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Author Topic: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE  (Read 88622 times)
Fireball
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September 20, 2012, 01:56:38 PM
 #141

Security through obscurity is no security at all.
To give one more insight, how obscurity helps.
Everyone can see that our servers seem to be hosted by Hetzner (IP lookup). However, noone can be sure they are physically located in Hetzner's datacenter or we just use those servers as proxy/forwarders.
Obviously, this kind of info will never be revealed to make the real servers' location hidden from thieves.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
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September 20, 2012, 05:16:15 PM
 #142

No, that kind of information would be silly to disclose, of course. 

As for the real bank: Our local bank claims on signs all over the place that their main safe is protected with a time lock taking 10 min to open.  I guess that is also to protect their employees from failed robbery attempts.  But yes: sometimes financial institutions brag about security, but of course never without careful consideration.

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September 20, 2012, 07:01:50 PM
 #143

As for the real bank: Our local bank claims on signs all over the place that their main safe is protected with a time lock taking 10 min to open.  I guess that is also to protect their employees from failed robbery attempts.  But yes: sometimes financial institutions brag about security, but of course never without careful consideration.
That, kind of, makes sense and is similar to those signs in the shop which say that cashiers does not have keys from the main safe box in the shop.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
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September 20, 2012, 08:16:42 PM
 #144

Is your site having IT trouble?  On the Futures tab, all my futures are gone (the BTC are still there), and the Funds tab give a Runtime Error - apparently the default error message of your CMS.
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September 20, 2012, 08:23:53 PM
 #145

Is your site having IT trouble?  On the Futures tab, all my futures are gone (the BTC are still there)
We are updating our software at this moment. Trading will be resumed in a couple of minutes.
Some maintenance was required to add support for our new futures, sorry for any inconvenience.

Welcome to my bitcoin mining pool: https://deepbit.net ~ 3600 GH/s, Both payment schemes, instant payout, no invalid blocks !
Coming soon: ICBIT Trading platform
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September 20, 2012, 08:31:20 PM
 #146

Is your site having IT trouble?  On the Futures tab, all my futures are gone (the BTC are still there)
We are updating our software at this moment. Trading will be resumed in a couple of minutes.
Some maintenance was required to add support for our new futures, sorry for any inconvenience.
I see you are back up now!  Thanks for your quick reply.
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September 25, 2012, 02:06:17 PM
 #147

Hi,

I have two questions :

 - It looks like there's a bug in the order book (same for all contracts, futures and exchange). I can only see the first bid, and no asks. I think it started yesterday.
 - I saw in the "my account" section that you were implementing google 2fa. I configured it, but I can still login without entering the code.

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
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September 25, 2012, 04:55:27 PM
 #148

- It looks like there's a bug in the order book (same for all contracts, futures and exchange). I can only see the first bid, and no asks. I think it started yesterday.
It seems to happen only in one browser, we are investigating it right now.

Quote
- I saw in the "my account" section that you were implementing google 2fa. I configured it, but I can still login without entering the code.
It's in progress too. As soon as it's works, an announcement will be made.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
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September 25, 2012, 05:15:25 PM
 #149

- It looks like there's a bug in the order book (same for all contracts, futures and exchange). I can only see the first bid, and no asks. I think it started yesterday.
That's fixed now - please reload the webpage (if that does not help, clear the cache). Problem was a typo which sneaked into javascript client code before new version deployment yesterday.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
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September 25, 2012, 06:54:33 PM
 #150

Hi Fireball!

I have a suggestion for the user interface.  If a user has typed a price, and then clicks buy market or sell market, he probably wanted to place a limit order instead, and a confirmation dialog should appear.  In fact, a confirmation dialog would always be a good idea, but in particular when the input by the user is ambiguous.  

I have made that mistake twice already, such mistakes can in principle be quite costly!  In my case, I actually earned half a bitcoin, but that is besides the point. Smiley

EDIT: One more suggestion:  I just got a partially filled order, it is printed on my order list with yellow text, presumably to highlight it.  Unfortunately, yellow text on a light grey background is unreadable, I had to select the text to see what it was!
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September 25, 2012, 08:11:29 PM
 #151

Future for Gold/BTC Huh  Thats terrible. Bitcoin is much more voilatile as Gold.

Why not USD/Gold  and the winnings and losses are payed in BTC?
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September 25, 2012, 08:24:34 PM
 #152

Future for Gold/BTC Huh  Thats terrible. Bitcoin is much more voilatile as Gold.

Why not USD/Gold  and the winnings and losses are payed in BTC?

While USD/Gold is certainly doable, I think that its really an achievement to have a site which
is really "bitcoin based" and thus treats BTC as the primary currency. Using USD as intermediary
or exchange currency would again rise all those concerns of being a "bucket shop" (is the USD
there for real, i.e. in a bank account, yes or no? And who carries the risk of slippage).

Volatility of Bitcoin rates is a concern in itself, and futures could serve as a means to hedge
against this risk. Being able to hedge into the Gold market sounds like a nice addition, more so,
since there is (hopefully) some leverage, so you don't need to expose all your real assets (BTC)
to counterparty risk just for hedging.
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September 25, 2012, 08:26:04 PM
 #153

At what corporate address can I sue you guys at if you run off with my money?
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September 25, 2012, 09:26:33 PM
 #154

EDIT: One more suggestion:  I just got a partially filled order, it is printed on my order list with yellow text, presumably to highlight it.  Unfortunately, yellow text on a light grey background is unreadable, I had to select the text to see what it was!
Indeed. I'm pulling off the color-coding of order statuses for now, it needs some discussion first.
Instead, rejected and canceled orders will be shown with a strike-through line, filled orders will have a gray text color to visually distinguish their "inactive" state.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
Fireball
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September 25, 2012, 09:33:30 PM
 #155

At what corporate address can I sue you guys at if you run off with my money?
We are consulting lawyers regarding ICBIT project incorporation. This may take more time than planned due to specifics of having income in Bitcoins.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
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September 26, 2012, 07:56:53 AM
 #156

At what corporate address can I sue you guys at if you run off with my money?
We are consulting lawyers regarding ICBIT project incorporation. This may take more time than planned due to specifics of having income in Bitcoins.

You need to stop offering securities to the general public and move to registered share brokers in that case.

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September 26, 2012, 08:23:04 AM
 #157

Or tell us your real Name Tongue Thats a nice start too!
picobit
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September 26, 2012, 02:25:40 PM
 #158

Or tell us your real Name Tongue Thats a nice start too!

While there is a good chance that no scammer would want to build such an elaborate web site as icbit.se, and a good chance that seeing it become a success is both more fulfilling and more profitable than running with the bitcoins, I must admit that it is worrying that the domain name is registered to Mr. vnnber1106-00001   Undecided

In any case, suing somebody in Russia (or Japan for that matter, if MtGox runs with our money) is pretty hopeless.  Never leave more money on any exchange that you can afford to loose.  On icbit, I am afraid that leverage makes it more likely to loose the money on the market than in any other way.  On the other hand, it is more fun than Satoshi Dice. Smiley


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September 26, 2012, 05:11:44 PM
 #159

Scammers have built awesomely elaborate websites. Some really amazing ones.

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
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September 28, 2012, 06:27:46 PM
 #160

Website is down for 20-30 for maintenance. A notification here will be issued when it's on again. Sorry for any inconvinience.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
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