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Offline inarizushi

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Problem solved !
« on: March 20, 2015, 01:38:25 PM »

As reported here : https://bitsharestalk.org/index.php?topic=15020.msg194798#msg194798, there are some orders that should match that do not.

It appears that shorts cannot be bought unless they have the highest interest rate in the whole short list. No matter the price limit of the short with the highest interest rate. Someone put a 50% interest rate short order on bitBTC at 60000 BTS/bitBTC, and it seems to be impossible to short BTS for a lower interest rate.

I have done only two tests, but I have been unable to buy my own shorts.

This is an absolute emergency.


Problem solved by release 0.8.0, (23rd march) :)
« Last Edit: March 25, 2015, 02:36:52 PM by inarizushi »
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Offline btswildpig

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Re: EMERGENCY : the market is broken
« Reply #1 on: March 20, 2015, 01:53:22 PM »
already reported to Github . Several developers have been notified .
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Offline inarizushi

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Re: EMERGENCY : the market is broken
« Reply #2 on: March 20, 2015, 02:08:23 PM »
already reported to Github . Several developers have been notified .

Great, I hope this will be solved today...
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Offline xeroc

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Re: EMERGENCY : the market is broken
« Reply #3 on: March 20, 2015, 02:22:11 PM »
already reported to Github . Several developers have been notified .

Great, I hope this will be solved today...
I guess it requires a fork .. so maybe we get it fixed within 48hours .. </wild guess>
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Offline botfund

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Re: EMERGENCY : the market is broken
« Reply #4 on: March 20, 2015, 03:17:36 PM »
Oh my poor bot.

Offline sudo

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Re: EMERGENCY : the market is broken
« Reply #5 on: March 20, 2015, 03:32:18 PM »
test totally in dvs  next time

zerosum

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Re: EMERGENCY : the market is broken
« Reply #6 on: March 20, 2015, 05:30:23 PM »

 Very cool *feature!  +5%


* block any market with 1 BTS or less! Me like it!

Offline btswildpig

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Re: EMERGENCY : the market is broken
« Reply #7 on: March 20, 2015, 05:34:24 PM »

 Very cool *feature!  +5%


* block any market with 1 BTS or less! Me like it!

 +5% +5%
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Offline inarizushi

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Re: EMERGENCY : the market is broken
« Reply #8 on: March 21, 2015, 02:33:28 PM »
So... nobody seems to really care. Crazy.
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lzr1900

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Re: EMERGENCY : the market is broken
« Reply #9 on: March 21, 2015, 02:49:43 PM »
 +5%

Offline vlight

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Re: EMERGENCY : the market is broken
« Reply #10 on: March 21, 2015, 03:10:16 PM »
So... nobody seems to really care. Crazy.
:(

Offline vikram

Re: EMERGENCY : the market is broken
« Reply #11 on: March 21, 2015, 06:34:05 PM »
It turns out this problem has been there for a very long time. We are aware of it and currently working on a solution.

Offline arhag

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Re: EMERGENCY : the market is broken
« Reply #12 on: March 21, 2015, 07:12:48 PM »
So... nobody seems to really care. Crazy.

I mean it is a serious bug, but I think "absolute emergency" is an over-exaggeration. The worst case with this bug is that shorts are suspended and anyone who already has a short position is unable to roll over their shorts. So it sucks if you are forced to exit your short position (either by buying BitUSD to cover or by others buying up your expired cover order at the price feed) when you did not intend to, but as far as money-related bugs go this is fairly tame IMO. It isn't as bad as the previous transaction malleability bug that would allow someone to nearly empty out your balance if you transferred a small fraction of your balance to them.

Offline starspirit

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Re: EMERGENCY : the market is broken
« Reply #13 on: March 21, 2015, 07:58:44 PM »
Why is it necessary for shorts to compete on both interest and price? If we set the price as always equal to the feed price, wouldn't the interest rate suffice to queue shorts? Then the 50% order would be at the front of the queue and easily get taken out on small volume, and interest would normalise after that.

Offline inarizushi

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Re: EMERGENCY : the market is broken
« Reply #14 on: March 21, 2015, 08:06:51 PM »
So... nobody seems to really care. Crazy.

I mean it is a serious bug, but I think "absolute emergency" is an over-exaggeration. The worst case with this bug is that shorts are suspended and anyone who already has a short position is unable to roll over their shorts. So it sucks if you are forced to exit your short position (either by buying BitUSD to cover or by others buying up your expired cover order at the price feed) when you did not intend to, but as far as money-related bugs go this is fairly tame IMO. It isn't as bad as the previous transaction malleability bug that would allow someone to nearly empty out your balance if you transferred a small fraction of your balance to them.

"Nobody can short." How is that not an absolute emergency ? If nobody took advantage of the bug until now, that's fine, but now, it's over. Nobody can short. When shorters will have to cover, they will have to buy at the price someone is willing to sell, or lose the 10%. I don't understand how the market peg can hold.
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