Bitcoin Forum
December 06, 2016, 10:05:35 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 »  All
  Print  
Author Topic: BitFloor.com Rocks!  (Read 16090 times)
bb113
Hero Member
*****
Offline Offline

Activity: 728


View Profile
June 23, 2012, 09:29:07 PM
 #121

Sounds good. So to bitfloor: What is the protocol for when I lose my phone and no longer trust my secret key? I like the yubikey because it can simply remain in a safe place.

I'm assuming you would just log in and disable 2FA, then re-enable it to generate a new OTP.

From Bitfloor site:
Quote
You can setup two factor authentication for your account through Google Authenticator (free Android and iOS app). This provides a higher level of security for your account.

Note: Once two factor authentication has been activated, it will be required to access your account at all times.
Right, but if you have backed up the compromised secret, you could use it one last time to log in and disable 2FA. This assumes that disabling it is an option, of course.

Not sure.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481061935
Hero Member
*
Offline Offline

Posts: 1481061935

View Profile Personal Message (Offline)

Ignore
1481061935
Reply with quote  #2

1481061935
Report to moderator
1481061935
Hero Member
*
Offline Offline

Posts: 1481061935

View Profile Personal Message (Offline)

Ignore
1481061935
Reply with quote  #2

1481061935
Report to moderator
1481061935
Hero Member
*
Offline Offline

Posts: 1481061935

View Profile Personal Message (Offline)

Ignore
1481061935
Reply with quote  #2

1481061935
Report to moderator
bb113
Hero Member
*****
Offline Offline

Activity: 728


View Profile
June 23, 2012, 09:56:41 PM
 #122

After thinking about this a bit more. The most convenient thing is to just create shortcuts to files containing the secret string on the computer you use to trade. The most secure thing would be to put JAuth and the secret keys on a boot cd/drive and only run it on a computer/device that never connects to the internet. Is this correct?

edit: I guess you would need to manually set the clock.
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
June 23, 2012, 10:01:13 PM
 #123

After thinking about this a bit more. The most convenient thing is to just create shortcuts to files containing the secret string on the computer you use to trade. The most secure thing would be to put JAuth and the secret keys on a boot cd/drive and only run it on a computer/device that never connects to the internet. Is this correct?

edit: I guess you would need to manually set the clock.
Sure that would work too.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
bb113
Hero Member
*****
Offline Offline

Activity: 728


View Profile
June 23, 2012, 10:07:06 PM
 #124

Perhaps there is a market for dedicated portable devices that generate OTPs for a person's various accounts. You would have two of them. One as backup kept in a safe place, one to keep with you as you travel.
EuSouBitcoin
Sr. Member
****
Offline Offline

Activity: 463


View Profile
June 24, 2012, 05:05:56 AM
 #125

BitFloor just passed Intersango to move from #8 to #7 on the 30-day BTC/USD volume list at bitcoincharts.com. Congratulations BitFloor. Keep on Rockin'!
nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 24, 2012, 04:10:11 PM
 #126

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
genuise
Sr. Member
****
Offline Offline

Activity: 375


View Profile WWW
June 24, 2012, 04:16:36 PM
 #127

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

take a look at bitcoin-analytics.com/#arbitrage

you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade

nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 24, 2012, 04:20:57 PM
 #128

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

take a look at bitcoin-analytics.com/#arbitrage

you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade
What is the MtGox fee per trade?

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
genuise
Sr. Member
****
Offline Offline

Activity: 375


View Profile WWW
June 24, 2012, 04:23:51 PM
 #129

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

take a look at bitcoin-analytics.com/#arbitrage

you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade
What is the MtGox fee per trade?

not sure, but as far as I can remember it varies between 0.6 - 0.5 - ... % depending on your trading activity
for sure you should consult on mtgox website

nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 24, 2012, 04:26:17 PM
 #130

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

take a look at bitcoin-analytics.com/#arbitrage

you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade
What is the MtGox fee per trade?

not sure, but as far as I can remember it varies between 0.6 - 0.5 - ... % depending on your trading activity
for sure you should consult on mtgox website
In that case it could be occasionally profitable to arb MtGox and bitfloor.
Off to the IDE!

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
ErebusBat
Hero Member
*****
Offline Offline

Activity: 560

I am the one who knocks


View Profile
June 24, 2012, 04:30:32 PM
 #131

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

take a look at bitcoin-analytics.com/#arbitrage

you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade
What is the MtGox fee per trade?

I would read this before you go all gungho https://bitcointalk.org/index.php?topic=74291.0

░▒▓█ Coinroll.it - 1% House Edge Dice Game █▓▒░ • Coinroll Thread • *FREE* 100 BTC Raffle

Signup for CEX.io BitFury exchange and get GHS Instantly!  Don't wait for shipping, mine NOW!
genuise
Sr. Member
****
Offline Offline

Activity: 375


View Profile WWW
June 24, 2012, 04:31:38 PM
 #132

In that case it could be occasionally profitable to arb MtGox and bitfloor.
Off to the IDE!

it depends on volume of transactions in BTC for 100 and 1000 the situation can be significantly different.

for example almost all exchanges  have 100 on bid and ask sisds, so it is in principla possible to execute such transactions.

But when you filter 1000 BTC volume for exmpale currently bitfloor does not have enough volume on bid side and your BTC will not be bought, you will not close the transation pair.

nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 24, 2012, 05:09:22 PM
 #133

I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?

take a look at bitcoin-analytics.com/#arbitrage

you should wait until data is fully loaded and arbitrage table is displayed
then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade
What is the MtGox fee per trade?

I would read this before you go all gungho https://bitcointalk.org/index.php?topic=74291.0
Well my system would be simpler - keep BitFloor asks where they would be profitable. So when the gox bids go up, the bot adjusts BitFloor asks. Then, when a trade is made on BitFloor, the bot makes a trade on gox.
@genuise I don't have enough BTC for it to matter, really.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
genuise
Sr. Member
****
Offline Offline

Activity: 375


View Profile WWW
June 24, 2012, 05:12:32 PM
 #134

...
@genuise I don't have enough BTC for it to matter, really.

then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them

nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 24, 2012, 05:24:17 PM
 #135

...
@genuise I don't have enough BTC for it to matter, really.

then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them
Most fees are percentage-based, so that is fine. I also want to see bitfloor succeed, and bringing it more volume is one way I can do that.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
ErebusBat
Hero Member
*****
Offline Offline

Activity: 560

I am the one who knocks


View Profile
June 24, 2012, 08:26:39 PM
 #136

...
@genuise I don't have enough BTC for it to matter, really.

then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them

That is exactly what happened to goat.

░▒▓█ Coinroll.it - 1% House Edge Dice Game █▓▒░ • Coinroll Thread • *FREE* 100 BTC Raffle

Signup for CEX.io BitFury exchange and get GHS Instantly!  Don't wait for shipping, mine NOW!
genuise
Sr. Member
****
Offline Offline

Activity: 375


View Profile WWW
June 24, 2012, 08:39:25 PM
 #137

...
@genuise I don't have enough BTC for it to matter, really.

then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them

That is exactly what happened to goat.

It is a surprize for me. Can you give any details?

ErebusBat
Hero Member
*****
Offline Offline

Activity: 560

I am the one who knocks


View Profile
June 25, 2012, 12:30:44 PM
 #138

...
@genuise I don't have enough BTC for it to matter, really.

then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them

That is exactly what happened to goat.

It is a surprize for me. Can you give any details?

It is long, but very interesting: https://bitcointalk.org/index.php?topic=74291.0

░▒▓█ Coinroll.it - 1% House Edge Dice Game █▓▒░ • Coinroll Thread • *FREE* 100 BTC Raffle

Signup for CEX.io BitFury exchange and get GHS Instantly!  Don't wait for shipping, mine NOW!
genuise
Sr. Member
****
Offline Offline

Activity: 375


View Profile WWW
June 25, 2012, 02:27:08 PM
 #139

...
@genuise I don't have enough BTC for it to matter, really.

then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them

That is exactly what happened to goat.

It is a surprize for me. Can you give any details?

It is long, but very interesting: https://bitcointalk.org/index.php?topic=74291.0

Thank you, it is really educative Smiley

that is why I was pointing out that it is important to see and be able to analyze the picture in a wider perspective before making any conclusions and decisions.

ErebusBat
Hero Member
*****
Offline Offline

Activity: 560

I am the one who knocks


View Profile
June 25, 2012, 07:27:25 PM
 #140

that is why I was pointing out that it is important to see and be able to analyze the picture in a wider perspective before making any conclusions and decisions.

Exactly  Undecided

░▒▓█ Coinroll.it - 1% House Edge Dice Game █▓▒░ • Coinroll Thread • *FREE* 100 BTC Raffle

Signup for CEX.io BitFury exchange and get GHS Instantly!  Don't wait for shipping, mine NOW!
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!