This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2015-12-28 01:59:23] BitMEX_Wally : billyboy402: What size position are you trying to get out of?
[2015-12-28 02:06:25] billyboy402 : If I have 20k it hard to get rid of it within the last hour
[2015-12-28 02:09:07] billyboy402 : I still rather okc way of settlement
[2015-12-28 02:11:49] billyboy402 : also we need volume on xbu . Year there liquidity . But the bot make it shit to trade . They place a order In front . They when I take a order . The bots remove the next order down . So yea it look nice but complete waste of time to trade it
[2015-12-28 02:18:41] billyboy402 : personly I rather see 5 humans order then the current 100 bots that look pretty and fill up the book but get pull the sec that I take 1 contract . Give false hope that your trading a type market with X liquidity but really is just a façade
[2015-12-28 02:20:24] billyboy402 : then ppl like my self . Deposit , try your service , then leave because it not suitable for them
[2015-12-28 02:22:36] wurstgelee : increasing volume and user numbers suggest it's working out tho
[2015-12-28 02:23:15] billyboy402 : also why it there no bots that hedge vs okc . Shortly some out there can sell the 3 months on bitmex $520 and buy okc $470 . But there shit load of bots to shit all over your trade and front run you with 1cent in front
[2015-12-28 02:23:50] TschavaTschigger : lol
[2015-12-28 02:25:20] billyboy402 : LOL worth count always front run me
[2015-12-28 02:26:59] ethexio : Front run the front runners. Battle the bots, we can win.
[2015-12-28 02:28:02] ethexio : It's us against them, band together. We are strong. Just do it. (Sponsored by Nike)
[2015-12-28 02:28:38] ethexio : I'm an ad bot, !help for more info
[2015-12-28 02:28:57] billyboy402 : personly I think you should remove all fees on xbu . Every one want to make the the 0.1% and there no taker . Then come settlement I going to have to pay 0.3% because there no way I can close more then 50 contracts xbu with out the bots pulling order or having slippage
[2015-12-28 02:29:10] ethexio : INVALID COMMAND
[2015-12-28 02:31:08] BitMEX_Wally : The settlement fee on XBU is 0.20%
[2015-12-28 02:32:59] Swedishnut : POTATO!!!
[2015-12-28 02:35:36] rapidtrades : China back above US on some exchanges...slowly back to normal
[2015-12-28 03:00:27] billyboy402 : i dont understand why there a a cost for bitmex to settle balance
[2015-12-28 03:01:02] billyboy402 : but 0.20% is still 10x more then other after i have just paid a fee to open it
[2015-12-28 03:01:24] BitMEX_Wally : Post some limit orders and you can enter and exit without paying a fee
[2015-12-28 03:02:15] rapidtrades : yeah fee to both open and close is a bit much imo
[2015-12-28 03:02:46] billyboy402 : there plenty of limit order already there , and i am only going to get front run from the bost , there a trade less then every 30 min .
[2015-12-28 03:02:55] rapidtrades : guess u have to do it this way to pay for limits but it's still way above even spot fees
[2015-12-28 03:03:29] billyboy402 : if there was no fees bots could trade each other , ( also it inpossiable to chart base of bitmex price as the mayu not be a trade for 3 hours
[2015-12-28 03:10:13] rapidtrades : biggest problem with it is short duration
[2015-12-28 03:11:05] rapidtrades : if it was 3 month or 6 month we'll only have to pay fees once plus the fomos will pay a small premium so in the end we may come ahead
[2015-12-28 03:12:58] rapidtrades : okc march is at $437 atm...not same thing cos there's clawback risk but you will definitely see some premium
[2015-12-28 03:37:21] Ugly_Old_Goat : Hello Fellas
[2015-12-28 03:37:52] Ugly_Old_Goat : I love the place and done moderately well the few weeks I have been here
[2015-12-28 03:38:07] Ugly_Old_Goat : But have some questions and perhaps you can help
[2015-12-28 03:38:45] Ugly_Old_Goat : I do not understand how the Fair Price Index is calculated
[2015-12-28 03:39:31] Ugly_Old_Goat : Like most of the weekend the Fair Price was at or below the major exchange rates
[2015-12-28 03:39:55] Ugly_Old_Goat : Now it is $5 to$8 above
[2015-12-28 03:40:09] Ugly_Old_Goat : Any idea why?
[2015-12-28 03:40:23] rapidtrades : it will tend to trade in the middle of bid/ask
[2015-12-28 03:40:48] habibi : its kindly the same as spot here
[2015-12-28 03:40:56] rapidtrades : so your question should be why are prices here not the same as on other exchanges
[2015-12-28 03:41:46] Ugly_Old_Goat : yes, but not really
[2015-12-28 03:41:50] rapidtrades : fair is only relevant if you're close to a margin call, otherwise bid/ask is the market
[2015-12-28 03:42:11] Ugly_Old_Goat : My real question is how is the Fair Price calculated?
[2015-12-28 03:42:47] Ugly_Old_Goat : Right now it is above Bitstamp and Biefinex
[2015-12-28 03:42:50] rapidtrades : fair follows market not the other way around
[2015-12-28 03:43:56] Ugly_Old_Goat : yes it follows the market, but today it went from a discount to a preimium.
[2015-12-28 03:44:00] Ugly_Old_Goat : Why?
[2015-12-28 03:44:13] rapidtrades : cos the market went from discount to premium
[2015-12-28 03:45:04] Ugly_Old_Goat : But the fair price is an index not a market
[2015-12-28 03:45:24] BitMEX_Arthur : Fair price is based on the bid ask of the futures contract
[2015-12-28 03:45:33] rapidtrades : no fair price is middle of market...the number next to it is the settlement index
[2015-12-28 03:45:45] sleger : Ugly_Old_Goat: https://www.bitmex.com/app/dynamicProfitEqualisation bottom of this page
[2015-12-28 03:45:47] rapidtrades : $428 is index
[2015-12-28 03:46:20] BitMEX_Arthur : sleger: you beat me to it :)
[2015-12-28 03:55:56] Ugly_Old_Goat : Thanks Fellas, I got it but still don't get it
[2015-12-28 03:58:01] rapidtrades : ....cos ur ignoring what I'm saying
[2015-12-28 04:00:15] rapidtrades : fair price just shows u where we're trading, it's not useful for anything unless you're about to get margin called
[2015-12-28 04:04:32] arbitrage001 : okcoin settlement model is flawed
[2015-12-28 04:04:52] arbitrage001 : okcoin i mean
[2015-12-28 04:04:59] arbitrage001 : okc
[2015-12-28 04:05:19] arbitrage001 : would advice not to trade future contract over there
[2015-12-28 04:05:32] REKT : Liquidated long on XBT24H: Sell 2500 @ 428.53
[2015-12-28 04:09:02] REKT : Liquidated long on XBT24H: Sell 1826 @ 427.93
[2015-12-28 04:09:12] REKT : Liquidated long on XBT24H: Sell 473 @ 427.86
[2015-12-28 04:10:32] REKT : Liquidated long on XBT24H: Sell 100 @ 427.57
[2015-12-28 04:10:32] REKT : Liquidated long on XBT24H: Sell 4000 @ 427.54
[2015-12-28 04:10:32] REKT : Abandon the ship
[2015-12-28 04:12:02] REKT : Liquidated long on XBT24H: Sell 6870 @ 426.93
[2015-12-28 04:42:56] micmix : small UI bug report for BitMEX_Sam: settlement fee is shown as a number 0.0005 instead of 0.05% in the instrument table. hover description is missing as well.
[2015-12-28 06:06:00] ethexio : Whee
[2015-12-28 06:06:12] billyboy402 : it say woodship when you say okc , is is a stuiped and shit thing bitmex does , but it there troll box
[2015-12-28 06:37:53] cekseh : Everyone welcome our newest troll, mr billyboy!
[2015-12-28 06:38:16] gouda : Fresh! okcoin
[2015-12-28 06:41:27] ethexio : Welcome..
[2015-12-28 06:43:40] ethexio : OKC0IN meh
[2015-12-28 07:07:20] chromaticcr : okcrap okcasino OhClawback whatever you name it
[2015-12-28 08:03:49] billyboy402 : cekseh: I AM NOT A TROLL . BUT I dont want to be dictaded in what i say and how i say it
[2015-12-28 08:05:38] cekseh : Get used to reality son. You are being allowed to use a website that doesn't belong to you. You will abide by however they decide to do things =)
[2015-12-28 08:08:16] billyboy402 : 1. I am not ur son . 2 . we are paying customer . they are using use to build wealth for them self . if they close down we would all move to the next exchange
[2015-12-28 08:15:17] laisee : billyboy402: > fork any exchange code on github and build your own exchange that has exactly the features u like. Freedom's just a download away ... ;-)
[2015-12-28 08:17:26] cekseh : The only freedom you have is the freedom to leave, son. You are still being allowed to use someone else's platform to probably lose your lunch money.
[2015-12-28 08:18:28] cekseh : When you learn how to use the internet certain things will become clear, a big one is that anyone can tell you how to behave on their platform/game/forum, or they can just remove you.
[2015-12-28 08:20:12] cekseh : Then you get the option to spend some of the valuable seconds left in your life evading bans and doing it again =)
[2015-12-28 09:04:46] REKT : Liquidated long on XBT7D: Sell 2150 @ 431.51
[2015-12-28 09:05:06] REKT : Liquidated long on XBT24H: Sell 15020 @ 427.47 <b>MEGA-REKT</b>
[2015-12-28 09:11:16] REKT : Liquidated long on XBT24H: Sell 200 @ 426.77
[2015-12-28 09:11:36] REKT : Liquidated long on XBT7D: Sell 1 @ 426.05
[2015-12-28 09:11:36] REKT : Big whale detected
[2015-12-28 09:11:36] REKT : Liquidated long on XBT24H: Sell 1000 @ 425.86
[2015-12-28 09:11:36] REKT : Liquidated long on XBT24H: Sell 100 @ 425.86
[2015-12-28 09:12:31] chromaticcr : rekt time
[2015-12-28 09:14:40] micmix : everyone's getting REKTified
[2015-12-28 09:16:08] chromaticcr : i wonder if the santabot this morning will get bu
[2015-12-28 09:16:12] chromaticcr : bust*
[2015-12-28 09:17:34] chromaticcr : Fair Basis Rate 2236%
[2015-12-28 09:17:39] chromaticcr : someone wake me up
[2015-12-28 09:20:55] micmix : chromaticcr: no, the 2k bot that was quoting with big premium should be ok. it bought maybe 10k-20k @ $430, and we went higher later so it probably sold most of it
[2015-12-28 09:42:07] rapidtrades : gm fellas
[2015-12-28 09:42:14] chromaticcr : yo rt
[2015-12-28 10:19:07] TschavaTschigger : morning
[2015-12-28 11:04:50] rapidtrades : sup
[2015-12-28 11:50:01] sleger : Stupidest time of the day has come : hello longs, time to close before settlement to save on fees
[2015-12-28 12:12:31] rapidtrades : noone's selling
[2015-12-28 12:12:57] sleger : very little, I was only able to offset about 10k
[2015-12-28 12:31:12] TschavaTschigger : big props to @sleger for still believing in our community
[2015-12-28 12:33:18] TschavaTschigger : I gave up.. I am now getting rid of my positions before settlement.
[2015-12-28 12:36:59] laisee : been doing it that way as often as I can for months now.
[2015-12-28 12:37:39] laisee : no good surprises in settlement here., sadly ..
[2015-12-28 12:48:55] cataquil : you really got to get those exit limits in a few hours before settlement
[2015-12-28 12:49:16] cataquil : sucks if there are any good moves 11-12 umt
[2015-12-28 12:57:17] lockhedge : added real-time latency data to BIX alpha https://robotfinance.org/bix/
[2015-12-28 12:58:14] lockhedge : latency data currently only comes from my Frankfurt based server, will add more locations (and features) soon
[2015-12-28 12:58:50] habibi : go micmix fuck up this bot again ! :p
[2015-12-28 13:11:47] TschavaTschigger : lockhedge: surprised about the high latency to finex, frankfurt-milano shouldn't be that much
[2015-12-28 13:12:24] TschavaTschigger : also, kraken is in ireland, should be <50
[2015-12-28 13:12:29] TschavaTschigger : < 50
[2015-12-28 13:18:39] lockhedge : Bitfinex is very unstable, Kraken is also very surprising to me, maybe they have DDoS issues again - will add latency stats/charts at a later stage
[2015-12-28 13:29:38] TschavaTschigger : finex is unstable? really? are you pulling or using ws?
[2015-12-28 13:30:09] TschavaTschigger : it's 100% rockstable for me via ws
[2015-12-28 13:31:50] TschavaTschigger : how are you measuing the latency?
[2015-12-28 14:03:27] gielbier : anyone got a clue what the fairprice / market price api endpoints are?
[2015-12-28 14:05:01] justinlooking : /instrument i think. 1 sec
[2015-12-28 14:06:23] gielbier : aah great! ty :)
[2015-12-28 14:06:25] gielbier : https://www.bitmex.com/api/v1/instrument?symbol=XBT24H :)
[2015-12-28 14:07:06] justinlooking : nice one
[2015-12-28 14:07:45] gielbier : messing a bit with the api atm, but it seem most nodejs stuff is either deprecated, or removed
[2015-12-28 14:08:09] gielbier : but i'm not unhappy with this http://i.imgur.com/RJl7IgO.png
[2015-12-28 14:08:48] sleger : @admin : there seems to be more than just myself complaining about settlement fees, maybe it is not just a "moot point" anymore ?
[2015-12-28 14:09:12] gielbier : just kind of missed the "fair price" etc in that dataset
[2015-12-28 14:09:19] justinlooking : nice, what u write it in? I have done some curses stuff with termbox for go recently, was a pleasant experience...
[2015-12-28 14:11:35] gielbier : nodejs ofc :)
[2015-12-28 14:12:13] gielbier : im writing a api wrapper atm. packages on npm don't work good enough
[2015-12-28 15:15:50] TschavaTschigger : justinlooking: started to learn python a few days ago :D fukk my life this language is clean, smooth and easy
[2015-12-28 15:27:20] justinlooking : TschavaTschigger: wicked :)
[2015-12-28 15:28:48] gielbier : only thing i dont like about python is the ident syntax
[2015-12-28 15:29:09] TschavaTschigger : i love the indent syntax
[2015-12-28 15:29:16] chromaticcr : +1 to the indentation, some prefer 4 ' ', some 8 some tab
[2015-12-28 15:29:19] chromaticcr : hell lotta trouble
[2015-12-28 15:29:52] justinlooking : *cough* 2 *cough*
[2015-12-28 15:30:04] gielbier : nah then i need to turn the ide to do background color on tabs.
[2015-12-28 15:30:25] TschavaTschigger : I am just so overwhelmed by doing stuff for which I need 20 lines in Java in only 4-5 lines... and java is already high-level
[2015-12-28 15:31:18] gielbier : java is verbose as hell
[2015-12-28 15:43:02] REKT : Liquidated long on XBT24H: Sell 700 @ 424.43
[2015-12-28 15:57:00] Swedishnut : Dow and S&P getting pummeled below the 2050. Current is 2043 SP with further pressures down.
[2015-12-28 16:00:56] laisee : TschavaTschigger: > Python is v.nice language. You may never go back ...
[2015-12-28 16:01:07] rapidtrades : it's only 0.79% relax
[2015-12-28 16:01:12] rapidtrades : hardly pummeled
[2015-12-28 16:03:21] gielbier : laisee: until you walk away from your workstation and someone does a space/tab replace...
[2015-12-28 16:04:02] REKT : Liquidated long on XBT24H: Sell 8500 @ 423.48
[2015-12-28 16:08:46] laisee : gleiber> ah, thats what IDE settings are for. I don't use Tabs, so thats one good thing ;-)
[2015-12-28 16:15:19] cataquil : python has really good libraries
[2015-12-28 16:15:49] cataquil : syntax is not that clean imho
[2015-12-28 16:18:37] TschavaTschigger : it's fun to code though. java is really hard to get going, especially for small projects or when you are trying out something... and I don't know any other languages, I guess matlab/eviews/maple don't really count in that regard
[2015-12-28 16:20:46] cataquil : isn't eclipse easy to use for java? I usually use c# on visual studio
[2015-12-28 16:21:02] cataquil : but I can use python tools and step right into mmbot
[2015-12-28 16:23:06] TschavaTschigger : i use intellij, it's a fantastic ide. but still, creating small projects is much more effort in java than python for example. maybe I'm just too stupid though.
[2015-12-28 16:23:16] TschavaTschigger : the hardest part about java is maven :D
[2015-12-28 16:24:51] cataquil : jetbrains make some great tools
[2015-12-28 16:25:08] TschavaTschigger : I am just downloading pycharm :D
[2015-12-28 16:25:22] cataquil : I do like webstorm for angular
[2015-12-28 16:26:01] cataquil : yep I downloaded it but I saw python tools well supported in vs2015
[2015-12-28 16:26:14] cataquil : can switch python version, integration with pip
[2015-12-28 16:34:43] TschavaTschigger : I am just not sure if python is fast enough for the stuff I am doing, have multiple big lists on which I need to do operations every few milliseconds.. in Java there are special libs which allow me to create high-performance lists that store primitives (the standard collection lib is very slow).. not sure if I can get the same speed in py
[2015-12-28 16:42:29] sleger : depends what kind of operations ?
[2015-12-28 16:47:00] TschavaTschigger : pretty much all kinds. have normal lists where I insert/change/remove entries with certain index, or sort them. have fixed-size queues. have large hashmaps where I need fast put/get. ordered maps, ordered sets...
[2015-12-28 16:47:05] TschavaTschigger : guess I will just find out
[2015-12-28 16:49:12] sleger : Most of the underlying code is C++ so if you use the right object/library it should be fast
[2015-12-28 17:05:27] justinlooking : TschavaTschigger: it can bog down very quickly when async.
[2015-12-28 17:07:52] cataquil : how long will bm throw 503 after settlement
[2015-12-28 17:09:02] TschavaTschigger : Sam/Wally, are you here?
[2015-12-28 17:10:03] HowDoge : whoever made BIX, thanks :) you should plot it to a chart
[2015-12-28 17:14:17] TschavaTschigger : HowDoge: it was lockhedge :)
[2015-12-28 17:16:01] HowDoge : its very helpful :) thanks Lockhedge
[2015-12-28 17:16:40] BitMEX_Sam : TschavaTschigger: Yeah, what's up?
[2015-12-28 17:18:42] TschavaTschigger : BitMEX_Sam: have a little request. I am trying to use the "active orders" tab to get a quick overview of my active orders (sounds logical so far). However, the orders there are sorted by time, not my status... so sometimes I have to scroll down through 4-5 canceled orders to find active orders.. maybe you can put status as 1st sort-priority and time as 2nd? so we have the active orders on top?
[2015-12-28 17:19:22] TschavaTschigger : I know i can clear them manually, but still
[2015-12-28 17:19:44] BitMEX_Sam : Yeah, that's understandable
[2015-12-28 17:19:49] BitMEX_Sam : I'll add a ticket for it.
[2015-12-28 17:20:25] TschavaTschigger : makes more sense if we can see the active orders first on the "active orders" tab, not the canceled ones
[2015-12-28 17:20:26] TschavaTschigger : thanks
[2015-12-28 17:20:55] wurstgelee : or simply two checkboxes to filter canceld and filled orders....
[2015-12-28 17:20:59] wurstgelee : *e
[2015-12-28 17:21:02] wurstgelee : ;)
[2015-12-28 17:21:10] gielbier : sup mr wurst
[2015-12-28 17:21:24] TschavaTschigger : or that :)
[2015-12-28 17:22:09] wurstgelee : gielbier: not much, home from work 5 mins ago, mixed a gin tonic, now couching ;)
[2015-12-28 17:24:23] gielbier : nice
[2015-12-28 17:24:39] wurstgelee : last working day for this year =)
[2015-12-28 17:25:06] gielbier : still 2 day to go here
[2015-12-28 17:25:15] wurstgelee : also dash might finally get a pump now, feels like i am bagholding it since.... forever :|
[2015-12-28 17:25:26] wurstgelee : meh @ 2 days
[2015-12-28 17:25:43] gielbier : nah its rather chill tbh
[2015-12-28 17:25:57] gielbier : not many ppl, work gets done
[2015-12-28 17:26:58] wurstgelee : had almost the same today. almost no people.
[2015-12-28 17:27:05] wurstgelee : but didnt get anything done
[2015-12-28 17:27:08] gouda : anyone else chart messed up in bitmex
[2015-12-28 17:27:09] wurstgelee : oO
[2015-12-28 17:27:16] gouda : i only see volume but no candles
[2015-12-28 17:27:26] gouda : anyone know how to turn candles back on
[2015-12-28 17:27:26] wurstgelee : nope, looks fine
[2015-12-28 17:27:55] coolcatgee : right click chart, "Reset Chart"
[2015-12-28 17:28:13] gouda : first thing i did :D
[2015-12-28 17:28:26] gouda : http://prntscr.com/9jiiu6
[2015-12-28 17:28:58] coolcatgee : click and drag the price indicator on the right
[2015-12-28 17:29:06] coolcatgee : your price is outofbounds
[2015-12-28 17:29:42] coolcatgee : or left click the chart and drag your mouse up
[2015-12-28 17:29:53] gouda : http://prntscr.com/9jijil
[2015-12-28 17:29:55] gouda : nope
[2015-12-28 17:30:10] coolcatgee : hmm
[2015-12-28 17:30:21] gouda : logging out didn't fix it either
[2015-12-28 17:30:27] coolcatgee : restart browser?
[2015-12-28 17:30:31] gielbier : who is the api dev from bitmex?
[2015-12-28 17:30:44] BitMEX_Sam : gielbier: I am
[2015-12-28 17:30:58] BitMEX_Sam : gouda: Sounds like a TradingView bug, you can likely fix it by opening a console and:
[2015-12-28 17:31:03] BitMEX_Sam : `localStorage.clear()`
[2015-12-28 17:31:22] BitMEX_Sam : then refresh.
[2015-12-28 17:31:33] gouda : thanks for the help.. looks like issue with firefox
[2015-12-28 17:31:39] gouda : chrome works
[2015-12-28 17:31:43] gielbier : BitMEX_Sam: can you please auth when headers are send on public apis
[2015-12-28 17:31:49] gielbier : remove
[2015-12-28 17:32:15] BitMEX_Sam : I'm curious, why does it matter?
[2015-12-28 17:32:32] BitMEX_Sam : All requests, public or private, are ratelimited
[2015-12-28 17:33:42] gielbier : because i can do https://www.bitmex.com/api/v1/instrument?symbol=XBT24H without valid apikey. but if I set apikey header. auth gets enfornced
[2015-12-28 17:34:09] gielbier : seems like a waste
[2015-12-28 17:34:22] BitMEX_Sam : Yes, auth is used for ratelimiting. We generally fail hard rather than silently do the wrong thing. If you sent invalid credentials, you might be ratelimited prematurely
[2015-12-28 17:34:45] BitMEX_Sam : It doesn't cost a significant amount on our end. If you are concerned about it simply don't send the headers.
[2015-12-28 17:35:36] gielbier : nah. i mean more the point that you still have auth stuff running on public apis. so it messed with nodejs stuff, setting default headers for testing
[2015-12-28 17:36:09] BitMEX_Sam : Sorry but this is the way it has to work, we use the auth to allow higher ratelimits for users who have requested them
[2015-12-28 17:36:21] BitMEX_Sam : We don't like to fail silently, so if invalid credentials are set we intend for a 401 to be sent.
[2015-12-28 17:36:56] BitMEX_Sam : As for Node, perhaps you haven't seen https://github.com/BitMEX/api-connectors/tree/master/official/node
[2015-12-28 17:40:09] gielbier : yeah i saw that one
[2015-12-28 18:12:56] cataquil : Sam: on DPE page, how is bankruptcy price initially determined? ie long $100 liquidation price 99.50... so I assume liquidation price is the stoploss. but bankruptcy price is 0.50 lower, why there initially.
[2015-12-28 18:13:28] cataquil : I realize if there is anything in insurance fund it will be added to bankruptcy price
[2015-12-28 18:27:20] micmix : BitMEX_Sam: was BitMEX down for couple minutes at 2015-12-28T13:08:24.218Z or is it something on my side?
[2015-12-28 18:41:17] sleger : i saw the website down couple of minutes too earlier today'
[2015-12-28 18:42:46] nn_ : Hi anyone trading XBT here
[2015-12-28 18:43:40] Sunray091 : Oh cool IRC mirrors the trollbox
[2015-12-28 18:48:51] TschavaTschigger : micmix: 13:08 UTC? my logs don't show any disconnects
[2015-12-28 19:19:17] macios15 : sooo boring
[2015-12-28 19:27:51] cekseh : https://i.gyazo.com/f1c09d89be370a46c62b16268b76391a.png
[2015-12-28 19:32:07] micmix : TschavaTschigger: websocket didn't disconnect but I was getting timeouts from the REST API, maybe proxy problems
[2015-12-28 19:32:28] TschavaTschigger : micmix: didn't have any problems, checked logs
[2015-12-28 19:32:42] TschavaTschigger : and I was using rest
[2015-12-28 19:33:05] micmix : TschavaTschigger: ah ok, thanks, must be something here
[2015-12-28 19:40:36] REKT : Liquidated long on XBT24H: Sell 1408 @ 421.49
[2015-12-28 19:40:37] REKT : Liquidated long on XBT24H: Sell 1000 @ 420.99
[2015-12-28 19:47:06] rapidtrades : so no premium at all today huh? cmooooon buy some :)
[2015-12-28 19:49:28] rapidtrades : bitcoin so cheap here :)
[2015-12-28 19:52:43] habibi : are u retarted
[2015-12-28 19:52:47] habibi : or are u rapidtrades?
[2015-12-28 19:55:07] REKT : Liquidated long on XBT24H: Sell 100 @ 420.39
[2015-12-28 19:56:07] REKT : Liquidated long on XBT24H: Sell 2 @ 418.69
[2015-12-28 19:56:07] REKT : Big whale detected
[2015-12-28 19:56:07] REKT : Liquidated long on XBT24H: Sell 300 @ 418.65
[2015-12-28 19:57:38] micmix : I'd be happy to buy some more but no one is selling
[2015-12-28 19:57:51] rapidtrades : good
[2015-12-28 20:01:00] laisee : wait for next dump. another 2 or 300 for sale then.
[2015-12-28 20:09:49] rapidtrades : tbe unrealized PnL for the march contract is since Friday?
[2015-12-28 20:10:56] justinlooking : yes it's rebalanced on fridays
[2015-12-28 20:11:11] rapidtrades : ok tnx
[2015-12-28 20:20:22] sleger : you still didnt know that ??????
[2015-12-28 20:25:40] cataquil : provocative=default
[2015-12-28 20:26:20] cataquil : Bix thanks for making pusher open
[2015-12-28 20:41:36] rapidtrades : I'm desperate for attention so I have to reply to anything smone special says and use a lot of question marks????????
[2015-12-28 20:41:47] zanza : ????
[2015-12-28 20:49:55] justinlooking : no love at btcc
[2015-12-28 21:53:09] REKT : Liquidated short on XBT24H: Buy 500 @ 423.07
[2015-12-28 22:04:19] rapidtrades : cataquil: whats pusher
[2015-12-28 22:09:06] sleger : how is your bot progressing ?
[2015-12-28 23:07:58] cataquil : rapidtrades: websocket channel for BIX
[2015-12-28 23:08:22] cataquil : https://github.com/pusher/pusher-js
[2015-12-28 23:12:37] Swedishnut : Nice digest :)
[2015-12-28 23:14:49] micmix : cataquil: pusher is not bad, I was using it with Cryptsy. some disconnects here and there but generally stable
[2015-12-28 23:24:57] ag580108 : Is this exchange better then ok coin??
[2015-12-28 23:30:59] cataquil : the php script doesn't include as much data as just calling the pusher script in the webpage
[2015-12-28 23:36:47] BitMEX_Sam : ag580108: Definitely
[2015-12-28 23:48:34] SlinQ : bitmex is one of the best exchanges i've seen
[2015-12-28 23:54:54] zanza : definitely best interface SlinQ
[2015-12-28 23:57:10] TschavaTschigger : guys, if you have problems with bitmex website on android due to heavy JS, try puffin
[2015-12-28 23:57:21] TschavaTschigger : it's incredibly fast and smooth
[2015-12-28 23:58:14] TschavaTschigger : orderbook moving smooth on my galaxy s2... with chrome I have no chance
[2015-12-29 00:03:13] zanza : galaxy s2 what year is this?
[2015-12-29 00:11:33] TschavaTschigger : 2016 I'll buy a new phone
[2015-12-29 00:17:48] Universe : lol
[2015-12-29 01:04:39] cataquil : puffin looks like a bunch of flash dev last ditch shot at staying on the phone
[2015-12-29 01:23:51] TschavaTschigger : the browser is awful, but very fast. I don't use it for browsing, just for heavy js sites
[2015-12-29 01:39:08] rapidtrades : China sets the Yuan reference rate at 6.4864 against the US Dollar, 6.4750 prioR
[2015-12-29 02:09:35] chromaticcr : here we go again
[2015-12-29 02:09:48] habibi : chromaticcr: wheere?
[2015-12-29 02:10:01] chromaticcr : oh i mean USDCNY
[2015-12-29 02:10:27] chromaticcr : been like a stable rate for a week
[2015-12-29 02:13:34] REKT : Liquidated long on XBT24H: Sell 1000 @ 422.53
[2015-12-29 02:43:25] ag580108 : made over $600 today by following signals from http://bitpredicts.com/ and twitters :)
[2015-12-29 02:45:49] cekseh : https://ixquick.com/do/search?q=bitpredicts
[2015-12-29 02:46:01] cekseh : I think you are being disingenuous.
[2015-12-29 02:46:03] cekseh : =)
[2015-12-29 02:46:45] j8 : lol
[2015-12-29 02:46:48] SnackyCoins : lol cek
[2015-12-29 02:47:02] SnackyCoins : @Bitmex_Arthur i think we got a spambot
[2015-12-29 02:47:30] j8 : stay at home mom makes $12732 a week using this one simple trick!
[2015-12-29 02:48:49] habibi : ag580108: made 1200$ today by playing against bitrpedicts
[2015-12-29 02:49:24] SnackyCoins : nobody made shit today because we haven't gone anywhere 8)
[2015-12-29 02:49:46] macios15 : SnackyCoins: +1 fucking boring
[2015-12-29 02:50:23] habibi : SnackyCoins: lier!
[2015-12-29 02:50:48] SnackyCoins : spot moved more than we did
[2015-12-29 03:23:07] Swedishnut : Spot runs outside and chases sticks :)
[2015-12-29 03:53:08] JDUB99 : hi question about xbu7d
[2015-12-29 03:53:21] JDUB99 : why do I have realized PNL when my position is still open?
[2015-12-29 03:54:09] JDUB99 : do I get charged or rewarded for holding a position?
[2015-12-29 03:59:23] Swedishnut : if your short and it ges down reward. and visa versa for holding
[2015-12-29 04:07:50] JDUB99 : even though i still have unrealized PNL?
[2015-12-29 04:08:33] JDUB99 : so does that mean by holding a winning for a year, I get rewarded even if that position becomes a loss later?
[2015-12-29 04:09:07] JDUB99 : and why does it seem like my reward is so much larger than my penalty ratio?
[2015-12-29 04:12:01] JDUB99 : is there somewhere I can read up on the policy for realized PNL?
[2015-12-29 04:21:27] BitMEX_Arthur : JDUB99: Unrealised PNL is the difference between your entry price and the Mark Price
[2015-12-29 04:21:45] BitMEX_Arthur : You only realise PNL once you have closed a position
[2015-12-29 04:30:11] JDUB99 : thats the thing is that I have realized PNL even though my position is still open
[2015-12-29 04:30:18] JDUB99 : is it froma previous position?
[2015-12-29 04:48:07] BitMEX_Arthur : JDUB99: yes it will show life to date realised pnl for that symbol
[2015-12-29 04:48:44] BitMEX_Arthur : say you bought 10 at 100 and sold 1 at 110, your realised pnl would be 1 and your unrealised pnl 9
[2015-12-29 04:49:07] BitMEX_Arthur : 10 and 90 for the pnl
[2015-12-29 04:55:41] JDUB99 : ok i see it, thanks arthur!
[2015-12-29 05:47:27] kingscrown : make 100 #bitcoin before halving guide - http://fuk.io/how-to-make-100-btc-within-5-months-earn-bitcoins-before-halving-in-2016/
[2015-12-29 06:04:08] zanza : click my referral links lol
[2015-12-29 06:14:38] REKT : Liquidated long on XBT24H: Sell 100 @ 419.39
[2015-12-29 06:44:52] ethexio : eep
[2015-12-29 06:54:13] zanza : the new XBU seems really popular so far
[2015-12-29 08:26:11] REKT : Liquidated long on XBT24H: Sell 1888 @ 419.75
[2015-12-29 09:00:57] rapidtrades : good morning REKT!
[2015-12-29 09:06:41] Gomezpl : morning
[2015-12-29 09:06:48] Gomezpl : but its 10.06:)
[2015-12-29 10:18:03] REKT : Liquidated short on XBT24H: Buy 8 @ 421.70
[2015-12-29 11:00:12] sleger : "BitMEX_Arthur: You only realise PNL once you have closed a position" that was wrong by the way
[2015-12-29 11:02:45] BitMEX_Arthur : sleger: How so he asked about XBU contracts, there is no rebalancing, so you only realise pnl when you close a positino
[2015-12-29 11:02:48] BitMEX_Arthur : position
[2015-12-29 11:03:24] sleger : BitMEX_Arthur: missed the fact it was xbU7, then it was entirely correct, my apologies
[2015-12-29 11:03:33] BitMEX_Arthur : :)
[2015-12-29 11:35:26] cataquil : can you read sledger?
[2015-12-29 11:35:49] cataquil : ;)
[2015-12-29 11:36:44] sleger : cataquil: it's "sleger" not "sledger", can you read ?
[2015-12-29 11:36:54] sleger : ;)
[2015-12-29 11:38:17] laisee : freudian slip
[2015-12-29 12:06:28] rapidtrades : laisee: how is that slip freudian?
[2015-12-29 12:10:45] BitMEX_Wally : It's when you say one thing and mean a mother
[2015-12-29 12:11:31] sleger : lol
[2015-12-29 12:13:08] rapidtrades : hehe
[2015-12-29 12:17:16] laisee : cos sleger is a .... slegder ... har har har ;-)
[2015-12-29 12:17:59] rapidtrades : but sledger is not an actual word so it doesn't make sense
[2015-12-29 12:18:29] laisee : rapidtrades: > I take it you don't follow cricket?
[2015-12-29 12:29:22] sleger : laisee: are you indian ?
[2015-12-29 12:52:57] justinlooking : sleger: got an opinion on direction today?
[2015-12-29 12:59:40] sleger : nope
[2015-12-29 13:45:30] laisee : sleger: > pick another colony
[2015-12-29 14:09:37] sleger : laisee: just said that because only people I know who watch cricket are indians :)
[2015-12-29 14:16:06] BitMEX_Wally : sleger: You're French and don't know any Englishmen?
[2015-12-29 14:42:21] sleger : and I've lived in London, but no, french stick together :p
[2015-12-29 15:01:49] BitMEX_Wally : http://www.bbc.com/news/magazine-18234930 `London, France's sixth biggest city`
[2015-12-29 15:07:22] laisee : sleger: > no worries.
[2015-12-29 15:07:58] REKT : Big whale detected
[2015-12-29 15:07:58] REKT : Liquidated short on XBT24H: Buy 1 @ 425.22
[2015-12-29 15:11:50] laisee : rapidtrades: > gotta allocate more capital to those short trades
[2015-12-29 15:12:18] REKT : Liquidated short on XBT24H: Buy 130 @ 426.12
[2015-12-29 15:29:16] mwalshe99 : london, france's sixth biggest city
[2015-12-29 15:29:19] mwalshe99 : something i never want to see again
[2015-12-29 15:29:19] mwalshe99 : ever
[2015-12-29 15:29:24] mwalshe99 : admins ban him
[2015-12-29 15:29:59] sleger : you're not being clear at all : what is this "something" and who is "him" ?
[2015-12-29 15:30:18] mwalshe99 : Wally
[2015-12-29 15:30:20] mwalshe99 : ban him
[2015-12-29 15:30:39] BitMEX_Wally : Sure
[2015-12-29 15:30:56] sleger : on which base ?
[2015-12-29 15:31:02] mwalshe99 : cheers mate really loving the self-sacrifice
[2015-12-29 15:31:13] mwalshe99 : its gotta be done though
[2015-12-29 15:31:23] mwalshe99 : btw i do really like this exchange
[2015-12-29 15:32:54] BitMEX_Arthur : mwalshe99: Glad to hear it
[2015-12-29 15:33:50] sleger : any planned change about these twice too high settlement fees ?
[2015-12-29 15:37:04] arbitrage001 : what twice settlement fee?
[2015-12-29 15:38:02] billyboy402 : charging the large hold a fee for settlment suck ., you cant off sell them in time . and then we get wack a fee
[2015-12-29 15:38:34] billyboy402 : i personnally think there should only be a single open fee , and no close
[2015-12-29 15:38:37] sleger : arbitrage001: the settlement fee is twice what the exchange would collect if traders would close their positions against each other, which does not make sense
[2015-12-29 15:39:44] Swedishnut : I think they do it to discourage buy and wait for settlement. rather have active trading and profit creation from smoothing out bids and asks
[2015-12-29 15:40:52] sleger : Then it's a really weird idea... traders will trade if they want to, it just discourages the people who want to take a position to take it here. Choosing to not cater to a part of the trading population for an exchange is a bit weird
[2015-12-29 15:41:05] billyboy402 : you cant close 50,000 contract , there no orderbook to close out , look at the weekly this week , i would love to close on the lows , but we were close to $15 above , even OKC got lower this week .
[2015-12-29 15:42:04] billyboy402 : i know they have different settlment index , but gwww they got to 413 ,
[2015-12-29 15:42:43] billyboy402 : 25 march (3 monthly is $50 more then okc) , what dick is buying at that price
[2015-12-29 15:43:28] billyboy402 : OKC 442 vs bitmex 510...
[2015-12-29 15:43:31] habibi : billyboy402: so just hedge both contracts against
[2015-12-29 15:45:49] sleger : yes, price is not an issue, if you think it should be different, then good for you you have an awesome trading opportunity. The discussion was around settlement fees which make a certain way of trading prohibitive due to irrational fees : why are they twice what they should be ? Did someone make a logic mistake and refuses to admit it ?
[2015-12-29 15:47:03] billyboy402 : i thought future only have a open Fees ,
[2015-12-29 15:47:39] REKT : Liquidated short on XBT24H: Buy 11212 @ 431.67
[2015-12-29 15:47:50] Swedishnut : ouch
[2015-12-29 15:47:57] sleger : billyboy402: you should read the documentation
[2015-12-29 15:49:59] REKT : Liquidated long on XBT24H: Sell 3000 @ 431.25
[2015-12-29 15:49:59] REKT : Liquidated long on XBT24H: Sell 10 @ 431.23
[2015-12-29 15:51:39] BitMEX_Arthur : billyboy402: https://www.bitmex.com/app/fees
[2015-12-29 15:51:51] billyboy402 : cheers
[2015-12-29 15:55:43] billyboy402 : is weekly chart frozen for you guys
[2015-12-29 15:55:59] billyboy402 : or is that trading veiw
[2015-12-29 15:57:01] BitMEX_Sam : I've seen it fail to load in certain circumstances, a refresh clears it up
[2015-12-29 15:57:10] BitMEX_Sam : There's no error so I haven't yet gotten to the bottom of it
[2015-12-29 15:57:50] billyboy402 : yea the daily is up , but the weekly is frozen
[2015-12-29 15:58:24] BitMEX_Sam : Frozen? As in, you see data but it's out of date?
[2015-12-29 15:58:31] billyboy402 : BitMEX_Sam: ive been trying to work out how to short 3 monthly here and buy some where and headge , but doesnt look right
[2015-12-29 15:59:23] billyboy402 : look like there a bell curve , with a sweet spot and every dollor different make your profits less , untill it hit like $200 and then you start to lose money
[2015-12-29 16:00:11] billyboy402 : BitMEX_Sam: what the best way to heage , XBU vs OKX it fine at long the index and settlment hold out
[2015-12-29 16:03:32] sleger : billyboy402: maybe that's why the premium is so high, cause no free lunch, so take your chances ;)
[2015-12-29 16:04:42] BitMEX_Arthur : billyboy402: You are describing the differences in structure
[2015-12-29 16:04:44] BitMEX_Arthur : quanto vs. inverse
[2015-12-29 16:04:56] billyboy402 : sleger: care to explain , maybe there a language barrier but your comment was not at all helpfull
[2015-12-29 16:05:17] BitMEX_Arthur : xbt contracts like XBTH16 have quadratic returns in USD so they will be expensive
[2015-12-29 16:05:36] BitMEX_Arthur : xbu or inverse like okc, have 1/x returns in bitcoin so they will be cheaper
[2015-12-29 16:05:41] sleger : billyboy402: well, if you buy spot and sell march and price stays same you make money too easily
[2015-12-29 16:06:08] BitMEX_Arthur : billyboy402: https://blog.bitmex.com/xbt-vs-xbu-chain/
[2015-12-29 16:06:22] BitMEX_Arthur : That blog post explains why each future contract trades the way it does
[2015-12-29 16:06:32] billyboy402 : BitMEX_Arthur: I dont understand why some one would want to buy 520 and want to hold it , if in 3 months it goes to $520 , you dont make any profits ... and you lose if it below
[2015-12-29 16:06:58] BitMEX_Arthur : well if it's 520 when spot is 430, what happens when spot is 500 in a week say
[2015-12-29 16:07:00] sleger : billyboy402: because if it goes to 1040 you make so much more
[2015-12-29 16:07:05] BitMEX_Arthur : the price of XBTH16 will be higher
[2015-12-29 16:07:06] BitMEX_Arthur : and you can sell
[2015-12-29 16:07:11] billyboy402 : sleger: you mean , sell Qtly , and buy weekly , ,,,, let it settle and then buy it again
[2015-12-29 16:07:30] BitMEX_Arthur : billyboy402: I suggest you spend some time on blog.bitmex.com
[2015-12-29 16:07:30] sleger : billyboy402: no I meant buy spot bitcoin and sell quaterly
[2015-12-29 16:07:47] BitMEX_Arthur : I have written extensively about how to profit from the premium
[2015-12-29 16:07:52] BitMEX_Arthur : and the risks involved
[2015-12-29 16:07:52] sleger : but yes read arthur's blog on xbt vs xbu it is quite clear
[2015-12-29 16:08:01] sleger : although I dont agree with the conclusions
[2015-12-29 16:08:14] BitMEX_Arthur : What do you find issue with?
[2015-12-29 16:08:42] BitMEX_Arthur : Unless you don't want to share because it's your secret sauce :)
[2015-12-29 16:08:47] sleger : I'd rather not explain
[2015-12-29 16:08:50] BitMEX_Arthur : haha
[2015-12-29 16:08:52] BitMEX_Arthur : thought so
[2015-12-29 16:09:40] sleger : BitMEX_Arthur: when you say "One chain is clearly better than the other depending on your view of future XBTUSD price"
[2015-12-29 16:10:17] sleger : if you're bullish btcusd, spot is 450 and xbt24h trades at 500, do you still want to buy it ?
[2015-12-29 16:10:30] sleger : 12h before settlement
[2015-12-29 16:14:12] billyboy402 : if you buy 10,000 ( 52 BTC worht ) $520 aand it goes to $1000 . you only make 48 BTC profit ,,,, if you ......... If you buy 250 contracts @ OKC for $475 you make 27 BTC profit but if it drops it a differnt sorry
[2015-12-29 16:14:33] BitMEX_Arthur : sleger: No but i'm an arb guy
[2015-12-29 16:14:37] BitMEX_Arthur : I would sell fut and buy spot
[2015-12-29 16:14:45] rapidtrades : the problem with profiting from the premium is clawback
[2015-12-29 16:14:46] SnackyCoins : if i'm bullish and 24h as a $50 premium... time to stop being bullish lol
[2015-12-29 16:15:02] habibi : rapidtrades: where u see clawback
[2015-12-29 16:15:03] habibi : wheeere
[2015-12-29 16:15:24] sleger : BitMEX_Arthur: but if you're very bullish, spot is 450 and xbt24h ask is 451, then you may buy though ?
[2015-12-29 16:15:29] habibi : only when 15 minutes candles spikes 20+ down/up u can see it
[2015-12-29 16:16:01] BitMEX_Arthur : as I said that's just not my style
[2015-12-29 16:16:24] BitMEX_Sam : @everyone I've deployed a round of mobile optimizations, you should see improved performance on your phone if you're using it to trade.
[2015-12-29 16:16:26] BitMEX_Arthur : I'm an arb guy no matter how bullish I am i wouldn't pay that kind of premium unless i really knew something the market didn't
[2015-12-29 16:16:31] rapidtrades : it's still a huge risk for hedging or arbing...one large clawback and you could lose most of your profits
[2015-12-29 16:16:57] BitMEX_Arthur : rapidtrades: Clawback is a risk but the only reason 24H trades so crazy is because of 100x leveage
[2015-12-29 16:17:11] billyboy402 : BitMEX_Sam: thanks , i have notice the mobile is looking better
[2015-12-29 16:17:14] sleger : rapidtrades: it's a zero sum game, you can profit from clawback
[2015-12-29 16:17:14] rapidtrades : I don't agree with that
[2015-12-29 16:17:17] BitMEX_Arthur : and with 100x leverage, the system we have in place is necessary to ensure we continue as an exchange
[2015-12-29 16:17:33] rapidtrades : We still see clawback on okc with 20/1 lev
[2015-12-29 16:17:58] habibi : werent u the one who was yelling that okc is much better than here coz they market close and no clowback?
[2015-12-29 16:18:01] BitMEX_Arthur : rapidtrades: If you have some way to margin 100x leverage futures on the most volatile currency in the world where there is no clawbacks or forced position closing please let me know
[2015-12-29 16:18:21] billyboy402 : is there a reason why there no daily XBU with 100x , so we can buy XBT ..... and sell XBU
[2015-12-29 16:18:30] sleger : BitMEX_Arthur: there is : run a ponzi
[2015-12-29 16:18:33] rapidtrades : the only reason we haven't seen a major fuckup from clawback is that bitcoin has been more or less range-bound for the past few years...
[2015-12-29 16:18:52] BitMEX_Arthur : billyboy402: Because XBU is suitable for hedging not speculating
[2015-12-29 16:18:58] BitMEX_Arthur : so it kind of defeats the purpose
[2015-12-29 16:19:14] rapidtrades : once you see prices go 2X or 3x up or down, you will get that one runaway move that never comes back
[2015-12-29 16:19:23] rapidtrades : so far all of then retraces enough
[2015-12-29 16:19:30] habibi : u know that u can still make great money on that?
[2015-12-29 16:19:33] sleger : billyboy402: real answer is that bitmex guarantees settlement (no clawback) so they dont want to take too much risk
[2015-12-29 16:19:37] billyboy402 : but if you thibnk the market is going down , isnt it better to trade XBU ?
[2015-12-29 16:19:51] BitMEX_Arthur : billyboy402: Yes
[2015-12-29 16:19:51] rapidtrades : huge outlier risk with clawback imo...not just here but on okc as well
[2015-12-29 16:20:45] sleger : yes, go trade xbu : 15 points spread now :p
[2015-12-29 16:20:46] billyboy402 : yea short on okc and have the risk or cawback
[2015-12-29 16:21:53] billyboy402 : yea you cant trade XBU . there heaps of open order some time there only 1 cent spread , but no one it taking any orders
[2015-12-29 16:22:35] billyboy402 : the different in fees and commsion is huge m so no one is bother to take ,
[2015-12-29 16:23:08] billyboy402 : then those fucken bots front run you on every time lol
[2015-12-29 16:24:27] rapidtrades : time for me to take a small vacation until jan 3 imo...forex is shit atm, spiking up/down
[2015-12-29 16:24:39] sleger : XBU: if you take and settle that's 0.5% commission per week, so if you want to hedge your btc for a month you have lost 2% already, 23% after a year. Just use it as a short term hedge
[2015-12-29 16:24:59] sleger : rapidtrades: you still havent told us where you trade forex ?
[2015-12-29 16:25:08] rapidtrades : yeah agree, duration is a major problem with xbu right now
[2015-12-29 16:26:12] rapidtrades : maybe if wil be worth ir if we get some premium back
[2015-12-29 16:27:11] rapidtrades : if u have 3 or 6 months there will definitely be some premium in there, it could reduce the impact of the fees or eliminate them completely
[2015-12-29 16:48:55] billyboy402 : any way to get tradeblock price alarms on my IOS phone ?
[2015-12-29 16:49:36] BitMEX_Sam : I haven't seen any for XBX specifically, but you could set one up for bitfinex or coinbase using existing apps
[2015-12-29 16:50:28] billyboy402 : yea that what i currenly have ,
[2015-12-29 17:12:15] Swedishnut : 2015 appears to be the year of nothing grew but Bitcoin :P 2016 is poised for more traditional losses and greater continued growth of Crypto as it eats away the fake printer cash that is burned at the alter of credit to pay for mismanaged government actions. The money creation is slipping away from Central Bankers and eventually they will break.
[2015-12-29 17:14:02] arbitrage001 : doesnt mean central bankers wont pull the rest of us down with them first
[2015-12-29 17:15:47] Swedishnut : at least we have had this much warning to prep for their losses which is yes directly tied to many of if not all our current well being. But if you see a planet destroying comet with 100% certainty of destruction you build a rocket and leave the planet
[2015-12-29 17:15:48] TschavaTschigger : Swedishnut: every year is the year of bitcoin ;) and every year traditional "old" banks are supposed to fail
[2015-12-29 17:17:32] Swedishnut : Well one year they will :) and I'm glad we have had 5+ years of a working alternative.
[2015-12-29 17:20:44] Swedishnut : also we have seen a lot of new growth and awareness. I'm sure there will be a new found surge of interest in January from new blood and old minds
[2015-12-29 17:23:04] TschavaTschigger : if banks implement blockchain technology in the right way, it could take a huge part of the incentives for switching to bitcoin. for example issuing fiat over blockchain, meaning 24/7 transfers with lower transaction cost for customers (while banks still profit due to huge cost saving in infrastructure)
[2015-12-29 17:23:13] TschavaTschigger : it's ironic that the bitcoin protocol could actually kill bitcoin
[2015-12-29 17:24:41] REKT : Liquidated short on XBT24H: Buy 9592 @ 430.96
[2015-12-29 17:25:01] Swedishnut : true too but they would need to be accountable though and the money supply would be honest. that would be the cost
[2015-12-29 17:25:44] TschavaTschigger : why would the money supply be honest? this is just the way it is coded in the bitcoin protocol. doesn't have to be the case in another implementation
[2015-12-29 17:26:45] Swedishnut : ultimately BTC fights corruption if left in the public of the globe, Yes if BTC were flattened and restarted by central banks with fresh control over the network it would be nothing different than we have today
[2015-12-29 17:29:55] TschavaTschigger : I am actually very sure this will be the case in the next 5-10 years. Blockchain is #1 priority in the r&d department of every single major bank. They have tenths of billions to spend, while we have a few dozen developers who refuse to talk with each other.
[2015-12-29 17:31:32] TschavaTschigger : besides, banks have a high influence on political decisions. this is a very important factor many people often forget.
[2015-12-29 17:46:18] Swedishnut : Banks though have lost the trust of the people. So their influence mars trust.
[2015-12-29 17:47:43] TschavaTschigger : still, "banks have a high influence on political decisions", no matter if the public has trust in them or not
[2015-12-29 17:49:37] Swedishnut : true that is why it is imperative to strip money creation from the power of government. Just like religion cannot be forced down someone's throat neither should someone's "Monopoly Money".
[2015-12-29 17:50:12] TschavaTschigger : they play a major role in the legislation process, and they will also play a major role when it comes about blockchain/cryptocurrencies legislation. and guess who will profit from those laws.
[2015-12-29 17:51:26] TschavaTschigger : Swedishnut: of course.. i totally agree with you ;) I am on your side ;) just saying that it's not as easy as many people think. I hope that bitcoin suceeds, but I am not so sure.
[2015-12-29 17:52:42] Swedishnut : Thus it is blatant corruption to keep profits to spend holding their position in power. Thus maybe it comes down to block-chain enabled politics in public forums. :) I also agree with your arguements too. feels good to be able to see both outcomes and still have hope for the most positive in the face of the wall of institutional false value creation in fiat
[2015-12-29 17:54:03] Swedishnut : Bitmex is the Best :)