--- Log opened Sat Mar 21 00:00:29 2020
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09:39 < HackRelay> [hackint-irc/belcher] hello observer, this channel is bridged to freenode so there are people even though it looks empty
09:39 < HackRelay> [hackint-irc/observer] :)
09:39 < HackRelay> [hackint-irc/observer] Anybody know off-top how to read these offers?
09:39 < HackRelay> [hackint-irc/observer] !swabsoffer 0 1024892 17193508 1 6!swreloffer 1 17193509 2012786691 2584 0.000966 023947465c59d8c51d2ffbe6a0f30fb23d4f2d6882dc36f356d36a9ab2f26ebd4f MEQCIH3AydGQExpXQ8YD64yTrT/zgA25IUoHQa9MoPJuW0bXAiAlONdpcjniqEdZr1u8+7H/U8URIXBYwi4siZb3X11zhQ== ~
09:40 < HackRelay> [hackint-irc/observer] I'm just trying to get a rough idea of the liquidity
09:40 < HackRelay> [hackint-irc/belcher] for getting that idea you should run the orderbook watcher script which is called ob-watcher.py in the respository, or use the public instance here https://joinmarket.me/ob/
09:41 < HackRelay> [hackint-irc/belcher] off the top of my head, there are several commands seperated by the ! character, so for example !swabsoffer 0 1024892 17193508 1 6, that uses order_id=0, the minimum size is 1024892 satoshi, max size is 17193508, contribution to miner fee is 1 satoshi and coinjoin fee asked by the maker is 6 satoshi
09:42 < HackRelay> [hackint-irc/belcher] contribution to miner fee is somewhat useless today... back when the protocol was designed it was believed that market forces would require makers to contribute to miner fees too, but it turned out market forces dont require that at all so basically all makers set that to zero
09:43 < adlai> when does "contribution to miner fee" become less useless?
09:44 < belcher> when it has a meaningful value
09:44 < belcher> it seems to be that makers are quite happy for their coins to sit in their wallet never moving
09:44 < belcher> takers are the ones who actually want to make a transaction, so market forces basically result in them paying for the entire transaction
09:46 < adlai> so the quick conclusion here is that the observed swreloffer is quite generous, compared to what an Econ would do?
09:46 < belcher> maybe we could somehow redesign the market to takers get better information... perhaps about the number of UTXOs that a maker will contribute
09:52 < HackRelay> [hackint-irc/observer] Thanks for the answer!
10:20 < waxwing> please note that it's easier than ever to run the ob-watcher script locally, because it no longer needs a Bitcoin Core instance running.
10:21 < waxwing> just go into scripts/obwatcher and run `python ob-watcher.py -p 4444` where 4444 is any port. before doing it, set [BLOCKHAIN] blockchain_source value in `joinmarket.cfg` to `no-blockchain`
10:21 < waxwing> and `joinmarket.cfg` is in ~/.joinmarket
10:21 < belcher> observer ^
10:24 < waxwing> forgot to add, you can then view the order book in your browser at 127.0.0.1:4444 or w/e
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19:09 < k3tan> oh epic, you can set the port
19:09 < k3tan> the default 62601... lol who chose that? :P
19:10 < k3tan> i propose changing it to 6102
19:11 < k3tan> see what i did thr?
19:30 < adlai> k3tan: a deduplication and rearrangement of divisors?
19:31 < adlai> now how am i supposed to correctly undedoop ?
19:33 < adlai> fwiw, the port number was probably chosen by taking securely diluted entropy from public site, and then incrementing the bit slice until a reasonably dark port appeared
19:35 < adlai> maybe satoshi and hal were wondering what port to use: "sixty? sixty two? sixty one?" "ok" "what?" "sixty two, sixty one" "dude i can't connect, wtf"
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21:43 < k3tan> adlai: was thinking more along the lines of executive order 6102
21:43 < k3tan> but sure, your theory works too :P
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--- Log closed Sun Mar 22 00:00:30 2020