For a shipped product the ~5 minutes to a few hours delay isn't going to
matter much, since the product has to go through shipping first. Kinda like
buying an express shipment when you're not at home for the coming few weeks.
-Lewis
2011/7/22 Daniel Carosone d...@geek.com.au
On Thu, Jul 21,
On 21/07/2011 03:01, Daniel Carosone wrote:
On Tue, Jul 19, 2011 at 08:25:40PM +0300, lodewijk andr? de la porte wrote:
I personally still worry about how big the early bird bonus was, someone
estimated the earliest of participators had a million of bitcoins.
On 2011-07-21, Marsh Ray wrote:
I guess I don't see the need to do bitcoin crypto transactions at that
speed any more than the other high-speed exchanges need to rapidly
move stock certificates, hard cash, or perform ACH/EFTs.
That's probably true. But then, HST is just an example of a
On Thu, Jul 21, 2011 at 8:41 AM, Sampo Syreeni de...@iki.fi wrote:
On 2011-07-21, Marsh Ray wrote:
I guess I don't see the need to do bitcoin crypto transactions at that
speed any more than the other high-speed exchanges need to rapidly move
stock certificates, hard cash, or perform
Those interested in what is on record may want to look at
http://blockexplorer.com/
I wrote:
This information, without IP numbers, is unlikely to be very useful in
tracing transactions,
Transactions are in a sense perfectly traceable, however bitcoin
violates the know your customer rule to
There's currently a limited amount of transactions per block, this limit can
be changed. There's certain stuff in place to give bigger transactions,
older transactions and transactions with higher fee's precedence. That
should kill the possibility to truly DoS the network, although it's possible
On 2011-07-22 8:22 AM, lodewijk andré de la porte wrote:
There's currently a limited amount of transactions per block, this limit can
be changed. There's certain stuff in place to give bigger transactions,
older transactions and transactions with higher fee's precedence. That
should kill the
On Thu, Jul 21, 2011 at 08:47:35AM -0700, Nathan Loofbourrow wrote:
It's only when money is transferred
into our out of the exchange that a real transaction needs to be created,
whether though Bitcoin or through a bank. Private markets can help aggregate
small transactions.
.. as well as help
On 2011-07-20 4:57 PM, a...@crypto.lo.gy wrote:
At the current market depth and without a widespread adoption, Bitcoin exhibits
a high volatility.
So you are telling us if bitcoin fails, it fails.
Conversely, however, if it succeeds, it succeeds.
On Wed, Jul 20, 2011 at 11:29 AM, James A. Donald jam...@echeque.com wrote:
On 2011-07-20 4:57 PM, a...@crypto.lo.gy wrote:
At the current market depth and without a widespread adoption, Bitcoin
exhibits a high volatility.
So you are telling us if bitcoin fails, it fails.
Conversely,
On 20/07/11 9:08 PM, Eugen Leitl wrote:
On Wed, Jul 20, 2011 at 11:56:06AM +0200, Alfonso De Gregorio wrote:
I'd better rephrase it in: expectation to have money backed by
bitcoins exhibiting all the desirable properties of a perfect
currency (ie, stable money) are greatly exaggerated.
The
On 2011-07-20 11:24 PM, Ian G wrote:
Well, it's clearly inefficient, but that's a design feature :) Privacy
can't really be claimed as it has a public database, and it's a sucker
for datamining. Latency I gather has its issues too.
A distributed currency requires a consensus as to who owns
On Tue, Jul 19, 2011 at 08:25:40PM +0300, lodewijk andr? de la porte wrote:
I personally still worry about how big the early bird bonus was, someone
estimated the earliest of participators had a million of bitcoins.
If/since bitcoin posessess the full history log and lacks the privacy
On 07/20/2011 08:24 AM, Ian G wrote:
Yes, sure, but:
1. we are talking about high frequency trading here, and speed is the
first, second and third rule. Each trade could be making 10k++ and up,
which buys you a lot of leaches.
Basically, you have to get the trade down to the cost of a packet,
This would revive many of the things people have aspired to kill with
bitcoins. Among others the creation of money (I can borrow and store
more money than I have). It would also mean moving the scalability problem
to a centralized system, a trusted party.
In other words: wouldn't having money
On 2011-07-20, Ian G wrote:
To answer OP, typically all trading is done on a delayed and netted
settlement. Which is to say the trade might be done real time but the
settlement is batched for later, typically after market closing. No
money changes hands until later. This is especially true as
James A. Donald
The obvious next step is to have chaumian money and
account money which has rapid low cost transactions, which
money is converted into bitcoins at leisure, analogous to
having gold, and account money and banknotes backed by
gold.
On 2011-07-20 3:25 AM, lodewijk andré de la
On 2011-06-17 4:35 AM, Sampo Syreeni wrote:
Since I've been forced to take yet another look into BitCoin and
algorithmic (high frequency) trading within a short timespan, I began to
wonder how they would work together. What precisely would happen to
BitCoin if we had tens to tens of thousands of
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