MasterCoin Buyer/Seller Thread

[vanbollu]

online and looking to sell for .15
pouncers online
come n get em ppl

OK, send PM to pouncers ?

[LOL]

Selling 40.0 MSC @ 0.2 BTC

Please add to order book, thank you.

[Pouncer]

sorry for not listing price.
i want to buy 50 MSC at 0.13BTC
 

It's already in the order book

[Pouncer]

Order book updated.

Please remove me from order book thanks

Buy 10MSC @0.15

Thanks!

Buy 1MSC @0.15

Thanks!

Selling 40.0 MSC @ 0.2 BTC

Please add to order book, thank you.

[waltz]

buy 100 MSC at 0.14B. I am on line in the next hours. use the escrow.
cheers

[Peezr]

Change mine to 0.15

[lethe]

My order can be removed from the book, I have enough offers to complete it. Apologies for my lack of responses to some private messages.

[baishishi]

I would like to buy 100MSC @0.13 ，please update.

[Wit22]

Remove my buy order from the order book.

Successfully traded with Faraday

[maxmint]

buy 100 MSC at 0.14B. I am on line in the next hours. use the escrow.
cheers

Change mine to 0.15

My order can be removed from the book, I have enough offers to complete it. Apologies for my lack of responses to some private messages.

I would like to buy 100MSC @0.13 ，please update.

Order book updated.

[maxmint]

This is becoming a big problem.  Buyers get frustrated by sending 8 e-mails and getting no answer.  We need a rule which clears the books of orders which are not valid/active.  

RULE:  When your order is part of a crossed book - and more than 3 days old - it gets removed.  Both on the buy side - and the sell side.  If a user doesn't like that his order was removed, he only needs to renew it on the 4th day to completely restore his offer.  No problem.  Much cleaner book.  Efficiency is restored as buyer and seller will only be seeking a deal on real active offers.

Yes, this indeed is a problem, the overlap really got out of hands recently.

pKnowles, I like your suggestion, this could be a good solution. Before implementing this I'd like to think a little more about it, I will post an update soon.
If anyone has a better solution to this problem, please let me know.

[littleblue]

This is becoming a big problem.  Buyers get frustrated by sending 8 e-mails and getting no answer.  We need a rule which clears the books of orders which are not valid/active.  

RULE:  When your order is part of a crossed book - and more than 3 days old - it gets removed.  Both on the buy side - and the sell side.  If a user doesn't like that his order was removed, he only needs to renew it on the 4th day to completely restore his offer.  No problem.  Much cleaner book.  Efficiency is restored as buyer and seller will only be seeking a deal on real active offers.

Yes, this indeed is a problem, the overlap really got out of hands recently.

pKnowles, I like your suggestion, this could be a good solution. Before implementing this I'd like to think a little more about it, I will post an update soon.
If anyone has a better solution to this problem, please let me know.

+1  thanks for your great job！

[Rampion]

This is becoming a big problem.  Buyers get frustrated by sending 8 e-mails and getting no answer.  We need a rule which clears the books of orders which are not valid/active.  

RULE:  When your order is part of a crossed book - and more than 3 days old - it gets removed.  Both on the buy side - and the sell side.  If a user doesn't like that his order was removed, he only needs to renew it on the 4th day to completely restore his offer.  No problem.  Much cleaner book.  Efficiency is restored as buyer and seller will only be seeking a deal on real active offers.

Yes, this indeed is a problem, the overlap really got out of hands recently.

pKnowles, I like your suggestion, this could be a good solution. Before implementing this I'd like to think a little more about it, I will post an update soon.
If anyone has a better solution to this problem, please let me know.

I have to say that as a seller I had the same problem with buyers. While I honored the only sell I've been involved in, despite of the price going up during the sale, when the price went down because of the reddit attack I tried to sell MSC sending PM to at least 5 buyers and I got no answer at all... Until 5 days passed and the price went up again - then the sellers replied me if I was still willing to sell 20% below the market price... That's lame. Some rule should apply.

[stereotype]

This is becoming a big problem.  Buyers get frustrated by sending 8 e-mails and getting no answer.  We need a rule which clears the books of orders which are not valid/active.  

RULE:  When your order is part of a crossed book - and more than 3 days old - it gets removed.  Both on the buy side - and the sell side.  If a user doesn't like that his order was removed, he only needs to renew it on the 4th day to completely restore his offer.  No problem.  Much cleaner book.  Efficiency is restored as buyer and seller will only be seeking a deal on real active offers.

Yes, this indeed is a problem, the overlap really got out of hands recently.

pKnowles, I like your suggestion, this could be a good solution. Before implementing this I'd like to think a little more about it, I will post an update soon.
If anyone has a better solution to this problem, please let me know.

I have to say that as a seller I had the same problem with buyers. While I honored the only sell I've been involved in, despite of the price going up during the sale, when the price went down because of the reddit attack I tried to sell MSC sending PM to at least 5 buyers and I got no answer at all... Until 5 days passed and the price went up again - then the sellers replied me if I was still willing to sell 20% below the market price... That's lame. Some rule should apply.

Similar experience here. Dont know if its overkill, but the problem here is the lack of cost to trade. It costs nothing to enter onto the order book. And if you choose to, you pay nothing for an escrow service. Is a fee system to enter and/or trade, the way to go? 

[klee]

Maybe traders should send beforehand funds to Maxmint/Pouncer and they do the deals with a fee included for them!

[DGulari]

Maybe traders should send beforehand funds to Maxmint/Pouncer and they do the deals with a fee included for them!

Maybe a little too complex - but...
A hybrid includes 'funded' offers.  A green shading behind an offer in the order book indicates funds are already on deposit with the escrow agent.  All one has to do to claim the offer is send the counter funding!  Deals done instantly.  Not as good as the DEx - but far more efficient than what we have today. 

[stereotype]

Maybe traders should send beforehand funds to Maxmint/Pouncer and they do the deals with a fee included for them!

Maybe a little too complex - but...
A hybrid includes 'funded' offers.  A green shading behind an offer in the order book indicates funds are already on deposit with the escrow agent.  All one has to do to claim the offer is send the counter funding!  Deals done instantly.  Not as good as the DEx - but far more efficient than what we have today.  

Sounds good DGulari. And if it absolves the need for you to send me the following PM, its a great idea......

"How is this for niceties: 'go fuck yourself'!!!  What not nice enough?  Then go fuck yourself sideways.  You are the offering seller moron - you are not doing me any favors."

[Faraday]

Maybe traders should send beforehand funds to Maxmint/Pouncer and they do the deals with a fee included for them!

I think a fee definitely needs to involved if this happens, they are already spending a lot of their time on this!

What we really need is an update on how far away the distributed exchange is, as it's not worth the time setting up a more complicated system if we won't be using it for very long.

[venomouskid]

can you remove my order please.

[Zephir]

Everyone who wants to put an order to the order book, should pay a fee (~0.1-0.01btc) first.
There will be no more (or much less) fake orders, price pump/dump, etc.
And please take a fee for your services (maxmint and pouncer), you are doing much more work than a normal exchange and btw a great job for the MSC community.
Thanks.