Post
Topic
Board Project Development
Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE
by
MPOE-PR
on 19/11/2012, 08:39:26 UTC
I'm concerned with rude spam by MPOE-PR (https://bitcointalk.org/index.php?topic=102333.0 ).
Other related people (smickles) are behaving quite good, and we had useful discussions over support email.

I will consult with [Tycho] about further actions.

I'm concerned with you behaving like a scammer, on top of actually being one.

You were caught scamming. Your sorry attempts to avoid that discussion by making ciuciu-esque attacks won't save you, you'll just end up with egg on your face on top of the original problem of having been caught scamming.

I'm rather bored with this discussion. You are dense. I'll try to spell it out for you one more time, but this is the last time...

I may be dense, but I do notice you've conveniently ignored the question of your own involvement with the icbit scamsite. So no, you're not bored. Anything BUT bored.

Suppose it was time sensitive like it was with smickles order. How is MPex going to explain why order wasn't accepted immediately? Most likely response is "oh maybe the connection failed we'll investigate": connection failure is indeed the most likely cause, but it is a good idea to check server logs.

Nope. If the order made it then it's on the books. If it didn't make it then it's on the customer, it's his job to get his order to MPEx, not MPEx's.

There's in no case absolutely anything to investigate: if MPEx is down (which hasn't happened yet) then nobody is getting orders through. If MPEx is up and the customer fails to talk to it he picks up his phone and talks to his ISP support hotline or w/e.

This is quite different from the scamsite behavior, wherein customer can see his account, can see the volume move, can see other orders for "other customers" being executed but his orders are ignored. Repeatedly. For the obvious reason that if the scamsite allowed actual customers to place orders in that magical interval it wouldn't be able to fix absurd prices. Duh.

In that case we can a situation like this: 1) user clicks "stop" button in browser, but it doesn't stop packets which are already in flight; 2) user checks state, it says that order is not accepted; 3) now those packets which are in flight arrive to server and it actually accepts the offer. Whoopsie.

You'd probably look a lot less ridiculous if instead of sitting here and puking mental experiments you actually took the time and checked things out.

Notice the difference here. MP checked out the icbit.se site, has proof that it's a scamsite. You're talking theories about your understanding about how things may be. Quite a very different thing (not that I'm not impressed you sometimes use ssh, don't take this the wrong way).

Practically: if MPEx says you can't repeat an order, then it has your order on record. If it doesn't then it never saw it.

It is completely independent from transparency issues, I agree that use of PGP signatures and full transaction log are desired features.

Desired, eh?

No, they're both necessary for trading and impossible for a scamsite. The beauty of this is that the Fireball character, though he continues to lie about it, did take the site down for maintenance and made some changes mere hours upon being called out for his little scam. Those changes, while probably temporary, are a little more in line with his declared intentions, and magically the "future" contract is almost in line with reasonable economic expectation.

Isn't it fascinating how the big bad evil mean and mysterious manipulator suddenly got scared and left cause Mr. P wrote something on his blog? Isn't it grand how caught in between the rock of the article and the hard place of everyone being able to verify it for themselves the next day Fireball suddenly fixed the "exchange"? Tsk tsk.

So you know...desired. Myeah. Call them imposed.

Anyway, you need to learn a bit more about how networking works

Alternatively, I need to stop entertaining pompous shills. How is it that all you idiots sing from the same book?

Quote
Nov 17 19:57:25 <_Fireball>   honestly, by reading your blog post, I  see that you have little idea how futures exchanges work
Nov 17 19:57:32    that's fine.
Nov 17 19:57:42 <_Fireball>   and I'm explaining it to you ;-)
Nov 17 19:58:23 <_Fireball>   so, would you be a man and write an apology?
Nov 17 19:58:35    you're joking, right ?

Get your heads out of your asses, both of you. You're here to learn, not to teach, and you're doing an usagi-level job of it. The nerve of you people!

Quote
15NOV12 19:59 At 30 seconds until close, I saw the expected sell order. It was larger than I had expected, leaving about 450 contracts on the book at 10.025. Notwithstanding the fact that his order would not overcome this, I dutifully placed the order Mircea had asked me too.

I expected to see the results of Mircea's order within the next few seconds as server load could be expected to be higher than earlier in the day.

At 10 seconds until close I had not seen any evidence of the order taking effect.

Hurriedly, I began repeating the order as many times as I could before close, knowing that, should each of these orders go through, some of my own funds would be used and entered into a position which I did not really want to take. However, I felt it better to potentially sacrifice some of my own funds to fulfill my word. I was able to repeat the order at least three times before close.

That is what you need to explain. Tried the "it's the ISP", it didn't stick, tried the "we'll investigate", nobody cares, tried whatever else, that didn't stick either. You were caught manipulating the close price, period.