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Author Topic: (maybe?)Bitparking - apparent issues  (Read 857 times)
Man From The Future
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June 17, 2011, 10:55:26 PM
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I recently sold 64.87 NMC on bitparking namecoin exchange, and received 4.24 BTC.

However, someone else, bought from me:

06/18/11 10:52:31   buy   0.06500000   81.42000000   5.29230000



Bitparking is selling that which it does not have, it appears...?

That, or a reporting gitch, but I don't know... Be careful! Tongue
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willphase
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June 17, 2011, 10:58:54 PM
 #2

Slightly inflammatory thread title.

NghtRppr
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June 17, 2011, 11:01:29 PM
 #3

I recently sold 64.87 NMC on bitparking namecoin exchange, and received 4.24 BTC.

However, someone else, bought from me:

06/18/11 10:52:31   buy   0.06500000   81.42000000   5.29230000



Bitparking is selling that which it does not have, it appears...?

That, or a reporting gitch, but I don't know... Be careful! Tongue

I'm confused as to what you're actually saying. Can you explain for those of us that have never used the service?
Man From The Future
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June 17, 2011, 11:01:47 PM
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I added maybe, since I did not know, although maybe the caps are over the top...?
Man From The Future
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June 17, 2011, 11:03:32 PM
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I recently sold 64.87 NMC on bitparking namecoin exchange, and received 4.24 BTC.

However, someone else, bought from me:

06/18/11 10:52:31   buy   0.06500000   81.42000000   5.29230000



Bitparking is selling that which it does not have, it appears...?

That, or a reporting gitch, but I don't know... Be careful! Tongue

I'm confused as to what you're actually saying. Can you explain for those of us that have never used the service?

Someone bought stuff form me which I didn't have, my order was shown as selling for 81, which I thouhgt was a reporting glithc, yet, someone bought 81. I only bot the 64 I sold worth, however, the other person spent 5.29BTC and got 81.

So, do bitparking, in total, have less NMC than shown in people's balances?
gmaxwell
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June 17, 2011, 11:11:05 PM
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06/18/11 10:52:31   buy   0.06500000   81.42000000   5.29230000
Someone bought stuff form me which I didn't have, my order was shown as selling for 81, which I thouhgt was a reporting glithc, yet, someone bought 81. I only bot the 64 I sold worth, however, the other person spent 5.29BTC and got 81.

So, do bitparking, in total, have less NMC than shown in people's balances?

Nah, you're mistaking something completely boring for something interesting.

Someone put in a buy for 81.42NMC, You had a sell of 64.   All of yours, plus 17.42 of someone elses order were sold in order to satisfy the buyer.

This is how a normal market works.  If you buy X at Y price they it will buy all available up to amount X and price Y starting at the cheapest available.

 
Man From The Future
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June 17, 2011, 11:13:47 PM
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06/18/11 10:52:31   buy   0.06500000   81.42000000   5.29230000
Someone bought stuff form me which I didn't have, my order was shown as selling for 81, which I thouhgt was a reporting glithc, yet, someone bought 81. I only bot the 64 I sold worth, however, the other person spent 5.29BTC and got 81.

So, do bitparking, in total, have less NMC than shown in people's balances?

Nah, you're mistaking something completely boring for something interesting.

Someone put in a buy for 81.42NMC, You had a sell of 64.   All of yours, plus 17.42 of someone elses order were sold in order to satisfy the buyer.

This is how a normal market works.  If you buy X at Y price they it will buy all available up to amount X and price Y starting at the cheapest available.

 


My sell order was shown as having 81NMC in the sell order list.
gmaxwell
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June 17, 2011, 11:21:09 PM
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My sell order was shown as having 81NMC in the sell order list.

The order book isn't a list of individual orders. It's a list of all coins available at a given price. If you and I put orders at the same price we'll be summed. Notice that there are no duplicate prices in the orderbook?
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