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Topic: Mildly unimpressed with both MtGox and TradeHill (Read 4241 times)

legendary
Activity: 1834
Merit: 1020
Sorry I just feel real hostility towards the speculators, its not what bitcoin was designed for.

So you think...if I knew how to code well enough to design my own currency in such a way that I would be the #1 profiteer, I would do it, and it would look like Bitcoin.  Just like if I owned the NBA or NFL, I would want my games rigged, such that a team like the Saints would win the superbowl after some natural disaster, and the NBA's most hated team would lose in the 7th finals game to a bunch of old white guys.

That is a difficult post to understand. but I think you are saying that anything that doesn't have wild gambling driven speculation is rigged? You are going to have to explain that one.






Bitcoin is purported as a better solution than traditional, centralized currency.  I agree with this.  But that doesn't mean 'Satoshi' didn't also do it to make a quick buck.  Even if he's sincere in his motive, its still a fantastic way to make a quick buck while simultaneously doing something he believes is ethical.  Much the same reason I'm a social work/psych major.  But if I didn't get paid anything, I wouldn't be a social work/psych major; it just happens to be an ethical field in which I can make a lot of money.  Rigging NBA and NFL games is another way to make a buck, and, if done right, would actually add excitement for the fans (rigging a series to go to 7 games rather than ending in 4 or 5).  I also mine/exchange bitcoins to make a buck.  The opportunity is there, and the cost for said opportunity is low (and risk is equally low if you're in the habit of day trading).

I'm just talking about opportunity-cost.  The opportunity was there for Satoshi to utilize his skills to make a buck.  Whether or not that was his intention, I don't know.  But I do know that I would do it to make a buck (or million) in an instant.  And that's why I have a bid for 200 coins at .02 USD.  I want to make a quick buck too.
sr. member
Activity: 277
Merit: 250
Sorry I just feel real hostility towards the speculators, its not what bitcoin was designed for.

So you think...if I knew how to code well enough to design my own currency in such a way that I would be the #1 profiteer, I would do it, and it would look like Bitcoin.  Just like if I owned the NBA or NFL, I would want my games rigged, such that a team like the Saints would win the superbowl after some natural disaster, and the NBA's most hated team would lose in the 7th finals game to a bunch of old white guys.

That is a difficult post to understand. but I think you are saying that anything that doesn't have wild gambling driven speculation is rigged? You are going to have to explain that one.



legendary
Activity: 1834
Merit: 1020
Sorry I just feel real hostility towards the speculators, its not what bitcoin was designed for.

So you think...if I knew how to code well enough to design my own currency in such a way that I would be the #1 profiteer, I would do it, and it would look like Bitcoin.  Just like if I owned the NBA or NFL, I would want my games rigged, such that a team like the Saints would win the superbowl after some natural disaster, and the NBA's most hated team would lose in the 7th finals game to a bunch of old white guys.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
you want an ai to buy and sell for you too?

If not why not? I'm a spoiled consumer with years of built up expectations.

After all these years of using toilet paper I bitch and moan incessantly whenever I'm expected to use a corn cob!

8^)
sr. member
Activity: 350
Merit: 251
you want an ai to buy and sell for you too?
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
Ok now to both of you:

I should not ever have to break out a calculator or fire up a spreadsheet to perform simple trades.

Everything should be served up to me on a platter without my needing to go dig around in history or any other page or program.

Neither of your input screens was as obvious as I had expected.

Like the post above mentioned I had a set amount of money to place and you both made me go do the arethmetic.

Frankly it irritated me that I placed exactly the same order in both of your sites and MtGox gave me a partial btc even though their commission was listed as being smaller than TH.

wtf???
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
For one thing I was not alerted by email when trades happened.

Second I had to write a spreadsheet to figure out what they actually charged me.

Thirdly they both log you out in miniscule time periods.

And I NEVER get the TH capcha right the first time (blind as a bat and all that rot)


Fairly unprofessional compared to the brokerage accounts I have used.


If you check your account history, you'll notice we display trading fees on the account history as separate lines, should make things rather easy.

We'll add the ability to receive trading emails soon, and the ability to change the logout period to something different soon too (per-account setting, will come with timezone selection at the same time).

Much better response than the PR guy. You should re-train him. I have been biting my tongue not to respond to his post.

Thank you I look forward to your growth and will look at the history.

EDIT

Wait a minute you're not TH, you're Mtgox! LOL!

I thought you were following up on the TH guy. You could have been a little clearer as to whom you represent. 8^)
newbie
Activity: 36
Merit: 0
I believe TH will be implementing e-mail or SMS alerts when a trade goes thru or you withdraw (if you specify so).


Anyone else have suggestions ? Maybe if we give tradehill some ideas they can implement them over time!
sr. member
Activity: 277
Merit: 250
Speculators are hardly the enemy: http://mises.org/daily/4466


Well too bad that article doesn't relate to bitcoin at all. It is linking a real world commodity to real world supply and demand. Instead of a purely speculator vs speculator system that is bitcoin. Until bitcoin is priced to real world goods, then it will forever be a gambling mechanism where one speculator makes money purely from a bad speculator on the other end.



vip
Activity: 608
Merit: 501
-
For one thing I was not alerted by email when trades happened.

Second I had to write a spreadsheet to figure out what they actually charged me.

Thirdly they both log you out in miniscule time periods.

And I NEVER get the TH capcha right the first time (blind as a bat and all that rot)


Fairly unprofessional compared to the brokerage accounts I have used.


If you check your account history, you'll notice we display trading fees on the account history as separate lines, should make things rather easy.

We'll add the ability to receive trading emails soon, and the ability to change the logout period to something different soon too (per-account setting, will come with timezone selection at the same time).
newbie
Activity: 36
Merit: 0
excited
sr. member
Activity: 308
Merit: 250
JMHO, but I think the session timeout thing should be optional. If you get Malware on your PC then it's game over anyway, and over HTTPS your options for session hijacking are severely limited. I think the session timeout stuff is just a bike helmet, implemented because someone happened to suggest it at a time when MtGox got hacked in a massive way.

The actual attack vectors for long-running sessions are extremely narrow in scope, and personally if someone's logging into a Bitcoin exchange at a Starbucks without HTTPS they deserve everything they get. I'm a big boy, let me opt out of session hi-jacking and if my account gets owned that way then I'll take responsibility for it.
full member
Activity: 168
Merit: 100
tradehill not having limits on withdrawals is pretty nice
hero member
Activity: 616
Merit: 500
At the very least PLEASE add email notice of a trade.
+1, please!



I can't do this, I need text notifications on my phone since I'm never near my computer
full member
Activity: 154
Merit: 100
Sorry if it's already been asked... I saw your lovely new BUY form, but how does one easily just buy "$50 worth of bitcoins at a rate of $13.50". Do you still need to work it out manually on a calculator first and then type in 3.7037037?
hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
why don't you start paying $10 per trade plus 1%.

or code it your self if you don't like it

for a start up I'm happy with what I'm getting at .5% and they are progressing nicely.
sr. member
Activity: 420
Merit: 250
LOL! Yes mean people do suck but they keep one on one's toes. 8^)

To the exchanges; look at ETrade, TDWaterhouse and Scottrade for the level of professionalism the average investor expects nowadays. These are the ones I use and their peers have smilar functionality.

At the very least PLEASE add email notice of a trade.

Hi Smalley,

Thanks for the business, the post and the feedback.

Frank's work is really good and we plan to impliment it soon.

You will be pleased to know that a senior developer from Interactive Brokers is joining us as an advisor.

This person coded many parts of the IB platform and has their Certificate in Quantitative Finance. He is a long time personal friend who is thrilled to be working with us.

As BTC volume (millions/month) catches up to global capital markets volume (trillions/month) so will the advancement of trading platforms.

Feel free to reach out if you need anything!

Regards,
Adam - Tradehill 
newbie
Activity: 13
Merit: 0
I've gotten good at the TradeHill CAPTCHA lately.

It makes me feel proud.
hero member
Activity: 938
Merit: 501
At the very least PLEASE add email notice of a trade.
+1, please!
legendary
Activity: 873
Merit: 1000
75% of my bitcoin transactions are done without pants on.

lolz!

and ditto!
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