Topic: Bot (Read 21530 times)
Other people involved are my partner the coder and someone who helps him.
Is one of them the guy who ran bitscalper ?
Good question and lulz no!
I know it's an old post, but I thought i would bump this up, because of this post :
With Bitscalper I was never sure or not if it was a scam or just fail security. It is starting to look like this as well.
However I would like to know why this guy has bitscalpers source code. Only MinningBudy and myself other than bitscalper got it.
Some more clarification would be great.
However I would like to know why this guy has bitscalpers source code. Only MinningBudy and myself other than bitscalper got it.
Some more clarification would be great.
From this post
Hum, so you're talking about 3 people in your team for TyGrr-Bot... And only 3 people including bitscalper had the bitscalper source code...
Well, I guess my question was indeed good, and you were lying...
Okay here are the maths...
7326 total shares sold minus 700 for bitcoinica = 6626 left for us to pay out.
6626 / 7326 = .9044499
I have placed a bid on GLBSE for 300 shares at that price. I will place more tomorrow (going to bed soon).
Keep in mind if bitcoincia pays us tomorrow there is no way I can send you back the extra .05 BTC. This donation will be put towards my losses if you want to do it this way.
Thank you.
7326 total shares sold minus 700 for bitcoinica = 6626 left for us to pay out.
6626 / 7326 = .9044499
I have placed a bid on GLBSE for 300 shares at that price. I will place more tomorrow (going to bed soon).
Keep in mind if bitcoincia pays us tomorrow there is no way I can send you back the extra .05 BTC. This donation will be put towards my losses if you want to do it this way.
Thank you.
43.6585 BTC was received.
Thanks.
Thanks.
Because Zhou sent us some coin I am going to move up the bid price on GLBSE to .91
As soon as we get more funds from Bitcoinica / Intersango I will pass them along.
Also I talked to Donald about out account being "accurate" yet not being paid out. It seems Patrick held the coin and refused to send them out. He vetoed the other guys work. This was about 4 days before the last hack. However now that Patrick has quit and Intersango is going to get sued who knows what will happen.
I will be setting up that 1% bond on GLBSE this week.
Thanks all.
Glad you got some funds back. IMO, the problem is that there are too many opinions in Bitcoinica. It is one reason I don't like to work with groups of people and prefer to create things alone. New ideas are implemented at a crawl and one person thinks the other person is in charge of things. A better solution of whoever was in charge of Bitcoinica would have been to not give a percentage of ownership, but do a percentage of profits. That way there is a clear person in charge yet talented workers have incentive to grow the company.
goat,
You just have given us an example how hard and risky with doing business, which make me doubt with why and how you can pay out interest so high and so much. If someone borrow 20btc and return 22btc in a month, this may be realisitic and reasonable, but I do not think it is reasonable at the scale you are running.
You're doing business with Bitcoin, which cannot be printed by central banks. It is difficult to earn them, I think.
Except this arb program, can you give us a disclosure about the bitcoin exchange rate risk you involed in other business. How will you be effected if the Bitcoin exchange rate against fiat money countinues this rally.
You just have given us an example how hard and risky with doing business, which make me doubt with why and how you can pay out interest so high and so much. If someone borrow 20btc and return 22btc in a month, this may be realisitic and reasonable, but I do not think it is reasonable at the scale you are running.
You're doing business with Bitcoin, which cannot be printed by central banks. It is difficult to earn them, I think.
Except this arb program, can you give us a disclosure about the bitcoin exchange rate risk you involed in other business. How will you be effected if the Bitcoin exchange rate against fiat money countinues this rally.
Who's buying at 1.04 and 1.05?
Someone who knows something we don't
Who's buying at 1.04 and 1.05?
Someone who's about to create a whole lot of volatility? 
Hey Chaang,
I've been following for a while with interest, I too am interested in all the bots out there. I'm not sure if intersango has their own arb bot. I suspect not as it is a conflict of interest (admittedly the only people who would know are the team members). There are a couple of scalping bots on intersango as there is effectively a 'liquidity rebate' which will give you a very low fee if you provide liquidity.
I believe they are performing whats known in the stock market as 'front running'. Its illegal on the real stock market, however its not hard to do in bitcoin as the gox price usually dictates the direction. Given the correct maths, its easy for them to scalp high volume at a small profit each time.
Good scalping will essentially help arb the market naturally.
I admire your efforts Chaang.
I've been following for a while with interest, I too am interested in all the bots out there. I'm not sure if intersango has their own arb bot. I suspect not as it is a conflict of interest (admittedly the only people who would know are the team members). There are a couple of scalping bots on intersango as there is effectively a 'liquidity rebate' which will give you a very low fee if you provide liquidity.
I believe they are performing whats known in the stock market as 'front running'. Its illegal on the real stock market, however its not hard to do in bitcoin as the gox price usually dictates the direction. Given the correct maths, its easy for them to scalp high volume at a small profit each time.
Good scalping will essentially help arb the market naturally.
I admire your efforts Chaang.
325 more bids for shares are up at GLBSE for people wanting to get out of this at .09044499 I will keep placing them as they empty. Once Bitcoinica pays us back we will move that up to just over .95
@ Stochastic We did account for the fees but we had massive up and down swings and the different exchanges were all over the place. There was a lot more money to be made. For whatever reason the market is much more sane/level and we suspect it will keep going this way. Our options were fold and take the hit or keep going with something we no longer had much faith with.
@ RaggedMonk I have not worked it all out but looking at it very quickly I think you are right. Also thank you for your support.
@ Red Emerald We very much agree
Thank you.
@ Stochastic We did account for the fees but we had massive up and down swings and the different exchanges were all over the place. There was a lot more money to be made. For whatever reason the market is much more sane/level and we suspect it will keep going this way. Our options were fold and take the hit or keep going with something we no longer had much faith with.
@ RaggedMonk I have not worked it all out but looking at it very quickly I think you are right. Also thank you for your support.
@ Red Emerald We very much agree
Thank you.
Maybe you're thinking too big, and should just stick to 2 exchanges or something.
What of the dividend that was not paid while you withheld important financial information from your investors? Instead you held us all in suspense telling us you have important information to tell us.
You are welcome for the large negative interest group loan. Sorry it didn't work out. Glad to read you aren't blaming this on someone else.
I'll take the 0.9 BTC for my 30 some shares, I'll PM you the details later.
You are welcome for the large negative interest group loan. Sorry it didn't work out. Glad to read you aren't blaming this on someone else.
I'll take the 0.9 BTC for my 30 some shares, I'll PM you the details later.
About 95% of the trading profit went to pay fees...
Did you not account for the fees when you ran the trading simulation before running the bot in the real world?
Quote
We suspect the intersango bot gets information from the intersango exchange before our bot. Also since they do not have to pay the fees (or at least one side) we are at a disadvantage.
Welcome to the world of unregulated exchanges. Hopefully soon we can get a P2P exchange.
The first is a non guaranteed bond paying back 1% of capital and 1% interest each week. This bond will last for 100 weeks. A large shareholder of 5000 plus shares already took this path.
Am I right in understanding the first option?
Every week you receive 2% of remaining capital, and capital is decreased by 1%.
First week 0.02, second 0.0198, 0.0196...
My calculations show 0.5BTC in 30 weeks, 0.9 BTC in 61, and 1.26 in the full 100 weeks. Did I get this right?
PS: Kudos, I think you are handling this very professionally.
Okay here are the maths...
7326 total shares sold minus 700 for bitcoinica = 6626 left for us to pay out.
6626 / 7326 = .9044499
I have placed a bid on GLBSE for 300 shares at that price. I will place more tomorrow (going to bed soon).
Keep in mind if bitcoincia pays us tomorrow there is no way I can send you back the extra .05 BTC. This donation will be put towards my losses if you want to do it this way.
Thank you.
7326 total shares sold minus 700 for bitcoinica = 6626 left for us to pay out.
6626 / 7326 = .9044499
I have placed a bid on GLBSE for 300 shares at that price. I will place more tomorrow (going to bed soon).
Keep in mind if bitcoincia pays us tomorrow there is no way I can send you back the extra .05 BTC. This donation will be put towards my losses if you want to do it this way.
Thank you.
Sold. Thanks for offering this solution. This was my favorite GLBSE bond and I'm sad to see it go.
I will make it clear when the offer is no longer good and give a weeks notice.
Thanks. Do you know if your (i.e. the bot's) Bitcoinica claim was assessed as accurate yet? Jump to: