Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?
...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD?
That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD?
That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?A serious question, awesome!
For each trade the buyer/seller need to send/receive a separate money transfer to/from the seller/buyer with the reference of the trade ID, while the BTC is in escrow with the arbitrator holding a third key of a 2-of-3 multisig wallet. (BTW, in my screenshot you can see that there's a total of 4.9 BTC of EUR trades, 3.5 BTC of ETH trades, and 1.33 BTC of USD trades -- seems like you mixed it up a bit.) These are divided over 18 different offers that require fiat transfer via SEPA or OKpay.
If I look now, the statistics are like this:
- 7 EUR asks via SEPA (total 2.415 BTC), from AT, EE, PT, NL
- 5 EUR asks via OKpay (total 3.12 BTC)
- 2 EUR bids via SEPA (total 1 BTC), from NL & PT
- 4 EUR bids via OKpay (total 0.351 BTC)
Given the fact that for the SEPA offers alone, money needs to be transferred to four different countries makes it highly unlikely all these bank accounts are controlled by the same person.