great interview chris martenson of crash course interviews joe saluzzi about HFT
http://media.chrismartenson.com/audio/joe-saluzzi-2011-02-04-final.mp3
Topic: Will High Frequency Trading be possible with Bitcoin? (Read 5052 times)
why wouldn't the financial oligarchy see it fit to destroy a threatening currency? they certainly show themselves capable with their silver manipulation via JPM and QE 1,2 and soon to be 3?
Would unrecoverable be a better word than lost or destroyed?
Would unrecoverable be a better word than lost or destroyed?
People holding their savings in bitcoin is indistinguishable from people throwing them away. Both increase the value of other bitcoins. I hope this is how governments try to destroy Bitcoin.
QE is bad for a currency because it makes more units not fewer.
why wouldn't the financial oligarchy see it fit to destroy a threatening currency? they certainly show themselves capable with their silver manipulation via JPM and QE 1,2 and soon to be 3?
Would unrecoverable be a better word than lost or destroyed?
Would unrecoverable be a better word than lost or destroyed?
Is it too much to hope that "ethical hackers" will come up with the gear to "mine" wallets before bitcoin loses all its value due to "black hat"s?
And what will the ratio of lost+empty wallets to unlost wallets be by then?
-MarkM-
And what will the ratio of lost+empty wallets to unlost wallets be by then?
-MarkM-
Lost? Nay, they are merely inadvertently offered as bounty for quantum computer development! 
-MarkM-
-MarkM-
If lost coins are able to be recovered, legitimate users' wallets could also be stolen using the same method. Bitcoins would be worthless if computers were powerful enough to do this.
Lost? Nay, they are merely inadvertently offered as bounty for quantum computer development!
-MarkM-
-MarkM-
Will there ever be a threat to the system if a user or organization begins to collect bit coins and destroy them intentionally?
Bitcoin are never destroyed; they are lost.
Will there ever be a threat to the system if a user or organization begins to collect bit coins and destroy them intentionally?
Well, no, unless they have a really large amount of money to waste buying those bitcoins.
Right now the current market value of all bitcoin stock is about five millions USD, but if someone wanted to buy a significative part of that, he would raise the price dramatically. Therefore I doubt one could do it with less than say 50 millions USD.
Will there ever be a threat to the system if a user or organization begins to collect bit coins and destroy them intentionally?
HFT: what is the bot? what does it do?
Trading bots.
Quote
Backup: Anyone use dropbox to backup their wallet? has anyone automated this process?
https://en.bitcoin.it/wiki/Securing_your_wallet
High frequency trading would not be directly possible with bitcoins.
It is possible as long as you stay on a managed platform with a shared wallet (so far not really different from stock trading), but should the transactions go out to the Bitcoin network the Bitcoins used in a trade will have to cool down for a few minutes before being able to reuse them for a new trade.All this assuming that you don't trust the other side, and wait for confirmation, should you have a closed set of traders trusting each other you can in fact create new transactions with unconfirmed coins.
High frequency trading would not be directly possible with bitcoins.
But one can use an accounting-based trading system, as you would do with any currency.
HFT: what is the bot? what does it do?
Backup: Anyone use dropbox to backup their wallet? has anyone automated this process?
Backup: Anyone use dropbox to backup their wallet? has anyone automated this process?
and if so, is this good or bad?
There's already bot. No, it's not bad.Quote
also Why is there a limit to the total number of bitcoins? What happens when bitcoins are destroyed say in a fire? does the system compensate for destroyed currency?
The bitcoin economy could run quite happily on 1 BTC. Plus, you can back up your wallet.
and if so, is this good or bad?
also Why is there a limit to the total number of bitcoins? What happens when bitcoins are destroyed say in a fire? does the system compensate for destroyed currency?
also Why is there a limit to the total number of bitcoins? What happens when bitcoins are destroyed say in a fire? does the system compensate for destroyed currency?
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