myself
Legendary
 Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 01, 2013, 09:21:15 AM |
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If ICBIT starts settlement in Litecoins, i leave  and for BTCLTC contracts how the settlements should be done ? settlements in fiat are problematic but LTC solve that problem |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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picobit
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July 01, 2013, 02:46:01 PM |
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If ICBIT starts settlement in Litecoins, i leave and for BTCLTC contracts how the settlements should be done ? settlements in fiat are problematic but LTC solve that problem Settlement in BTC would be natural, as for all other ICBIT instruments. |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 01, 2013, 03:42:48 PM |
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Settlement in BTC would be natural, as for all other ICBIT instruments.
if i have to chose i pick ltc |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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[Tycho]
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July 02, 2013, 06:59:45 AM |
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Honestly, I don't actually think that altcoins and forks are important. Bitcoin is the power. The only potentially useful altcoin was NMC, but the project is dead now.
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Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks ! ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures ( NEW!). Third year in bitcoin business. |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 02, 2013, 09:59:31 AM |
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are you considering adding other instruments? synthetic index, options, warrants, turbo-warrants
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Fireball (OP)
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July 03, 2013, 09:05:09 PM |
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are you considering adding other instruments? synthetic index, options, warrants, turbo-warrants
Yes, if traders actually want to trade them. You can make a proposal. |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 03, 2013, 10:09:10 PM |
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are you considering adding other instruments? synthetic index, options, warrants, turbo-warrants
Yes, if traders actually want to trade them. You can make a proposal. a start can be something similar to dollar index |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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July 05, 2013, 07:08:22 PM |
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Feature request:
Ability for me to cause a new deposit address to be generated for my account.
Currently, the blockchain shows all my deposits to a single Bitcoin address that get credited to my wallet at ICBIT.
The whole concept of there being a new Bitcoin address for each transaction is so that privacy is maximized. Because the wallet is a hosted (shared) EWallet, the funds I deposit will likely be withdrawn by someone else, thus there are clues out there that the address is associated with ICBIT deposits and those addresses might get scrutinized further to try to determine the identity or other clues about who is the party responsible.
bump on this feature request. |
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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July 11, 2013, 02:00:41 AM |
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so withdrawal requests which would normally be processed are pending now (because otherwise they may not be able to sustain payout requirements of a BTC/USD-4.13 contract due to settle in a couple of days.
The amount displayed as being available for withdrawal shouldn't be a soft number. What conditions would cause a withdrawal request to hang as pending, and for how long would the duration be of that status on a withdrawal request? |
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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July 11, 2013, 05:17:40 AM |
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There's conversation in another thread that is more appropriate here, so I'm quoting a part of it here for discussion. when you are holding positions that compete with people who can create unlimited contracts and who can see the details of your positions, including available bitcoin. Is it possible to run an exchange where the exchange operator would not have the ability to enter fabricated orders or to know the positions held in customer accounts? |
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Fireball (OP)
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July 11, 2013, 07:21:53 AM |
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There's conversation in another thread that is more appropriate here, so I'm quoting a part of it here for discussion. when you are holding positions that compete with people who can create unlimited contracts and who can see the details of your positions, including available bitcoin. Is it possible to run an exchange where the exchange operator would not have the ability to enter fabricated orders or to know the positions held in customer accounts? There are no people who can create unlimited contracts in ICBIT, simply because payment for these contracts (not the margin requirement, but variation margin payments) would be huge if price goes against those people. |
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Fireball (OP)
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July 11, 2013, 07:25:46 AM |
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so withdrawal requests which would normally be processed are pending now (because otherwise they may not be able to sustain payout requirements of a BTC/USD-4.13 contract due to settle in a couple of days.
The amount displayed as being available for withdrawal shouldn't be a soft number. What conditions would cause a withdrawal request to hang as pending, and for how long would the duration be of that status on a withdrawal request? It is a soft number if that account has open positions in futures contracts due to Unrealized Profit/Loss, which is marked to market. Withdrawal requests are very rarely hanging as pending. When this happens, it's best to contact support to resolve the situation quickly (the reasons are mostly security/safety related). |
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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July 11, 2013, 07:37:48 AM |
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Is there a method for contacting support securely?
e-mail, unless encrypted, is not secure. Does ICBit support have a GPG key for messages?
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Fireball (OP)
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July 11, 2013, 04:56:28 PM |
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Is there a method for contacting support securely?
e-mail, unless encrypted, is not secure. Does ICBit support have a GPG key for messages?
It's definitely more secure than posting support requests in this thread :-) |
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killerstorm
Legendary
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Activity: 1022
Merit: 1015
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July 11, 2013, 08:16:22 PM |
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Is it possible to run an exchange where the exchange operator would not have the ability to enter fabricated orders or to know the positions held in customer accounts? Yes, sort of. I described a way to implement something like futures trading on top of colored coins. There are some limitations, of course. Particularly, contracts are capped, they aren't 100% same a futures. (Settlement exactly matches settlement of similar futures contract only if price is within a certain range. E.g. when BTCUSD is between 70 and 100.) But otherwise, there is a lot of transparency. Basically, operator cannot do much without getting caught; he plays no role between launch and settlement; it is possible to get multiple parties involved, they would need to collude to go rogue. |
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Fireball (OP)
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July 21, 2013, 08:22:38 PM |
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4342 contracts of July BTC/USD futures (ticker BUN3) settled 15th of July at $98.26 (MtGox VWAP), total trading volume $158'580.
New contract of a similar type (ultra low trading fee but with a small clearing fee) was successfully launched, it is August BTC/USD futures, ticker BUQ3.
Happy trading!
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boomerlu
Newbie
Offline
Activity: 50
Merit: 0
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July 22, 2013, 12:43:36 PM |
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When are we getting a VWAP (or some other mechanism) to set the clearing price? While I'm not personally very concerned as far as my own trading, a better mechanism would add to the legitimacy of the exchange. This is in response to akwfleaspirit, who, while certainly misinformed about a lot, is right that it's way too easy to manipulate the clearing price.
A "clearing cross" like NYSE's open/close crosses might help, and as a bonus you can put in margin called positions so they have access to the hopefully greater liquidity. It's also an established point in time to do lots of liquidity - if you can get traders to gather at these times, you may see more trading overall. A good cross can also simplify trading for those who don't want to babysit their limit orders.
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qxzn
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July 22, 2013, 02:47:37 PM |
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When are we getting a VWAP (or some other mechanism) to set the clearing price? While I'm not personally very concerned as far as my own trading, a better mechanism would add to the legitimacy of the exchange. This is in response to akwfleaspirit, who, while certainly misinformed about a lot, is right that it's way too easy to manipulate the clearing price.
A "clearing cross" like NYSE's open/close crosses might help, and as a bonus you can put in margin called positions so they have access to the hopefully greater liquidity. It's also an established point in time to do lots of liquidity - if you can get traders to gather at these times, you may see more trading overall. A good cross can also simplify trading for those who don't want to babysit their limit orders.
I was under the impression that BTCUSD futures were already cleared with mtgox vwap. |
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boomerlu
Newbie
Offline
Activity: 50
Merit: 0
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July 22, 2013, 04:46:42 PM
Last edit: July 31, 2013, 04:58:10 PM by boomerlu |
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When are we getting a VWAP (or some other mechanism) to set the clearing price? While I'm not personally very concerned as far as my own trading, a better mechanism would add to the legitimacy of the exchange. This is in response to akwfleaspirit, who, while certainly misinformed about a lot, is right that it's way too easy to manipulate the clearing price.
A "clearing cross" like NYSE's open/close crosses might help, and as a bonus you can put in margin called positions so they have access to the hopefully greater liquidity. It's also an established point in time to do lots of liquidity - if you can get traders to gather at these times, you may see more trading overall. A good cross can also simplify trading for those who don't want to babysit their limit orders.
I was under the impression that BTCUSD futures were already cleared with mtgox vwap. They are settled at Highest Volume Exchange VWAP at expiry, but clear mark-to-market twice a day at the last sale. Edit: Used to say "Gox VWAP at expiry", this could change going forward. |
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random_cat
Newbie
Offline
Activity: 30
Merit: 0
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July 30, 2013, 04:59:53 AM |
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Please fix expired certificate before the market moves much.
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