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General Discussion / Re: BitAsset 2.0 Requirements & Implied Design
« on: May 05, 2015, 11:16:28 am »The 24h notice doesn't help against the attack. The attacker only has to delay his BTS dumping until just before the settlement.My assumption was you could short to yourself. It seems to me the way to balance the market.. You either buy BitUSD directly or buy BTS and create BitUSD if it's the cheaper option and you have collateral. Self-shorting is an important option but if we combine it with forced settlement I can imagine a manipulator accumulate $2 mil in BTS over time.. Exchange $1.5 mil BTS for BitUSD or short to self over time...then use 500k BTS to wait for low volume and sell BTS heavily at once and force liquidation on depressed BTS feed prices...is this a possibility?AFAIK that's what the 24h notice is good for .. so that the price feed can recover ..
Also note that anything you do in the DEX is public! .. so you should be able to identify market manipulation .. in contrast to centralized exchanges..
Also, detecting market manipulation doesn't help if the attack is executed quickly and anonymously.