Comments on: How a central authority attempted (and failed) to regulate Bitcoin

By: Marcus Molineaux

Marcus Molineaux — Mon, 03 Jun 2013 02:47:00 +0000

Gold has intrinsic value in manufacturing electronics… It also has intrinsic value in its beauty… I’m not sure how you got that gold has no intrinsic value.

By: Aleph

Aleph — Thu, 28 Feb 2013 21:37:00 +0000

What does an increase in price at a different time have to do with the actions taken by MtGOX during the freefall?

By: C W

C W — Thu, 31 Jan 2013 22:42:00 +0000

“Maybe you should spend some time trading any or all of the world’s capital markets”

If you actually did this you would certainly be posting about it in buttcoin.org, the host for all Masters of Capital.

By: ithinkerer

ithinkerer — Wed, 23 Jan 2013 17:07:00 +0000

So the above article actually makes sense to you?

By: in b

in b — Tue, 22 Jan 2013 03:45:00 +0000

this was written without looking at the months long increase in price, correct? the author should do his homework before spouting off such ignorance.

By: Kiril Gantchev

Kiril Gantchev — Mon, 21 Jan 2013 22:18:00 +0000

You highly informed response is greatly appreciated! 🙂

By: LJ superstar 2004

LJ superstar 2004 — Mon, 21 Jan 2013 22:14:00 +0000

:ironicat:

By: Kiril Gantchev

Kiril Gantchev — Mon, 21 Jan 2013 21:34:00 +0000

That would be a VERY NICE WAY TO PUT IT! 🙂

By: Fluxity

Fluxity — Mon, 21 Jan 2013 21:33:00 +0000

Would you say it’s …. “VERY MISLEADING”??

By: Kiril Gantchev

Kiril Gantchev — Mon, 21 Jan 2013 21:32:00 +0000

This is misguided on so many levels that I find it hard to figure out where to start. I guess I’ll start with your idea that “if the 3000 wall was not there” which already speaks a lot for itself:

1. I suspect you mean the 30k wall @14.95, not the 3k wall, since you show 30k at the 14.95 market depth.

2. You propose an unrealistic hypothetical situation and then you proceed to tear down a straw-man which has nothing to do with reality. Exactly why wouldn’t there be any market depth support beyond 14.95? What does the market depth look like at 14.94, how about 14.93? Do the orders at greater market depths magically disappear too?

3. You suggest that making iceberg orders will somehow give the buyer an advantage and if that was the case, then you should be able to make a good bank taking advantage of all of those “suckers” trying to sell. Why aren’t you doing it? Oh, let me guess: you don’t like “buttcoins,” well no worries… just make your bank and exit when you’re holding fiat. I would love to have a schmuck like you keep making iceberg buys while I make iceberg sells!

4. Finally, you say that the same thing could happen in the stock markets, but it just doesn’t happen because the large companies involved “keep the market from melting.” Or perhaps it’s just that people understand efficient markets and spend a lot of money trying to evaluate the true market value of the equity they’re holding. I guess we’ll never really know why!

5. Finally, what about the hundreds of small FX and Futures markets? If your hypothetical had any connection with reality, then you would see hundreds of smaller FX and Futures markets melting every day because of people who have heard about iceberg orders. Ever wonder why that’s not happening?

Unfortunately, your understanding of how efficient markets work is about as high as the average rock out there!