It's an idea but how would you implement such a thing ?
escrow services ?
escrow services ?
The exchanges would just shut down automatically given a sharp change in price. No funds or bitcoins would be able to be moved during the shutdown.
Topic: Exchanges must have circuit breakers - page 2. (Read 2016 times)
The exchanges would just shut down automatically given a sharp change in price. No funds or bitcoins would be able to be moved during the shutdown.
It's an idea but how would you implement such a thing ?
escrow services ?
escrow services ?
+1
you probably should make a poll
you probably should make a poll
+1 agree.
they should also transfer bitcoins out to a offline wallet, and only hold 1000btc in the online wallet, ready to cashout.
they should also transfer bitcoins out to a offline wallet, and only hold 1000btc in the online wallet, ready to cashout.
After any unusual drop or rise in value, a circuit breaker must be implemented. Some may say this is not free market. I disagree. It is only a pause in the action to allow the exchange to overview security and verify the legitimacy of what is going on.
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