BitShares Forum

Main => General Discussion => Topic started by: tonyk on June 20, 2014, 03:58:28 pm

Title: Limit of # of orders per block
Post by: tonyk on June 20, 2014, 03:58:28 pm
Are you/we planning to limit the number of orders per block that each client/wallet can place?

If yes to how much, 1?
Title: Re: Limit of # of orders per block
Post by: tonyk on June 20, 2014, 05:22:59 pm
Anybody??? – BM, toast, xeroc, Agent86, cass, …any of you dry runs participants must know the answer to this simple question.
Title: Re: Limit of # of orders per block
Post by: bytemaster on June 20, 2014, 05:54:26 pm
Limit is entirely size-based not count based.    If the transaction fits in the block it gets in.  Transactions are prioritized by fee.
Title: Re: Limit of # of orders per block
Post by: tonyk on June 20, 2014, 06:12:32 pm
So I can place the following at literally the same time:

Buy 10 bitUDS @ 1.00
Buy 15 bitUDS @ 0.99
Buy 10 bitUDS @ 0.97

And chance are, they will all go-through and potentially be matched (assuming available corresponding ask orders) in the next block, correct?
Title: Re: Limit of # of orders per block
Post by: bytemaster on June 20, 2014, 06:16:07 pm
So I can place the following at literally the same time:

Buy 10 bitUDS @ 1.00
Buy 15 bitUDS @ 0.99
Buy 10 bitUDS @ 0.97

And chance are, they will all go-through and potentially be matched (assuming available corresponding ask orders) in the next block, correct?

Correct.
Title: Re: Limit of # of orders per block
Post by: toast on June 20, 2014, 06:17:10 pm
So I can place the following at literally the same time:

Buy 10 bitUDS @ 1.00
Buy 15 bitUDS @ 0.99
Buy 10 bitUDS @ 0.97

And chance are, they will all go-through and potentially be matched (assuming available corresponding ask orders) in the next block, correct?

Correct

Preempting "but then why lazy fee if can have robots do it!": Because you can't be sure what the other orders in the block actually will be so it still disincentives walking the order book. "Lazy fee" just means the bank gets it instead of HFT algorithms
Title: Re: Limit of # of orders per block
Post by: tonyk on June 20, 2014, 06:51:24 pm

Correct

Preempting "but then why lazy fee if can have robots do it!": Because you can't be sure what the other orders in the block actually will be so it still disincentives walking the order book. "Lazy fee" just means the bank gets it instead of HFT algorithms

Wow pretty high volume/activity expectations you have there… :)
Title: Re: Limit of # of orders per block
Post by: toast on June 20, 2014, 06:55:57 pm

Correct

Preempting "but then why lazy fee if can have robots do it!": Because you can't be sure what the other orders in the block actually will be so it still disincentives walking the order book. "Lazy fee" just means the bank gets it instead of HFT algorithms

Wow pretty high volume/activity expectations you have there… :)

If you shoot for the moon the death is instant and painless when you land
Title: Re: Limit of # of orders per block
Post by: merockstar on June 20, 2014, 07:17:11 pm

Correct

Preempting "but then why lazy fee if can have robots do it!": Because you can't be sure what the other orders in the block actually will be so it still disincentives walking the order book. "Lazy fee" just means the bank gets it instead of HFT algorithms

Wow pretty high volume/activity expectations you have there… :)

If you shoot for the moon the death is instant and painless when you land

that's going in my mental quote book.

pun intended.