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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1811506 times)
y2kcamaross
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March 25, 2013, 06:43:03 PM
 #15561

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both
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rpietila
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March 25, 2013, 06:51:53 PM
 #15562

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
y2kcamaross
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March 25, 2013, 06:54:10 PM
 #15563

Only because it would drive people to other exchanges, nothing something they would want
thefiniteidea
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March 25, 2013, 06:54:19 PM
 #15564

I know some of you never leave this thread, let alone this subforum...

https://bitcointalk.org/index.php?topic=158113.msg1673660#msg1673660

I AM SO PUMPED ABOUT THIS!  Cheesy

STRONG BUY.
mccorvic
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March 25, 2013, 06:55:05 PM
 #15565

I will admit though, this 71-76 range has been quite the slugfest

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notme
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March 25, 2013, 06:55:09 PM
 #15566

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

But would it be because they make more or because people quit trading there as much?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
ineededausername
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March 25, 2013, 06:57:42 PM
 #15567

Currently waiting to transfer flights in Europe, this week should be fun.

Well, everyone, don't forget this Wink

(BFL)^2 < 0
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March 25, 2013, 06:59:44 PM
 #15568

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job
WikileaksDude
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March 25, 2013, 07:04:24 PM
 #15569

Currently waiting to transfer flights in Europe, this week should be fun.

Well, everyone, don't forget this Wink

whats this about?
zoinky
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March 25, 2013, 07:07:23 PM
 #15570

I know some of you never leave this thread, let alone this subforum...

https://bitcointalk.org/index.php?topic=158113.msg1673660#msg1673660

I AM SO PUMPED ABOUT THIS!  Cheesy

STRONG BUY.

Good news keeps rollin'.
Gatekeeper
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March 25, 2013, 07:27:48 PM
 #15571

the battle up to $80 is a good fight, but 80-90 will be a lot faster. At the weekend there was 50k btc to $100, right now there is just under 32k btc to $100.

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
ineededausername
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March 25, 2013, 07:37:22 PM
 #15572

Anyone notice that there's more depth to $70 than there is to $80?

(BFL)^2 < 0
rpietila
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March 25, 2013, 07:39:22 PM
 #15573

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

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mccorvic
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March 25, 2013, 07:44:05 PM
 #15574

the battle up to $80 is a good fight, but 80-90 will be a lot faster. At the weekend there was 50k btc to $100, right now there is just under 32k btc to $100.

blockchained.com shows the asks and bids having stayed around the same level.  I'll be interesting to see which side can out last the other.

(Spoiler: Bulls win)

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EnergyVampire
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March 25, 2013, 07:45:36 PM
 #15575

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

rpietila
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March 25, 2013, 07:48:48 PM
 #15576

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
ewibit
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March 25, 2013, 07:49:23 PM
 #15577

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both
+1
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March 25, 2013, 08:46:05 PM
 #15578

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.

Maybe not a hard limit... just have dust orders pay a higher %.  High volume orders pay lower %.  This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.  But at the same time a lucrative dust bot could still operate.



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March 25, 2013, 08:54:51 PM
 #15579


Bitcoin will show the world what hard money really is.
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March 25, 2013, 09:23:05 PM
 #15580

Mtgox really needs to do something.  Either lower their fees or fix their server, or preferably both

Upping their fees to 2% would help with the lags more than lowering them...

 Huh a volume per bid/offer discount and small bid/offer volume penalty would do a much better job

Oh yeah, a fixed fee per new order! That's the way to go.. If the lag is because of an influx of new orders, how about a fee  Roll Eyes

I believe he means a fixed fee for the .01 dust orders. I'm not sure what purpose the .01 trades are for, any guesses?

Same fee for everybody! Legit traders couldn't care less about .01 fee..

The purpose of dust is to obfuscate the sight.

Maybe not a hard limit... just have dust orders pay a higher %.  High volume orders pay lower %.  This would be to encourage order consolidation and stop people from putting 1000 tiny orders in front of their own wall to give their bot time to move it when approached.  But at the same time a lucrative dust bot could still operate.

MtGox has a high incentive to allow small transactions as people making profit from them will reduce volatility, too.
They have an incentive to provide a fast service as speed should be the most important factor after liquidity and trustworthiness.
Arbitrarily small trades don't reduce volatility though, so it would definitely make sense to pass on the costs per trade as the minimum trade costs or to straight add them. Why not charge every trade with either $0.001+0.6% or max($0.001, 0.6%)? When MtGox doesn't make profit with a deal, why should the client?

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