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<< >> English 中文 Русский 한국어 日本語 Español Français [2015-12-09 18:02:03] BitMEX_Sam : sleger: We actually wrote a risk management system like that, but we thought it was too opaque to be workable [2015-12-09 18:02:21] BitMEX_Sam : As in, it's a very difficult problem to not only decide which positions need to be deleveraged, but how to communicate that to the customer and also be transparent [2015-12-09 18:02:37] sleger : It is more complicated for basic users to understand, but it is the most fair [2015-12-09 18:02:52] BitMEX_Sam : If we didn't have the mark price system I think we would have gone with it, because otherwise high leverage is simply not workable without massive losses [2015-12-09 18:03:02] sleger : Well, they deleverage ALL the users with opposite positions by an amount proportional to their position, which again I think is very fair [2015-12-09 18:03:40] habibi : so basically same what dpe here do? [2015-12-09 18:03:46] sleger : not at all [2015-12-09 18:03:51] habibi : when its out of insurance fund [2015-12-09 18:03:58] sleger : no [2015-12-09 18:04:12] habibi : shieet :p need to read it more careful [2015-12-09 18:04:16] BitMEX_Sam : The difference is in who is affected [2015-12-09 18:04:58] habibi : here when there is loss in system everyone who earned is partially taken out of this profit right? [2015-12-09 18:05:09] BitMEX_Sam : Although I think it's legitimate to argue that if you make a large profit early in the day because the market is more liquid and then exit, but later there is some illiquidity and users who made less profit then get deleveraged, is that fair? It's a difficult problem [2015-12-09 18:05:10] sleger : BitMEX_Sam: today what is not fair is that if i trade and make 1btc and close position, then later on market is crazy and there is DPE, my profit will be impacted [2015-12-09 18:05:36] sleger : yes exactly as you said [2015-12-09 18:06:06] TschavaTschigger : I prefer the way it's done here tbh [2015-12-09 18:06:19] sleger : also if I run a MM bot and it is very low leveraged, but makes high pnl on the risk it takes, it will get deeply impacted which is very unfair as it never caused any DPE risk itself [2015-12-09 18:07:02] sleger : habibi: https://www.bitvc.com/help/catlist?id=21 [2015-12-09 18:07:12] sleger : "Automatic Counterparty Deleveraging" [2015-12-09 18:08:02] habibi : yep, on it [2015-12-09 18:10:22] sleger : Yes it's more complex, yes people wont get it at first, but there is no debate about it, it is the most fair way of doing it, because in these futures market, positions only exist as between counterparties of the exchange and one liq is actually a closing of an opposite side position. If there is liquidity in the market to do it perfect, but otherwise it should reduce opposite side positions [2015-12-09 18:42:41] REKT : <b>REKT</b> Liquidated long on XBT24H: Sell 358 @ 414.88 [2015-12-09 18:45:11] REKT : <b>REKT</b> Liquidated long on XBT24H: Sell 5593 @ 414.27 [2015-12-09 18:45:11] REKT : <b>REKT</b> Liquidated long on XBT24H: Sell 130 @ 414.27 [2015-12-09 18:48:15] prospecta : REKT [2015-12-09 18:48:34] prospecta : nigger test [2015-12-09 18:48:37] prospecta : haha wow [2015-12-09 18:48:51] prospecta : sense of humour I see [2015-12-09 18:48:56] habibi : dont play on isolated so much, close ur positions on loss on fixed margin and still u will save much more than isolated liq [2015-12-09 18:49:17] habibi : best indicator here is out ?:( [2015-12-09 18:52:35] sleger : He was bad, so he got banned [2015-12-09 18:52:58] habibi : yep just wanted to confirm that [2015-12-09 18:59:08] micmix : so rapidtrades is gone, no more rapid indicator? [2015-12-09 18:59:59] habibi : yep we need do moves on our owns [2015-12-09 19:02:00] micmix : I see my REKT bot got a workout today [2015-12-09 19:04:07] sleger : micmix: you could remove REKT from the message as its a bit redundant with the name [2015-12-09 19:06:01] habibi : or just adjustable words for bigger contracts like 100k+ liquditation is "someone gonna have bad christmass" [2015-12-09 19:06:16] micmix : yeah, I thought about that @sleger [2015-12-09 19:07:39] micmix : maybe I should ask BitMEX_Sam to change REKT username to bold red :-) [2015-12-09 19:08:34] BitMEX_Sam : It's actually not something I can control, it's generated by the hash of the username [2015-12-09 19:08:35] justinlooking : i have smelly shorts on okc :( [2015-12-09 19:08:40] BitMEX_Sam : That way I don't have to store it but it's always consistent [2015-12-09 19:09:37] micmix : BitMEX_Sam: it's a clever system [2015-12-09 19:10:58] micmix : I removed REKT from the message. Taking suggestions for funny comments on big and small liquidations :-) [2015-12-09 19:12:42] TschavaTschigger : make the bot ignore small liquidations if there is high volatility, otherwise it spams too much at big moves [2015-12-09 19:13:40] BitMEX_Sam : Going to add the orderID to it soon [2015-12-09 19:13:56] TschavaTschigger : or that... ty sam [2015-12-09 19:14:49] nickhnt : MEGA REKT! Double Rekt! REK-K-K-KT [2015-12-09 19:15:18] micmix : Don't like arbitrary limits, going to wait for orderID to see how many messages it posts [2015-12-09 19:15:26] justinlooking : yay scratch [2015-12-09 19:15:30] nickhnt : Rekta KILL [2015-12-09 19:17:06] justinlooking : if price or qty contains 420 anywhere, "blaze it" [2015-12-09 19:18:03] micmix : but yeah, liquidations with qty <1000 probably not worth posting [2015-12-09 19:18:22] nickhnt : More than 10 rekts: 'IT's ON FIRE' 'suicide lines are busy, try again later' [2015-12-09 19:18:25] micmix : < 1000 probably not worth posting [2015-12-09 19:18:26] nickhnt : lol [2015-12-09 19:19:09] micmix : nice one @nickhnt [2015-12-09 19:19:53] coolcatgee : 10+ Shorts=MOON 10+ Longs=DOOM [2015-12-09 19:22:28] coolcatgee : Short Rekt Followed by a Long Rekt or visa versa = FATALITY [2015-12-09 19:25:37] justinlooking : insert coins to play [2015-12-09 19:28:48] cataquil : CLOSED SHORT [2015-12-09 19:28:54] cataquil : DUMPED MEGA LOTS [2015-12-09 19:31:28] wurstgelee : up? :) [2015-12-09 19:34:29] justinlooking : wurstgelee: if spot can stay above 2725 for a bit i think so [2015-12-09 19:34:54] wurstgelee : yep [2015-12-09 19:59:13] prospecta : moon [2015-12-09 20:02:28] wurstgelee : prospecta: haha [2015-12-09 20:02:32] wurstgelee : back2crack? =) [2015-12-09 20:08:42] prospecta : just looking atm tbh [2015-12-09 20:20:09] justinlooking : hi [2015-12-09 20:55:22] nickhnt : glad to see the userbase is growing on here :) [2015-12-09 20:56:16] wurstgelee : prospecta is not exactly new [2015-12-09 20:56:21] wurstgelee : others are tho [2015-12-09 20:58:09] nickhnt : when i started trading here the userbase was about 100 [2015-12-09 20:58:30] nickhnt : not so long time ago tho [2015-12-09 20:58:31] nickhnt : lol [2015-12-09 21:09:05] zanza : now there is 100 users [2015-12-09 21:09:07] zanza : and 193 bots [2015-12-09 21:13:48] habibi : my screen shows 292 users [2015-12-09 21:13:49] habibi : and 129 bots [2015-12-09 21:17:27] laisee : 294. may need to upgrade. [2015-12-09 21:52:06] sleger : how do they know the number of bots ? [2015-12-09 21:52:26] wurstgelee : =api users? [2015-12-09 21:52:32] wurstgelee : dunno [2015-12-09 21:52:34] justinlooking : number of active api connections prolly [2015-12-09 21:52:37] wurstgelee : yep [2015-12-09 21:54:51] sleger : what do you mean by api connection, this is just websocket and http post just like the ui is doing [2015-12-09 21:57:14] REKT : Liquidated short on XBT24H: Buy 300 @ 418.80 [2015-12-09 21:57:15] REKT : Liquidated short on XBT24H: Buy 3 @ 418.71 [2015-12-09 21:57:24] REKT : Liquidated short on XBT24H: Buy 243 @ 419.46 [2015-12-09 21:57:34] REKT : Liquidated short on XBT24H: Buy 1 @ 418.95 [2015-12-09 21:58:03] Giovanni : how come i can't sell 25Mar(25x) and simply purchase now and take the difference ? [2015-12-09 21:58:25] sleger : because we are still in december [2015-12-09 21:58:49] Giovanni : But can't I still short it and then realize the profit come march ? [2015-12-09 21:59:01] coolcatgee : yea short it [2015-12-09 21:59:02] Giovanni : with no price risk [2015-12-09 21:59:39] sleger : sure sure go ahead [2015-12-09 21:59:50] sleger : or maybe read all the docs and faq, up to you [2015-12-09 22:00:49] Giovanni : Im going to stick with reading for now. simply trying to figure out the basics [2015-12-09 22:01:04] sleger : good idea [2015-12-09 22:03:08] coolcatgee : liquidity is a factor on the distant contracts, experiment with small amounts first, I've been liquidated many times before, and so will you, eventually you'll get the hang of it... best advice i can give is "the longer it takes until your first liquidation, the more it hurts" [2015-12-09 22:03:41] Giovanni : thanks for the input, I'll keep it in mind [2015-12-09 22:06:41] sleger : If you want to save a lot of time, you should just send me all your bitcoins directly because, eventually, that's where they will end up :p [2015-12-09 22:17:13] zanza : if this Satoshi reveal is a fake, we could see a big dump [2015-12-09 22:25:16] wurstgelee : y would that have any impact? [2015-12-09 22:27:13] justinlooking : buy the rumour sell the fact [2015-12-09 22:33:08] sleger : wurstgelee: y do you think it made the price go up in the first place ? [2015-12-09 22:33:42] wurstgelee : sleger: who said i do think that? [2015-12-09 22:33:58] wurstgelee : i dont think that story had any impact [2015-12-09 22:34:28] sleger : the price jumped 20 points when it came out [2015-12-09 22:34:40] sleger : this story was responsible for the up in price [2015-12-09 22:35:15] justinlooking : agree - maybe "no such thing as bad publicity" [2015-12-09 22:35:42] wurstgelee : that jump was in the books even before that story came out. [2015-12-09 22:35:48] wurstgelee : but we will never know... ;) [2015-12-09 22:36:00] nickhnt : wurstgelee: +1 [2015-12-09 22:37:07] sleger : the timing is undeniable [2015-12-09 22:37:21] wurstgelee : coincidence imo [2015-12-09 22:37:27] wurstgelee : but really..does that matter? [2015-12-09 22:38:49] sleger : yes, because if the story is proven wrong, people will think the price shouldnt have shot up like that [2015-12-09 22:39:29] wurstgelee : ok, we can agree on disagreement here i think ;) [2015-12-09 22:41:08] wurstgelee : nice to be back to pre-afternoon dump level [2015-12-09 22:41:17] sleger : Ok. But I end up being right 99% of the time [2015-12-09 22:42:02] wurstgelee : if that was the case, u would be filthy rich [2015-12-09 22:42:58] justinlooking : he always bets the farm on the 1% :P [2015-12-09 22:43:04] wurstgelee : lol 8) [2015-12-09 22:43:36] sleger : lol [2015-12-09 22:46:50] wurstgelee : ok, now dip, then mewn please [2015-12-09 22:47:35] BitMEX_Sam : sleger: Re: bots/user count, we can tell because the UI goes through a websocket translation layer that separates each type of data (orderBook, order, trade, etc.) into a discrete datastream, while multiplexing over a single websocket conn [2015-12-09 22:47:51] BitMEX_Sam : So we count how many are accessing the WS directly, and how many through the multiplexing layer [2015-12-09 22:47:59] sleger : understood [2015-12-09 22:48:16] wurstgelee : makes sense [2015-12-09 22:48:18] sleger : thats a lot of bots, im guessing most just listen to market data [2015-12-09 22:48:28] wurstgelee : btw, @BitMEX_Sam, did u silnece rapidtrades? [2015-12-09 22:48:33] wurstgelee : *silence [2015-12-09 22:48:40] BitMEX_Sam : No, I suppose he just left on his own. [2015-12-09 22:48:51] wurstgelee : oh, didnt expect that [2015-12-09 22:50:05] habibi : expect new account of this indicator [2015-12-09 22:50:17] zanza : his claim that the coins are locked up until 2020, gives stability [2015-12-09 22:50:22] zanza : locked in a trust [2015-12-09 22:50:33] zanza : however, if this is a lie, then it brings volatility [2015-12-09 22:51:29] sleger : I agree. I think the price shot up becauseit gave assurance that 1m btc were locked up for few more years [2015-12-09 22:52:22] wurstgelee : isnt that deal void because the guy died? [2015-12-09 22:52:30] zanza : idk @wurstgelee [2015-12-09 22:52:41] wurstgelee : if i didnt get it completely wrong, it is [2015-12-09 22:52:47] zanza : it was alwasy a big mystery to me why Satoshi didn't spend any of his 1-2 million coins [2015-12-09 22:53:19] wurstgelee : also http://motherboard.vice.com/read/satoshis-pgp-keys-are-probably-backdated-and-point-to-a-hoax [2015-12-09 22:53:38] wurstgelee : in case it wasnt posted here before [2015-12-09 22:55:28] wurstgelee : dip incoming [2015-12-09 22:57:19] wurstgelee : or not oO [2015-12-09 23:03:30] zanza : I still think it could be him [2015-12-09 23:03:36] zanza : I'd say 70% likelyhood imo [2015-12-09 23:14:45] zanza : but Australians are known to be top knotch trolls [2015-12-09 23:41:45] kingscrown : if u want to get more people to this site just retweet this - https://twitter.com/kingscrownBTC/status/671866849877979136 i already got here like 30 people and raising. [2015-12-09 23:45:28] sleger : Or make your own tweet message with your own referral link instead of his [2015-12-09 23:45:55] babybaby : guys are we going to 450 ? [2015-12-09 23:46:08] habibi : babybaby = kingscrown [2015-12-09 23:47:39] babybaby : psssst [2015-12-09 23:47:50] micmix : I think if that guy is a real Satoshi, 1M coins are in trouble. The trust agreement says that the guys gets all coins from the trust 14 month after his partner's death, and his partner died 2 years ago [2015-12-09 23:48:14] habibi : micmix: and still coins didnt move [2015-12-09 23:48:16] wurstgelee : micmix: thats my point [2015-12-09 23:48:18] wurstgelee : =) [2015-12-09 23:48:37] micmix : that guy has big problems with Australian tax office, so there is a big chance they will seize the coins if they can [2015-12-09 23:48:47] wurstgelee : if he is satoshi.... [2015-12-09 23:48:52] podizzle3k : irc chat bot is down again [2015-12-09 23:49:24] podizzle3k : http://motherboard.vice.com/read/satoshis-pgp-keys-are-probably-backdated-and-point-to-a-hoax [2015-12-09 23:49:41] micmix : yeah, it's a big if. I think Satoshi is group of 3-5 ppl and he might be one of them [2015-12-09 23:49:44] wurstgelee : yep, thats the if [2015-12-09 23:49:47] wurstgelee : =) [2015-12-09 23:49:52] STRML : Doesn't appear so, podizzler3k [2015-12-09 23:49:56] micmix : or at least he is one of the early miners [2015-12-09 23:50:06] wurstgelee : i think thats it [2015-12-09 23:51:01] habibi : micmix: still it can be faked info [2015-12-09 23:51:02] habibi : http://motherboard.vice.com/read/satoshis-pgp-keys-are-probably-backdated-and-point-to-a-hoax [2015-12-09 23:53:44] podizzle3k : really dude [2015-12-09 23:53:48] podizzle3k : haha [2015-12-09 23:54:02] podizzle3k : two minutes later? [2015-12-09 23:54:21] wurstgelee : =) [2015-12-09 23:55:33] habibi : ah sorry :) didnt notice [2015-12-09 23:57:23] micmix : I can tell you one thing: the early Bitcoin source code points to someone from academia who's not a professional programmer. Most likely studied programming in late 80 - early 90. [2015-12-09 23:58:15] micmix : I've been doing C++ for 20+ years and worked with ppl who write similar code [2015-12-10 00:04:45] zanza : micmix: if he has half a brain, they won't be able to seize them [2015-12-10 00:18:45] sleger : or maybe he doesnt want to spend 20 years in jail [2015-12-10 00:19:08] laisee : I don't see the guy saying "I am satoshi" exactly,, just that he helped invent Bitcoin. [2015-12-10 00:37:06] messiaen8844 : hi [2015-12-10 00:41:51] laisee : howdy [2015-12-10 00:42:07] messiaen8844 : nice movement from 404 - 420, let's see if we can cross now 420 more convincgly [2015-12-10 00:43:28] laisee : dips nelow 420 ... :-0 [2015-12-10 00:45:28] messiaen8844 : ranges seem obvious [2015-12-10 00:45:29] messiaen8844 : https://www.tradingview.com/x/lH5oGMk9/ [2015-12-10 00:48:00] messiaen8844 : better: [2015-12-10 00:48:01] messiaen8844 : https://www.tradingview.com/x/QwYLU0qw/ [2015-12-10 00:48:39] messiaen8844 : more slow triangle patterns probably [2015-12-10 00:52:05] REKT : Liquidated long on XBT24H: Sell 50 @ 421.04 [2015-12-10 00:56:35] REKT : Liquidated long on XBT24H: Sell 1617 @ 420.19 [2015-12-10 00:58:56] REKT : Liquidated long on XBT24H: Sell 1000 @ 419.09 [2015-12-10 01:00:54] wurstgelee : btfd [2015-12-10 01:00:56] wurstgelee : ;) [2015-12-10 01:02:38] wurstgelee : omg, bots coing crazy? [2015-12-10 01:02:41] wurstgelee : *going [2015-12-10 01:41:05] ethexio : whee [2015-12-10 02:06:06] REKT : Liquidated long on XBT24H: Sell 31 @ 417.00 [2015-12-10 02:06:06] REKT : Liquidated long on XBT24H: Sell 8060 @ 416.67 [2015-12-10 02:06:07] REKT : Liquidated long on XBT24H: Sell 600 @ 417.62 [2015-12-10 02:06:16] REKT : Liquidated long on XBT24H: Sell 7633 @ 415.69 [2015-12-10 02:06:26] REKT : Liquidated long on XBT24H: Sell 5673 @ 415.69 [2015-12-10 02:14:29] AudibleScience : ethexio: https://youtu.be/o-6HA41F6Lg [2015-12-10 02:23:41] babybaby : whats going on lol [2015-12-10 03:03:46] ethexio : AudibleScience: :) [2015-12-10 03:42:07] REKT : Liquidated long on XBT24H: Sell 100 @ 416.78 [2015-12-10 03:49:11] laisee : moar cheap coins hitting the market ... [2015-12-10 04:26:18] ethexio : bots bonkers [2015-12-10 04:47:05] ethexio : weekly diverged quite a bit [2015-12-10 04:51:52] hashman : weekly is cheap [2015-12-10 04:52:59] laisee : was cheap [2015-12-10 05:23:01] kingscrown : !balance [2015-12-10 05:34:47] BitMEX_Wally : kingscrown: You can't trade by IRC yet :) [2015-12-10 05:38:50] TschavaTschigger : this 24h turnover is fascinating [2015-12-10 05:41:12] BitMEX_Wally : micmix: We now publish an `id` on each liquidation so you can update the REKT bot to not report duplicates [2015-12-10 05:44:37] REKT : Liquidated long on XBT24H: Sell 200 @ 412.95 [2015-12-10 06:10:03] ayy lmao : lmao [2015-12-10 06:10:22] ayy lmao : there is a rekt bot now [2015-12-10 06:18:29] micmix : BitMEX_Wally: thanks Wally, just saw that and updated the bot 5 minutes ago :-) [2015-12-10 06:18:39] BitMEX_Wally : :) [2015-12-10 06:20:22] micmix : it will say some funny stuff now from time to time [2015-12-10 06:20:50] micmix : like MEGA-REKT, MOON TIME and so on [2015-12-10 06:21:18] gaoMex : micmix: Thanks, helps a lot. :) [2015-12-10 06:35:58] laisee : micmix: > thanks. maybe keep ATH list of REKT 'winners'? [2015-12-10 06:49:48] zanza : lol [2015-12-10 06:51:16] laisee : not the names, of course. though that would be good entertainment ... [2015-12-10 06:53:01] micmix : laisee: yeah, I might do something like that at some point. too bad names are not published :-) [2015-12-10 06:56:56] laisee : :-) .. a "REKT winners board" [2015-12-10 07:15:08] stevelim : I am attending Bitcoin inside conference in Korea. [2015-12-10 07:26:27] laisee : I am satoshi, apparently. [2015-12-10 08:00:30] zanza : I am Satoshi [2015-12-10 08:01:06] wurstgelee : No, I am. [2015-12-10 08:03:43] zanza : We all are Satoshi [2015-12-10 08:22:43] laisee : where's my coins, I wonder? [2015-12-10 08:27:54] zanza : its about FREEDOM [2015-12-10 08:28:11] zanza : and INDEPENDENCE, not coins @laisee [2015-12-10 08:38:10] laisee : one Million &btc; == freedom and independence :-/ [2015-12-10 08:38:43] laisee : until taxman finds you and the coins :-( [2015-12-10 11:33:09] TschavaTschigger : that was an interesting trading day [2015-12-10 12:23:41] podizzler3k : -_- [2015-12-10 12:23:48] podizzler3k : liquidation price 1610356.10 [2015-12-10 12:23:52] podizzler3k : im worried [2015-12-10 12:32:10] habibi : shieet [2015-12-10 12:32:13] habibi : be careful man [2015-12-10 12:32:27] habibi : moon is not a joke [2015-12-10 12:34:54] alb_gt : Hi there, 196 futs XBU I can bid up to 420, any interest ? [2015-12-10 12:35:17] alb_gt : december, obviously [2015-12-10 12:36:03] j8 : alb_gt: i can sell `XBTZ15` if you want [2015-12-10 12:39:03] alb_gt : would prefer XBU thanks [2015-12-10 12:39:37] alb_gt : XBU is kinda dead... [2015-12-10 12:41:39] j8 : yeah, most people prefer the higher leverage and lower fees on XBT. [2015-12-10 12:46:29] sleger : makes no sense to trade xbu so close to maturity [2015-12-10 12:46:45] alb_gt : I am a bit stuck with a short on XBU... I guess I will have to wait until 125 dec indeed [2015-12-10 12:47:48] j8 : yup, been stuck there before, which is why i stopped trading it actually. gotta learn the hard way i guess [2015-12-10 12:48:09] alb_gt : exactly [2015-12-10 12:50:24] j8 : if you have the margin to spare and it's really going up you might be better off hedging with longs on XBT [2015-12-10 12:50:47] REKT : Liquidated long on XBT24H: Sell 10000 @ 414.65 <b>MEGA-REKT</b> [2015-12-10 12:51:27] habibi : lel [2015-12-10 12:51:38] podizzler3k : wut now? [2015-12-10 12:51:58] habibi : natink! :) [2015-12-10 13:05:38] REKT : Liquidated short on XBT24H: Buy 2000 @ 417.47 [2015-12-10 13:09:58] REKT : Liquidated short on XBT24H: Buy 30 @ 422.03 [2015-12-10 13:21:51] habibi : BitMEX_Wally: withdraws soon ? [2015-12-10 13:36:38] messiaen8844 : lol, mega rekt [2015-12-10 13:38:22] STRML : habibi: They're being broadcast now [2015-12-10 13:38:36] habibi : STRML: ty for info [2015-12-10 13:40:37] messiaen8844 : bot could have daily rekt ammount [2015-12-10 13:40:43] messiaen8844 : longs vs shorters [2015-12-10 13:40:52] messiaen8844 : so we can do daily metrics on that ;) [2015-12-10 13:42:17] STRML : Definitely something we'd like to add to the /stats endpoint in the future [2015-12-10 13:44:24] habibi : hm does electrum doesnt allow to send uncomfirmed coins anymore? [2015-12-10 13:51:41] STRML : I can't imagine any wallet allowing sending of unconfirmed coins [2015-12-10 13:51:48] STRML : No node would accept it [2015-12-10 13:52:59] STRML : Perhaps it could have built-in support for queuing it up once it does confirm, though. [2015-12-10 13:53:51] habibi : Strml its not about actepting, it was a normal practise back in days like half a year ago, i sent them even not comfirmed and as far as they got comfirmation they got both comfirmed on the my adress and destination [2015-12-10 13:53:52] habibi : Strml its not about actepting, it was a normal practise back in days like half a year ago, i sent them even not comfirmed and as far as they got comfirmation they got both comfirmed on the my adress and destination [2015-12-10 13:54:00] habibi : lel sorry for double [2015-12-10 13:54:42] habibi : i am not sure but i am thinking my trezor did allow me to do it [2015-12-10 13:54:47] habibi : as well [2015-12-10 13:55:44] habibi : and thats how some exchanges were working, they were instantly taking off upcoming coins away without comfirmations [2015-12-10 13:59:28] STRML : I think you may be confused, you can't spend a tx until it has confirmed [2015-12-10 14:00:25] STRML : Some exchanges were doing instant deposits by either trusting the unconfirmed tx once it had reached a certain % of network propagation, or in the case of Gox, actually taking your privkey and sweeping the wallet [2015-12-10 14:00:37] STRML : "instant" being a not quite exact term ofc [2015-12-10 14:03:21] habibi : pmed u on irc [2015-12-10 14:14:49] STRML : habibi: Sorry, didn't get it, bouncer is acting up [2015-12-10 15:12:16] j8 : doesn't bitcoin core let you spend unconfirmed change? [2015-12-10 15:13:56] TschavaTschigger : j8: this would be against pretty much every principle of bitcoin [2015-12-10 15:14:58] REKT : Liquidated long on XBT24H: Sell 596 @ 418.99 [2015-12-10 15:18:12] wurstgelee : @TschavaTschigger you can change required confirmations in your own client ofc, wouldnt help you tho since the transaction would be rejected by other clients/the network [2015-12-10 15:24:47] habibi : j8: electrum works good with unconfirmed, just first tx was messed up [2015-12-10 15:27:56] j8 : yeah, i thought it was no problem. [2015-12-10 15:32:51] TschavaTschigger : BitMEX_Wally: hey, you here? [2015-12-10 15:40:42] slacknation : spending unconfirmed tx is baked in the protocol, nothing wrong with it [2015-12-10 15:45:27] habibi : yep, all good. basically u can even change the destination of sent coins or u could in past, using node that accept replace by fee [2015-12-10 15:46:09] REKT : Liquidated long on XBT24H: Sell 987 @ 417.64 [2015-12-10 15:46:38] REKT : Liquidated long on XBT7D: Sell 21 @ 417.05 [2015-12-10 20:19:40] REKT : Liquidated long on XBT24H: Sell 407 @ 416.79 [2015-12-10 20:34:40] REKT : Liquidated short on XBT24H: Buy 17643 @ 418.49 <b>MEGA-REKT</b> [2015-12-10 20:37:00] REKT : Liquidated short on XBT24H: Buy 1500 @ 421.07 [2015-12-10 20:38:00] REKT : Liquidated short on XBT24H: Buy 9826 @ 421.89 [2015-12-10 20:38:15] wurstgelee : the rektoning [2015-12-10 20:38:34] habibi : actually this bot is pretty usefull [2015-12-10 20:39:18] zanza : wow the mega rekt [2015-12-10 20:39:43] zanza : First time spotted in the wild [2015-12-10 20:40:34] BitMEX_Sam : We've got sticky IDs on those in testnet, will make it to production soon [2015-12-10 20:41:09] zanza : 31k [2015-12-10 20:41:12] zanza : order up [2015-12-10 20:43:12] wurstgelee : wtf is happening [2015-12-10 20:43:28] wurstgelee : orders $2 below fair price? [2015-12-10 20:43:54] wurstgelee : k, fair price was stuck [2015-12-10 20:43:56] wurstgelee : oO [2015-12-10 21:03:12] TschavaTschigger : BitMEX_Sam: hey sam. If I make withdrawals, is each new withdrawal sent from a different bitcoin address? and if yes (which I suppose), is this unique address somehow relatable to my account from outside? [2015-12-10 21:04:00] BitMEX_Sam : TschavaTschigger: It's not strictly predictable, we send from whichever address we control has the funds [2015-12-10 21:04:10] BitMEX_Sam : Optimizing for smaller txs [2015-12-10 21:04:36] BitMEX_Sam : Each account has a unique deposit address, but there is no outside information relating an address to an individual account [2015-12-10 21:06:16] TschavaTschigger : ok thanks [2015-12-10 21:07:23] sleger : smells like tax fraud [2015-12-10 21:09:08] habibi : do u know tax office that feels comfortable enought to seek into blockchain for users like us? [2015-12-10 21:14:07] sleger : habibi: what do you mean by "users like us?" [2015-12-10 21:15:16] habibi : lets say 1-200 btc holders/profit makers [2015-12-10 21:15:41] sleger : not everyone falls into that category [2015-12-10 21:15:51] habibi : sorry then [2015-12-10 21:16:19] sleger : i was just pointing out that his questions were very close to "can I use your exchange to launder bitcoins" [2015-12-10 21:20:30] TschavaTschigger : lmao.. just because I care about privacy this doesn't mean I don't pay taxes or "launder money" [2015-12-10 21:20:33] TschavaTschigger : please guys.. really [2015-12-10 21:21:10] sleger : Sorry, I was not accusing you directly of anything. But wondering what legitimate use there could be to do this. [2015-12-10 21:21:54] sleger : Transferring from one wallet to another that you can create already anonymize the owner of the bitcoins. What you want to remove here is traceability. [2015-12-10 21:22:07] habibi : simple:whaat if my gf connects me to my bitmex withdraw address so she will know that i have actually money and lied to her! :D [2015-12-10 21:22:37] habibi : but still there is no such one adress,bitmex uses deposit addresses as storage ones [2015-12-10 21:22:57] habibi : i think there is not exchange that do such a thing as u mention TschavaTschigger [2015-12-10 21:23:04] habibi : no* [2015-12-10 21:23:39] TschavaTschigger : habibi: yeah, makes sense. it's cool. just wanted to ask how they handle it. [2015-12-10 21:26:26] habibi : btw i love polish exchanges, we have pretty new option to withdraw money from casual atm's all over the Poland for like 3$/6$ depends on ammount. with no verification at exchanges till 15k eur is passed yearly [2015-12-10 21:28:01] habibi : just send coins to exchange,sell them, make a atm withdraw, get a pin on telephone, enter it at atm, get money. [2015-12-10 21:28:33] TschavaTschigger : habibi: wait what? you can withdraw your bitcoins as euro-cash from atm without verification? that's completely insane [2015-12-10 21:29:05] habibi : basically as a poland zloty, but limits are said in euro due to its european AML and KYC laws [2015-12-10 21:29:56] habibi : yea, polish exchanges are fighting hard, they used to not require verification, then every single one required, and now its again without on some of them [2015-12-10 21:30:35] habibi : and thats not insane, thats great. better option than dealing with localbitcoin buyers [2015-12-10 21:31:44] BitMEX_Sam : That's pretty impressive. There are some ATMs around the US but they usually operate the other way around [2015-12-10 21:31:51] TschavaTschigger : as soon as there is real money withdrawal involved, every exchange needs to have verification imho [2015-12-10 21:31:52] BitMEX_Sam : And have a pretty ridiculous spread. [2015-12-10 21:32:11] habibi : i mean when u do withdraw u enter whole ur data like name/adress and phone number. but its just for 3rd party withdraw company require [2015-12-10 21:32:14] BitMEX_Sam : In fact, there's one in the Sektor5 space in Wien [2015-12-10 21:34:08] habibi : TschavaTschigger: daily limits for withdraw are about 3k usd in 5 separate withdraws http://scr.hu/9xvi/6dezm daily volumes on major polish exchanges. [2015-12-10 21:35:31] habibi : BitMEX_Sam: yep, u just sell coins on the exchange with basically same price atm as on finex or sometimes lower by 2-4 dollars.depends how wild/calm btc price action is [2015-12-10 21:37:34] TschavaTschigger : on the other hand.. if one wants to sell bitcoins for fiat without identity check, he could just use localbitcoins.com [2015-12-10 21:39:42] habibi : yep thats the old school way :p but working good as well, just always lower price than exchanges like 3-5% - profit of buyers [2015-12-10 21:43:09] TschavaTschigger : but honestly, who in here wants to sell btc? we all know bitcoins are the future :P ;) [2015-12-10 21:43:55] habibi : TschavaTschigger: i dont know man, ask these people http://scr.hu/9xvi/aaphn [2015-12-10 21:45:45] TschavaTschigger : habibi: they are just hedging cause they have tons of spot [2015-12-10 21:56:30] podizzler3k : another beautiful day here in seychelles [2015-12-10 22:56:11] REKT : Liquidated long on XBT24H: Sell 1 @ 417.85 [2015-12-10 23:00:27] sleger : ^^ oh rapidtrades got liquidated [2015-12-10 23:01:40] habibi : shieet, acount wiped [2015-12-10 23:07:42] wurstgelee : haha :D [2015-12-10 23:08:00] wurstgelee : bitcoin is a fucking tease tonight [2015-12-10 23:08:12] wurstgelee : i wants up tho [2015-12-10 23:08:31] wurstgelee : china should engage soon according to schedule ;) [2015-12-10 23:28:11] REKT : Liquidated long on XBT24H: Sell 1 @ 417.49 [2015-12-10 23:28:21] REKT : Liquidated long on XBT24H: Sell 200 @ 417.41 [2015-12-10 23:42:21] podizzler3k : thats ok rapidtrades hedged that 1 contract with an arbitrage. as soon as it fills he'll be back to breakeven [2015-12-10 23:59:21] REKT : Liquidated long on XBT24H: Sell 1388 @ 416.36 [2015-12-11 00:45:43] TschavaTschigger : podizzler3k: lol [2015-12-11 01:11:21] jung1 : REKT should be gold [2015-12-11 01:17:09] sleger : colors are given, not chosen [2015-12-11 01:21:06] jung1 : too bad that theres no 6m ltc contracts [2015-12-11 01:21:39] jung1 : LTC is much easier to double or ever triple price [2015-12-11 01:26:40] SnackyCoins : lol [2015-12-11 01:26:41] SnackyCoins : wat [2015-12-11 01:26:56] habibi : heh pussy [2015-12-11 01:26:57] SnackyCoins : aaand it's gone [2015-12-11 01:27:08] habibi : yea right after i touch it [2015-12-11 01:27:11] SnackyCoins : i was so tempted to close into that [2015-12-11 01:27:18] habibi : me too. [2015-12-11 01:27:19] habibi : a bit [2015-12-11 01:31:13] jung1 : have you seen that? http://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/12/20151208_btc1_0.jpg [2015-12-11 01:44:32] REKT : Liquidated short on XBT24H: Buy 2179 @ 422.29 [2015-12-11 01:44:55] jung1 : nice green dildo on huobi [2015-12-11 01:45:05] ethexio : heck yeah, Haas has most of BitMEX integration working. [2015-12-11 01:45:24] podizzler3k : shit where did i put my moonboots [2015-12-11 01:45:28] ethexio : At least orderbooks. Still weirdnesses but it's a good start [2015-12-11 01:45:56] sleger : lol that's like saying I found a pen, now need to learn how to write [2015-12-11 01:47:32] REKT : Liquidated long on XBT24H: Sell 1000 @ 421.32 [2015-12-11 01:47:42] podizzler3k : haha wow [2015-12-11 01:47:52] podizzler3k : that was quick [2015-12-11 01:48:37] messiaen8844 : Drumroll........... [2015-12-11 01:48:52] REKT : Liquidated long on XBT7D: Sell 200 @ 422.70 [2015-12-11 01:49:26] ethexio : Returning market BitMEX XBT/USD (XBT24H) from 1/1/1970 12:00:00 AM until 1/1/1970 12:00:00 AM (0ms) [2015-12-11 01:49:32] ethexio : wut [2015-12-11 01:51:01] habibi : Bitmex - best bitcoin derivatives since 1970 [2015-12-11 01:52:12] sleger : sounds like rapidtrades became an algo [2015-12-11 01:54:26] jung1 : yup [2015-12-11 01:54:38] jung1 : bitmex is bitcoin goldman sachs [2015-12-11 02:02:03] sleger : what does that mean ? GS is a bank not an exchange [2015-12-11 02:06:21] laisee : Bitmex is the BSD of exchanges [2015-12-11 02:08:26] laisee : ... for crypto derivs, that is. [2015-12-11 02:29:09] zanza : I think rapidtrades moved to Finex [2015-12-11 02:31:56] sleger : you saw a trade for 0.004 btc ? [2015-12-11 02:32:07] messiaen8844 : zanza: maybe. Do they have a trollbox? [2015-12-11 02:34:05] podizzler3k : yeah hes on finex now i think we rekt him for good [2015-12-11 02:34:10] podizzler3k : anyone here on twitter? [2015-12-11 02:34:24] podizzler3k : follow me @cryptogoblin [2015-12-11 02:34:28] messiaen8844 : Lets see if rocket to moon leavestoday [2015-12-11 02:34:49] podizzler3k : https://twitter.com/CryptoGoblin [2015-12-11 02:35:01] podizzler3k : messiaen8844 target still 2900? [2015-12-11 02:35:35] messiaen8844 : 2900-3300 [2015-12-11 02:36:32] messiaen8844 : More yuan devalutaion, we got fundamentals... [2015-12-11 02:39:07] podizzler3k : yep i seen it hit 2.4 [2015-12-11 02:48:40] messiaen8844 : 5h for wchipp settlement [2015-12-11 02:49:34] messiaen8844 : Someone shared this, cool resource:http://getjumbucks.com/settlement/ [2015-12-11 03:03:40] j8 : get some jumbucks while you're at it! [2015-12-11 03:05:17] podizzler3k : pff ha [2015-12-11 03:06:06] jung1 : someone should make guide how to take profit from settlements [2015-12-11 03:06:17] podizzler3k : im oldschool im still holding my namecoin devcoin ixcoin and tenebrix [2015-12-11 03:06:24] podizzler3k : gonna moon any day now [2015-12-11 03:07:21] jung1 : heh oldschool [2015-12-11 03:07:48] jung1 : Me too [2015-12-11 03:08:37] jung1 : pump is comming? [2015-12-11 03:10:00] laisee : still holding DOGE ... woof woof [2015-12-11 03:10:30] jung1 : but all that pump and dump shitcoins still exist [2015-12-11 03:10:40] jung1 : I found exchange called yobit [2015-12-11 03:10:55] jung1 : and they add like one new coin per week [2015-12-11 03:11:01] micmix : laisee: nice, I'm still shorting DOGE from 100+ satoshi :-) [2015-12-11 03:11:25] jung1 : today coin called ANAL wa pump around 5500% [2015-12-11 03:11:42] laisee : micmix> damn, taking pennies from pocket every day ... [2015-12-11 03:13:03] cekseh : Rekt bot died? [2015-12-11 03:13:19] micmix : I like pennies, they jingle nicely :-) [2015-12-11 03:14:02] jung1 : cekseh: nah. rapidtrades go away and everyone else make stoploss [2015-12-11 03:14:09] jung1 : so theres no margin calls [2015-12-11 03:14:22] cekseh : Ahh now I get it [2015-12-11 03:14:29] micmix : no, REKT bot looks good, we cleared all high-margin shorts by now [2015-12-11 03:14:34] jung1 : micmix: same. But like 2y ago was real wild west of altcoins [2015-12-11 03:14:57] jung1 : new coin every week [2015-12-11 03:15:03] jung1 : huge pumps [2015-12-11 03:15:41] micmix : jung1: yep, I remember. I started trading alts a bit later, March 2014 [2015-12-11 03:16:06] micmix : crazy times, 200% daily P&L :-) [2015-12-11 03:16:30] jung1 : now most of projects make crowdfunding and then disappear [2015-12-11 03:16:44] jung1 : then they make coin, pump it and dump it [2015-12-11 03:16:57] jung1 : free market at it finest [2015-12-11 03:18:21] micmix : yep, only few ppl are really innovating in the altcoin space. and I think most useful innovations will end in bitcoin anyway [2015-12-11 03:18:29] micmix : * end up in bitcoin [2015-12-11 03:19:48] jung1 : I think that bitshares, ethereum, xrp and maybe dash are here to stay [2015-12-11 03:20:18] jung1 : but people dont want innovation. they need stable, boring coin for everyday use [2015-12-11 03:20:20] laisee : heh, funny how some bitcoin developers dump on "alt" coins but they take the features into Bitcoin still. [2015-12-11 03:21:00] jung1 : now is good price for eth imo [2015-12-11 03:21:18] jung1 : also Im rebought some xrp [2015-12-11 03:21:41] jung1 : '16 will be awesome [2015-12-11 03:21:50] jung1 : another pump [2015-12-11 03:21:53] jung1 : another satoshi [2015-12-11 03:21:56] laisee : yep, ETH might possibly make it [2015-12-11 03:24:00] jung1 : and always some new coin could appear. Like applecoin or something from western union/ebay [2015-12-11 03:26:15] laisee : I believe banks are getting ready for that possibility. Imagine Apple wants to run it's own payment network & coin to do business globally. Game changer . [2015-12-11 03:28:01] j8 : they already struggle with getting people to use apple pay. how does introducing a new currency help that [2015-12-11 03:28:50] jung1 : some discount in apple store [2015-12-11 03:28:53] jung1 : dunno [2015-12-11 03:29:08] jung1 : but its easier to make coin if you have community [2015-12-11 03:29:18] jung1 : than make community if you have coin [2015-12-11 03:29:30] zanza : Moon boys? [2015-12-11 03:30:11] jung1 : looks like gree dildo soon [2015-12-11 03:30:33] 24hourz : they can't match btc hashrate of the network [2015-12-11 03:32:26] zanza : bitcoin hash rate is out of control lately [2015-12-11 03:32:28] j8 : the gift card industry is alive and well. if there's some solution like coloured coins that reduces costs for them they might do it [2015-12-11 03:32:55] jung1 : yep [2015-12-11 03:33:02] laisee : j8> Apple use it for their payments instead of fiat. Large companies/Banks have massive treasury operations that could use netting instead of moving fiat. [2015-12-11 03:33:33] REKT : Liquidated short on XBT24H: Buy 3750 @ 425.96 [2015-12-11 03:33:55] jung1 : gift cards/tokens/loyality points it doesn not matter if it can transfer value [2015-12-11 03:35:30] j8 : laisee: but why do it in a currency associated with apple and not something universal? [2015-12-11 03:37:25] jung1 : look at paypal. they also have something like own currency. they just move numbers into their excel [2015-12-11 03:37:42] j8 : there is already apple stocks. throwing apple dollars into the mix seems unnecessary. [2015-12-11 03:38:51] j8 : jung1: sure, apple already has this too [2015-12-11 03:39:27] laisee : j8> less friction, less cost to run your own currency. [2015-12-11 03:39:51] jung1 : so you know. Basicly for average citizen there is no need for new currency but better payment system [2015-12-11 03:40:23] j8 : if it has a floating value, there are spreads / fees at every exchange [2015-12-11 03:40:30] jung1 : people dont give a fck about economy and how money works [2015-12-11 03:40:48] jung1 : they just want to move it fast and cheap [2015-12-11 03:40:55] laisee : yes, but not if you are netting payments internally across your company. [2015-12-11 03:42:40] laisee : j8> worked in one bank that had to process one Trillion dollars in gross payments each month. Big cost in moving money around inside the bank and managing risk etc. [2015-12-11 03:43:03] ayy lmao : looks like the bitmex user count has double since a few weeks ago [2015-12-11 03:43:08] ayy lmao : doubled [2015-12-11 03:44:15] j8 : ok, wasn't thinking about internal transfers. maybe there's a use case [2015-12-11 03:50:49] jung1 : ayy lmao: just started [2015-12-11 03:51:24] 24hourz : about to spring up [2015-12-11 03:51:29] 24hourz : lego [2015-12-11 03:56:09] zanza : https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= [2015-12-11 03:56:17] zanza : 1 Exahash coming soon [2015-12-11 04:02:14] laisee : zanza> surely time to find a new data center [2015-12-11 04:02:30] 24hourz : here we go [2015-12-11 04:09:08] podizzler3k : btc getting the rarified slow pump treatment [2015-12-11 04:09:27] 24hourz : here we go babby [2015-12-11 04:10:05] 24hourz : bears gonna get rekt [2015-12-11 04:21:04] zanza : gunna retet 2800 [2015-12-11 04:21:07] zanza : retest [2015-12-11 05:08:43] podizzler3k : 9 straight greens on the 30m [2015-12-11 05:20:25] j8 : always sell on the 10th, right [2015-12-11 05:37:44] REKT : Liquidated long on XBT24H: Sell 1000 @ 424.15 [2015-12-11 05:43:27] godweensatan : any news on the new Satoshi? [2015-12-11 05:44:44] REKT : Liquidated long on XBT24H: Sell 1700 @ 423.65