 4835.99 | 41.507 2014-01-30 16:32:34 | 4836.00 | 41.632 2014-01-30 16:32:24 | 4835.99 | 41.757 2014-01-30 16:32:15 | 4836.00 | 41.883 2014-01-30 16:32:06 | 4835.99 | 42.008 2014-01-30 16:31:56 | 4836.00 | 42.134 2014-01-30 16:31:47 | 4835.99 | 42.261 2014-01-30 16:31:45 | 4836.00 | 4.000 2014-01-30 16:31:38 | 4836.00 | 42.388 2014-01-30 16:31:29 | 4835.99 | 42.515 2014-01-30 16:31:19 | 4836.00 | 42.643 2014-01-30 16:31:10 | 4835.99 | 42.771 2014-01-30 16:31:00 | 4836.00 | 42.900 2014-01-30 16:30:52 | 4835.99 | 43.028 2014-01-30 16:30:43 | 4836.00 | 25.776
There is obviously a strongly negative feeling in this forum against Huobi and OKCoin, and very warm feelings about BTC-China. People keep claiming that Huobi's volume is fake (even though strong evidence of fakery has been shown only at other exchanges); and seem very happy that BTC-China is back in business (even though it will be just another Chinese-only(?) exchange). May I ask why this bias? Personal reasons, or some technical features that I cannot see?
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:48:25 PM |
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BTC China was first big Chinese exchange, that's why people have soft spot for it.
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hd060053
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:49:38 PM |
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btcchina was responsible for the ATH, thats why we like it.
Huobi, on the contrary, lead the crashes.
--> bias explained
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JorgeStolfi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:52:16 PM |
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btcchina was responsible for the ATH, thats why we like it.
Huobi, on the contrary, lead the crashes.
--> bias explained
Ah. Thanks!...
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pickaname
Newbie
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Activity: 25
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:53:31 PM |
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https://i.imgur.com/UJ6lqeb.jpgIdk what you guys see...but I think Bobby Lee is just tryin to be all picasso to spread the holiday cheers. See no threat.
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KeyserSoze
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:56:02 PM |
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Do you have kids? I think that may have some impact on your calculations. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I find this part about the family a little odd in that implies one's family would care more about the Bitcoins than dad's/husband's life. I guess it varies from family to family. Surely most of us want to provide for our family however if someone were being tortured I imagine the animal instinct of self-preservation would kick in whether we feel warm and fuzzy about it or not. If you have a stash and you are the only one with the password but even you "can't access it" and you are killed, who will be able to get the stash? If the stash requires multiple signatures and one of the parties dies with the password, who gets the stash?
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fonzie
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:57:55 PM |
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stylin
Member
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Offline
Activity: 62
Merit: 10
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 06:59:43 PM |
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WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
But look at the transaction log: 2014-01-30 16:34:06 | 4836.00 | 40.402 2014-01-30 16:33:57 | 4835.99 | 40.523 2014-01-30 16:33:49 | 4836.00 | 40.645 2014-01-30 16:33:40 | 4835.99 | 40.767 2014-01-30 16:33:30 | 4836.00 | 40.890 2014-01-30 16:33:21 | 4835.99 | 41.013 2014-01-30 16:33:12 | 4836.00 | 41.136 2014-01-30 16:33:02 | 4835.99 | 41.259 2014-01-30 16:32:53 | 4836.00 | 41.383 2014-01-30 16:32:44 | 4835.99 | 41.507 2014-01-30 16:32:34 | 4836.00 | 41.632 2014-01-30 16:32:24 | 4835.99 | 41.757 2014-01-30 16:32:15 | 4836.00 | 41.883 2014-01-30 16:32:06 | 4835.99 | 42.008 2014-01-30 16:31:56 | 4836.00 | 42.134 2014-01-30 16:31:47 | 4835.99 | 42.261 2014-01-30 16:31:45 | 4836.00 | 4.000 2014-01-30 16:31:38 | 4836.00 | 42.388 2014-01-30 16:31:29 | 4835.99 | 42.515 2014-01-30 16:31:19 | 4836.00 | 42.643 2014-01-30 16:31:10 | 4835.99 | 42.771 2014-01-30 16:31:00 | 4836.00 | 42.900 2014-01-30 16:30:52 | 4835.99 | 43.028 2014-01-30 16:30:43 | 4836.00 | 25.776
There is obviously a strongly negative feeling in this forum against Huobi and OKCoin, and very warm feelings about BTC-China. People keep claiming that Huobi's volume is fake (even though strong evidence of fakery has been shown only at other exchanges); and seem very happy that BTC-China is back in business (even though it will be just another Chinese-only(?) exchange). May I ask why this bias? Personal reasons, or some technical features that I cannot see? What is happening is that BTCChina has recently instituted a reward for market-making (google market-maker). This means that a whale can set huge buy and sell orders very close to each other and make money off of others buying and selling into them. This happens on Wall Street all the time, and now Bobby Lee has actually incentivized it. It's a genius move in my opinion, it reduces volatility and increases liquidity. Now a bot that hasn't taken this recently-added incentive into account is buying and selling into the market-making bots' orders. I am not surprised they found a bot to exploit, BTCChina has been dead for a while. It's probably running off a formula based on volume and its own volume is tricking it into buying and selling. The bot is slowly losing a lot of money though, when the owner wakes up in the morning he will be pissed lol.
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FTWbitcoinFTW
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:07:08 PM |
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WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
But look at the transaction log: 2014-01-30 16:34:06 | 4836.00 | 40.402 2014-01-30 16:33:57 | 4835.99 | 40.523 2014-01-30 16:33:49 | 4836.00 | 40.645 2014-01-30 16:33:40 | 4835.99 | 40.767 2014-01-30 16:33:30 | 4836.00 | 40.890 2014-01-30 16:33:21 | 4835.99 | 41.013 2014-01-30 16:33:12 | 4836.00 | 41.136 2014-01-30 16:33:02 | 4835.99 | 41.259 2014-01-30 16:32:53 | 4836.00 | 41.383 2014-01-30 16:32:44 | 4835.99 | 41.507 2014-01-30 16:32:34 | 4836.00 | 41.632 2014-01-30 16:32:24 | 4835.99 | 41.757 2014-01-30 16:32:15 | 4836.00 | 41.883 2014-01-30 16:32:06 | 4835.99 | 42.008 2014-01-30 16:31:56 | 4836.00 | 42.134 2014-01-30 16:31:47 | 4835.99 | 42.261 2014-01-30 16:31:45 | 4836.00 | 4.000 2014-01-30 16:31:38 | 4836.00 | 42.388 2014-01-30 16:31:29 | 4835.99 | 42.515 2014-01-30 16:31:19 | 4836.00 | 42.643 2014-01-30 16:31:10 | 4835.99 | 42.771 2014-01-30 16:31:00 | 4836.00 | 42.900 2014-01-30 16:30:52 | 4835.99 | 43.028 2014-01-30 16:30:43 | 4836.00 | 25.776
There is obviously a strongly negative feeling in this forum against Huobi and OKCoin, and very warm feelings about BTC-China. People keep claiming that Huobi's volume is fake (even though strong evidence of fakery has been shown only at other exchanges); and seem very happy that BTC-China is back in business (even though it will be just another Chinese-only(?) exchange). May I ask why this bias? Personal reasons, or some technical features that I cannot see? What is happening is that BTCChina has recently instituted a reward for market-making (google market-maker). This means that a whale can set huge buy and sell orders very close to each other and make money off of others buying and selling into them. This happens on Wall Street all the time, and now Bobby Lee has actually incentivized it. It's a genius move in my opinion, it reduces volatility and increases liquidity. Now a bot that hasn't taken this recently-added incentive into account is buying and selling into the market-making bots' orders. I am not surprised they found a bot to exploit, BTCChina has been dead for a while. It's probably running off a formula based on volume and its own volume is tricking it into buying and selling. The bot is slowly losing a lot of money though, when the owner wakes up in the morning he will be pissed lol. And the major risk and what i think happend now is a Information asymmetrySomeone has inside news and play around
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Denton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:11:18 PM |
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WOW BTCChina jumped from 1900 BTC volume to 11200 in just few hours
But look at the transaction log: 2014-01-30 16:34:06 | 4836.00 | 40.402 2014-01-30 16:33:57 | 4835.99 | 40.523 2014-01-30 16:33:49 | 4836.00 | 40.645 2014-01-30 16:33:40 | 4835.99 | 40.767 2014-01-30 16:33:30 | 4836.00 | 40.890 2014-01-30 16:33:21 | 4835.99 | 41.013 2014-01-30 16:33:12 | 4836.00 | 41.136 2014-01-30 16:33:02 | 4835.99 | 41.259 2014-01-30 16:32:53 | 4836.00 | 41.383 2014-01-30 16:32:44 | 4835.99 | 41.507 2014-01-30 16:32:34 | 4836.00 | 41.632 2014-01-30 16:32:24 | 4835.99 | 41.757 2014-01-30 16:32:15 | 4836.00 | 41.883 2014-01-30 16:32:06 | 4835.99 | 42.008 2014-01-30 16:31:56 | 4836.00 | 42.134 2014-01-30 16:31:47 | 4835.99 | 42.261 2014-01-30 16:31:45 | 4836.00 | 4.000 2014-01-30 16:31:38 | 4836.00 | 42.388 2014-01-30 16:31:29 | 4835.99 | 42.515 2014-01-30 16:31:19 | 4836.00 | 42.643 2014-01-30 16:31:10 | 4835.99 | 42.771 2014-01-30 16:31:00 | 4836.00 | 42.900 2014-01-30 16:30:52 | 4835.99 | 43.028 2014-01-30 16:30:43 | 4836.00 | 25.776
There is obviously a strongly negative feeling in this forum against Huobi and OKCoin, and very warm feelings about BTC-China. People keep claiming that Huobi's volume is fake (even though strong evidence of fakery has been shown only at other exchanges); and seem very happy that BTC-China is back in business (even though it will be just another Chinese-only(?) exchange). May I ask why this bias? Personal reasons, or some technical features that I cannot see? What is happening is that BTCChina has recently instituted a reward for market-making (google market-maker). This means that a whale can set huge buy and sell orders very close to each other and make money off of others buying and selling into them. This happens on Wall Street all the time, and now Bobby Lee has actually incentivized it. It's a genius move in my opinion, it reduces volatility and increases liquidity. Now a bot that hasn't taken this recently-added incentive into account is buying and selling into the market-making bots' orders. I am not surprised they found a bot to exploit, BTCChina has been dead for a while. It's probably running off a formula based on volume and its own volume is tricking it into buying and selling. The bot is slowly losing a lot of money though, when the owner wakes up in the morning he will be pissed lol. How is the bot losing money if he's selling and buying to himself?
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fonzie
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:13:02 PM |
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There are actually fees on BTCChina. If tit ain´t no BTCChina bot and belongs to someone who has to pay them.
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Denton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:14:47 PM |
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There are actually fees on BTCChina.
But according to their press release the fees taken from the "market taker" are given to the "market maker" while BTCChina takes nothing.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 30, 2014, 07:22:31 PM |
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here's my take on the market action some poeple think since deposits are coming back online for BTCCHina that means we moving up way up some poeple think that the government won't allow this and the party will be over before it starts these two forces clash, and BAM we have extreme volume low movement. the market looks like this ATM: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs24.postimg.org%2Fppbvtqoz9%2F651215_1298781457942_full.jpg&t=665&c=o3GmG2qoOXzqFg)
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Richy_T
Legendary
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Activity: 2520
Merit: 2240
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:28:25 PM |
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Plausible deniability. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Precisely. I'd like an alternate password for my encrypted keys which yields plaintext keys to an alternate wallet. I need to have wallets which are associable to me. But I would like to remove the wrench vulnerability on those wallets. Built into the BTC wallet or just as a way to store the keys?
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wilfried
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 288
Merit: 250
ManualMiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:31:52 PM |
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what do you think of https://btc.sx/? is it true its run by banksters? ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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bull1692
Newbie
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Activity: 27
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:34:43 PM |
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So if BTC-China is now accepting deposits, are we still in the train station because it's the middle of the night in China?
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dgarcia
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:35:10 PM |
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here's my take on the market action some poeple think since deposits are coming back online for BTCCHina that means we moving up way up some poeple think that the government won't allow this and the party will be over before it starts these two forces clash, and BAM we have extreme volume low movement. the market looks like this ATM: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs24.postimg.org%2Fppbvtqoz9%2F651215_1298781457942_full.jpg&t=665&c=o3GmG2qoOXzqFg) Cool description! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Richy_T
Legendary
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Activity: 2520
Merit: 2240
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2014, 07:35:42 PM Last edit: January 30, 2014, 08:19:34 PM by Richy_T |
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Plausible deniability. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Precisely. I'd like an alternate password for my encrypted keys which yields plaintext keys to an alternate wallet. I need to have wallets which are associable to me. But I would like to remove the wrench vulnerability on those wallets. A private is just 256 bits. So in theory, all you need to do is generate 256 bits from a passphrase (simplest is just use an 32-character phrase) and XOR it with the private key. This is your encrypted key. Now generate a different 256 bits from a different passphrase and XOR it with the encrypted key. This is your alternate private key. Heck, the encrypted key in this would be a valid private key itself. In fact, you could generate any number* of private keys this way. Sound reasonable? *If you generate too many, you may make it crackable.
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