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Question: Do you like dark pools ?
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Author Topic: Bitcoin Central, now featuring dark pools !  (Read 6619 times)
Littleshop
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February 23, 2011, 10:50:41 PM
 #21

elsewhere in this forum is written that without dark pools the exchange rate of btc would be .10 cent

Probably not that low.  Probably not even 20% lower then it is now.  But dark pools hide large sellers, and there are very large blocks of BTC waiting to be sold.  I think it would express more confidence in the future BTC of we did not have dark pools. 

Large block owners could still list smaller blocks.  But as it stands now they get to 'lie' to the market saying.... "I only have 1000 BTC to sell" while their intention is to sell more. 

Question...
As these dark pool implementations are not standardized....  Is the volume accurate reflecting all trades or just the non-dark pool trades?

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TiagoTiago
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February 23, 2011, 10:59:41 PM
 #22

What is the difference between a dark pool and someone selling stuff outside the big trading markets?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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Binford 6100
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February 23, 2011, 11:03:57 PM
 #23


As these dark pool implementations are not standardized....  Is the volume accurate reflecting all trades or just the non-dark pool trades?

does it matter? the volume of transactions is in the blockchain
is it important to know which transfer was exchange for currency and which was for goods/services?

in the museum of finland's central bank is a counter that shows volume cleared transactions in the finish electronic payment system. it does not have sub counters, just volume since last reset.
i see a similar approach should be just fine. velocity of bitcoins for past 24 hrs. no need to aggregate data from all known exchanges and attach the $/eur equivalent. what is it good for? ( i know what is it good for to know the volume of trades, but dark pools do not harm imo, same way as listing sum of all transactions does not represent exchanged value)

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February 23, 2011, 11:06:17 PM
 #24

Seems darkpools at most give more money to the exchange markets than they would get if the people were trading hiding but without using them

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

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Binford 6100
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February 23, 2011, 11:16:33 PM
 #25

elsewhere in this forum is written that without dark pools the exchange rate of btc would be .10 cent

Probably not that low.  Probably not even 20% lower then it is now.  But dark pools hide large sellers, and there are very large blocks of BTC waiting to be sold.  I think it would express more confidence in the future BTC of we did not have dark pools. 

i forgot to write that the quote is from december 2010, when price was about .30 $

You can't build a reputation on what you are going to do.
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