Everything now uses decimal instead of float types.  There shouldn't be any more rounding errors.  Please inform me if you notice any.

I haven't mentioned anything about the Slashdot influx.  There isn't much to say except for WOW!  The chart of the exchange rate explains it best.

An update...

I took a couple of weeks learning and experimenting with some concepts.  There are a lot of requests and good recommendations coming in.  There's also some critical things I need to finish.

Exchanges are beginning to proliferate.  With this in mind, I want to emphasis the qualities that make this a market.  I won't be adding anymore currency options for the time being.

Here are a few things I want to work on...

1. A market order option which will basically grab the current bid or ask.
2. Interactive charts
3. Adjusted quotes for confirmed, unconfirmed, and cancelled trades
4. Quotes in XML, and a current price resource for "streaming" or embedding
5. Some JQuery eye candy

The server was down for several hours today.  My apologies. :)  I ran the market for 1 minute after hours to update the graphs.

Soon I will be deploying CherryPy behind Apache.  This should make things a little more robust.

Everything seems to be functioning.  Market will open tomorrow.  All currencies should be ready for trade.  I haven't had time to use LibertyReserve or MoneyBookers yet, so there may be unforeseen complications with them.  Pecunix should be fine.  Don't forget it's measured in GAU!  Check out NewLibertyStandard to get a bearing on what the exchange rate should be.  Please email me with any problems you may encounter.

Trading will be halted on Tuesday, June 1.  The site will be up and down all day in preparation for the next version.  If all goes well, trading will begin, as usual, at 8AM CST on Wednesday.  Check back here for any updates.

I finally have a version which can manage trade with multiple currencies.  There's still a lot of testing and tweaking to do.

I adjusted the Historical graph to a 30-day interval, but all quotes can still be downloaded.

I'm mainly focusing on the new version.  Still have a long way to go.

The next version will offer multiple currencies for trading.  The same model will apply, where clients exchange directly with one another.  It's going to take awhile to build.

For starters, I'm thinking...

PayPal (USD)
Moneybookers (USD)
LibertyReserve (USD)
Pecunix
LiqPay (USD)

This could transform Bitcoin Market into a true E-Currency exchange, albeit a small one.

Some of you may have noticed your Bitcoin transactions weren't updating.  The table should now display your 10 most recent transactions.

A glitch in the register script deleted the Bitcoin Address of new sign-ups.  I have fixed the glitch, but some of you will have to resubmit your Bitcoin Address.  From Profile, click Edit, then complete the form.  This shouldn't be a problem until you withdraw, so be sure to double check your Bitcoin Address before you do.  Sorry for the inconvenience.

I will add a password reset option soon, but I'm going to play around and do some tweaking while I brainstorm on a future plan.

EDIT:  I'm going to put that on hold, but if you have trouble remembering your password let me know.  I can manually send you a temporary password through your registered email.

So far so good.  Looks like everything is up and running with the new update.  I cleared all offers.  This will prevent inadvertent trades until people can update their accounts.  If you have any problems let me know.

I think I've found it!  SQLObject was caching when it should have been querying the database.  I think this version is finally worthy of a launch.  I will bring the site down after trading today.

I am tracking down a very elusive bug.  It looks like Saturday will be too soon.  Hopefully, by Sunday, I will be ready.

I think Saturday is the day.  I might have to keep the site down for quite some time, so I'm going to halt trading on Saturday.

Let me explain what it is I'm trying to achieve, but first of all, let me summarize what I believe.  I do not believe in the intrinsic value of material things.  A ton of gold is worthless to a starving man who can't find a farmer.  In other words, "intrinsic value" is a human invention.  The value of something is determined by what another person is willing to pay for it

So what am I trying to do?  I am trying to create a market where people determine the value of Bitcoins when they buy and sell them with one another.  A classical market.  Unfortunately, it is unrealistic to have a centralized system for trading.  A centralized system requires a centralized account, whether PayPal, a bank, or other.  A centralized account is a bad idea.  This is why I'm creating a system that allows people to trade cash directly with one another.  At the same time, I want to retain the basic elements of a classical market.  This will not be easy.

I moved News to this blog.  You may leave questions and suggestions here if you like.  This will be a good place to check, if the main website is ever down.

To be honest, I've been playing around with CSS and adding some "style" to the next incarnation.  It looks almost professional, but I'll let you guys be the judge of that.  These next few days I will do some touch-ups and hardcore testing of the back-end scripts.

I will be testing and streamlining over the next few days. I will tentatively put a week on the release. Everyone will need a PayPal account before placing any offers!  After the trade is conducted, an email is automatically sent to the buyer with the PayPal account of the seller.  Therefore, it's necessary to have the email already in the database.  I will work on adding Moneybookers, but that will come later.

I have an early working version, but it's hacked together. It's going to be a few more days before I have something worthy of testing. The transfer of Bitcoins will be automated! But, cash payments will depend on the swiftness of the buyer, since it will be up to him or her to initiate the transfer.

I didn't transfer the Orders (now called Offers) or the Last Trades to the new database. It would have been too tedious and prone to mistakes. Everything else should have transfered correctly. If you see anything wrong with your account, please let me know. I have a backup of the database right before I did the transfer.

I need to bring the server down today for the new update. It will be sometime after 5PM. It may take all evening and night depending on how it goes.

Progress continues on the next update. It should be ready in a week. The main features will be an in depth view of bids/asks, multiple order placement, and trade history on each individual.

I have had some good ideas requested. However, the database is not adequate to perform them. I need to go back and make some major changes. Also, I have another idea that I'd like to implement either as a separate website or part of this one. It may seem like I'm gone, but actually I will be very busy. Trading will remain operational throughout this time. :)

I registered a Class 1 SSL certificate with Startcom. Instead of building an administration tool, I found a good GUI editor that will work for now. I've decided that registering a LLC may be a good idea, but it's a serious amount of money, so I'm hesitant.

Yesterday was our first real trading session, but nothing was actually traded until today. It went very well. This next week I'm going to spend time building an administration tool to automate things. Right now I'm editing the database from the prompt.

I've decided to start taking deposits for trade. I think this will encourage more interest from the community while keeping me motivated to continue on. This is by no means a finished project. You will find instructions on the website to guide you through the deposit, trade, withdraw process. I enabled SSL for this update.

The market ran well. It still needs work, but I think it could handle a small amount of real trade. I'm going to take a few days and work on the website some more. I need to change the way it's interfacing to the database and look at some security issues. If all goes well, I'd like to take some PayPal and Bitcoin deposits soon.

Time to test. The market should be more stable and the code is a lot cleaner. Let's see what happens! I had to delete the previous market data for the change. I also changed the website styling somewhat. I'm learning CSS as I go.

I decided to keep the market off-line until I get the update finished. A memory leak in matplotlib was causing it to crash. I hope to have it finished sometime late tomorrow, so the next trading day will be on the 11, hopefully.

I'm still not satisfied with the market program. It crashed twice today. I'm going to spend a few days on a new version. In the meantime, I will continue to run this version.

You can now contact me at bitcoinmarket@gmail.com

I added an Intraday chart that should update every 30 seconds. You will have to manually refresh. The previous Intraday data wasn't cleared this morning. It should clear from now on.

I deleted the old database. Those that registered before will have to re-register.  I added a Historical graph that should auto update at the end of each trading day.  Also, you can now download Intraday and Historical Quotes from the Quotes page.  Thanks to all those taking notice!