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Topics - Riverhead

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61
General Discussion / Evening Trading - Mmm...movement
« on: August 29, 2014, 08:26:19 pm »
I've noticed an uptick in trading now that the work week is either over or winding down for most folks. Yay weekend crypto warriors! Get that cheap BTSX!

62
General Discussion / Limit Cover Order
« on: August 29, 2014, 12:18:47 pm »
I'm probably showing my extreme lack of market savvy here but I can't seem to find the option in the market:


I shorted about 3000 BTSX for $100USD. To make a 10% return on this I need to cover when USD/BTSX is at about $0.38/BTSX. How do I put that in now? Just go long at 0.38 or is there a limit cover order or do I just need to keep an eye on it?

63
General Discussion / Delegates: Publish bitBTC Feeds to enable bitBTC:bitUSD Trading
« on: August 26, 2014, 06:20:21 pm »
 :D   +5%


Quote from: bytemaster on August 26, 2014, 05:41:34 pm
Quote from: Riverhead on August 26, 2014, 04:10:43 pm
Speaking of which, are delegates supposed to be publishing feeds still or is the market able stand on its own?
Market can stand on its own... if you want to publish feeds for BitBTC then I think that would be helpful because there is more BTC/BTSX liquidity than USD/BTSX... then we can trade BitBTC vs BitUSD on the internal exchange :)



64
General Discussion / BTSX reaches 50% LTC Market cap!
« on: August 25, 2014, 04:35:06 pm »

65
General Discussion / Wallet Portfolio, Checking, and Savings
« on: August 24, 2014, 05:01:03 pm »
So I've been giving some thought about how to distribute some of my BTSX. I have come up with the following and I'm looking for pros/cons to this approach and also some better alternatives.


1) A portfolio wallet that contains all accounts.


2) Create accounts riverhead-checking and riverhead-savings (important that these are NOT sub accounts)


3) Transfer 99% funds to riverhead-savings and 1% to riverhead-checking


4)  Export btsx_portfolio.json and put it a few dozen places (USB sticks, etc.)


5) Dump the private key for each checking and savings account then create two new wallets and import a key in each.


6) Export the first as btsx_riverhead_checking.json and put it a few dozen....


7)  Export the second as btsx_riverhead_savings.json and put it a few dozen....


8 ) Use the riverhead-checking wallet as day to day spending/playing and push extra funds as they come in to riverhead-savings


This way the wallet that is online and unlocked is not the wallet that contains the majority of funds.


Proud supporter of the Oxford comma.

66
General Discussion / ELI5 Reddit - Why will bitUSD work when they aren't backed by USD?
« on: August 23, 2014, 02:37:38 pm »
I want to add an article to the reddit "Explain it like I'm Five" section. Please edit or tell me why it's a complete fabrication and I should start over :) . I am writing this as a person who has a basic understanding of the stock market but am by no means an economist.


https://docs.google.com/document/d/1C_4MR4d8AsoqWQw8UMCyKeuvhO5TSws_TPHG421HVJg/edit?usp=sharing


Let's take Google. The share price of Google is supposed to be their book value plus some fudging for revenue, growth potential, etc. It's why share-price/book is a key stat that tries to guess how much intangible value pushing the price above or below book is correct.
Now let's take two day traders:

Trader A looks at the price of Google and says, "$400? Heck no.  They're about to be regulated out of existence and Amazon is releasing Amazon Search soon. I think it's worth $80" so they short.

Trader B thinks Trader A is off his rocker. The Google pipeline looks awesome and the stock will easily reach $600 by the end of the year. He bids long $500.

And so the game goes on. The big take away from this is neither have even the slightest interest in gaining a controlling stake in Google. It could be the worth of fiddle sticks for all they care.  The important thing is one person thinks it's worth more than the other and the market transactions tend toward a consensus of the intangible value above/below book.

Call them Google Shares or bitGoogle, it doesn't matter. It's not like if you had a Google share you could walk into Google HQ and start scarfing down the free food. The share really only has demand, and therefore value, because someone else thinks they can sell it for more later.

67
General Discussion / 10 Second blocks but 5 Second Transactions?
« on: August 23, 2014, 04:03:48 am »
The block time is 10 seconds but on average you're going to be half way to the time of the next block. What am I missing?

68
General Discussion / Delegate Bandwidth Requirements
« on: August 21, 2014, 06:00:19 pm »

We are in a fairly low transaction count period due to the market being closed.  That said it looks like we're currently using about 160,000 bytes/sec which translates into about 0.38TB/m of data transfer. Does anyone have any estimates of transfer requirements once we are live? 3TB/m at Digital Ocean is $20/month. Double the transfer cap double the price. 6TB/$40/m, etc.


I guess I can switch Droplets as usage dictates. If you snapshot and destroy a droplet you aren't charged for it.

Code: [Select]
by hour:
   *                  298504 bytes/sec
   *                  270194 bytes/sec
   *                  241884 bytes/sec
   *                  213574 bytes/sec
   *            * * * 185264 bytes/sec
   * **         *** * 156954 bytes/sec
  ** ***       ****** 128644 bytes/sec
 ********* * ******** 100334 bytes/sec
 *********** ******** 72024 bytes/sec
********************* 43714 bytes/sec

69
General Discussion / BitSharesX - Before the Storm
« on: August 19, 2014, 03:17:47 pm »
For posterity I might get this framed one day :) .

70
General Discussion / BTSX breaks $20MM Market Cap
« on: August 16, 2014, 01:48:15 pm »
Very nice to see.  Bitshares-PTS is closing on 10th place as well.



71
General Discussion / riverhead-del-server-1 down time (missed blocks)
« on: August 13, 2014, 05:32:49 pm »
Folks,

There was a power outage where I have my delegate server hosted that took down a router and then my server with it. The server is back up and blocks are being produced again.

1) I have built a new 0.3.1 client on another VPS host that will be idle until the current server acts up again.
2) The new instance will automatically start producing blocks if the first instance goes down (mirrored wallet)

I apologize for the brief interruption in block production and hope I can count on your continued support. Note that even with these missed blocks my reliability is still 99%

Kind Regards,
Riverhead

72
General Discussion / NXT Volume on BTER...seems odd
« on: August 11, 2014, 02:34:58 pm »
So the volume of NXT on BTER is off the charts (315 BTC in 24h) with little to no movement in price.  Is this just the bag holders selling coins to themselves to keep it on top of the list?

73
General Discussion / BitShares-X T-Shirts! (Added Black basic shirt/hoodie)
« on: August 09, 2014, 03:52:10 pm »
Get Your BitShares-X T-Shirt!

IPO In A Box - http://teespring.com/ipo_shirt_bitsharesx

Basic black shirt - http://teespring.com/basic_bitsharesx

RIP Wall Street - http://teespring.com/rip_wallstreet


$15/ea

Need 30 Orders to start shipping

Price/Quantity set to so profit is $0 (selling at cost)

High Quality Canvas Triblend Tee





74
General Discussion / NXT Order Book on BTER
« on: August 09, 2014, 02:15:52 pm »
NXT has a huge 24 hour volume but the order book looks decidedly bad right now.  Maybe it's an issue with BTER rather than no demand for NXT? I find this a bit confusing.







75
General Discussion / Dealing with Dissenting Opinions/Posts
« on: August 09, 2014, 12:03:50 pm »
Some of the conversations with ABL and CH have become a bit heated and sometimes personal. I get that we're all passionate about this technology and have a lot of time/resources invested.  However how we communicate and debate those that do not agree with our implementation and philosophies reflects on the community and the technology as a whole.

These are people already sold on the crypto industry. Some of the larger players we're hoping to attract aren't. That's when the real tough questions and challenges will start and I hope we can deal with them in a calm, reasoned, and methodical manner so as not to confirm their preconceived notions of the crypto community.

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