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Topic: YAC will I be the bag holder? (Read 2183 times)

legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 15, 2013, 05:25:44 PM
#36
btc-e is heavily needed, bter is full of bugs. Look at 2 different buy orders at .0041  Grin

3 different batches of orders at .0038  Roll Eyes

sort this shit bter

Observation, this behavior you're noticing at BTER where multiple orders appear at the same price, appears to actually be a case where BTER needs to show one more digit after the decimal place.  Watch closely at the trade history when someone buys or sells a group of those orders that look like they're at the same price, and you'll see it's just something silly like 0.00038, 0.000381, 0.000382 orders all appearing to be 0.00038 in the order book.  This also appears to be the reason for buy and sell orders that appear to be at the same price in the order book not executing, because there's a mismatch in the amount small enough that BTER isn't displaying enough digits.

Question remains how are sell and buy orders utilizing the 6th decimal digit for price even created.

Do they have API? I know btc-e api users can have one more decimal digit than web interface ones.
sr. member
Activity: 347
Merit: 250
May 15, 2013, 05:21:13 PM
#35
I went ahead and forked pocopoco's repository to continue YACoin development.  Someone already registered WindMaster as a user on github, so I reluctantly registered user "yacoin" (though I have some concern people will mistake this for an attempt to make that appear to be the official YACoin repository) and forked pocopoco's code.  I'll update the README on the yacoin/yacoin repository as soon as I get home to make it clear that it is not the official YACoin client repository.  And then remove all the NovaCoin repository references from the README as well!

My fork will be maintained here:
https://github.com/yacoin/yacoin

I have updated the README.md file to make it very clear this isn't the official YACoin repository, incase people are confused by the "yacoin" user name.

EDIT - Reference to "NovaCoin" still running when you run the wallet twice has been fixed, and NVC replaced with YAC.  I think those were some of the more embarrassing aspects to the official YACoin client.

EDIT - Thread for ongoing development is now at:  https://bitcointalksearch.org/topic/annyac-yacoin-ongoing-development-206577
full member
Activity: 176
Merit: 100
May 15, 2013, 05:06:53 PM
#34
This also appears to be the reason for buy and sell orders that appear to be at the same price in the order book not executing, because there's a mismatch in the amount small enough that BTER isn't displaying enough digits.

This makes so much sense. I've seen orders at exactly the same price not matching.

The developers aren't treating their floats properly.
sr. member
Activity: 347
Merit: 250
May 15, 2013, 04:56:06 PM
#33
I'm also able to code, and although I have pretty much zero crypto experience, I've been learning quick, and have been finding out more as I go deeper. I see it as a chance to learn about all cryptocurrencies (BTC included) so I'm happy to contribute to the ongoing development of YAC.

If you wanted to take the lead, WindMaster, I'd gladly collaborate/cooperate.

I went ahead and forked pocopoco's repository to continue YACoin development.  Someone already registered WindMaster as a user on github, so I reluctantly registered user "yacoin" (though I have some concern people will mistake this for an attempt to make that appear to be the official YACoin repository) and forked pocopoco's code.  I'll update the README on the yacoin/yacoin repository as soon as I get home to make it clear that it is not the official YACoin client repository.  And then remove all the NovaCoin repository references from the README as well!
legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 15, 2013, 01:58:36 PM
#32
btc-e is heavily needed, bter is full of bugs. Look at 2 different buy orders at .0041  Grin

3 different batches of orders at .0038  Roll Eyes

sort this shit bter

Observation, this behavior you're noticing at BTER where multiple orders appear at the same price, appears to actually be a case where BTER needs to show one more digit after the decimal place.  Watch closely at the trade history when someone buys or sells a group of those orders that look like they're at the same price, and you'll see it's just something silly like 0.00038, 0.000381, 0.000382 orders all appearing to be 0.00038 in the order book.  This also appears to be the reason for buy and sell orders that appear to be at the same price in the order book not executing, because there's a mismatch in the amount small enough that BTER isn't displaying enough digits.

Yep, noticed it this morning, though I can't add another digit. Might be api stuff like with btc-e
full member
Activity: 224
Merit: 100
Shitcoin Maximalist
May 15, 2013, 01:53:52 PM
#31
At least in the case of YAC, the basic premise was at least innovative.  Along those lines, I suspect there's enough developer talent who hold YAC that there's likely to be some level of ongoing YAC development.

Even those of us who got screwed at the start, i.e. windows miners, didn't get completely destroyed. I could've worked the linux mining out sooner and done better, but was super busy during the launch, so had to just "set it and forget it" and get on with my day. I still did ok compared to any GPU mining my desktop is able to do.

I've considered forking the YAC client source on github and at least change all the references to NovaCoin that pocopoco didn't bother fixing.

I'm also able to code, and although I have pretty much zero crypto experience, I've been learning quick, and have been finding out more as I go deeper. I see it as a chance to learn about all cryptocurrencies (BTC included) so I'm happy to contribute to the ongoing development of YAC.

If you wanted to take the lead, WindMaster, I'd gladly collaborate/cooperate.
sr. member
Activity: 347
Merit: 250
May 15, 2013, 01:40:29 PM
#30
can the coin survive if the dev hasn't been heard from since launch?  Doesn't exactly seem like the active type.

Hmm valid point, what ever has bitcoin done without Satoshi Nakamoto.....Guys?  Satoshi just left us all holding the bag no!!!

At least in the case of YAC, the basic premise was at least innovative.  Along those lines, I suspect there's enough developer talent who hold YAC that there's likely to be some level of ongoing YAC development.  I've considered forking the YAC client source on github and at least change all the references to NovaCoin that pocopoco didn't bother fixing.
full member
Activity: 224
Merit: 100
May 15, 2013, 01:13:53 PM
#29
can the coin survive if the dev hasn't been heard from since launch?  Doesn't exactly seem like the active type.

Hmm valid point, what ever has bitcoin done without Satoshi Nakamoto.....Guys?  Satoshi just left us all holding the bag no!!!
sr. member
Activity: 347
Merit: 250
May 15, 2013, 12:54:09 PM
#28
btc-e is heavily needed, bter is full of bugs. Look at 2 different buy orders at .0041  Grin

3 different batches of orders at .0038  Roll Eyes

sort this shit bter

Observation, this behavior you're noticing at BTER where multiple orders appear at the same price, appears to actually be a case where BTER needs to show one more digit after the decimal place.  Watch closely at the trade history when someone buys or sells a group of those orders that look like they're at the same price, and you'll see it's just something silly like 0.00038, 0.000381, 0.000382 orders all appearing to be 0.00038 in the order book.  This also appears to be the reason for buy and sell orders that appear to be at the same price in the order book not executing, because there's a mismatch in the amount small enough that BTER isn't displaying enough digits.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 15, 2013, 06:15:17 AM
#27
btc-e is heavily needed, bter is full of bugs. Look at 2 different buy orders at .0041  Grin

3 different batches of orders at .0038  Roll Eyes

sort this shit bter
sr. member
Activity: 347
Merit: 250
May 15, 2013, 04:57:58 AM
#26
There's more than enough BTC in buy orders between 0.00038 and 0.00034 to double the price, they just need to be a bit bolder. Grin

Probably the traders that are entering buy orders for the purpose of actually buying YAC (as opposed to sellers trying to manipulate the price by entering buy orders) would have significant incentives not to double the price they're paying.  Probably for the buyers, it would be more accurate to say there's enough BTC in buy orders between 0.00038 and 0.00034 to crash the price and buy it for peanuts, they just need to be a bit bolder.
sr. member
Activity: 406
Merit: 250
The cryptocoin watcher
May 15, 2013, 02:48:54 AM
#25
There's more than enough BTC in buy orders between 0.00038 and 0.00034 to double the price, they just need to be a bit bolder. Grin
legendary
Activity: 1064
Merit: 1002
May 15, 2013, 01:54:18 AM
#24
having 2k is enough to say that i am a bagholder ?

yeah it is worth ~ 1BTC now...

I cant even remember the price but I sold my 1500 for 1.1 BTC  I had to buy a gpu otherwise I would still be holding. Not bad for 6 hours of mining huh?
hero member
Activity: 728
Merit: 500
cryptoshark
May 15, 2013, 01:33:24 AM
#23
having 2k is enough to say that i am a bagholder ?

yeah it is worth ~ 1BTC now...
legendary
Activity: 2940
Merit: 1090
May 14, 2013, 11:32:47 PM
#22
Agreed and besides there is nothing stopping someone else at a later date taking up the development work of the coin.

Yeah you lot holding the coins aren't the only bag-holders, the altcoin coders / sysadmins / etc also get left holding the bag, we already had more coins than we could keep up with maintenance work for, this latest bunch of crap is going to have to wait as long overdue now is an upgrade of the whole family of merged mined coins...

-MarkM-
legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 14, 2013, 11:29:20 PM
#21
looks like we might all be for a while, lol

crashed to 0.0035
member
Activity: 112
Merit: 10
May 14, 2013, 11:11:18 PM
#20
I will hold them for quite a while and hold the bag it it comes to that, rather than selling them at this low price.

I'am going to do the same, I only "invested" $65 into yacoins so I don't care much if I end up wasting my dollars.
(golden rule: don't risk more than what you can afford to lose)
hero member
Activity: 545
Merit: 500
May 14, 2013, 10:48:02 PM
#19
I will hold them for quite a while and hold the bag it it comes to that, rather than selling them at this low price.
newbie
Activity: 28
Merit: 0
May 14, 2013, 09:27:37 PM
#18
You do know it has dropped by half...0.0004

Yep, but again don't really care, I'm not playing the short game, This is just play money to me. if it goes up, great, if it doesn't I'm really not going to lose any sleep over it. To the people who are dumping there coins now. that's good to me, because it's cheaper for me to buy them now than to mine them.

I can't see why I should be bent out of shape that a new coin that is barely 7 days old has not skyrocketed in value.


for whatever reason people are using CHN and FTC as benchmarks.
member
Activity: 112
Merit: 10
May 14, 2013, 09:26:44 PM
#17
It's a seven days old coin. It's going to be up and it's going to be down many times from now, for now the only thing that matters is that it performs as intended. Everything else is just daytrading.

can the coin survive if the dev hasn't been heard from since launch?  Doesn't exactly seem like the active type.

In so far way more coins have been killed by devs being too "active" than by being inactive.

Agreed and besides there is nothing stopping someone else at a later date taking up the development work of the coin.
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