Hope that clarifies it. I’m getting increasingly uncomfortable with the term trustless which is only properly understood by a small group of insiders. We are talking trust in a network protocol instead of a bank or third party. With NTLP you don’t need to directly trust the person(s) behind it. I’m open for better terminology than the one I coined which I borrowed from Andreas A.
BTW Thanks for voting for this renewal, the new terms will be introduced on 11 August UTC.
BTW2 There are still issues with teh CCEDK pairs. I understand that they will look into it next week due to holidays and other priorities. Please be aware that the pairs are therefore paid less (around 25%) than they should as the bot can’t confirm the liquidity properly at all times due to time-outs.
I can confirm that and I’m working with CCEDK developer and @ronny to resolve this connection problem which suddenly occurred late last month and seems to have worsened.
I was the only one selling NBT on that pair. And they all got bought. Now I’m left with EUR in an overfull buy.
@ronny
CCEDK has been amazingly accommodating with NBT. And their market maker offer is a great deal.
So this is a formal request to see if CCEDK could review lowering their instant buy spreads just a little. Right now the EUR/BTC instant buy price is 3% off from Kraken. That hurts. Because my options are a wire transfer (~1.5 to 2% hit) and then wait to get funds back to market. Or the 3% instant buy hit and have the funds back to market quickly. If the instant buy was 2% it’d be an easy choice.