Author Topic: what should we do if price is control by exchange??  (Read 11104 times)

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Offline svk

btc38 still not prove they have enough balance, we need to be ready to face some bad situation
If you're "not saying anything for sure", why are you being so alarmist?

Do exchanges normally prove they have enough balance on hand of any asset they're holding? Why should we expect them to prove it for BTS?

It sounds like all of this is a bunch of unneeded panic over a rumor. These situations need to be considered by the devs, but until it's obvious this is what's going on there's no need to stir up the community.

Indeed. I'm surprised to see alt scaremongering like this, maybe its justified but we can't really tell for now, and it feels like adding fuel to the fire of falling BTS prices..
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Offline emski

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Delegates should react and ignore malicious exchange's feeds.

Offline nomoreheroes7

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btc38 still not prove they have enough balance, we need to be ready to face some bad situation
If you're "not saying anything for sure", why are you being so alarmist?

Do exchanges normally prove they have enough balance on hand of any asset they're holding? Why should we expect them to prove it for BTS?

It sounds like all of this is a bunch of unneeded panic over a rumor. These situations need to be considered by the devs, but until it's obvious this is what's going on there's no need to stir up the community.

I'd imagine a large portion of this rumor is being driven by those with buy orders around the 0.05 CNY level. Apparently it's working.
« Last Edit: March 18, 2015, 02:29:13 pm by nomoreheroes7 »

Offline btswildpig

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If you're "not saying anything for sure", why are you being so alarmist?

security should be enforced even at a peaceful time .
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Offline alt

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btc38 still not prove they have enough balance, we need to be ready to face some bad situation
If you're "not saying anything for sure", why are you being so alarmist?

Offline nomoreheroes7

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If you're "not saying anything for sure", why are you being so alarmist?

Offline alt

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This is very important!
I'm not saying anything for sure.
But let us discuss some technical measures in case unreal price happen in the centralized exchange that lead to a malfunction price feed

what will we do, if BTC38 sell fake BTS, and control the price?
should we pause feed price?
@Bytemaster

BTC38 promised that they'll disclose the cold storage address of their Bitcoin holding back in 26th,FEB, but now is March ,  some people are suspecting the reasons , so I wonder if BitShares will have the same situation . I'm just assuming the worst in a technical standing point of view . Maybe they're just slow in action though .
« Last Edit: March 18, 2015, 04:27:56 pm by alt »