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General Discussion / Re: BitUSD Market Paused until Delegates can Upgrade
« on: August 26, 2014, 09:17:25 am »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.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.....
