Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - biophil

Pages: 1 ... 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 ... 59
136
Yes

I have reduced the MaxOrder so it doesn't run out of BitUSD over night.

Over the last week the bot bought back most of the bitcoin I invested in bitshares  :P

Just want to point out the for something like 2 or 3 days straight,  toast's bot was offering the world triangular arbitrage because it was offering very high bitusd prices for BTC. I'm guessing that's why there aren't any more bitUSD on the order books...

Sent from my SCH-S720C using Tapatalk 2


137
General Discussion / Re: What is the website countdown for?
« on: January 23, 2015, 03:23:16 pm »
I've also learned around here that promises of new websites aren't generally to be taken very seriously. Maybe that will be different now in the post-Brian Page world. :)

i fully can understand your feelings … hopefully we can convince you this time .. i can just speak from design point of view ... content is another part ...

Haha, I certainly didn't mean to disparage your work, cass! Much respect for you and what you do.

138
General Discussion / Re: What is the website countdown for?
« on: January 22, 2015, 09:26:10 pm »
That's what I've heard.

I've also learned around here that promises of new websites aren't generally to be taken very seriously. Maybe that will be different now in the post-Brian Page world. :)

Sent from my SCH-S720C using Tapatalk 2


139
The real question is: who would short oil at today's prices? If/when we finally do get oil going, there's a good chance it will trade above the peg.

Sent from my SCH-S720C using Tapatalk 2


140
General Discussion / Re: What if I have 11% of BTS and I am malicious?
« on: January 21, 2015, 02:24:01 pm »
An immediate and effective solution to this issue is actually very simple. Malicious delegates will likely be delegates that don't produce blocks or produce blocks and steal 100% of the inflation. Both scenarios are by themselves quite unlikely and not actually that hurtful to BitShares, but most importantly they are easy to detect and it's possible to see what accounts control the stake that voted for them. To ensure the malicious stake doesn't continue ruining things a hard fork can be manually circulated among the community that permanently destroys all the stake that voted for the malicious delegates. BitShares would be back up and running normally quite quickly, and the only person who would really be hurt would be the attacker.

Destroying all the stake is less than ideal. I don't think there is a way how to discriminate between votes really intended for the malicious delegate and votes selected with "vote random subset" and "vote as delegates recommend".

I know it would be probably just a small portion of votes, but in principle it wouldn't be right.

"vote random subset" means "vote for a random few of the delegates that I've approved in my wallet." So even when you have that option checked (as you generally should for the sake of your privacy), you're never voting for delegates that you haven't already specifically approved.

I'm not sure how "vote as delegates recommend" works.

141
General Discussion / Re: Bter deposits stuck?
« on: January 20, 2015, 11:32:54 pm »
Anybody else having problems depositing BTS to bter post-hardfork?

This happens frequently after new releases.  They generally fix it in a day or so.

Lovely. beautiful arbitrage opportunities are just floating by...

142
General Discussion / Bter deposits stuck?
« on: January 20, 2015, 10:14:56 pm »
Anybody else having problems depositing BTS to bter post-hardfork?

143
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: January 20, 2015, 09:45:20 pm »
I have 2 accounts within 1 wallet, and the "Keys" tab is not visible on 1. Clicking on the Keys tab brings up the Price Feeds (blank entry). Anything I can do to get this tab back?

What version are you running? Are either of the accounts registered on the blockchain?

Sent from my SCH-S720C using Tapatalk 2


144
General Discussion / Re: Anouncement Concerning BTS Vesting
« on: January 20, 2015, 09:42:30 pm »
Can we eliminate PTS from their second snapshot in BTS? They're continuing development and shouldn't be given BTS to dump and reinvest immediately into PTS.

If PTS is being merged in, it should be killed off 100%.

You realize there's no "should" in crypto, right? Anybody can snapshot anything for any purpose and there isn't anything anybody else can do about it.

Sent from my SCH-S720C using Tapatalk 2


145
General Discussion / Re: Bitshares and LLC
« on: January 20, 2015, 03:55:45 pm »
Another issue that nobody has brought up yet is that in the US, I believe it's illegal for the owners of a publicly-traded company to be anonymous. This is the issue the whitelisting is trying to get around, I think. But for you as the guy running the company, I think you have to keep paperwork that shows exactly who owns which shares of the company at any given time.

If you tried to structure your securities as a debt instrument, this might not apply... but I am not experienced in such things.

Sent from my SCH-S720C using Tapatalk 2


146
General Discussion / Re: bitcoin->bitBTC gateway needs testers!
« on: January 19, 2015, 11:50:16 pm »
with 1000 USD at this moment and assume 1.2 % fees on BTER you can transfer 83.000 USD into BTS every month.

I don't really follow this statement. Theres also a negligible fee associated with bitcoin and bitassets deposits/withdrawals. You'd only really be subject to the 0.2% for converstion from btc to bts.

I think he's taking into account the 1% BTS withdrawal fee on Bter.

Sent from my SCH-S720C using Tapatalk 2


147
General Discussion / Re: DEX Arbitrage to increase liquidity
« on: January 17, 2015, 10:13:28 pm »
Assuming I've understood the proposition correctly, I don't think that what is being suggested in the OP will actually help to narrow the spreads. If it were possible, then any stock exchange for example could simply offer cross-stock trades (creating the required triangularities) to improve the liquidity and spreads in each of its stock listings.

Instead what I think would happen is that all three pairs would trade at spreads, and the cost of trading around the triangle would limit arbitrage as before. Eg if you created a market in BTC/USD and got hit on your buy BTC / sell USD order, you could not simultaneously sell BTC for BTS and buy USD for BTS without incurring the spread costs in those markets, meaning the arbitrage is ineffective. Instead you would need to wait to get hit on those positions at market or better, in which case you are simply assuming the risk of the market-maker.

That's correct; arbitrage doesn't directly add liquidity, it removes it. Every time someone executes a triangular arbitrage trade, the order book gets smaller.

Obviously, arbitrage is still extremely valuable, since it enforces price consistency. It's even possible that allowing arbitrage will help increase liquidity indirectly since there will be more market activity, which compounds into more activity.

148
Meta / Re: Preview of recent posts
« on: January 17, 2015, 02:32:18 pm »
Me too! missing it .. it's very useful.

I came to the Meta section to complain about this, and everybody else is beating me to it.

I agree! it's a great way to see what discussions are interesting!

149
General Discussion / Re: Guys can we stop shitting on nubits
« on: January 17, 2015, 05:48:02 am »
To get a 1st-hand perspective of what our recent NuBits-bashing is like, go over to the Nxt forum and try to start a discussion on BitShares. The mindless tribalistic hatred you will experience is something we should be very careful not to dish out to our competitors.

Well-thought-out criticism is great, but whatever we do, we should never act like the Nxt folks.

Sent from my SCH-S720C using Tapatalk 2

Sorry, but that's álso a generalisation :)
Some obviously do, and that's their problem.

Others (which is most probably the silent majority) are interested in both Nxt, Bitshares and a few others systems, too.

One of the problems is that the people who like to shout (in ány community) shout very loudly, up to the point where communities look like they are made up of a group of shouting baboons at time.

That happens on Bitcointalk, Nxt forum and no doubt you at times have the same.

I am admin on the Nxt forum, and no, I do not hate Bitshares. Neither do any of my colleagues. I may have my doubts about some things, but am open to being persuaded, like any sane person would be. I lurk here and also read along. It's only normal to do so.

"the Nxt folks" do not exist. Any community is diverse and will include nice and less nice people.

Welcome, Damelon!

I realize that when I talk about "the Nxt folks," I'm mostly talking about 2Kool4Skewl. It's what you said - the people who shout loudly are the ones who the community becomes known for, and there's nothing that the "good" community members can do about that. I know as well as anybody that we have "the BitShares folks" too.

I guess I was trying to put in a word to help people be less like 2Kool4Skewl and/or tonyk (one of our loudmouths around here), and I'm sorry that I implicated the good people at Nxt. Don't worry, I really do know that you aren't all that way!

150
Toast, have you talked to any other exchanges yet about adding bitAssets? It seems like it would be a huge plus for an exchange to know ahead of time that there will be market-maker bots running.

Sent from my SCH-S720C using Tapatalk 2


Pages: 1 ... 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 ... 59