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The article does make a very interesting point. One which I'm hoping jerguismi could respond to. The article talks about the slow transaction time being a barr

The article does make a very interesting point. One which I'm hoping jerguismi could respond to. The article talks about the slow transaction time being a barrier to arbitrage. Basically, you couldn't buy in one market and sell in another market simultaneously. Wouldn't that make an arbitrage opportunity speculative? Also, because jerguismi is a founder of a bitcoin exchange, isn't it in his interest to promote trading bitcoin? I have no reason to believe that jerguismi would misrepresent his knowledge, but I think his role in the bitcoin community isn't de facto evidence that his statement is true.

joeyspn 11y ago
> The article talks about the slow transaction time being a barrier to arbitrage. The article is wrong on many levels. You don't need to transact (or even own) bitcoins in order to arbitrage. You can just buy/sell and open short/long positions via the exchanges websockets API... Not WallSt speed, but a decent speed for any self-made bot vs point&click traders.
- thecatspaw 11y ago
  Can you elaborate a bit more? What do you mean by "You can just buy/sell and open short/long positions"?