Deribit – Bitcoin Futures and Options Exchange
1–10 of 31 posts
Re: Deribit – Bitcoin Futures and Options Exchange
#2Should I care if it is erlang-based or basic-based? Why should I use this instead of some of the existing exhanges?
Re: Deribit – Bitcoin Futures and Options Exchange
#3Should I care if it is erlang-based or basic-based? Why should I use this instead of some of the existing exhanges?
You should because it will be slow
Re: Deribit – Bitcoin Futures and Options Exchange
#4From their "About us" page[1].
"The exchange is built from the ground up to deliver extreme performance and is built entirely in the programming language Erlang. This gives us big technological advantages being able to handle huge amounts of requests with ultra low latency ([1] https://www.deribit.com/docs/about-us/
Re: Deribit – Bitcoin Futures and Options Exchange
#5How is this going to get around CFTC rules on commodity derivatives markets?
Re: Deribit – Bitcoin Futures and Options Exchange
#6From their "About us" page[1]. "The exchange is built from the ground up to deliver extreme performance and is built entirely in the programming language Erlang. This gives us big technological advantages being able to handle huge amounts of requests with ultra low latency ( [1] https://www.deribit.com/docs/about-us/
"huge amounts of requests with ultra low latency (<1ms)" needs more explanation because if we had 1 million (<1ms) requests from 1 billion I could still use same definition.
Re: Deribit – Bitcoin Futures and Options Exchange
#7From their "About us" page[1]. "The exchange is built from the ground up to deliver extreme performance and is built entirely in the programming language Erlang. This gives us big technological advantages being able to handle huge amounts of requests with ultra low latency ( [1] https://www.deribit.com/docs/about-us/
"huge amounts of requests with ultra low latency (<1ms)" needs more explanation because if we had 1 million (<1ms) requests from 1 billion I could still use same definition.
They mention that number again in their colocation page, I suspect they're providing their best number based on testing in the same datacenter (yay SXB, FR)
Re: Deribit – Bitcoin Futures and Options Exchange
#8How is this going to get around CFTC rules on commodity derivatives markets?
> incorporated under the laws of Lithuania
https://www.deribit.com/docs/terms-of-service-and-privacy-po...
> hosted in France
https://www.deribit.com/docs/ §1.9
Are they even subject to those rules?
Re: Deribit – Bitcoin Futures and Options Exchange
#9"Under extreme market circumstances Deribit could decide to partially or entirely close winning positions to be able to close loosing positions. This could only occur under extreme circumstances, for example when the market moves more than 10% in a 12 hour time frame."
Wait what? I've seen way more than 10%/day volatility on *coin/USD markets often enough. Has anyone else read through the 'tos'?
https://www.deribit.com/docs/terms-of-service-and-privacy-po...
Re: Deribit – Bitcoin Futures and Options Exchange
#10Latency in the micro-seconds range is based on network i/o, distance and wiring, not frameworks. Microwaves travel over 30% faster than fiber optic links. Erlang will not affect this part of the equation, however, it should prove to be low-latency, scalable, reliable, and all the other good stuff the Erlang/BEAM/OTP system is good at on the server.
Pony lang is looking at competing with Erlang, and to be just as fast if not faster.
Maybe their hoping to just trade on IEX, 'The Flashboys Exchange' that has the wire coiled up in a shoebox (I know it's not a shoebox!), so even hackers can't circumvent the intentional delay it causes.