We have identified an issue that requires an immediate hard fork to resolve. We have removed the required depth.
Updates will follow shortly.
Quote from: tbkmcjl on August 25, 2014, 09:33:44 PM
How shortly ?
It's 5:33 AM here .
Am I gonna see it when I wake up at 10 AM about 5 hours later?
I hope DAC Sun can get a patch out within the hour.
Quote from: tbkmcjl on August 25, 2014, 09:33:44 PM
How shortly ?
It's 5:33 AM here .
Am I gonna see it when I wake up at 10 AM about 5 hours later?
Time to brew some coffee :). I doubt I'll be getting much sleep tonight either.
puh .. just wanted to go to bed .. *darn*
Quote from: bytemaster on August 25, 2014, 09:28:22 PM
We have identified an issue that requires an immediate hard fork to resolve. We have removed the required depth.
Updates will follow shortly.
Wow I didn't even know markets could be paused. This is a pretty smooth way to handle it.
Quote from: luckybit on August 25, 2014, 09:54:22 PM
Wow I didn't even know markets could be paused. This is a pretty smooth way to handle it.
They cannot ... I guess they had a bigger stake on the order book to enable the market in the first place and canceled the order .... once the market is live and the depth is enough (until now) the market goes on ..
Having a market that can be paused would be VERY BAD PR
At least it can be fixed somewhat easily it sounds like. Good work noticing the problem. :)
yes, for the next time (let's hope never) it will be a good first step for everybody:
cancel all open orders
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?
It will be a long exciting night ! 8)
Quote from: trader on August 25, 2014, 10:08:34 PM
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?
In that case, wouldn't they be forced to cover once the market comes back into action??
Quote from: CoinHoarder on August 25, 2014, 10:14:51 PM
Quote from: trader on August 25, 2014, 10:08:34 PM
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?
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, 10:21:55 PM
Quote from: CoinHoarder on August 25, 2014, 10:14:51 PM
Quote from: trader on August 25, 2014, 10:08:34 PM
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?
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.
Ah yeah, good point. Well, lets hope that doesn't happen! Short of a flash crash I don't think it well, especially considering the recent upwards trend. :D
Quote from: trader on August 25, 2014, 10:21:55 PM
Quote from: CoinHoarder on August 25, 2014, 10:14:51 PM
Quote from: trader on August 25, 2014, 10:08:34 PM
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?
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.
Can you explain how this 'not loosing enough collateral' works?
incoming commits to the git repo
https://github.com/dacsunlimited/bitsharesx/commits/master
any progress?
0.4.8 is out: https://github.com/dacsunlimited/bitsharesx/releases/tag/0.4.8
Quote from: liondani on August 25, 2014, 11:22:51 PM
any progress?
yes it is up - read the important updates thread.
*.xeroc up and running!
backup machine will follow tomorrow
Any ETA for the dmg / exe releases? I could build from source but not really in the mood if the team is releasing executables.
Quote from: robrigo on August 25, 2014, 11:39:21 PM
Any ETA for the dmg / exe releases? I could build from source but not really in the mood if the team is releasing executables.
Executables in progress...
Quote from: bytemaster on August 25, 2014, 11:51:31 PM
Quote from: robrigo on August 25, 2014, 11:39:21 PM
Any ETA for the dmg / exe releases? I could build from source but not really in the mood if the team is releasing executables.
Executables in progress...
dmg is live! Thanks for all the hard work BTSX team.
Quote from: robrigo on August 26, 2014, 12:15:48 AM
Quote from: bytemaster on August 25, 2014, 11:51:31 PM
Quote from: robrigo on August 25, 2014, 11:39:21 PM
Any ETA for the dmg / exe releases? I could build from source but not really in the mood if the team is releasing executables.
Executables in progress...
dmg is live! Thanks for all the hard work BTSX team.
waiting for .exe now
All delegates have upgraded, version 0.4.8-a of the GUI has been released, trading can resume safely.
Quote from: bytemaster on August 26, 2014, 02:59:23 AM
All delegates have upgraded, version 0.4.8-a of the GUI has been released, trading can resume safely.
I can't find 0.4.8-a...
$ git tag -l
0.2.0
0.2.1
0.2.2
0.2.3
0.2.4
0.3.0
0.3.1
0.4.0
0.4.1
0.4.2
0.4.3
0.4.4
0.4.5
0.4.6
0.4.7
0.4.8
v0.0.1-alpha.1
v0.0.1-alpha.2
v0.0.1-dryrun.10
v0.0.1-dryrun.8
That version wasn't tagged but is GUI only... "master" is the one you want.
Quote from: bytemaster on August 26, 2014, 06:31:48 AM
That version wasn't tagged but is GUI only... "master" is the one you want.
I pulled master and recompiled. The issued did not go away..
Quote from: luckybit on August 25, 2014, 09:54:22 PM
Quote from: bytemaster on August 25, 2014, 09:28:22 PM
We have identified an issue that requires an immediate hard fork to resolve. We have removed the required depth.
Updates will follow shortly.
Wow I didn't even know markets could be paused. This is a pretty smooth way to handle it.
If someday, the government say: BM, I command you to pause the market, then it paused immediately.
I never know this before.....
Quote from: kevin486 on August 26, 2014, 09:04:34 AM
Quote from: luckybit on August 25, 2014, 09:54:22 PM
Quote from: bytemaster on August 25, 2014, 09:28:22 PM
We have identified an issue that requires an immediate hard fork to resolve. We have removed the required depth.
Updates will follow shortly.
Wow I didn't even know markets could be paused. This is a pretty smooth way to handle it.
If someday, the government say: BM, I command you to pause the market, then it paused immediately.
I never know this before.....
if that day comes remember that delegates must agree on that decision!
That was the case right now.The majority of delegates agreed for a reason ! For the best interrest of current shareholders.
Quote from: kevin486 on August 26, 2014, 09:04:34 AM
Quote from: luckybit on August 25, 2014, 09:54:22 PM
Quote from: bytemaster on August 25, 2014, 09:28:22 PM
We have identified an issue that requires an immediate hard fork to resolve. We have removed the required depth.
Updates will follow shortly.
Wow I didn't even know markets could be paused. This is a pretty smooth way to handle it.
If someday, the government say: BM, I command you to pause the market, then it paused immediately.
I never know this before.....
There is a requirement for a certain amount of market depth before the markets will execute. This prevents a single person from attacking the order book in a market with very few actors. Right now the market is very young and there is very little depth on the buy side of bit usd. BM has placed bid orders to get the depth of that side of the book over the 20M BTSX requirement. When there was a problem he simply removed those orders. If another actor had the funds to place those orders and was so inclined the markets would have opened.