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Offline pseudoscops

Mega block, ELI5 explanation required...
« on: October 30, 2014, 05:01:36 PM »

I know this is a total noob question. But does this mean that this block actually executed (i.e. someone sold a load of BitUSD ?) or that they simply placed an ASK that may or may not have been filled? Perhaps to create a temporary wall of some kind? If it is the former then I guess someone is a true believer in BitShares and has taken advantage of the currently low share price? I think I actually saw more than one block containing similar amounts.


http://www.bitsharesblocks.com/blocks/block?id=879648

Offline xeroc

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Re: Mega block, ELI5 explanation required...
« Reply #1 on: October 30, 2014, 05:13:57 PM »
Noobish questions can go here:
https://bitsharestalk.org/index.php?topic=8390.0

It is a bid order .. so it at least appears on the blockchain .. the operation type for executed orders is AFAIK something with "filled" in it ..

The rest of what you say seems accurate .. not necessarily true .. but accurate :)
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Offline vlight

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Re: Mega block, ELI5 explanation required...
« Reply #2 on: October 30, 2014, 07:49:35 PM »
Transaction fee:    0.008 USD  :D

Offline Riverhead

Re: Mega block, ELI5 explanation required...
« Reply #3 on: October 30, 2014, 08:21:21 PM »
Transaction fee:    0.008 USD  :D
Sure beats $7 that a traditional "discount" broker charges.

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Offline svk

Re: Mega block, ELI5 explanation required...
« Reply #4 on: October 30, 2014, 08:41:21 PM »
I've actually been wondering about this myself. Like Xeroc said it's an order, but I currently don't know how partial or complete fills of orders get recorded on the blockchain. Cancelling of orders is another thing I need to look into.

As for Mega blocks, try this one on for size:

http://bitsharesblocks.com/blocks/block?id=858831

:)
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Offline xeroc

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Re: Mega block, ELI5 explanation required...
« Reply #5 on: October 30, 2014, 09:01:09 PM »
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Re: Mega block, ELI5 explanation required...
« Reply #6 on: October 30, 2014, 09:05:57 PM »

Offline xeroc

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Re: Mega block, ELI5 explanation required...
« Reply #7 on: October 30, 2014, 09:13:16 PM »
http://bitsharesblocks.com/blocks/block?id=858831
what the ....
70M BTSX in a short order.. nice :)

It was also filled...I believe.
So then we should all be buying because the supply just made a negative 70M :)
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