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Quote from: CoinHoarder on August 25, 2014, 10:14:51 pmQuote from: trader on August 25, 2014, 10:08:34 pmAs I understand it, if there was a 50% crash right now, the peg would be screwed because trading is disabled therefore shorters cant be forced to cover. Is that just about correct?In that case, wouldn't they be forced to cover once the market comes back into action??Yes but if the shorts did not post enough collateral, they could get away not losing as much BTSX as they should when the market re-opens. Im just trying to figure out how BTSX deals with this.
Quote from: trader on August 25, 2014, 10:08:34 pmAs I understand it, if there was a 50% crash right now, the peg would be screwed because trading is disabled therefore shorters cant be forced to cover. Is that just about correct?In that case, wouldn't they be forced to cover once the market comes back into action??
As I understand it, if there was a 50% crash right now, the peg would be screwed because trading is disabled therefore shorters cant be forced to cover. Is that just about correct?
Wow I didn't even know markets could be paused. This is a pretty smooth way to handle it.
We have identified an issue that requires an immediate hard fork to resolve. We have removed the required depth.Updates will follow shortly.
How shortly ?It's 5:33 AM here .Am I gonna see it when I wake up at 10 AM about 5 hours later?