GLBSE features release schedule | Bitcointalksearch.org

Francesco

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Quote from: Nefario on August 23, 2012, 12:07:37 AM

In the next few hours we will be removing the requirement for BTC reserves.

This means that you can make as many buy orders as you like as long as you have enough BTC to cover your highest priced buy.

Once the order is fulfilled, your new balance is calculated, and your other buy orders for more than your new balance will be cancelled.
Nefario

Is it implemented? I still see

Quote

Not enough bitcoin available in account, cancel some orders or deposit more bitcoin

Nefario

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Quote from: xkrikl on August 24, 2012, 04:59:52 AM

Works fine ...
except for the fact that I get "page not found" always when I click to cancel an order ... though the order gets canceled
Pajka

Fixed, thanks for the tip.

xkrikl

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Works fine ...
except for the fact that I get "page not found" always when I click to cancel an order ... though the order gets canceled
Pajka

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www.bitcointrading.com

Quote from: xkrikl on August 24, 2012, 02:57:19 AM

Quote from: Nefario on August 23, 2012, 12:07:37 AM

In the next few hours we will be removing the requirement for BTC reserves.

This means that you can make as many buy orders as you like as long as you have enough BTC to cover your highest priced buy.

Once the order is fulfilled, your new balance is calculated, and your other buy orders for more than your new balance will be cancelled.
Nefario

Thanks a lot, Nefario. Great to hear that it is implemented!

Do you consider for some future update that the buy orders would be only disabled (taken out of bid list) until the balance gets above the order cost?
Or do you prefer to sort this out with margin trading only?
What condition do you plan on margin trading (if it isn't to early to ask)?

Pajka

+1 I would like to see this too, where the bid goes inactive but comes reactivated once the balance returns, this way you save a lot of time placing all those bids again.

xkrikl

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Quote from: Nefario on August 23, 2012, 12:07:37 AM

In the next few hours we will be removing the requirement for BTC reserves.

This means that you can make as many buy orders as you like as long as you have enough BTC to cover your highest priced buy.

Once the order is fulfilled, your new balance is calculated, and your other buy orders for more than your new balance will be cancelled.
Nefario

Thanks a lot, Nefario. Great to hear that it is implemented!

Do you consider for some future update that the buy orders would be only disabled (taken out of bid list) until the balance gets above the order cost?
Or do you prefer to sort this out with margin trading only?
What condition do you plan on margin trading (if it isn't to early to ask)?

Pajka

Nefario

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Quote from: Hunterbunter on August 23, 2012, 08:26:58 AM

Quote from: Nefario on August 23, 2012, 12:07:37 AM

Below is a list of major features and their ETA

New charts and API server(will be open source) - 1 week to live launch
Options on all GLBSE assets and an options market - 2 weeks to live launch
Lending assets (including BTC) with interest - 3 weeks to live launch
Margin and shorting - 4 weeks to live launch
Private markets for private stock - 3 weeks to live launch
Scheduling dividend payments and buybacks - 1 week to live launch

All very interesting.

Regarding: Margin and shorting - 4 weeks to live launch

How will this work, exactly? Will GLBSE be purchasing stocks in companies? Or is this a bucket shop thing? Or not related to stocks, just BTC?

Good question.

We will allow users to lend their BTC and assets to other users for the sole purpose of trading on margin and shorting. This will mean that they (the borrowers) will not be able to withdraw any of those related funds until the they have paid back what they have borrowed.

The lenders will be able to set the interest rate that they charge for lending out, with the understanding that if the market becomes illiquid, they may lose their funds. They will also be able to specify what assets they are willing to allow their lent funds to purchase.

It will be available for all assets on GLBSE.

Hunterbunter

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Quote from: Nefario on August 23, 2012, 12:07:37 AM

Below is a list of major features and their ETA

New charts and API server(will be open source) - 1 week to live launch
Options on all GLBSE assets and an options market - 2 weeks to live launch
Lending assets (including BTC) with interest - 3 weeks to live launch
Margin and shorting - 4 weeks to live launch
Private markets for private stock - 3 weeks to live launch
Scheduling dividend payments and buybacks - 1 week to live launch

All very interesting.

Regarding: Margin and shorting - 4 weeks to live launch

How will this work, exactly? Will GLBSE be purchasing stocks in companies? Or is this a bucket shop thing? Or not related to stocks, just BTC?

ribuck

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Quote from: Nefario on August 23, 2012, 07:08:55 AM

If I die GLBSE will continue onwards....

That's great to hear ... but ... Long Live Nefario!

Nefario

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Quote from: ribuck on August 23, 2012, 06:27:19 AM

Those are great features! Thanks for creating and enhancing GLBSE.

Ideally I'd like to see the following feature added to the list:

"Globally-distributed bulletproof backups, so that the data and software can be recovered in the event of the operator's disappearance or demise, or seizure of the GLBSE data."

We already have this, although it's not distributed to everyone it has been given to several people.

This is all in another GLBSE related thread. If I die GLBSE will continue onwards, at the very least to ensure that all accounts have been settled, but most likely with someone else to take over.

ribuck

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Those are great features! Thanks for creating and enhancing GLBSE.

Ideally I'd like to see the following feature added to the list:

"Globally-distributed bulletproof backups, so that the data and software can be recovered in the event of the operator's disappearance or demise, or seizure of the GLBSE data."

Matthew N. Wright

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Quote from: Nefario on August 23, 2012, 06:12:30 AM

Quote from: Matthew N. Wright on August 23, 2012, 05:59:57 AM

James,

I've seen a thread about someone asking the legality of the GLBSE and myself, I'm just getting into stocks, IPOs and such so I'm not 100% sure yet, but is there any reason to believe that putting up an IPO on the GLBSE would be illegal? And even if not for every country, how about for the USA? Would you be held responsible legally if an IPO there like Pirate ran out with everyone's money? Don't need a legal letter or anything, just asking your opinion.

Cheers

This is out of topic, and should either be in a PM or in the other GLBSE threads (of which there are several) on this topic.

Read GLBSE's TOS

Thanks! Doing now.

Nefario

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Quote from: Matthew N. Wright on August 23, 2012, 05:59:57 AM

James,

I've seen a thread about someone asking the legality of the GLBSE and myself, I'm just getting into stocks, IPOs and such so I'm not 100% sure yet, but is there any reason to believe that putting up an IPO on the GLBSE would be illegal? And even if not for every country, how about for the USA? Would you be held responsible legally if an IPO there like Pirate ran out with everyone's money? Don't need a legal letter or anything, just asking your opinion.

Cheers

This is out of topic, and should either be in a PM or in the other GLBSE threads (of which there are several) on this topic.

Read GLBSE's TOS.

Also hard to believe you're just getting into stocks etc with your involvement with Hermes and Kronos, you seem to be playing stupid.

Matthew N. Wright

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James,

I've seen a thread about someone asking the legality of the GLBSE and myself, I'm just getting into stocks, IPOs and such so I'm not 100% sure yet, but is there any reason to believe that putting up an IPO on the GLBSE would be illegal? And even if not for every country, how about for the USA? Would you be held responsible legally if an IPO there like Pirate ran out with everyone's money? Don't need a legal letter or anything, just asking your opinion.

Cheers

Nefario

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Quote from: muyuu on August 23, 2012, 05:41:45 AM

Nice.

What will be Open Source exactly? Looking forward to take a look.

charts and the public API.

muyuu

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Nice.

What will be Open Source exactly? Looking forward to take a look.

Nefario

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Quote from: c_k on August 23, 2012, 04:20:16 AM

So will the site be faster soon?

If so, bonus!

Yes, combined with the moving of our database to a dedicated DB server it will be a significant improvement.

c_k

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So will the site be faster soon?

If so, bonus!

Nefario

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Quote from: Bitcoin Oz on August 23, 2012, 01:30:31 AM

Great work Nefario.

Quote

Lending assets (including BTC) with interest - 3 weeks to live launch

This is going to be great for shorting stocks

This is the whole point, and it won't be shorting with "vitual" assets that don't exist as with most margin or shorting, it will be existing ones, and the lenders will be able to decide the rate in which they charge.

URSAY

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TY!!!

Bitcoin Oz

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Wat

Great work Nefario.

Quote

Lending assets (including BTC) with interest - 3 weeks to live launch

This is going to be great for shorting stocks

Topic: GLBSE features release schedule (Read 2645 times)